Federal Express 2009 Annual Report Download - page 75

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73
FEDEX CORPORATION
Selected Financial Data
The following table sets forth (in millions, except per share amounts and other operating data) certain selected consolidated fi nancial
and operating data for FedEx as of and for the fi ve years ended May 31, 2009. This information should be read in conjunction with the
Consolidated Financial Statements, Management’s Discussion and Analysis of Results of Operations and Financial Condition and other
fi nancial data appearing elsewhere in this Annual Report.
2009 (1) 2008 (2) 2007 (3) 2006 (4) 2005 (5)
Operating Results
Revenues $ 35,497 $ 37,953 $ 35,214 $ 32,294 $ 29,363
Operating income 747 2,075 3,276 3,014 2,471
Income before income taxes 677 2,016 3,215 2,899 2,313
Net income 98 1,125 2,016 1,806 1,449
Per Share Data
Earnings per share:
Basic $ 0.31 $ 3.64 $ 6.57 $ 5.94 $ 4.81
Diluted $ 0.31 $ 3.60 $ 6.48 $ 5.83 $ 4.72
Average shares of common stock outstanding 311 309 307 304 301
Average common and common equivalent
shares outstanding 312 312 311 310 307
Cash dividends declared $ 0.44 $ 0.30 $ 0.37 $ 0.33 $ 0.29
Financial Position
Property and equipment, net $ 13,417 $ 13,478 $ 12,636 $ 10,770 $ 9,643
Total assets 24,244 25,633 24,000 22,690 20,404
Long-term debt, less current portion 1,930 1,506 2,007 1,592 2,427
Common stockholders’ investment 13,626 14,526 12,656 11,511 9,588
Other Operating Data
FedEx Express aircraft fl eet 654 677 669 671 670
Average full-time equivalent employees and contractors 247,908 254,142 241,903 221,677 215,838
(1) Operating expenses 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. Additionally,
common stockholders’ investment includes an other comprehensive income charge of $1.2 billion, net of tax, related to the funded status of our retirement plans at May 31, 2009.
(2) Results for 2008 include a charge of $891 million ($696 million, net of tax, or $2.23 per diluted share) recorded during the fourth quarter, predominantly related to impairment charges associated
with intangible assets from the Kinko’s acquisition. See Note 4 to the accompanying consolidated fi nancial statements. Additionally, results for 2008 and 2007 include several 2007 acquisitions, as
described in Note 3 to the accompanying fi nancial statements.
(3) Results for 2007 include a charge of $143 million at FedEx Express associated with upfront compensation and benefi ts under our labor contract with our pilots. See Note 1 to the accompanying
consolidated fi nancial statements.
(4) Results for 2006 include a charge of $79 million ($49 million, net of tax, or $0.16 per diluted share) to adjust the accounting for certain facility leases, predominantly at FedEx Express.
(5) Results for 2005 include a charge of $48 million ($31 million, net of tax, or $0.10 per diluted share) at FedEx Express related to the Airline Stabilization Act and a $12 million, or $0.04 per diluted
share, benefi t from an income-tax adjustment.