Q2 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics Second Quarter Fiscal 2018 December 19, 2017 This report is a statistical supplement to FedEx’s interim financial reports and is prepared quarterly. Additional copies are available for downloading and printing at www.fedex.com/us/investorrelations. For more information, write or call: Mickey Foster, Vice President Elizabeth Allen, Director Stephen Hughes, Director Jeffrey Smith, Director FedEx Corp. Investor Relations 942 S. Shady Grove Road Memphis, TN 38120 Telephone: (901) 818-7200
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Q2 Fiscal 2018 Statistics
FedEx Corporation
Financial and Operating Statistics
Second Quarter Fiscal 2018
December 19, 2017
This report is a statistical supplement to FedEx’s interim financial reports and is prepared quarterly. Additional copies are available for downloading and printing at
www.fedex.com/us/investorrelations. For more information, write or call:
Mickey Foster, Vice President Elizabeth Allen, Director
Stephen Hughes, Director Jeffrey Smith, Director
FedEx Corp. Investor Relations 942 S. Shady Grove Road
Memphis, TN 38120 Telephone: (901) 818-7200
TABLE OF CONTENTS
• FEDEX CORPORATION OVERVIEW 1 CONDENSED CONSOLIDATED BALANCE SHEETS 2 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 3 ANNUAL CONSOLIDATED STATEMENTS OF INCOME 4 QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FY2014 – FY2015 5 FY2016 – FY2017 6 FY2018 7 CAPITAL EXPENDITURES 8
• FEDEX GROUND SEGMENT ANNUAL CONSOLIDATED STATEMENTS OF INCOME 19 QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FY2014 – FY2015 20 FY2016 – FY2017 21 FY2018 22 ANNUAL SHIPMENT STATISTICS 23 QUARTERLY SHIPMENT STATISTICS 24
• FEDEX FREIGHT SEGMENT ANNUAL CONSOLIDATED STATEMENTS OF INCOME 25 QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FY2014 – FY2015 26 FY2016 – FY2017 27 FY2018 28 ANNUAL SHIPMENT STATISTICS 29 QUARTERLY SHIPMENT STATISTICS FY2014 – FY2017 30 FY2018 – FY2019 31
Q2 FY18 Stat Book / 1
FEDEX CORPORATION OVERVIEW
FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $62 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 400,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx Express invented express transportation and remains the industry’s global leader, providing rapid, reliable, time-definite delivery to more than 220 countries and territories, connecting markets that comprise more than 99 percent of the world’s gross domestic product. Unmatched air route authorities and transportation infrastructure, combined with leading-edge information technologies, make FedEx Express the world’s largest express transportation company. The FedEx Express business segment financial results also include TNT Express and FedEx Trade Networks. FedEx Ground is a leading North American provider of ground small-package delivery services, providing service to the U.S. and Canada. FedEx Home Delivery, the industry’s first ground service dedicated to residential delivery, is available from FedEx Ground and provides Saturday delivery for no additional charge. FedEx SmartPost is a FedEx Ground service that specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-to-consumer packages primarily using the U.S. Postal Service for last-mile delivery to residences. FedEx Ground business segment financial results include FedEx Supply Chain (formerly GENCO), one of the largest third-party logistics providers in North America. FedEx Freight is a leading U.S. provider of less-than-truckload (LTL) freight services across all lengths of haul. FedEx Freight business segment financial results also include FedEx Custom Critical, a leading U.S. provider of time-specific, critical shipment services. FedEx Services provides sales, marketing, information technology, communications, customer service, technical support, billing and collections services for U.S. customers of our major business units and certain back-office functions that support our other companies. The FedEx Services business segment includes FedEx Office and Print Services, Inc., which provides document and business services and retail access to our package transportation businesses. CORPORATE HEADQUARTERS: 942 S. Shady Grove Road Memphis, TN 38120 COMMON STOCK LISTING: The New York Stock Exchange STOCK SYMBOL: FDX COMMON SHARES AUTHORIZED: 800,000,000 COMMON SHARES OUTSTANDING: 267,904,415 (as of November 30, 2017) STOCKHOLDERS OF RECORD: 12,175 (as of November 30, 2017) TRANSFER AGENT & REGISTRAR: COMPUTERSHARE PO BOX 505000 Louisville, KY 40233-5000 (800) 446-2617 FISCAL YEAR END: May 31
