Federal Express 2000 Annual Report Download - page 36

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34
Years ended May 31,
In thousands, except per share amounts
and Other Operating Data 2000 1999 1998 1997 1996
OPERATIN G RESULTS
Revenues $18,256,945 $16,773,470 $15,872,810 $14,237,892 $12,721,791
Operating incom e(1) 1,221,074 1,163,086 1,010,660 507,002 779,552
Income from continuing operations
before incom e taxes 1,137,740 1,061,064 899,518 425,865 702,094
Income from continuing operations 688,336 631,333 498,155 196,104 400,186
Income (loss) from
discontinued operations(2) ––4,875 –(119,614)
N et incom e(1) $ 688,336 $ 631,333 $ 503,030 $ 196,104 $ 280,572
PER SHARE DATA
Earnings (loss) per share:
Basic:
Continuing operations $ 2.36 $ 2.13 $ 1.70 $ .67 $ 1.38
Discontinued operations(2) ––.02 –(.41)
$ 2.36 $ 2.13 $ 1.72 $ .67 $ .97
Assuming dilution:
Continuing operations $ 2.32 $ 2.10 $ 1.67 $ .67 $ 1.37
Discontinued operations(2) ––.02 –(.41)
$ 2.32 $ 2.10 $ 1.69 $ .67 $ .96
Average shares of com m on stock 291,727 295,983 293,401 291,426 289,390
Average com m on and comm on
equivalent shares 296,326 300,643 298,408 294,456 291,686
Cash dividends(3) –––––
FIN AN CIAL POSITION
Property and equipment, net $ 7,083,527 $ 6,559,217 $ 5,935,050 $ 5,470,399 $ 4,973,948
Total assets 11,527,111 10,648,211 9,686,060 9,044,316 8,088,241
Long-term debt, less current portion 1,776,253 1,359,668 1,385,180 1,597,954 1,325,277
Comm on stockholders’ investm ent 4,785,243 4,663,692 3,961,230 3,501,161 3,312,440
OTHER OPERATIN G DATA
FedEx Express:
Operating weekdays 257 256 254 254 256
Aircraft fleet 663 634 613 584 557
FedEx Ground:
Operating weekdays 254 253 256 254 252
Average full-tim e
equivalent employees 163,324 156,386 150,823 145,995
(1) In connection with its restructuring, Viking recorded a pretax asset im pairment charge of $225,000,000 ($175,000,000, net of tax) in 1997.
(2) Discontinued operations include the operations of Roadway Express, Inc., a wholly-owned subsidiary of Caliber, whose shares were distributed to Caliber
stockholders on January 2,1996, and Roadway Global Air, Inc., a wholly-owned subsidiary of Caliber, which exited the airfreight business in calendar 1995.
(3) Caliber declared dividends of $3,899,000, $28,184,000, and $54,706,000, for 1998, 1997, and 1996, respectively. Caliber declared additional dividends of
$10,833,000 from January 1, 1997 to May 25, 1997 that are not included in the preceding am ounts. FedEx has never paid cash dividends on its common stock.
SELECTED CONSOLIDATED FINANCIAL DATA