Rubin Beck
Mission Statement
“FedEx will produce superior financial
returns for shareowners by providing high
value-added supply chain, transportation,
business and related information services
through focused operating companies
competing collectively, and managed
collaboratively, under the respected FedEx
brand.”
FedEx Trading History
FedEx originated in 1913 by C.J. Tower &
Sons in Niagara Falls, N.Y.
McGraw-Hill purchased FedEx in 1986.
C.J. Tower & Sons became Tower Group
International Inc.
Growth throughout time
FedEx did not establish a profit until
July 1975.
FedEx played a key role in preventing
air cargo deregulation.
FedEx began to see profits in the mid
1980’s.
FedEx was the first company to reach
a $1 billion dollar revenue within ten
years of forming the company.
First done by FedEx
First company to offer overnight delivery.
First to offer next day delivery.
First to make deliveries on Saturday.
First company to be able to offer an exact
time for freight delivery.
First company to offer a refund.
FedEx History
In 1994 Federal Express shortened its
company name to FedEx.
In 2000 the company changed the name
once more to FedEx Express.
In 1990 FedEx was the first company to
win the Malcolm Baldrige National Quality
Award.
Today FedEx ships more than 2.4 million
packages a day.
FedEx History
The company was formed in 1971 and
opened for business on April 17, 1971.
The company used 14 small planes to
transport packages to the Memphis
airport.
That night they delivered 186 packages
to about 25 cities.
Current Event
In the year 2004 FedEx has made over
$25 billion through Anchorage Hub.
FedEx has increased its business in
China over 50% in the past year.
FedEx’s stock has doubled in the last
year because of the large Asian market
FedEx is one of the leading competitors
in transporting Asian Cargo.
Current Event
The main concern FedEx faced in 2001 was
expanding its company.
In 2001 after UPS purchased Mail Box Etc.,
FedEx decided to purchase Kinko's.
FedEx has sent its employees to over
700,000 hours of training Kinko's staff.
FedEx hopes this new campaign will be
worth the $20 million spent to revamp this
company.
Income Statement
Income
Statement
Revenue
C ost of Goods
Sold
Gross Profit
Gross Profit
Margin
SG&A Expense
Depreciation &
Amortization
Operating
Income
Operating Margin
Nonoperating
Income
Nonoperating
Expenses
Income Before
Taxes
Income Taxes
Net Income After
Taxes
C ontinuing
Operations
Discontinued
Operations
Total Operations
Total Net Income
May 04
May 03
24,710.00 22,487.00
10,732.00
9,887.00
13,978.00 12,600.00
56.60%
56.00%
10,728.00
9,778.00
1,375.00
1,351.00
1,875.00
1,471.00
7.60%
6.50%
15
-15
136
118
1,319.00
1,338.00
481
508
838
830
838
830
0
0
838
830
838
830
Balance Sheet
Balance Sheet
May 04
May 03
Assets
C urrent Assets
C ash
1,046.00
538
Net Receivables
3,027.00
2,627.00
Inventories
249
228
Other C urrent Assets
Total C urrent
Assets
Net Fixed Assets
Other Noncurrent
Assets
Total Assets
648
548
4,970.00
3,941.00
9,037.00
8,700.00
5,127.00
2,744.00
19,134.00 15,385.00
Liabilities and
Shareholders'
Equity
C urrent Liabilities
Accounts Payable
1,615.00
1,168.00
Short-Term Debt
Other C urrent
Liabilities
Total C urrent
Liabilities
Long-Term Debt
Other Noncurrent
Liabilities
Total Liabilities
750
308
2,367.00
1,859.00
4,732.00
3,335.00
2,837.00
1,709.00
Shareholders' Equity
Preferred Stock
Equity
C ommon Stock
Equity
Total Equity
2,348.00
2,171.00
11,098.00
8,097.00
0
0
8,036.00
7,288.00
8,036.00
7,288.00
Annual Stock Chart
Bibliography
Annual Stock Chart. (2004). Retrieved October 28,
2004 from
http://premium.hoovers.com/subscribe/co/fin/stockchart.x
html?ID=10552&ticker=FDX&type=year
FedEx Corporate History. (2004). Retrieved October
28, 2004 from
http://www.fedex.com/us/about/today/history/
FedEx Historical Timeline. (2004). Retrieved October
28, 2004 from
http://fedex.com/us/about/today/history/timeline.html?link
=4
Bibliography
Mission Statement. (2004) Retrieved November
9, 2004 from
http://www.fedex.com/us/about/today/mission.ht
ml?link=2
History. (2004) Retrieved November 9, 2004
from
http://www.fedex.com/us/about/today/history/?lin
k=2
Current Event. (2004) Retrieved November 10,
2004 from http://chiron.gsu.edu/cgibin/homepage.cgi?style=&_id=a8128c7d1101229696-0495&_cc=1
Bibliography
Video.(2004) Retrieved November 10,
2004 from
http://www.gotoslawek.org/movies_e.html
Sound, Space mountain.(2004) Retrieved
November 10, 2004 from
http://www.michaelpeterson.net/SpaceMou
ntain.htm