Long-Term Debt, Less Current Portion3 4,736 7,249 13,733 14,909 15,180
Other Long-Term LiabilitiesDeferred income taxes1 2,114 1,210 1,567 2,485 3,088 Pension, postretirement healthcare and other benefit obligations 3,484 4,893 6,227 4,487 3,868 Self-insurance accruals 1,038 1,120 1,314 1,494 1,651 Deferred lease obligations 758 711 400 531 633 Deferred gains, principally related to aircraft transactions 206 181 155 137 122 Other liabilities 145 218 771 518 457 Total other long-term liabilities 7,745 8,333 10,434 9,652 9,819
Commitments and Contingencies
Common Stockholders' InvestmentCommon stock $0.10 par value; 800 million shares auth. 32 32 32 32 32 Additional paid-in capital 2,643 2,786 2,892 3,005 3,055 Retained earnings 16,229 16,900 18,371 20,833 21,785 Accumulated other comprehensive (loss) income 506 172 (169) (415) (434) Treasury stock, at cost (4,133) (4,897) (7,342) (7,382) (7,383) Total common stockholders' investment 15,277 14,993 13,784 16,073 17,055
$ 33,070 $ 36,531 $ 45,959 $ 48,552 $ 50,281
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Current period financial results are unaudited. Differences may result due to rounding.
FY15 amounts were revised in FY16 as part of our adoption of an accounting standard that requires us to classify all deferred tax assets and liabilities as noncurrent on the balance sheet.
FY14 amounts were revised in FY15 to reclassify $1.1 billion of vehicles that were previously presented in package handling and ground support equipment and $67 million of facilities and other that were previously presented in computer and electronic equipment. The reclassification had no impact on the net book value of PP&E, total assets, or depreciation expense.
FY16 amounts were revised in FY17 as part of our adoption of an accounting standard that requires us to present debt issuance costs related to a recognized debt liability as a direct reduction from the carrying amount of that debt liability, rather than as an asset.
Q2 FY18 Stat Book / 3
Years ended May 31 .
In millions
FY 2014 FY 2015 FY 2016 FY 2017Q2 YTD
FY18
OPERATING ACTIVITIESNet income $ 2,324 $ 1,050 $ 1,820 $ 2,997 $ 1,371Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 2,587 2,611 2,631 2,995 1,507 Provision for uncollectible accounts 145 121 136 116 Stock-based compensation 117 133 144 154 103 Deferred income taxes and other noncash items 339 (572) 31 909 327 Impairment and other charges1 – 246 – – – Retirement plans mark-to-market adjustment 15 2,190 1,498 (24) – Gain from sale of investment – – – (35) - Changes in operating assets and liabilities, net of the effects of businesses acquired: Receivables (516) (392) (199) (556) (983) Other current assets (22) 25 (234) 78 (338) Pension and postretirement assets and liabilities, net (453) (692) (346) (1,688) – Accounts payable and other operating liabilities (235) 659 467 103 (564) Other, net (22) (37) (225) (139) (41)
Cash provided by operating activities 4,264 5,366 5,708 4,930 1,498
INVESTING ACTIVITIES Capital expenditures (3,533) (4,347) (4,818) (5,116) (2,621) Business acquisitions, net of cash acquired (36) (1,429) (4,618) – (44) Proceeds from asset dispositions and other 18 24 (10) 135 12
Cash used in investing activities (3,551) (5,752) (9,446) (4,981) (2,653)
FINANCING ACTIVITIESProceeds from short-term borrowings – – – - 250 Principal payments on debt (254) (5) (41) (82) (28) Proceeds from debt issuances 1,997 2,491 6,519 1,190 - Proceeds from stock issuances 557 320 183 337 205 Dividends paid (187) (227) (277) (426) (268) Purchase of treasury stock (4,857) (1,254) (2,722) (509) (270) Other, net 25 24 (51) 18 3
Effect of exchange rate changes on cash (3) (108) (102) (42) 62
CASH AND CASH EQUIVALENTSNet (decrease) increase in cash and cash equivalents (2,009) 855 (229) 435 (1,201)Cash and cash equivalents at beginning of period 4,917 2,908 3,763 3,534 3,969Cash and cash equivalents at end of period $ 2,908 $ 3,763 $ 3,534 3,969 2,768
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Current period financial results are unaudited. Differences may result due to rounding.
