Federal Express 2011 Annual Report Download - page 10

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REVENUE (in billions)
2007
2008
2009
2010
2011
$35.2
$38.0
$35.5
$34.7
$39.3
8
Comparison of Five-Year Cumulative Total Return*
FINANCIAL HIGHLIGHTS
*$100 invested on 5/31/06 in stock or index, including reinvestment of dividends. Fiscal year ending May 31.
FedEx Corporation S&P 500 Dow Jones U.S. Transportation Average
5/06 5/07 5/08 5/09 5/10 5/11
$140
$130
$120
$110
$100
$90
$80
$70
$60
$50
$40
OPERATING MARGIN
2007
2008(3)
2009(2)
2010
2011(1)
9.3%
5.5%
2.1%
5.8%
6.1%
DILUTED EARNINGS
PER SHARE
2007
2008(3)
2009(2)
2010
2011
$6.48
$3.60
$0.31
$3.76
$4.57
RETURN ON AVERAGE
EQUITY
2007
2008(3)
2009(2)
2010
2011(1)
16.7%
8.3%
0.7%
8.6%
10.0%
DEBT TO TOTAL
CAPITALIZATION
2007
2008
2009
2010
2011
17.3%
12.1%
15.9%
12.3%
10.0%
STOCK PRICE
(May 31 close)
2007
2008
2009
2010
2011
$111.62
$91.71
$55.43
$83.49
$93.64
(in millions, except earnings per share) 2011(1) 2010 Percent Change
Operating Results
Revenues $ 39,304 $ 34,734 13
Operating income 2,378 1,998 19
Operating margin 6.1% 5.8% 30bp
Net income 1,452 1,184 23
Diluted earnings per share 4.57 3.76 22
Average common and common
equivalent shares 317 314 1
Capital expenditures 3,434 2,816 22
Financial Position
Cash and cash equivalents $ 2,328 $ 1,952 19
Total assets 27,385 24,902 10
Long-term debt, including current portion 1,685 1,930 (13)
Common stockholders’ investment 15,220 13,811 10
(1) Results for 2011 include charges of approximately $199 million ($104 million, net of tax and applicable variable
incentive compensation impacts, or $0.33 per diluted share) for the combination of our FedEx Freight and
FedEx National LTL operations and a reserve associated with a legal matter at FedEx Express.
(2) Results for 2009 include a charge of $1.2 billion ($1.1 billion, net of tax, or $3.45 per diluted share) primarily for
impairment charges associated with goodwill and aircraft.
(3) 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 for impairment charges associated with intangible assets from the
FedEx Office acquisition.