Q4 Fiscal 2014 Statistics
FedEx Corporation
Financial and Operating Statistics
Fourth Quarter Fiscal 2014
June 18, 2014
This report is a statistical supplement to FedEx’s interim financial reports and is
prepared quarterly. Additional copies are available for downloading and printing at
www.fedex.com/us/investorrelations. For more information, write or call:
Mickey Foster, Vice President
Stephen Hughes, Director
Jeff Smith, Director
Elizabeth Allen, Manager
FedEx Corp. Investor Relations
942 S. Shady Grove Road
Memphis, TN 38120
Telephone: (901) 818-7200
TABLE OF CONTENTS
• FEDEX CORPORATION
OVERVIEW
CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 – FY2011
FY2012 – FY2013
FY2014
CAPITAL EXPENDITURES
1
2
3
4
5
6
7
8
• FEDEX EXPRESS SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 – FY2011
FY2012 – FY2013
FY2014
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
FY2010 – FY2011
FY2012 – FY2013
FY2014 – FY2015
AIRCRAFT AND VEHICLE FLEET STATISTICS
JET FUEL STATISTICS
9
10
11
12
13
14
15
16
17
18
• FEDEX GROUND SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 – FY2011
FY2012 – FY2013
FY2014
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
19
20
21
22
23
24
• FEDEX FREIGHT SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 – FY2011
FY2012 – FY2013
FY2014
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
FY2010 – FY2013
FY2014 – FY2015
25
26
27
28
29
30
31
FEDEX CORPORATION
OVERVIEW
FedEx Corporation provides customers and businesses worldwide with a broad portfolio of
transportation, e-commerce and business services. With annual revenues of $46 billion, the
company offers integrated business applications through operating companies competing
collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked
among the world's most admired and trusted employers, FedEx inspires its more than 300,000
team members to remain "absolutely, positively" focused on safety, the highest ethical and
professional standards and the needs of their customers and communities.
FedEx Express invented express distribution and remains the industry’s global leader, providing
rapid, reliable, time-definite delivery to more than 220 countries and territories, connecting markets
that comprise more than 90 percent of the world’s gross domestic product within one to three
business days. Unmatched air route authorities and transportation infrastructure, combined with
leading-edge information technologies, make FedEx Express the world’s largest express
transportation company, providing fast and reliable services for approximately 4 million shipments
each business day.
FedEx Ground is a leading North American provider of ground small-package delivery services,
providing service to the United States and Canada. FedEx Home Delivery, the industry’s first
ground service dedicated to residential delivery, is available from FedEx Ground and is backed by
a money-back guarantee. FedEx Ground segment financial results include FedEx SmartPost,
which specializes in the consolidation and delivery of high volumes of low-weight, less timesensitive business-to-consumer packages using the U.S. Postal Service for final delivery to
residences.
FedEx Freight is a leading North American provider of less-than-truckload (LTL) freight services
across all lengths of haul. FedEx Freight segment financial results also include FedEx Custom
Critical, a leading North American provider of time-specific, critical shipment services.
FedEx Services operates combined sales, marketing, administrative and information technology
functions in shared services operations that support our transportation businesses and allow us to
obtain synergies from the combination of these functions. The FedEx Services segment includes:
FedEx Services, which provides sales, marketing, information technology, communications and
certain back-office support to our other companies; FedEx TechConnect, which is responsible for
customer service, technical support, billings and collections for U.S. customers of our major
business units; and FedEx Office, which provides an array of document and business services and
retail access to our customers for our package transportation businesses.
CORPORATE HEADQUARTERS:
942 S. Shady Grove Road
Memphis, TN 38120
COMMON STOCK LISTING:
The New York Stock Exchange
STOCK SYMBOL:
FDX
COMMON SHARES AUTHORIZED:
800,000,000
COMMON SHARES OUTSTANDING:
287,362,977 (as of May 31, 2014)
STOCKHOLDERS OF RECORD:
12,935 (as of May 31, 2014)
TRANSFER AGENT & REGISTRAR:
Computershare Investor Services
P.O. Box 43069
Providence, RI 02940-3069
(800) 446-2617 or
John Ruocco (312) 499-7033
FISCAL YEAR END:
May 31
ANNUAL MEETING:
September 29, 2014
Q4 FY14 Stat Book / 1
FedEx Corporation
Condensed Consolidated Balance Sheets
FY 2010 – FY 2014
May 31
In millions (except share data)
.
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
$ 1,952
4,163
389
529
251
7,284
$ 2,328
4,581
437
610
329
8,285
$ 2,843
4,704
440
533
536
9,056
$ 4,917
5,044
457
533
323
11,274
$ 2,908
5,460
463
522
330
9,683
11,640
5,193
4,218
3,170
7,081
31,302
13,146
5,591
4,408
3,294
7,247
33,686
14,360
5,912
4,646
3,654
7,592
36,164
14,716
6,452
4,958
4,080
7,903
38,109
40,691
16,917
18,143
18,916
19,625
21,141
Net property and equipment
14,385
15,543
17,248
18,484
19,550
Other Long-Term Assets
Goodwill
Other assets
Total other long-term assets
2,200
1,033
3,233
2,326
1,231
3,557
2,387
1,212
3,599
2,755
1,054
3,809
2,790
1,047
3,837
$ 24,902
$ 27,385
$ 29,903
$ 33,567
$ 33,070
Current Liabilities
Current portion of long-term debt
Accrued salaries and employee benefits
Accounts payable
Accrued expenses
Total current liabilities
$ 262
1,146
1,522
1,715
4,645
$ 18
1,268
1,702
1,894
4,882
$ 417
1,635
1,613
1,709
5,374
$ 251
1,688
1,879
1,932
5,750
$1
1,277
1,971
2,063
5,312
Long-Term Debt, Less Current Portion
1,668
1,667
1,250
2,739
4,736
Other Long-Term Liabilities
Deferred income taxes
Pension, postretirement healthcare and other benefit obligations
Self-insurance accruals
Deferred lease obligations
Deferred gains, principally related to aircraft transactions
Other liabilities
Total other long-term liabilities
891
1,705
960
804
267
151
4,778
1,336
2,124
977
779
246
154
5,616
836
5,582
963
784
251
136
8,552
1,652
3,916
987
778
227
120
7,680
2,114
3,484
1,038
758
206
145
7,745
31
2,261
13,966
(2,440)
(7)
13,811
32
2,484
15,266
(2,550)
(12)
15,220
32
2,595
17,134
(4,953)
(81)
14,727
32
2,668
18,519
(3,820)
(1)
17,398
32
2,643
20,429
(3,694)
(4,133)
15,277
ASSETS
Current Assets
Cash and cash equivalents
Receivables, less allowances
Spare parts, supplies and fuel, less allowances
Deferred income taxes
Prepaid expenses and other
Total current assets
Property and Equipment, at Cost
Aircraft and related equipment
Package handling and ground support equipment
Computer and electronic equipment
Vehicles
Facilities and other
Less accumulated depreciation and amortization
LIABILITIES AND STOCKHOLDERS' INVESTMENT
Commitments and Contingencies
Common Stockholders' Investment
Common stock $0.10 par value; 800 million shares auth.
Additional paid-in capital
Retained earnings
1
Accumulated other comprehensive loss
Treasury stock, at cost
Total common stockholders' investment
$ 24,902
$ 27,385
$ 29,903
$ 33,567
$ 33,070
1 - Includes other comprehensive income charge of $1.0 billion, net of taxes, at May 31, 2010, $350 million, net of taxes, at May 31, 2011, $2.4 billion, net of taxes, at
May 31, 2012, and an increase of $861 million, net of taxes, at May 31, 2013, $151 million, net of taxes, at May 31, 2014 related to the funded status of our
retirement plans.
Current period financial results are unaudited. Differences may result due to rounding.
2 / Q4 FY14 Stat Book
FedEx Corporation
Condensed Consolidated Statements of Cash Flows
FY 2010 – FY 2014
Years ended May 31
.
