Federal Express 1998 Annual Report Download - page 28

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P26 FDX CORPORATION
FINANCIAL HIGHLIGHTS
Years ended May 31
In thousands, except earnings per share
and Other Operating Data 1998 1997 Percent Change
OPERATING RESULTS
Revenues $15,872,810 $14,237,892 + 11
Operating income 1,010,660 507,002 + 99
Income from continuing operations before income taxes 899,518 425,865 +111
Net income 503,030 196,104 +157
Earnings per share, assuming dilution $ 3.37 $ 1.33 +153
Average common and common equivalent shares 149,204 147,228 + 1
FINANCIAL POSITION
Property and equipment, net $ 5,935,050 $ 5,470,399 + 8
Total assets 9,686,060 9,044,316 + 7
Long-term debt, less current portion 1,385,180 1,597,954 – 13
Common stockholders’ investment 3,961,230 3,501,161 + 13
OTHER OPERATING DATA
FedEx
Express package:
Average daily package volume 3,025,999 2,715,894 + 11
Average pounds per package 8.5 7.2 + 18
Average revenue per pound $ 1.84 $ 2.11 – 13
Average revenue per package $ 15.69 $ 15.11 + 4
Airfreight:
Average daily pounds 2,769,922 2,542,226 + 9
Average revenue per pound $ .85 $ .94 – 10
Operating weekdays 254 254
Aircraft fleet 613 584
RPS
Average daily package volume 1,326,190 1,067,104 + 24
Average revenue per package $ 5.04 $ 4.96 + 2
Operating weekdays 256 254
Viking
Shipments per day 13,287 33,294 – 60
Average revenue per hundredweight $ 9.28 $ 9.04 + 3
Operating weekdays 256 254
Average number of employees (based on a
standard full-time workweek) 150,823 145,995 + 3
See Note 1 to Notes to Consolidated Financial Statements for a discussion of the periods presented.