10-QPeriod: Q3 FY2019

FEDEX CORP Quarterly Report for Q3 Ended Feb 28, 2019

Filed March 19, 2019For Securities:FDX

Summary

FedEx Corporation's (FDX) 10-Q filing for the period ending February 27, 2019, reveals performance trends during the third quarter and the first nine months of fiscal year 2019. Investors should note the company's revenue generation and profitability across its key segments, which form the core of its operational performance. The filing provides a snapshot of the company's financial health, including its asset base, liabilities, and cash flow generation, offering insights into its ability to manage its operations and fund future growth. While specific performance metrics are detailed within the full report, the overarching narrative from this filing will focus on the company's ability to navigate the evolving logistics landscape, manage operating expenses, and maintain its competitive position. Investors will be keen to understand the factors driving revenue changes, the impact of economic conditions on demand for shipping services, and the company's outlook for the remainder of the fiscal year. The accompanying Management's Discussion and Analysis (MD&A) section is crucial for understanding the management's perspective on these results and their forward-looking strategies.

Financial Highlights

46 data points
Beta

Revenue

$17.01B

75.0% Gross Margin

Net Income

$739.00M

4.3% Net Margin

EPS (Diluted)

$2.80

Total Assets

$54.46B

Cash & Equivalents

$2.87B

Free Cash Flow

$1.14B

Financial Statements
Beta
Revenue$17.01B
Cost of Revenue$4.25B
Gross Profit$12.76B
Operating Expenses$16.10B
Operating Income$911.00M
Net Income$739.00M
EPS (Basic)$2.83
EPS (Diluted)$2.80
Shares Outstanding (Basic)261.00M
Shares Outstanding (Diluted)263.00M

Key Highlights

  • 1The filing covers the third quarter and the first nine months of fiscal year 2019, providing a substantial view of year-to-date performance.
  • 2Key financial statements, including Consolidated Balance Sheets, Statements of Income, Comprehensive Income, Cash Flows, and Changes in Stockholders' Investment, are presented.
  • 3Management's Discussion and Analysis (MD&A) is a critical section for understanding the drivers of financial performance and the company's strategic outlook.
  • 4Risk Factors are detailed, offering insights into potential challenges and uncertainties that could impact FedEx's business and financial results.
  • 5Quantitative and Qualitative Disclosures About Market Risk provide information on the company's exposure to various market risks.
  • 6The report includes information on Legal Proceedings, offering transparency on any ongoing litigation that could affect the company.
  • 7Details on Controls and Procedures are provided, which are important for investors assessing the reliability of financial reporting.

Frequently Asked Questions

This 10-Q filing provides a quarterly update on FedEx Corporation's financial performance and condition for the period ending February 27, 2019. It includes detailed financial statements, Management's Discussion and Analysis (MD&A) of results, risk factors, and other relevant disclosures for investors to assess the company's performance and outlook.

Information regarding FedEx's revenue and profitability trends can be found in the 'Condensed Consolidated Statements of Income' for the three and nine months ended February 28, 2019, and 2018. The 'Management's Discussion and Analysis of Results of Operations and Financial Condition' section will provide further context and explanation of these trends.

The 'Risk Factors' section (Item 1A) in Part II of the filing will detail the significant risks and uncertainties that could materially affect FedEx's business, financial condition, or results of operations. These could include economic conditions, competition, regulatory changes, and operational challenges.

Yes, the 'Condensed Consolidated Statements of Cash Flows' for the nine months ended February 28, 2019, and 2018, are included in the filing. This statement provides insights into how FedEx is generating and using cash from its operating, investing, and financing activities.