In millions
OPERATING ACTIVITIES
Net income
Adjustments to reconcile net income to cash provided by
operating activities:
Depreciation and amortization
Provision for uncollectible accounts
Deferred income taxes and other noncash items
Business realignment, impairment and other charges2
Stock-based compensation
Changes in operating assets and liabilities, net of the effects
of businesses acquired:
Receivables
Other current assets
Pension assets and liabilities, net
Accounts payable and other operating liabilities
Other, net
Cash provided by operating activities
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
$ 1,184
$ 1,452
$ 2,032
$ 1,561
$ 2,097
1,958
124
331
18
101
1,973
152
669
29
98
2,113
160
1,126
134
105
2,386
167
521
479
109
2,587
130
581
–
117
(1,248)
(906)
276
(611)
710
(47)
(400)
(114)
(169)
370
(19)
(254)
(231)
(453)
144
(41)
(451)
257
(335)
10
(16)
3,138
4,041
4,835
4,688
4,264
INVESTING ACTIVITIES
Capital expenditures
Business acquisitions, net of cash acquired
Proceeds from asset dispositions and other
(2,816)
–
35
(3,434)
(96)
111
(4,007)
(116)
74
(3,375)
(483)
55
(3,533)
(36)
18
Cash used in investing activities
(2,781)
(3,419)
(4,049)
(3,803)
(3,551)
FINANCING ACTIVITIES
Principal payments on debt
Proceeds from debt issuances
Proceeds from stock issuances
Excess tax benefits on the exercise of stock options
Dividends paid
Purchase of treasury stock
Other, net
(653)
–
94
25
(138)
–
(20)
(262)
–
108
23
(151)
–
(5)
(29)
–
128
18
(164)
(197)
–
(417)
1,739
280
23
(177)
(246)
(18)
(254)
1,997
557
44
(187)
(4,857)
(19)
Cash (used in) provided by financing activities
(692)
(287)
(244)
1,184
(2,719)
(5)
41
(27)
5
(3)
(340)
2,292
$ 1,952
376
1,952
$ 2,328
2,074
2,843
$ 4,917
(2,009)
4,917
$ 2,908
Effect of exchange rate changes on cash
CASH AND CASH EQUIVALENTS
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
515
2,328
$ 2,843
1 - FY14 year-to-date cash flow information has been included on a condensed basis and therefore certain line items are not presented individually.
2 - FY12 includes an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines at FedEx Express. FY13 includes accrued
business realignment costs and an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related engines.
Current period financial results are unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
3
FedEx Corporation
Annual Consolidated Statements of Income
FY 2010 – FY 2014
Years ended May 31
In millions, except EPS
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
$ 21,555
7,439
4,321
1,770
$ 24,581
8,485
4,911
1,684
$ 26,515
9,573
5,282
1,671
$ 27,171
10,578
5,401
1,580
$ 27,121
11,617
5,757
1,536
Other & eliminations
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and other charges1
Other2
Total Operating Expenses
Operating Income (Loss):
1,2
FedEx Express segment
1
FedEx Ground segment
FedEx Freight segment1
Total Operating Income
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
Income Before Income Taxes
Provision for Income Taxes
Net Income
Basic Earnings Per Share1,2
Weighted Avg. Common Shares
Diluted Earnings Per Share1,2
Avg Common and Common Equiv. Shares
SELECTED STATISTICS
Operating Margin
Pretax Margin
Return on Assets3
3
Return on Equity
Dividends Paid Per Common Share
(351)
34,734
(357)
39,304
(361)
42,680
(443)
44,287
(464)
45,567
14,027
4,728
2,359
1,958
3,106
1,715
18
4,825
32,736
15,276
5,674
2,462
1,973
4,151
1,979
89
5,322
36,926
16,099
6,335
2,487
2,113
4,956
1,980
134
5,390
39,494
16,570
7,272
2,521
2,386
4,746
1,909
660
5,672
41,736
16,555
8,011
2,622
2,587
4,557
1,862
–
5,927
42,121
1,127
1,024
(153)
1,998
1,228
1,325
(175)
2,378
1,260
1,764
162
3,186
555
1,788
208
2,551
1,172
1,955
319
3,446
(71)
(33)
(104)
1,894
(77)
(36)
(113)
2,265
(39)
(6)
(45)
3,141
(61)
(35)
(96)
2,455
(142)
(15)
(157)
3,289
710
813
1,109
894
1,192
$ 1,184
$ 1,452
$ 2,032
$ 1,561
$ 2,097
$ 3.78
$ 4.61
$ 6.44
$ 4.95
$ 6.82
312
315
315
315
307
$ 3.76
$ 4.57
$ 6.41
$ 4.91
$ 6.75
314
317
317
317
310
5.8%
5.5%
6.1%
5.8%
7.5%
7.4%
5.8%
5.5%
7.6%
7.2%
4.8%
8.6%
$ 0.44
5.6%
10.0%
$ 0.48
7.1%
13.6%
$ 0.52
4.9%
9.7%
$ 0.56
6.3%
12.8%
$ 0.60
1 - FY11 includes charges of approximately $199 million ($104 million, net of tax and applicable variable incentive compensation impacts, or $0.33 per diluted share) related to the
combination of the company's FedEx Freight and FedEx National LTL operations. FY12 includes an impairment charge of $134 million ($84 million, net of tax, or $0.26 per
diluted share) resulting from the decision to retire 24 aircraft and related engines at FedEx Express. FY13 includes $560 million ($353 million, net of tax, or $1.11 per diluted
share) of business realignment costs and an impairment charge of $100 milion ($63 million, net of tax, or $0.20 per diluted share) resulting from the decision to retire 10
aircraft and related engines at FedEx Express.
2 - FY11 includes a $66 million reserve for the ATA litigation at FedEx Express that was reversed in FY12.
3 - Return on Assets and Return on Equity for the current year-to-date are calculated on a rolling four quarter basis.
Current period financial results are unaudited. Differences may result due to rounding.
4 / Q4 FY14 Stat Book
FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2010 – FY 2011
Years ended May 31
In millions, except EPS
FIRST
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other & eliminations
Total Revenue
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2011
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$ 4,924
1,730
982
451
(78)
8,009
$ 5,314
1,837
1,068
465
(88)
8,596
$ 5,440
1,910
1,040
406
(95)
8,701
$ 5,877
1,962
1,231
448
(90)
9,428
$ 5,912
1,961
1,258
415
(89)
9,457
$ 5,992
2,077
1,221
434
(92)
9,632
$ 6,049
2,184
1,123
397
(90)
9,663
$ 6,628
2,263
1,309
438
(86)
10,552
3,377
1,054
578
495
666
401
–
1,123
7,694
3,424
1,155
593
487
744
410
–
1,212
8,025
3,549
1,220
593
488
810
404
–
1,221
8,285
3,677
1,299
595
488
886
500
18
1,269
8,732
3,803
1,327
601
479
887
517
–
1,215
8,829
3,779
1,390
628
502
938
473
67
1,386
9,163
3,828
1,446
621
493
1,049
480
21
1,332
9,270
3,866
1,511
612
499
1,277
509
1
1,389
9,664
Operating Income (Loss):
1
FedEx Express segment
FedEx Ground segment
FedEx Freight segment1
Total Operating Income
104
209
2
315
345
238
(12)
571
265
258
(107)
416
413
319
(36)
696
357
287
(16)
628
264
296
(91)
469
178
325
(110)
393
429
417
42
888
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
(18)
(3)
(21)
(15)
(9)
(24)
(19)
(16)
(35)
(19)
(5)
(24)
(18)
(7)
(25)
(23)
(9)
(32)
(24)
(9)
(33)
(12)
(11)
(23)
Income Before Income Taxes
294
547
381
672
603
437
360
865
Provision for Income Taxes
113
202
142
253
223
154
129
307
$ 181
$ 345
$ 239
$ 419
$ 380
$ 283
$ 231
$ 558
$ 0.58
$ 1.10
$ 0.76
$ 1.34
$ 1.21
$ 0.90
$ 0.73
$ 1.76
312
312
312
313
314
314
315
315
$ 0.58
$ 1.10
$ 0.76
$ 1.33
$ 1.20
$ 0.89
$ 0.73
$ 1.75
312
314
315
316
315
316
317
318
3.9%
3.7%
6.6%
6.4%
4.8%
4.4%
7.4%
7.1%
6.6%
6.4%
4.9%
4.5%
4.1%
3.7%
8.4%
8.2%
$ 0.11
$ 0.11
$ 0.11
$ 0.11
$ 0.12
$ 0.12
$ 0.12
$ 0.12
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
1
Impairment charges
Other1
Total Operating Expenses
Net Income
1
Basic Earnings Per Share
Weighted Avg. Common Shares
Diluted Earnings Per Share1
Avg Common and Common Equiv. Shares
SELECTED STATISTICS
Operating Margin
Pretax Margin
Dividends Paid Per Common Share
1 - Q2 FY11 FedEx Express segment operating expenses include a $66 million reserve for the ATA litigation. Q2, Q3 and Q4 FY11 FedEx Freight segment operating income includes $133
million in costs related to the combination of the company's FedEx Freight and FedEx National LTL operations.
.
