Summary
FedEx Corporation's 10-Q filing for the quarter ended February 28, 2013, reveals a company navigating a challenging economic environment while focusing on operational efficiency and strategic investments. The report indicates continued revenue generation, although growth rates may be influenced by global economic conditions. Investors should pay close attention to the company's cost management initiatives and its outlook for key segments, particularly Express and Ground, which are critical drivers of profitability. The financial statements provide insight into the company's liquidity and capital structure, crucial for assessing its financial health and ability to weather economic downturns or capitalize on growth opportunities.
Financial Highlights
42 data pointsBeta
Financial Statements
Beta
| Revenue | $10.95B |
| Operating Expenses | $10.36B |
| Operating Income | $589.00M |
| Net Income | $361.00M |
| EPS (Basic) | $1.14 |
| EPS (Diluted) | $1.13 |
| Shares Outstanding (Basic) | 315.00M |
| Shares Outstanding (Diluted) | 317.00M |
Key Highlights
- 1The report covers the quarterly period ended February 28, 2013, with the filing date of March 20, 2013.
- 2FedEx is classified as a large accelerated filer, indicating its significant market capitalization and public float.
- 3The company has filed all required reports for the preceding 12 months and has been subject to these requirements for the past 90 days.
- 4FedEx has submitted and posted all Interactive Data Files required by Rule 405 of Regulation S-T for the preceding 12 months.
- 5There are no indications of the company being a shell company.
- 6The number of outstanding common shares as of March 19, 2013, was 316,868,914.
- 7The filing includes condensed consolidated financial statements (Balance Sheets, Statements of Income, Comprehensive Income, and Cash Flows) along with accompanying notes and a report from independent auditors.
Frequently Asked Questions
This 10-Q filing provides a quarterly update on FedEx Corporation's financial performance and condition for the period ending February 28, 2013. It includes condensed consolidated financial statements, Management's Discussion and Analysis (MD&A) of results of operations and financial condition, and other relevant disclosures for investors to assess the company's ongoing business activities and financial health.
FedEx Corporation is a large accelerated filer, meaning it meets certain thresholds for market value of its outstanding shares and filing history. The company has confirmed it has filed all required reports for the preceding 12 months and has been subject to these requirements for the past 90 days, also demonstrating compliance with electronic filing requirements for interactive data.
Detailed financial information is presented in the 'ITEM 1. Financial Statements' section, which includes Condensed Consolidated Balance Sheets as of February 28, 2013, and May 31, 2012, as well as Condensed Consolidated Statements of Income, Comprehensive Income, and Cash Flows for the three and nine months ended February 28, 2013, and comparative periods. The 'Notes to Condensed Consolidated Financial Statements' provide further context and explanations.
Investors should pay close attention to 'ITEM 2. Management’s Discussion and Analysis of Results of Operations and Financial Condition,' which offers management's perspective on the company's performance, trends, and future outlook. 'ITEM 1A. Risk Factors' is also crucial for understanding potential challenges and uncertainties that could affect FedEx's business and financial results.