Summary
This Form 10-K/A filing from FedEx Corporation (FDX) provides an amendment to its previously filed annual report for the fiscal year ended May 31, 2004. The primary purpose of this amendment is to correct a specific line item within the unaudited pro forma combined results of operations presented in the Notes to Consolidated Financial Statements. This pro forma data relates to the acquisition of FedEx Kinko's Office & Print Services, Inc. and its impact on revenue and earnings as if the acquisition had occurred earlier. For investors, the key takeaway is that the company is clarifying its financial reporting for the fiscal year 2004, specifically concerning the pro forma impact of the FedEx Kinko's acquisition. While the amendment corrects figures for revenues, net income, and earnings per share in the pro forma statement, it does not alter the company's reported historical financial performance. Investors should note the corrected pro forma revenue of $26.056 billion, pro forma net income of $836 million, and pro forma diluted EPS of $2.75 for fiscal year 2004.
Key Highlights
- 1Amendment to the Form 10-K for the fiscal year ended May 31, 2004, filed on July 21, 2004.
- 2The amendment corrects specific figures in the unaudited pro forma combined results of operations related to the FedEx Kinko's acquisition.
- 3Corrected pro forma revenue for FY2004 is $26.056 billion.
- 4Corrected pro forma net income for FY2004 is $836 million.
- 5Corrected pro forma diluted earnings per common share for FY2004 is $2.75.
- 6The amendment clarifies the financial impact of integrating FedEx Kinko's as if the acquisition occurred at the beginning of FY2003.
- 7No other changes are being made to the original Form 10-K filing.