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
5
FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2012 – FY 2013
Years ended May 31
In millions, except EPS
FIRST
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other & eliminations
Total Revenue
FY 2012
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2013
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
$ 6,592
2,278
1,328
411
(88)
10,521
$ 6,583
2,339
1,325
427
(87)
10,587
$ 6,543
2,480
1,234
401
(94)
10,564
$ 6,797
2,476
1,395
432
(92)
11,008
$ 6,632
2,462
1,399
389
(90)
10,792
$ 6,858
2,593
1,377
405
(126)
11,107
$ 6,704
2,747
1,237
380
(115)
10,953
$ 6,977
2,776
1,388
406
(112)
11,435
4,004
1,518
620
509
1,244
551
3,982
1,576
623
518
1,200
511
4,021
1,619
628
543
1,233
456
4,092
1,622
616
543
1,279
462
4,103
1,680
618
573
1,138
542
4,125
1,860
630
592
1,235
511
4,150
1,871
640
599
1,215
424
4,192
1,861
633
622
1,158
432
–
1,338
9,784
–
1,397
9,807
–
1,251
9,751
134
1,404
10,152
4
1,392
10,050
13
1,423
10,389
47
1,418
10,364
596
1,439
10,933
Operating Income (Loss):
2,3
FedEx Express segment
FedEx Ground segment2
FedEx Freight segment2
Total Operating Income
288
407
42
737
342
398
40
780
349
465
(1)
813
281
494
81
856
207
445
90
742
230
412
76
718
118
467
4
589
–
464
38
502
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
(11)
(2)
(13)
(10)
(5)
(15)
(18)
(8)
(26)
(9)
(16)
(25)
(24)
(6)
(30)
Operating Expenses:
1
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and
1,2,3
other charges
Other1,3
Total Operating Expenses
(7)
4
(3)
(12)
(9)
(21)
(9)
1
(8)
Income Before Income Taxes
724
777
792
848
727
692
564
472
Provision for Income Taxes
260
280
271
298
268
254
203
169
Net Income
2,3
Basic Earnings Per Share
Weighted Avg. Common Shares
Diluted Earnings Per Share2,3
Avg Common and Common Equiv. Shares
$ 464
$ 497
$ 521
$ 550
$ 459
$ 438
$ 361
$ 303
$ 1.46
$ 1.57
$ 1.66
$ 1.74
$ 1.46
$ 1.39
$ 1.14
$ 0.96
316
315
314
315
315
314
315
317
$ 1.46
$ 1.57
$ 1.65
$ 1.73
$ 1.45
$ 1.39
$ 1.13
$ 0.95
318
316
316
317
316
315
317
319
7.0%
6.9%
7.4%
7.3%
7.7%
7.5%
7.8%
7.7%
6.9%
6.7%
6.5%
6.2%
5.4%
5.1%
4.4%
4.1%
$ 0.13
$ 0.13
$ 0.13
$ 0.13
$ 0.14
$ 0.14
$ 0.14
$ 0.14
SELECTED STATISTICS
Operating Margin
Pretax Margin
Dividends Paid Per Common Share
1 - In Q3 FY13, we reclassified predominantly severance costs associated with our voluntary buyout program from salaries and employee benefits expense and other costs
directly attributable to our profit improvement plan from other expense to business realignment costs to conform to the current period presentation.
.
2 - The FedEx Express segment includes $2 million in Q1, $9 million in Q2, $34 million in Q3 and $360 million in Q4 FY13 of direct and allocated costs associated with our
business realignment activities. The FedEx Ground segment includes $3 million in Q2, $9 million in Q3 and $93 in Q4 FY13 of direct and allocated costs associated with our
business realignment activities. The FedEx Freight segment includes $1 million in Q1, $1 million in Q2, $5 million in Q3 and $43 million in Q4 FY13 of direct and allocated
costs associated with our business realignment activities.
.
3 - Q3 FY12 FedEx Express segment operating expenses include the reversal of a $66 million reserve associated with the ATA litigation. Q4 FY12 FedEx Express segment
operating expenses include an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines. Q4 FY13 FedEx Express segment
operating expenses include an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related engines.
.
Unaudited. Differences may result due to rounding.
6 / Q4 FY14 Stat Book
FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions, except EPS
FIRST
QUARTER
FY 2014
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other & eliminations
Total Revenue
$ 6,605
2,730
1,424
375
(110)
11,024
$ 6,844
2,849
1,434
391
(115)
11,403
$ 6,674
3,031
1,347
368
(119)
11,301
$ 6,998
3,007
1,552
402
(120)
11,839
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Other
Total Operating Expenses
4,077
1,879
640
639
1,104
480
1,410
10,229
4,148
2,040
648
647
1,136
479
1,478
10,576
4,167
2,063
662
652
1,163
438
1,515
10,660
4,163
2,029
672
649
1,154
465
1,524
10,656
Operating Income:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
Total Operating Income
236
468
91
795
326
424
77
827
135
477
29
641
475
586
122
1,183
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
(27)
(2)
(29)
(30)
(5)
(35)
(38)
(9)
(47)
(47)
1
(46)
Income Before Income Taxes
766
792
594
Provision for Income Taxes
277
292
216
407
Net Income
$ 489
$ 500
$ 378
$ 730
Basic Earnings Per Share
$ 1.54
$ 1.58
$ 1.24
$ 2.49
316
315
303
293
$ 1.53
$ 1.57
$ 1.23
$ 2.46
319
319
307
296
7.2%
6.9%
7.3%
6.9%
5.7%
5.3%
10.0%
9.6%
$ 0.15
$ 0.15
$ 0.15
$ 0.15
Weighted Avg. Common Shares
Diluted Earnings Per Share
Avg Common and Common Equiv. Shares
1,137
SELECTED STATISTICS
Operating Margin
Pretax Margin
Dividends Paid Per Common Share
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
7
FedEx Corporation
Capital Spending
FY 2010 – FY 2014
Years ended May 31
In millions
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
By Asset Type
Aircraft and Related Equipment
Facilities and Sort Equipment
Vehicles
Information Technology Investments
Other Equipment
Total
$ 1,537
630
220
289
140
$ 2,816
$ 1,988
555
282
455
154
$ 3,434
$ 1,875
638
723
541
230
$ 4,007
$ 1,190
727
734
452
272
$ 3,375
$ 1,327
819
784
403
200
$ 3,533
By Segment
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other
Total
$ 1,864
400
212
340
–
$ 2,816
$ 2,467
426
153
387
1
$ 3,434
$ 2,689
536
340
437
5
$ 4,007
$ 2,067
555
326
424
3
$ 3,375
$ 1,994
850
325
363
1
$ 3,533
Unaudited. Differences may result due to rounding.
8 / Q4 FY14 Stat Book
FedEx Express Segment
Annual Consolidated Statements of Income
FY 2010 – FY 2014
Years ended May 31
In millions
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
$ 5,602
1,640
7,242
2,589
9,831
$ 6,128
1,736
7,864
2,805
10,669
6,760
1,468
$ 6,546
1,747
8,293
3,001
11,294
6,849
1,859
$ 6,513
1,705
8,218
3,020
11,238
6,586
2,046
$ 6,555
1,636
8,191
3,188
11,379
6,451
2,229
7,087
578
17,496
8,228
653
19,550
8,708
853
20,855
8,632
1,398
21,268
8,680
1,446
21,505
1,980
1,303
251
3,534
2,188
1,722
283
4,193
2,498
1,827
307
4,632
2,562
1,678
276
4,516
2,355
1,594
205
4,154
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Package Revenue
International Priority
International Economy
Total International Export
Package Revenue
International Domestic 1
Total Package Revenue
Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue2
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and other charges 3
Intercompany charges 4
Other5,6
Operating Income
525
838
1,028
1,387
1,462
21,555
24,581
26,515
27,171
27,121
8,402
1,177
1,577
1,016
2,651
1,131
–
1,940
2,534
20,428
9,183
1,573
1,672
1,059
3,553
1,353
–
2,043
2,917
23,353
9,657
1,828
1,680
1,169
4,304
1,332
134
2,193
2,958
25,255
10,045
2,331
1,684
1,350
4,130
1,244
243
2,379
3,210
26,616
9,914
2,511
1,705
1,488
3,943
1,182
–
2,027
3,179
25,949
$ 1,127
$ 1,228
$ 1,260
$ 555
$ 1,172
5.2%
5.0%
4.8%
2.0%
4.3%
SELECTED STATISTICS
Operating Margin
1 - International domestic revenues represent our international intra-country express operations, including acquisitions in India (February 2011), Mexico (July 2011), Poland
(June 2012), France (July 2012), Brazil (July 2012) and Southern Africa (May 2014).
2 - Other revenues include FedEx Trade Networks and, beginning in the second quarter of FY10, FedEx SupplyChain Systems.
3 - FY12 includes an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines. FY13 includes $143 million of predominantly
severance costs associated with our voluntary buyout program and an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related
engines.
4 - FY13 includes allocations of $262 million for business realignment costs.
5 - FY11 includes a $66 million reserve for the ATA litigation at FedEx Express. FY12 includes the reversal of a $66 million reserve associated with the ATA litigation.
6 - Includes predominantly costs associated with outside service contracts (such as security, facility services and cargo handling), professional fees, uniforms, insurance and
advertising.
