FedEx (FDX) FY2016 results: revenue $50.4 billion, up 6.1% on the year
FedEx Corp. (FDX) reported revenue of $50.4 billion for fiscal 2016, the year ended 31 May 2016, up 6.1% on the year before. Net income was $1.8 billion, up 73.3%, and diluted earnings per share $6.51. The figures are the company's own, from the 10-K it filed with the SEC on 18 July 2016.
Revenue
$50.4 billion
+6.1% on the year
FY2009FY2016
Operating margin
6.1%
3.9% a year earlier
FY2009FY2016
Net income
$1.8 billion
+73.3% on the year
FY2009FY2016
Diluted EPS
$6.51
+78.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
50,365
47,453
45,567
+6.1%
Operating income
3,077
1,867
3,815
+64.8%
Operating margin
6.1%
3.9%
8.4%
Interest expense
336
235
160
+43.0%
Pre-tax income
2,740
1,627
3,658
+68.4%
Income tax
920
577
1,334
+59.4%
Effective tax rate
33.6%
35.5%
36.5%
Net income
1,820
1,050
2,324
+73.3%
Net margin
3.6%
2.2%
5.1%
Diluted EPS
$6.51
$3.65
$7.48
+78.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
5,708
5,366
4,264
+6.4%
Capital expenditure
4,818
4,347
3,533
+10.8%
Free cash flow
890
1,019
731
-12.7%
Free cash flow margin
1.8%
2.1%
1.6%
Cash from investing
-9,446
-5,752
-3,551
Cash from financing
3,611
1,349
-2,719
+167.7%
Depreciation and amortisation
2,631
2,611
2,587
+0.8%
Share-based compensation
144
133
117
+8.3%
Buybacks
2,722
1,254
4,857
+117.1%
Dividends paid
277
227
187
+22.0%
Dividend per share
$1.00
$0.80
$0.60
+25.0%
Diluted shares, weighted
279m
287m
310m
-2.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
13,784
14,993
15,277
-8.1%
Debt
13,762
7,268
4,737
+89.4%
Other liabilities
18,413
14,208
13,056
+29.6%
Total liabilities and equity
45,959
36,469
33,070
+26.0%
Fixed assets
24,284
20,875
19,550
+16.3%
Goodwill
6,747
3,810
2,790
+77.1%
Intangible assets
1,008
207
57.0
+387.0%
Cash and equivalents
3,534
3,763
2,908
-6.1%
Receivables
7,252
5,719
5,460
+26.8%
Other assets
3,134
2,095
2,305
+49.6%
Total assets
45,959
36,469
33,070
+26.0%
10-K for the year ended 31 May 2016, filed 18 July 2016: the filing.