Federal Express 2000 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2000 Federal Express annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

FedEx
Corp.
17
May 31
In thousands 2000 1999
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 67,959 $ 325,323
Receivables, less allowances of $85,972 and $68,305 2,547,043 2,153,166
Spare parts, supplies and fuel 255,291 291,922
Deferred incom e taxes 317,784 290,721
Prepaid expenses and other 96,667 79,896
Total current assets 3,284,744 3,141,028
PROPERTY AN D EQUIPMENT, AT COST
Flight equipment 4,960,204 4,556,747
Package handling and ground support equipm ent and vehicles 4,270,596 3,858,788
Computer and electronic equipm ent 2,416,666 2,363,637
Other 3,095,077 2,940,735
14,742,543 13,719,907
Less accumulated depreciation and amortization 7,659,016 7,160,690
N et property and equipm ent 7,083,527 6,559,217
OTHER ASSETS
Goodwill 500,547 344,002
Equipment deposits and other assets 658,293 603,964
Total other assets 1,158,840 947,966
$11,527,111 $10,648,211
LIABILITIES AND STOCKHOLDERS’ IN VESTMEN T
CURRENT LIABILITIES
Current portion of long-term debt $ 6,537 $ 14,938
Accrued salaries and em ployee benefits 755,747 740,492
Accounts payable 1,120,855 1,133,952
Accrued expenses 1,007,887 895,375
Total current liabilities 2,891,026 2,784,757
LON G-TERM DEBT, LESS CURREN T PORTION 1,776,253 1,359,668
DEFERRED IN COME TAXES 344,613 293,462
OTHER LIABILITIES 1,729,976 1,546,632
COMMITMEN TS AND CON TIN GEN CIES (Notes 6, 14 and 15)
COMMON STOCKHOLDERS’ IN VESTMEN T
Comm on stock, $.10 par value; 800,000 shares authorized;
298,573 and 297,987shares issued 29,857 29,799
Additional paid-in capital 1,079,462 1,061,312
Retained earnings 4,295,041 3,615,797
Accumulated other comprehensive incom e (36,074) (24,688)
5,368,286 4,682,220
Less treasury stock, at cost and deferred com pensation 583,043 18,528
Total comm on stockholders’ investm ent 4,785,243 4,663,692
$11,527,111 $10,648,211
The accompanying notes are an integral part of these consolidated financial statem ents.
CONSOLIDATED BALANCE SHEETS