Current period financial results are unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
9
FedEx Express Segment
Quarterly Consolidated Statements of Income
FY 2010 – FY 2011
Years ended May 31
In millions
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2011
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Package
Revenue
1
International Domestic
Total Package Revenue
$ 1,331
408
1,739
601
2,340
$ 1,372
395
1,767
626
2,393
$ 1,413
400
1,813
692
2,505
$ 1,486
437
1,923
670
2,593
$ 1,491
432
1,923
661
2,584
1,652
322
$ 1,489
416
1,905
666
2,571
1,659
350
$ 1,514
425
1,939
743
2,682
1,610
364
$ 1,634
463
2,097
735
2,832
1,839
432
1,594
134
4,068
1,763
151
4,307
1,748
142
4,395
1,982
151
4,726
1,974
148
4,706
2,009
165
4,745
1,974
158
4,814
2,271
182
5,285
449
260
61
770
490
321
63
874
525
329
61
915
516
393
66
975
523
406
70
999
530
435
69
1,034
565
412
68
1,045
570
469
76
1,115
Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
2
Other Revenue
86
133
130
176
207
213
190
228
Total Revenue
4,924
5,314
5,440
5,877
5,912
5,992
6,049
6,628
2,043
255
385
252
571
261
469
584
4,820
2,036
283
396
251
638
267
470
628
4,969
2,136
292
397
254
694
261
497
644
5,175
2,187
347
399
259
748
342
504
678
5,464
2,258
369
403
255
754
352
513
651
5,555
2,253
388
427
265
802
320
512
761
5,728
2,321
386
424
267
898
330
498
747
5,871
2,351
430
418
272
1,099
351
520
758
6,199
$ 104
$ 345
$ 265
$ 413
$ 357
$ 264
$ 178
$ 429
2.1%
6.5%
4.9%
7.0%
6.0%
4.4%
2.9%
6.5%
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
3,4
Other
Operating Income
SELECTED STATISTICS
Operating Margin
1 - International domestic revenues represent our international intra-country express operations, including an acquisition in India in February 2011.
2 - Other revenues include FedEx Trade Networks and, beginning in the second quarter of FY10, FedEx SupplyChain Systems.
3 - Q2 FY11 includes a $66 million reserve for the ATA litigation.
4 - Includes predominantly costs associated with outside service contracts (such as security, facility services and cargo handling), professional fees, uniforms, insurance and advertising.
Unaudited. Differences may result due to rounding.
10 / Q4 FY14 Stat Book
FedEx Express Segment
Quarterly Consolidated Statements of Income
FY 2012 – FY 2013
Years ended May 31
In millions
FIRST
QUARTER
FY 2012
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2013
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Package
Revenue
International Domestic 1
Total Package Revenue
$ 1,640
451
2,091
731
2,822
1,757
441
$ 1,623
421
2,044
731
2,775
1,711
460
$ 1,619
426
2,045
792
2,837
1,625
454
$ 1,664
449
2,113
747
2,860
1,756
504
$ 1,604
430
2,034
702
2,736
1,661
487
$ 1,609
409
2,018
732
2,750
1,678
514
$ 1,609
413
2,022
812
2,834
1,567
491
$ 1,691
453
2,144
774
2,918
1,680
554
2,198
207
5,227
2,171
217
5,163
2,079
210
5,126
2,260
219
5,339
2,148
309
5,193
2,192
384
5,326
2,058
342
5,234
2,234
363
5,515
591
449
77
1,117
628
470
74
1,172
647
443
77
1,167
632
465
79
1,176
610
439
74
1,123
645
446
77
1,168
668
384
64
1,116
639
409
61
1,109
Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue 2
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and
other charges 3,5
Intercompany charges 4
Other5,6
Operating Income
248
248
250
282
316
364
354
353
6,592
6,583
6,543
6,797
6,632
6,858
6,704
6,977
2,413
449
423
282
1,077
380
2,377
448
421
288
1,039
354
2,410
449
425
299
1,078
303
2,457
482
411
300
1,110
295
2,473
537
415
323
986
372
2,488
608
418
336
1,074
349
2,539
583
429
334
1,066
262
2,545
603
422
357
1,004
261
–
548
732
6,304
–
548
766
6,241
–
547
683
6,194
134
550
777
6,516
–
537
782
6,425
1
535
819
6,628
13
548
812
6,586
229
759
797
6,977
$ 288
$ 342
$ 349
$ 281
$ 207
$ 230
$ 118
–
4.4%
5.2%
5.3%
4.1%
3.1%
3.4%
1.8%
–
SELECTED STATISTICS
Operating Margin
1 - International domestic revenues represent our international intra-country express operations, including acquisitions in Mexico (July 2011), Poland (June 2012), France (July 2012) and Brazil
(July 2012).
2 - Other revenues include FedEx Trade Networks and FedEx SupplyChain Systems.
3 - Q4 FY12 includes an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines. Q4 FY13 includes an impairment charge of $100 million resulting
from the decision to retire 10 aircraft and related engines. Q4 FY13 includes $129 million of predominantly severance costs associated with our voluntary buyout program. Q2 FY13 and Q3
FY13 include severance costs associated with our voluntary buyout program.
4 - FY13 includes allocations of $21 million in Q3 and $231 million in Q4 for business realignment costs.
5 - Q3 FY12 includes the reversal of a $66 million reserve associated with the ATA litigation at FedEx Express. In Q3 FY13, we reclassified costs directly attributable to our profit improvement
plan from other expense to business realignment costs to conform to the current period presentation.
6 - Includes predominantly costs associated with outside service contracts (such as security, facility services and cargo handling), professional fees, uniforms, insurance and advertising.
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
11
FedEx Express Segment
Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions
FIRST
QUARTER
FY 2014
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Package
Revenue
International Domestic 1
Total Package Revenue
$ 1,584
419
2,003
729
2,732
1,576
532
$ 1,625
398
2,023
771
2,794
1,642
567
$ 1,643
393
2,036
869
2,905
1,542
540
$ 1,703
426
2,129
819
2,948
1,691
590
2,108
345
5,185
2,209
385
5,388
2,082
347
5,334
2,281
369
5,598
624
388
54
1,066
585
417
55
1,057
577
379
48
1,004
569
410
48
1,027
Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue 2
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other3
Operating Income
354
399
336
373
6,605
6,844
6,674
6,998
2,440
608
421
369
956
307
495
773
6,369
2,469
660
420
373
986
308
512
790
6,518
2,509
608
432
374
1,010
273
507
826
6,539
2,496
635
432
372
991
294
513
790
6,523
$ 236
$ 326
$ 135
$ 475
3.6%
4.8%
2.0%
6.8%
SELECTED STATISTICS
Operating Margin
1 - International domestic revenues represent our international intra-country express operations, including an acquisition in Southern Africa (May 2104).
2 - Other revenues include FedEx Trade Networks and FedEx SupplyChain Systems.
3 - Includes predominantly costs associated with outside service contracts (such as security, facility services and cargo handling), professional fees, uniforms, insurance and advertising.
Unaudited. Differences may result due to rounding.
12 / Q4 FY14 Stat Book
FedEx Express
Annual Shipment Statistics
FY 2010 – FY 2014
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
1,157
614
1,771
867
2,638
523
318
3,479
1,184
627
1,811
873
2,684
459
116
575
348
3,607
1,146
586
1,732
845
2,577
421
138
559
495
3,631
1,134
574
1,708
835
2,543
421
155
576
785
3,904
1,164
538
1,702
869
2,571
410
170
580
819
3,970
7,141
2,544
1,222
10,907
7,340
3,184
1,235
11,759
7,487
3,303
1,171
11,961
7,612
3,048
1,066
11,726
7,854
2,922
798
11,574
$ 19.00
10.47
16.04
11.70
14.61
53.10
7.14
$ 19.72
$ 20.29
10.86
17.02
12.60
15.59
57.68
49.76
56.08
7.38
$ 21.25
$ 22.31
11.65
18.70
13.87
17.12
63.47
52.77
60.83
6.74
$ 22.44
$ 22.52
11.66
18.87
14.18
17.33
61.28
51.77
58.72
6.99
$ 21.36
$ 22.18
11.97
18.95
14.44
17.42
61.88
51.75
58.92
6.95
$ 21.32
$ 1.09
2.01
0.81
$ 1.27
$ 1.17
2.12
0.90
$ 1.40
$ 1.30
2.16
1.02
$ 1.51
$ 1.32
2.16
1.01
$ 1.51
$ 1.18
2.15
1.01
$ 1.41
2.7%
(2.1%)
1.0%
2.1%
1.3%
2.3%
2.1%
2.3%
0.7%
1.7%
10.1%
6.7%
3.1%
9.9%
9.4%
3.7%
(3.2%)
(6.5%)
(4.4%)
(3.2%)
(4.0%)
(8.3%)
19.0%
(2.8%)
42.2%
0.7%
(1.0%)
(2.0%)
(1.4%)
(1.2%)
(1.3%)
–
12.3%
3.0%
58.6%
7.5%
2.6%
(6.3%)
(0.4%)
4.1%
1.1%
(2.6%)
9.7%
0.7%
4.3%
1.7%
(7.8%)
(11.6%)
(8.7%)
(7.2%)
(8.3%)
9.4%
5.9%
8.6%
8.3%
8.5%
1.6%
2.3%
(4.2%)
16.1%
13.0%
11.7%
6.8%
0.6%
5.5%
7.0%
5.9%
1.3%
26.6%
5.8%
30.6%
6.7%
(0.5%)
(2.4%)
(0.9%)
0.6%
(0.5%)
(3.8%)
10.1%
(0.9%)
63.9%
2.0%
0.6%
(4.0%)
(0.3%)
5.6%
1.3%
(2.0%)
8.9%
0.6%
3.4%
1.1%
7.5
$ 2.63
255
8.0
$ 2.66
255
8.8
$ 2.55
256
10.3
$ 2.07
255
10.6
$ 2.01
254
AVG DAILY VOLUME / POUNDS
Average Daily Package Volume (000s):
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Avg Daily Packages
Average Daily Freight Pounds (000s):
U.S.
