Federal Express 2009 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2009 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 80

  • 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
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

8
(1) Results for 2009 include a charge of $1.2 billion ($1.1 billion, net of tax, or $3.45 per diluted share) primarily related to impairment charges associated with
goodwill and aircraft.
(2) Results for 2008 include a charge of $891 million ($696 million, net of tax, or $2.23 per diluted share) predominately related to impairment charges associated
with intangible assets from the Kinko’s acquisition.
(3) Shows the value, at the end of each of the last five fiscal years, of $100 invested in FedEx Corporation common stock or the relevant index on May 31, 2004,
and assumes reinvestment of dividends. Fiscal year ended May 31.
Financial Highlights
FedEx Corporation Dow Jones Transportation Average S&P 500
COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL RETURN(3)
$160 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$150 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$140 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$130 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$120 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$110 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$100 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$90 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$80 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$70 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2004 2005 2006 2007 2008 2009
In millions, except earnings per share 2009
(1) 2008
(2) Percent Change
Operating Results
Revenues $35,497 $37,953 (6 )
Operating income 747 2,075 (64 )
Operating margin 2.1 % 5 . 5 %
Net income 98 1,125 (91 )
Diluted earnings per share 0.31 3.60 (91 )
Average common and common equivalent shares 312 312 0
Capital expenditures 2,459 2,947 (17 )
Financial Position
Total assets $24,244 $25,633 (5 )
Long-term debt, including current portion 2,583 2,008 29
Common stockholders’ investment 13,626 14,526 (6 )
REVENUE (IN BILLIONS) OPERATING MARGIN DILUTED EARNINGS PER SHARE
RETURN ON AVERAGE EQUITY DEBT TO TOTAL CAPITALIZATION STOCK PRICE (MAY 31 CLOSE)
2005
2005
16.4%
$29.4
2006
2006
17.1%
$32.3
2007
2007
16.7%
$35.2
2008
2008(2)
8.3%
$38.0
2009
2009(1)
0.7%
$35.5
2005
2005
22.6%
8.4%
2006
2006
17.5%
9.3%
2007
2007
17.3%
9.3%
2008(2)
2008
12.1%
5.5%
2009(1)
2009
15.9%
2.1%
2005
2005
$89.42
$4.72
2006
2006
$109.27
$5.83
2007
2007
$111.62
$6.48
2008(2)
2008
$91.71
$3.60
2009(1)
2009
$55.43
$0.31