Federal Express 2001 Annual Report Download - page 32

Notes to Consolidated Financial Statements
30
The following table provides a reconciliation of reportable seg-
ment revenues, depreciation and amortization, operating income
and segment assets to consolidated financial statement totals:
In thousands 2001 2000 1999
Revenues
FedEx Express $15,533,567 $15,068,338 $13,979,277
FedEx Ground 2,236,562 2,032,570 1,878,107
FedEx Freight 835,298 ––
Other 1,023,613 1,156,037 916,086
Consolidated Total $19,629,040 $18,256,945 $16,773,470
Depreciation and amortization
FedEx Express $796,517 $997,735 $ 912,002
FedEx Ground 110,934 99,140 82,640
FedEx Freight 43,693 ––
Other 324,630 57,988 40,476
Consolidated Total $1,275,774 $1,154,863 $ 1,035,118
Operating income (loss)
FedEx Express $847,401(1) $899,610 $ 871,476(3)
FedEx Ground 175,150 225,812 231,010
FedEx Freight 55,032 ––
Other (6,693)(2) 95,652 60,600
Consolidated Total $1,070,890 $1,221,074 $ 1,163,086
Segment assets
FedEx Express $9,570,621 $9,740,539
FedEx Ground 1,157,988 1,057,519
FedEx Freight 1,703,121 –
Other 908,282 729,053
Consolidated Total $13,340,012 $11,527,111
(1) Includes $93,000,000 charge for impairment of certain assets related to the
MD10 aircraft program and $9,000,000 charge related to the Ayres program.
(2) Includes $22,000,000 of FedEx Supply Chain Services reorganization costs.
(3) Includes $81,000,000 of strike contingency costs.
The following table provides a reconciliation of reportable seg-
ment capital expenditures to consolidated totals for the years
ended May 31:
In thousands 2001 2000 1999
FedEx Express $1,233,051 $1,330,904 $1,550,161
FedEx Ground 212,415 244,073 179,969
FedEx Freight 62,276 ––
Other 385,642 52,441 39,816
Consolidated Total $1,893,384 $1,627,418 $1,769,946
The following table presents revenue by service type and
geographic information for the years ended or as of May 31:
In thousands 2001 2000 1999
REVENUE BY SERVICE TYPE
FedEx Express:
Package:
U.S. overnight box(1) $5,829,972 $5,683,663 $ 5,409,036
U.S. overnight envelope(2) 1,870,881 1,854,181 1,776,426
U.S. deferred 2,492,522 2,428,002 2,271,151
Total domestic
package revenue 10,193,375 9,965,846 9,456,613
International priority 3,939,612 3,551,593 3,018,828
To tal package revenue 14,132,987 13,517,439 12,475,441
Freight:
U.S. 650,779 566,259 439,855
International 424,216 492,280 530,759
Other 325,585 492,360 533,222
Total FedEx Express 15,533,567 15,068,338 13,979,277
FedEx Ground 2,236,562 2,032,570 1,878,107
FedEx Freight 835,298 ––
Other 1,023,613 1,156,037 916,086
$19,629,040 $18,256,945 $16,773,470
GEOGRAPHIC INFORMATION(3)
Revenues:
U.S. $14,857,625 $13,804,849 $12,910,107
International 4,771,415 4,452,096 3,863,363
$19,629,040 $18,256,945 $16,773,470
Long-lived assets:
U.S. $8,637,458 $7,224,219
International 1,253,493 1,018,148
$9,890,951 $8,242,367
(1) The U.S. overnight box category includes packages exceeding eight ounces in weight.
(2) The U.S. overnight envelope category includes envelopes weighing eight ounces
or less.
(3) International revenue includes shipments that either originate in or are destined to
locations outside the United States. Long-lived assets include property and equip-
ment, goodwill and other long-term assets. Flight equipment is allocated between
geographic areas based on usage.