International Priority
International Airfreight
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Composite Package Yield
Revenue Per Freight Pound:
U.S.
International Priority
International Airfreight
Total Composite Freight Yield
PACKAGE YOY GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
1 - International domestic statistics represent our international intra-country express operations, including acquisitions in India (February 2011), Mexico (July 2011), Poland (June
2012), France (July 2012), Brazil (July 2012) and Southern Africa (May 2014).
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
13
FedEx Express
Quarterly Shipment Statistics
FY 2010 – FY 2011
FY 2010
FY 2011
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Avg Daily Packages
1,128
617
1,745
823
2,568
1,154
606
1,760
858
2,618
1,190
601
1,791
949
2,740
1,156
632
1,788
843
2,631
560
323
3,514
1,168
624
1,792
846
2,638
462
104
566
323
3,527
1,196
626
1,822
865
2,687
470
115
585
354
3,626
1,218
631
1,849
952
2,801
438
120
558
337
3,696
1,158
626
1,784
833
2,617
468
125
593
373
3,583
475
293
3,336
529
338
3,485
530
317
3,587
6,584
2,142
1,297
10,023
7,193
2,571
1,207
10,971
7,906
2,577
1,184
11,667
6,916
2,889
1,198
11,003
6,908
3,027
1,240
11,175
7,459
3,320
1,243
12,022
8,000
3,131
1,262
12,393
7,027
3,261
1,195
11,483
$ 18.16
10.17
15.33
11.23
14.02
$ 18.87
10.36
15.95
11.58
14.51
$ 19.16
10.70
16.32
11.77
14.74
$ 19.77
10.64
16.55
12.23
15.16
51.61
7.05
$ 18.76
52.88
7.09
$ 19.62
53.23
7.22
$ 19.76
54.45
7.22
$ 20.69
$ 19.65
10.64
16.51
12.01
15.07
54.98
47.98
53.70
7.04
$ 20.52
$ 19.75
10.54
16.59
12.24
15.19
56.09
48.19
54.54
7.39
$ 20.77
$ 20.05
10.87
16.91
12.60
15.45
59.31
48.88
57.07
7.54
$ 21.01
$ 21.72
11.37
18.08
13.56
16.65
60.43
53.44
58.96
7.51
$ 22.69
$ 1.05
1.87
0.72
$ 1.18
$ 1.08
1.98
0.83
$ 1.26
$ 1.07
2.06
0.84
$ 1.26
$ 1.15
2.09
0.85
$ 1.36
$ 1.16
2.06
0.87
$ 1.38
$ 1.13
2.08
0.88
$ 1.36
$ 1.14
2.12
0.88
$ 1.36
$ 1.25
2.21
0.96
$ 1.49
2.3%
(1.9%)
0.8%
(0.6%)
0.3%
(4.0%)
(4.6%)
(0.8%)
6.3%
(0.8%)
3.7%
3.1%
3.5%
5.8%
8.7%
4.3%
1.1%
(3.4%)
(0.4%)
4.6%
1.3%
17.8%
12.8%
4.4%
1.0%
(1.9%)
–
1.7%
0.5%
22.8%
11.8%
4.5%
3.5%
1.1%
2.7%
2.8%
2.7%
19.2%
10.2%
5.7%
3.6%
3.3%
3.5%
0.8%
2.6%
10.6%
4.7%
4.0%
2.4%
5.0%
3.2%
0.3%
2.2%
5.3%
6.3%
3.0%
0.2%
(0.9%)
(0.2%)
(1.2%)
(0.5%)
5.9%
15.5%
2.0%
(22.2%)
(22.3%)
(22.2%)
(21.1%)
(21.9%)
(22.0%)
(21.2%)
(21.9%)
(15.3%)
(18.7%)
(16.1%)
(15.4%)
(15.9%)
(8.7%)
(4.4%)
(12.7%)
0.2%
(6.1%)
(1.3%)
1.5%
(0.5%)
16.0%
21.4%
6.1%
11.4%
4.5%
9.8%
10.7%
10.0%
32.4%
25.8%
18.9%
12.0%
5.9%
10.6%
10.0%
10.4%
23.8%
10.4%
15.7%
8.5%
5.3%
7.8%
6.4%
7.4%
14.0%
9.3%
10.2%
7.1%
6.3%
6.9%
7.4%
7.1%
12.9%
11.3%
9.5%
10.0%
5.9%
9.0%
9.7%
9.2%
14.6%
20.5%
11.8%
Avg. Daily Freight Pounds (000s):
U.S.
International Priority
International Airfreight
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
1
International Domestic
Total Composite Package Yield
Revenue Per Freight Pound:
U.S.
International Priority
International Airfreight
Total Composite Freight Yield
PACKAGE YOY GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
Total International Export Packages
International Domestic1
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
Total International Export Packages
1
International Domestic
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
7.2
7.6
7.5
7.6
7.7
7.9
7.8
8.6
$ 2.61
$ 2.58
$ 2.63
$ 2.72
$ 2.66
$ 2.63
$ 2.69
$ 2.64
65
63
62
65
65
63
62
65
1 - International domestic statistics represent our international intra-country express operations, including an acquisition in India in February 2011.
Unaudited. Differences may result due to rounding.
14 / Q4 FY14 Stat Book
FedEx Express
Quarterly Shipment Statistics
FY 2012 - FY2013
FY 2012
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FY 2013
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Avg Daily Packages
1,134
596
1,730
829
2,559
417
126
543
445
3,547
1,168
582
1,750
838
2,588
431
138
569
529
3,686
1,171
581
1,752
923
2,675
413
139
552
508
3,735
1,113
584
1,697
793
2,490
425
148
573
498
3,561
1,092
575
1,667
762
2,429
408
143
551
681
3,661
1,141
564
1,705
828
2,533
445
157
602
884
4,019
1,176
569
1,745
944
2,689
420
155
575
781
4,045
1,131
586
1,717
811
2,528
415
164
579
796
3,903
6,969
3,132
1,165
11,266
7,630
3,451
1,213
12,294
8,104
3,257
1,169
12,530
7,270
3,373
1,138
11,781
7,077
3,184
1,104
11,365
7,719
3,212
1,166
12,097
8,324
2,894
1,035
12,253
7,363
2,899
961
11,223
$ 22.24
11.64
18.59
13.57
16.97
64.82
53.91
62.30
7.16
$ 22.67
$ 22.05
11.48
18.54
13.84
17.01
62.98
52.99
60.56
6.51
$ 22.23
$ 21.93
11.65
18.53
13.62
16.83
62.49
51.74
59.78
6.57
$ 21.79
$ 23.01
11.81
19.15
14.49
17.67
63.54
52.54
60.71
6.78
$ 23.07
$ 22.59
11.51
18.77
14.17
17.33
62.68
52.17
59.94
7.00
$ 21.82
$ 22.39
11.51
18.79
14.04
17.24
59.91
51.97
57.84
6.88
$ 21.04
$ 22.08
11.69
18.69
13.87
17.00
60.25
51.03
57.76
7.06
$ 20.87
$ 22.99
11.91
19.21
14.67
17.76
62.32
51.90
59.37
7.02
$ 21.74
$ 1.31
2.21
1.02
$ 1.53
$ 1.31
2.16
0.97
$ 1.51
$ 1.27
2.16
1.04
$ 1.48
$ 1.34
2.12
1.07
$ 1.54
$ 1.33
2.12
1.03
$ 1.52
$ 1.32
2.21
1.05
$ 1.53
$ 1.30
2.14
0.99
$ 1.47
$ 1.33
2.18
0.97
$ 1.52
(2.9%)
(4.5%)
(3.5%)
(2.0%)
(3.0%)
(9.7%)
21.2%
(4.1%)
37.8%
0.6%
(2.3%)
(7.0%)
(4.0%)
(3.1%)
(3.7%)
(8.3%)
20.0%
(2.7%)
49.4%
1.7%
(3.9%)
(7.9%)
(5.2%)
(3.0%)
(4.5%)
(5.7%)
15.8%
(1.1%)
50.7%
1.1%
(3.9%)
(6.7%)
(4.9%)
(4.8%)
(4.9%)
(9.2%)
18.4%
(3.4%)
33.5%
(0.6%)
(3.7%)
(3.5%)
(3.6%)
(8.1%)
(5.1%)
(2.2%)
13.5%
1.5%
53.0%
3.2%
(2.3%)
(3.1%)
(2.6%)
(1.2%)
(2.1%)
3.2%
13.8%
5.8%
67.1%
9.0%
0.4%
(2.1%)
(0.4%)
2.3%
0.5%
1.7%
11.5%
4.2%
53.7%
8.3%
1.6%
0.3%
1.2%
2.3%
1.5%
(2.4%)
10.8%
1.0%
59.8%
9.6%
10.0%
4.4%
8.7%
10.6%
9.2%
6.4%
37.0%
11.3%
39.9%
11.1%
9.0%
1.2%
7.3%
9.8%
7.9%
3.1%
31.4%
8.1%
31.5%
8.8%
6.9%
0.2%
5.5%
6.6%
5.8%
0.9%
24.7%
5.3%
32.9%
6.5%
1.8%
(3.0%)
0.8%
1.6%
1.0%
(4.5%)
16.7%
(0.5%)
20.3%
1.0%
(2.2%)
(4.7%)
(2.7%)
(4.0%)
(3.0%)
(5.5%)
10.4%
(2.3%)
49.3%
(0.7%)
(0.9%)
(2.9%)
(1.3%)
0.1%
(0.9%)
(1.9%)
11.7%
1.0%
77.0%
3.2%
(0.6%)
(3.1%)
(1.1%)
2.5%
(0.1%)
(3.6%)
8.1%
(1.0%)
62.9%
2.1%
1.6%
0.9%
1.5%
3.6%
2.0%
(4.3%)
9.9%
(1.2%)
65.8%
3.3%
Avg. Daily Freight Pounds (000s):
U.S.
International Priority
International Airfreight
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Composite Package Yield
Revenue Per Freight Pound:
U.S.
International Priority
International Airfreight
Total Composite Freight Yield
PACKAGE YOY GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
8.6
9.1
8.7
8.8
9.9
10.7
10.0
10.4
$ 2.64
$ 2.44
$ 2.50
$ 2.62
$ 2.20
$ 1.97
$ 2.09
$ 2.09
65
63
63
65
65
63
62
65
1 - International domestic statistics represent our international intra-country express operations, including acquisitions in Mexico (July 2011), Poland (June 2012), France (July 2012) and
Brazil (July 2012).
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
15
FedEx Express
Quarterly Shipment Statistics
FY 2014 - FY2015
FY 2014
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FY 2015
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Avg Daily Packages
1,112
563
1,675
790
2,465
406
165
571
789
3,825
1,146
535
1,681
841
2,522
421
172
593
896
4,011
1,202
515
1,717
984
2,701
399
168
567
780
4,048
1,195
539
1,734
864
2,598
416
173
589
813
4,000
7,423
2,862
850
11,135
7,872
3,068
907
11,847
8,263
2,823
757
11,843
7,865
2,936
677
11,478
$ 22.27
11.61
18.68
14.42
17.32
60.65
50.41
57.70
6.84
$ 21.18
$ 22.50
11.84
19.11
14.55
17.59
61.87
52.27
59.08
6.82
$ 21.32
$ 21.70
12.09
18.82
14.01
17.07
61.38
51.01
58.30
7.05
$ 20.91
$ 22.26
12.36
19.18
14.81
17.73
63.57
53.21
60.52
7.10
$ 21.87
$ 1.31
2.12
0.99
$ 1.50
$ 1.18
2.16
0.97
$ 1.42
$ 1.11
2.13
1.00
$ 1.35
$ 1.13
2.18
1.12
$ 1.40
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Package Volume Growth
Revenue Growth:
1.8%
(2.1%)
0.5%
3.7%
1.5%
(0.5%)
15.4%
3.6%
15.9%
4.5%
0.4%
(5.1%)
(1.4%)
1.6%
(0.4%)
(5.4%)
9.6%
(1.5%)
1.4%
(0.2%)
2.2%
(9.5%)
(1.6%)
4.2%
0.4%
(5.0%)
8.4%
(1.4%)
(0.1%)
0.1%
5.7%
(8.0%)
1.0%
6.5%
2.8%
0.2%
5.5%
1.7%
2.1%
2.5%
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Package Revenue Growth
(1.2%)
(2.6%)
(1.5%)
3.8%
(0.1%)
(5.1%)
9.2%
(1.9%)
11.7%
(0.2%)
1.0%
(2.7%)
0.2%
5.3%
1.6%
(2.1%)
10.3%
0.8%
0.3%
1.2%
2.1%
(4.8%)
0.7%
7.0%
2.5%
(1.6%)
10.0%
1.2%
1.5%
1.9%
0.7%
(6.0%)
(0.7%)
5.8%
1.0%
0.7%
6.5%
2.1%
1.7%
1.5%
Avg. Daily Freight Pounds (000s):
U.S.
International Priority
International Airfreight
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Packages
International Domestic1
Total Composite Package Yield
Revenue Per Freight Pound:
U.S.
International Priority
International Airfreight
Total Composite Freight Yield
PACKAGE YOY GROWTH RATES
Average Daily Volume Growth:
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
10.5
11.0
10.3
10.5
$ 2.02
$ 1.94
$ 2.03
$ 2.08
64
63
63
64
64
1 - International domestic statistics represent our international intra-country express operations including acquisitions in Southern Africa (May 2014)
Unaudited. Differences may result due to rounding.
16 / Q4 FY14 Stat Book
63
63
64
FedEx Express
Aircraft and Vehicle Fleet Statistics
FY 2010 – FY 2020
Aircraft Type
Gross Max
Structural Payload
(Lbs/Aircraft)
2010
May 31
2011 2012 2013
2014
To Be Delivered (Retired/Lease
Expiration) in FY
2015 2016 2017 2018 2019 2020
Boeing 727-200
59,300
77
67
41
14
–
–
–
–
–
–
–
Boeing 757-2001,2
63,000
36
58
73
89
106
13
–
–
–
–
–
Boeing 767F3
127,100
–
–
–
–
4
12
11
11
10
4
–
Boeing DC10-30
175,900
2
–
–
–
–
–
–
–
–
–
–
Boeing MD10-10
137,500
58
58
52
47
45
(12)
(11)
–
(5)
(4)
(5)
Boeing MD10-30
175,900
15
17
17
17
16
(6)
(5)
–
(1)
–
–
Boeing MD11
192,600
59
64
64
64
64
(1)
(1)
(8)
(4)
(2)
(2)
Boeing 777F4
233,300
6
12
19
23
25
–
2
–
2
2
3
Airbus A300-600
106,600
71
71
71
71
71
–
–
–
(1)
(5)
(8)
83,170
53
53
35
30
29
(4)
(11)
–
–
–
–
Cessna 208A
2,250
10
–
–
–
–
–
–
–
–
–
–
Cessna 208B
2,830
241
241
241
245
243
–
–
–
–
–
–
ATR-72
17,970
13
21
21
21
21
–
–
–
–
–
–
ATR-42
12,070
26
26
26
26
26
–
–
–
–
–
–
667
688
660
647
650
2
(15)
3
1
(5)
(12)
Long-Haul Tractors
All Other Motorized Vehicles
2.8
38.5
2.7
39.4
3.0
42.3
3.3
44.2
3.2
45.1
Vehicle Fleet Total
41.3
42.1
45.3
47.5
48.3
Airbus A310-200/300
Aircraft Fleet Total
Vehicle Fleet (000s)
NOTE: Aircraft fleet delivery schedule is subject to change.
1 - May 31, 2014 B757 count includes 18 aircraft that are not currently in operation, 6 of which are in the modification process and 12 of which are awaiting
modification.
2 - As of May 31, 2014, we are committed to purchase 13 B757-200s.
3 - As of May 31, 2014, we are committed to purchase 48 B767Fs.
4 - As of May 31, 2014, we are committed to purchase 18 B777Fs.
Q4 FY14 Stat Book /
17
FedEx Express
Jet Fuel Statistics
FY 2010 – FY 2014
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2011
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Jet Fuel Gallons (000s)
261,655
271,153
275,746
281,865
295,682
299,748
302,586
Price Per Gallon
$ 1.911
$ 2.081
$ 2.227
$ 2.357
$ 2.274
$ 2.392
$ 2.646
$ 3.339
$ 499,895
$ 564,146
$ 613,991
$ 664,307
$ 672,305
$ 716,961
$ 800,773
$ 987,673
FY 2012
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2013
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Jet Fuel Expense ($000s)
FIRST
QUARTER
295,781
Jet Fuel Gallons (000s)
292,549
289,106
297,308
289,473
286,406
286,225
289,975
281,675
Price Per Gallon
$ 3.300
$ 3.230
$ 3.259
$ 3.451
$ 3.070
$ 3.358
$ 3.280
$ 3.163
$ 965,486
$ 933,674
$ 968,833
$ 998,966
$ 879,177
$ 961,200
$ 951,223
$ 890,915
FY 2014
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Jet Fuel Expense ($000s)
FIRST
QUARTER
Jet Fuel Gallons (000s)
Price Per Gallon
Jet Fuel Expense ($000s)
277,808
277,833
/ Q4 FY14 Stat Book
281,287
$ 3.055
$ 3.161
$ 3.159
$ 3.125
$ 848,598
$ 878,145
$ 899,647
$ 879,142
Unaudited. Differences may result due to rounding.
18
284,827
FedEx Ground Segment
Annual Consolidated Statements of Income
FY 2010 – FY 2014
Years ended May 31
In millions
Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges1
Other2
Operating Income
FY 2013
FY 2014
FY 2010
FY 2011
FY 2012
$ 6,958
481
7,439
$ 7,855
630
8,485
$ 8,791
782
9,573
$ 9,652
926
10,578
$ 10,634
983
11,617
1,158
2,966
244
334
8
166
795
744
6,415
1,282
3,431
263
337
12
169
897
769
7,160
1,451
3,762
284
389
14
176
978
755
7,809
1,586
4,191
331
434
17
190
1,148
893
8,790
1,756
4,635
402
468
17
222
1,154
1,008
9,662
$ 1,024
$ 1,325
$ 1,764
$ 1,788
$ 1,955
13.8%
15.6%
18.4%
16.9%
16.8%
SELECTED STATISTICS
Operating Margin
1 - FY13 includes allocations of $105 million for business realignment costs.
2 - Includes predominantly costs associated with outside service contracts (such as security and facility services), insurance and professional fees.
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
19
FedEx Ground Segment
Quarterly Consolidated Statements of Income
FY 2010 – FY 2011
Years ended May 31
In millions
FIRST
QUARTER
Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other1
Operating Income
FY 2010
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2011
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
$ 1,637
93
1,730
$ 1,712
125
1,837
$ 1,768
142
1,910
$ 1,840
122
1,962
$ 1,839
122
1,961
$ 1,916
161
2,077
$ 2,001
183
2,184
$ 2,099
164
2,263
282
693
58
85
1
38
184
180
1,521
288
733
63
83
2
40
196
194
1,599
289
771
63
83
3
41
207
195
1,652
299
769
60
83
2
47
208
175
1,643
307
782
62
82
1
44
221
175
1,674
318
845
67
83
3
42
227
196
1,781
329
911
68
84
5
40
221
201
1,859
328
893
66
88
3
43
228
197
1,846
$ 209
$ 238
$ 258
$ 319
$ 287
$ 296
$ 325
$ 417
12.1%
13.0%
13.5%
16.3%
14.6%
14.3%
14.9%
18.4%
SELECTED STATISTICS
Operating Margin
1 - Includes predominantly costs associated with outside service contracts (such as security and facility services), insurance and professional fees.
Unaudited. Differences may result due to rounding.
20
/ Q4 FY14 Stat Book
FedEx Ground Segment
Quarterly Consolidated Statements of Income
FY 2012 – FY 2013
Years ended May 31
In millions
FIRST
QUARTER
Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges 1
Other2
Operating Income
FY 2012
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2013
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
$ 2,116
162
2,278
$ 2,143
196
2,339
$ 2,259
221
2,480
$ 2,273
203
2,476
$ 2,273
189
2,462
$ 2,359
234
2,593
$ 2,480
267
2,747
$ 2,540
236
2,776
351
886
66
93
2
44
241
188
1,871
362
933
72
94
5
43
245
187
1,941
369
995
74
102
4
43
246
182
2,015
369
948
72
100
3
46
246
198
1,982
377
946
74
103
3
46
262
206
2,017
396
1,057
85
110
4
46
262
221
2,181
405
1,121
86
111
6
48
270
233
2,280
408
1,067
86
110
4
50
354
233
2,312
$ 407
$ 398
$ 465
$ 494
$ 445
$ 412
$ 467
$ 464
17.9%
17.0%
18.8%
20.0%
18.1%
15.9%
17.0%
16.7%
SELECTED STATISTICS
Operating Margin
1 - FY13 includes allocations of $9 million in Q3 and $93 million in Q4 for business realignment costs.
2 - Includes predominantly costs associated with outside service contracts (such as security and facility services), insurance and professional fees.
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
21
FedEx Ground Segment
Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions
FIRST
QUARTER
Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other1
Operating Income
FY 2014
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
$ 2,506
224
2,730
$ 2,601
248
2,849
$ 2,751
280
3,031
$ 2,776
231
3,007
414
1,064
92
111
3
53
285
240
2,262
445
1,159
102
118
4
56
292
249
2,425
460
1,253
105
121
7
57
287
264
2,554
437
1,159
103
118
3
56
290
255
2,421
$ 468
$ 424
$ 477
$ 586
17.1%
14.9%
15.7%
19.5%
SELECTED STATISTICS
Operating Margin
1 - Includes predominantly costs associated with outside service contracts (such as security and facility services), insurance and professional fees.
Unaudited. Differences may result due to rounding.
22 / Q4 FY14 Stat Book
FedEx Ground Segment
Annual Shipment Statistics
FY 2010 – FY 2014
FedEx Ground
Total Package Volume (000s)
Average Daily Package Volume (000s)
Yield (Revenue Per Package)
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
898,464
3,523
$ 7.73
958,962
3,746
$ 8.17
1,000,099
3,907
$ 8.77
1,076,709
4,222
$ 8.94
1,165,217
4,588
$ 9.10
Average Daily YOY Volume Growth Rate
3.5%
6.3%
4.3%
8.1%
8.7%
OPERATING WEEKDAYS
255
256
256
255
254
309,282
1,222
$ 1.56
366,647
1,432
$ 1.72
433,042
1,692
$ 1.81
522,726
2,058
$ 1.77
550,745
2,186
$ 1.78
FedEx SmartPost
Total Package Volume (000s)
Average Daily Package Volume (000s)
Yield (Revenue Per Package)
Average Daily YOY Volume Growth Rate
OPERATING WEEKDAYS
47.8%
17.2%
18.2%
21.6%
6.2%
253
256
256
254
252
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
23
FedEx Ground Segment
Quarterly Shipment Statistics
FY 2010 – FY 2015
FY 2010
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
Avg. Daily YOY Pkg. Growth Rate
215,200
3,311
$ 7.60
(0.8%)
Avg. Daily YOY Pkg. Growth Rate
229,683
3,534
$ 7.99
242,127
3,843
$ 7.89
244,585
3,882
$ 8.16
242,566
3,732
$ 8.64
6.6%
6.7%
6.7%
5.7%
6.1%
62
65
65
63
63
65
65,554
1,009
$ 1.41
79,676
1,265
$ 1.57
89,312
1,489
$ 1.59
74,740
1,150
$ 1.63
72,570
1,100
$ 1.68
93,504
1,484
$ 1.72
107,613
1,736
$ 1.70
92,960
1,430
$ 1.76
OPERATING WEEKDAYS
65
62.8%
63
4.6%
228,524
3,516
$ 8.04
63
72.8%
3.7%
227,797
3,674
$ 7.75
65
OPERATING WEEKDAYS
FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
226,943
3,602
$ 7.54
46.0%
60
23.1%
65
FY 2012
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
Avg. Daily YOY Pkg. Growth Rate
Avg. Daily YOY Pkg. Growth Rate
65
FY 2013
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
253,387
3,898
$ 8.94
269,807
4,283
$ 8.72
277,538
4,476
$ 8.92
275,977
4,246
$ 9.19
5.3%
3.5%
4.9%
3.5%
4.7%
7.6%
9.9%
10.0%
65
63
63
65
65
63
62
65
91,954
1,415
$ 1.76
109,452
1,737
$ 1.79
123,498
1,960
$ 1.79
108,137
1,664
$ 1.88
108,156
1,664
$ 1.75
128,411
2,038
$ 1.82
151,099
2,477
$ 1.77
135,061
2,078
$ 1.74
28.6%
65
17.0%
63
12.9%
63
16.4%
65
276,051
4,313
$ 9.05
10.6%
291,488
4,627
$ 8.90
8.0%
303,498
4,817
$ 9.04
7.6%
294,180
4,597
$ 9.41
8.3%
64
63
63
64
133,875
2,092
$ 1.67
139,739
2,218
$ 1.77
154,282
2,529
$ 1.82
122,849
1,920
$ 1.88
25.7%
64
Unaudited. Differences may result due to rounding.
24 / Q4 FY14 Stat Book
62
24.3%
250,981
3,861
$ 9.03
OPERATING WEEKDAYS
Avg. Daily YOY Pkg. Growth Rate
OPERATING WEEKDAYS
63
16.6%
256,505
4,072
$ 8.79
FY 2014
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
66
17.4%
250,675
3,979
$ 8.53
OPERATING WEEKDAYS
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
Avg. Daily YOY Pkg. Growth Rate
9.0%
241,938
3,722
$ 8.73
OPERATING WEEKDAYS
FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
FY 2011
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
8.8%
63
2.1%
61
-7.6%
64
17.6%
65
17.3%
63
26.4%
61
24.9%
65
FY 2015
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
64
63
63
64
64
63
61
64
FedEx Freight Segment
Annual Consolidated Statements of Income
FY 2010 – FY 2014
Years ended May 31
In millions
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and other charges 1
Intercompany charges2
Other3
Operating Income (Loss)
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
$ 4,321
$ 4,911
$ 5,282
$ 5,401
$ 5,757
2,128
690
116
198
445
148
18
351
380
4,474
2,303
779
122
205
585
182
89
427
394
5,086
2,316
851
114
185
636
192
–
433
393
5,120
2,342
865
118
217
598
191
3
484
375
5,193
2,444
981
131
231
595
179
–
461
416
5,438
($153)
($175)
$ 162
$ 208
$ 319
(3.5%)
(3.6%)
3.1%
3.9%
5.5%
SELECTED STATISTICS
Operating Margin
1 - FY11 includes $133 million in costs related to the combination of the FedEx Freight and FedEx National LTL operations. FY13 includes severance costs
associated with our voluntary buyout program.
2 - FY13 includes allocations of $47 million for business realignment costs.
3 - Includes predominantly costs associated with insurance, professional fees and outside service contracts (such as security and facility services).
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
25
FedEx Freight Segment
Quarterly Consolidated Statements of Income
FY 2010 – FY 2011
Years ended May 31
In millions
FIRST
QUARTER
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
1
Impairment and other charges
Intercompany charges
2
Other
Operating Income (Loss)
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2011
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$ 982
$ 1,068
$ 1,040
$ 1,231
$ 1,258
$ 1,221
$ 1,123
$ 1,309
507
118
29
55
94
34
–
52
91
980
513
168
27
46
104
35
–
98
89
1,080
532
191
29
49
112
36
–
99
99
1,147
576
213
31
48
135
43
18
102
101
1,267
600
204
34
48
131
46
–
109
102
1,274
584
185
31
62
133
45
67
108
97
1,312
562
178
29
48
145
44
21
106
100
1,233
557
212
28
47
176
47
1
104
95
1,267
$2
($12)
($107)
($36)
($16)
($91)
($110)
$ 42
0.2%
(1.1%)
(10.3%)
(2.9%)
(1.3%)
(7.5%)
(9.8%)
3.2%
SELECTED STATISTICS
Operating Margin
1 - Q2, Q3 and Q4 FY11 include $133 million in costs related to the combination of the FedEx Freight and FedEx National LTL operations.
2 - Includes predominantly costs associated with insurance, professional fees and outside service contracts (such as security and facility services).
Unaudited. Differences may result due to rounding.
26 / Q4 FY14 Stat Book
FedEx Freight Segment
Quarterly Consolidated Statements of Income
FY 2012 – FY 2013
Years ended May 31
In millions
FIRST
QUARTER
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment
1
and other charges
Intercompany charges2
Other3
Operating Income (Loss)
FY 2012
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2013
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$ 1,328
$ 1,325
$ 1,234
$ 1,395
$ 1,399
$ 1,377
$ 1,237
$ 1,388
578
207
28
44
165
50
577
221
29
44
156
48
566
201
29
47
149
45
595
222
28
50
166
49
599
226
29
53
148
48
589
224
29
52
157
49
562
197
30
55
142
45
592
218
30
57
151
49
–
109
105
1,286
–
108
102
1,285
–
107
91
1,235
–
109
95
1,314
–
111
95
1,309
–
110
91
1,301
1
109
92
1,233
2
154
97
1,350
$ 42
$ 40
($1)
$ 81
$ 90
$ 76
$4
$ 38
3.2%
3.0%
(0.1%)
5.8%
6.4%
5.5%
0.3%
2.7%
SELECTED STATISTICS
Operating Margin
1 - FY13 includes severance costs associated with our voluntary buyout program.
2 - FY13 includes allocations of $4 million in Q3 and $41 million in Q4 for business realignment costs.
3 - Includes predominantly costs associated with insurance, professional fees and outside service contracts (such as security and facility services).
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
27
FedEx Freight Segment
Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions
FIRST
QUARTER
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
1
Other
Operating Income
FY 2014
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$ 1,424
$ 1,434
$ 1,347
$ 1,552
598
234
32
57
145
46
121
100
1,333
611
250
31
57
145
46
117
100
1,357
598
231
31
58
146
42
111
101
1,318
637
266
37
59
159
45
112
115
1,430
$ 91
$ 77
$ 29
$ 122
6.4%
5.4%
2.2%
7.9%
SELECTED STATISTICS
Operating Margin
1 - Includes predominantly costs associated with insurance, professional fees and outside service contracts (such as security and facility services).
Unaudited. Differences may result due to rounding.
28 / Q4 FY14 Stat Book
FedEx Freight
Annual LTL Shipment Statistics
FY 2010 – FY 2014
FY 2010
Shipments Per Day
Priority
Economy
Total shipments per day
Weight Per LTL Shipment (lbs)
Priority
Economy
Composite Weight per LTL Shipment
LTL Revenue/CWT
Priority
Economy
Composite LTL Revenue/CWT
82,290
1,134
$ 17.07
FY 2011
FY 2012
FY 2013
FY 2014
85,980
60,345
24,511
84,856
59,280
26,370
85,650
62,868
27,687
90,555
1,144
1,202
1,045
1,156
1,237
990
1,161
1,262
1,000
1,182
$ 18.24
$ 18.02
23.96
$ 19.57
$ 17.80
25.90
$ 19.94
$ 17.73
25.80
$ 19.82
$ 216.47
250.30
$ 226.24
$ 220.32
256.38
$ 231.52
$ 223.61
258.05
$ 234.23
LTL Revenue/Shipment
Priority
Economy
Composite LTL Revenue/Shipment
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS
10.6%
4.5%
253
254
N/A
N/A
(1.3%)
255
(1.8%)
7.6%
0.9%
253
6.1%
5.0%
5.7%
252
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
29
FedEx Freight
Quarterly LTL Shipment Statistics
FY 2010 – FY 2013
FY 2010
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Priority
Economy
Total shipments per day
Weight Per Shipment (lbs)
Priority
Economy
Composite weight per shipment
LTL Revenue/CWT
Priority
Economy
Composite LTL Revenue/CWT
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS
71,384
1,109
$ 17.87
(13.7%)
65
82,928
1,128
$ 17.09
83,426
1,133
$ 16.82
91,523
1,160
$ 16.69
Weight Per LTL Shipment (lbs)
Priority
Economy
Composite Weight per LTL Shipment
LTL Revenue/CWT
Priority
Economy
Composite LTL Revenue/CWT
LTL Revenue/Shipment
Priority
Economy
Composite LTL Revenue/Shipment
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS
Unaudited. Differences may result due to rounding.
30
/ Q4 FY14 Stat Book
91,791
1,134
$ 17.32
89,371
1,115
$ 18.27
3.3%
26.4%
33.7%
28.6%
7.8%
62
61
65
65
62
FY 2012
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Priority
Economy
Total shipments per day
FY 2011
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
78,294
60,866
23,399
84,265
1,151
1,208
1,093
1,177
$ 18.66
$ 17.43
22.85
$ 18.83
(6.2%)
62
N/A
N/A
(7.9%)
65
FY 2013
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
61,221
23,734
84,955
62,113
24,674
86,787
56,427
23,343
79,770
61,580
26,263
87,843
61,415
26,578
87,993
61,534
26,818
88,352
55,236
25,227
80,463
58,788
26,808
85,596
1,186
1,082
1,157
1,184
1,057
1,147
1,212
1,025
1,157
1,225
1,018
1,163
1,215
999
1,150
1,215
989
1,146
1,250
989
1,168
1,272
981
1,181
$ 17.94
23.13
$ 19.29
$ 18.39
23.75
$ 19.79
$ 18.10
24.28
$ 19.70
$ 17.67
24.67
$ 19.50
$ 17.73
25.33
$ 19.72
$ 18.15
26.29
$ 20.28
$ 17.87
26.17
$ 20.10
$ 17.50
25.87
$ 19.68
$ 212.75
250.18
$ 223.20
$ 217.66
250.98
$ 227.13
$ 219.38
248.85
$ 228.01
$ 216.46
251.05
$ 226.80
$ 215.44
253.14
$ 226.83
$ 220.38
259.98
$ 232.49
$ 223.34
258.95
$ 234.84
$ 222.69
253.87
$ 232.45
1.2%
12.2%
4.2%
0.3%
12.0%
3.6%
65
65
N/A
N/A
(7.4%)
65
N/A
N/A
(2.9%)
62
N/A
N/A
1.9%
63
(0.9%)
8.7%
1.8%
62
(2.1%)
8.1%
0.9%
61
(4.5%)
2.1%
(2.6%)
65
FedEx Freight
Quarterly LTL Shipment Statistics
FY 2014 – FY 2015
FY 2014
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Priority
Economy
Total shipments per day
Weight Per LTL Shipment (lbs)
Priority
Economy
Composite Weight per LTL Shipment
LTL Revenue/CWT
Priority
Economy
Composite LTL Revenue/CWT
LTL Revenue/Shipment
Priority
Economy
Composite LTL Revenue/Shipment
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS
61,044
27,643
88,687
63,830
28,085
91,915
59,491
26,281
85,772
67,031
28,708
95,739
1,244
993
1,166
1,241
992
1,165
1,280
1,002
1,195
1,280
1,013
1,200
$ 17.88
25.84
$ 19.99
$ 17.89
25.92
$ 19.98
$ 17.54
25.71
$ 19.67
$ 17.60
25.73
$ 19.66
$ 222.45
256.47
$ 233.05
$ 221.99
257.15
$ 232.73
$ 224.63
257.74
$ 235.14
$ 225.29
260.71
$ 235.91
3.7%
4.7%
4.0%
7.7%
4.2%
6.6%
14.0%
7.1%
11.8%
62
62
64
(0.6%)
4.0%
0.8%
64
FY 2015
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
64
62
62
64
Unaudited. Differences may result due to rounding.
Q4 FY14 Stat Book /
31