FY 2014 – FY 2018Condensed Consolidated Statements of Cash Flows
FedEx Corporation
FY15 includes noncash impairment charges of $246 million to permanently retire and adjust the retirement schedule of certain aircraft and related engines.
Other Income (Expense):Interest, net (142) (221) (315) (479) (238)Other, net (15) (19) (22) 21 (20) Total Other Income (Expense) (157) (240) (337) (458) (258)
Income Before Income Taxes8 3,658 1,627 2,740 4,579 2,121Provision for Income Taxes 1,334 577 920 1,582 750Net Income $ 2,324 $ 1,050 $ 1,820 $ 2,997 $ 1,371
Avg Common and Common Equiv. Shares 310 287 279 270 272SELECTED STATISTICSOperating Margin 8.4% 3.9% 6.1% 8.4% 7.5%Pretax Margin 8.0% 3.4% 5.4% 7.6% 6.7%
Return on Assets9 7.0% 3.0% 4.4% 6.3% 6.0%Return on Equity9 14.2% 6.9% 12.6% 20.1% 17.8%Dividends Paid Per Common Share $ 0.60 $ 0.80 $ 1.00 $ 1.60 $ 1.001 -
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9 - Current period financial results are unaudited. Differences may result due to rounding.
Return on Assets and Return on Equity for the current year-to-date are calculated on a rolling four quarter basis.
FY18 amounts include legal charges of $7 million ($5 million, net of tax, or $0.02 per diluted share). FY17 includes legal charges of $39 million ($24 million, net of tax, or $0.09 per diluted share) and $22 million ($13 million, net of tax, or $0.05 per diluted share). FY16 includes legal settlement expenses and certain expected losses (net of recognized insurance recovery) of $256 million ($158 million, net of tax, or $0.57 per diluted share) and $69 million ($43 million, net of tax, or $0.15 per diluted share). FY15 includes a legal reserve increase of $197 million ($133 million, net of tax, or $0.46 per diluted share).
FY 2014 – FY 2018Annual Consolidated Statements of Income
FedEx Corporation
FY16 includes transaction, financing and integration planning expenses related to the TNT Express acquisition as well as TNT Express's immaterial operating results from the time of acquisition of $132 million ($125 million, net of tax, or $0.45 per diluted share). These expenses are predominantly included in the "Eliminations, corporate and other" results.
FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $327 million ($245 million, net of tax, or $0.91 per diluted share). These expenses are included in the "Eliminations, corporate and other" and FedEx Express results.
Includes mark-to-market pension gain of approximately $24 million ($6 million, net of tax, or $0.02 per diluted share) in FY17 and losses of approximately $1.5 billion ($0.9 billion, net of tax, or $3.39 per diluted share) in FY16, $2.2 billion ($1.4 billion, net of tax, or $4.81 per diluted share) in FY15 and $15 million ($9 million, net of tax, or $0.03 per diluted share) in FY14.
FY18 amounts include TNT Express integration expenses of $234 million ($173 million, net of tax, or $0.64 per diluted share). These expenses are included in the "Eliminations, corporate and other", and FedEx Express results. FY18 amounts also include the negative impact of the NotPetya cyberattack by an estimated $400 million or $1.10 per diluted share.
Includes predominantly costs associated with outside service contracts (such as security, facility services and cargo handling), insurance, legal reserves, professional fees, taxes and licenses, and uniforms.
FY15 includes aircraft impairment and related charges of approximately $276 million ($175 million, net of tax, or $0.61 per diluted share) to permanently retire and adjust the retirement schedule of certain aircraft and related engines; such charges are included in FedEx Express segment results.
FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment.
Q2 FY18 Stat Book / 5
FedEx CorporationQuarterly Consolidated Statements of Income
FY 2014 - FY 2015
Years ended May 31In millions, except EPS
FY 2014 FY 2015FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH
Other Income (Expense):Interest, net (27) (30) (38) (47) (48) (47) (58) (68)Other, net (2) (5) (9) 1 (2) 5 5 (27) Total Other Income (Expense) (29) (35) (47) (46) (50) (42) (53) (95)
Income (Loss) Before Income Taxes 862 888 690 1,218 1,012 1,046 985 (1,416)
Provision for Income Taxes 314 329 253 438 359 383 357 (521)Net Income (Loss) $ 548 $ 559 $ 437 $ 780 $ 653 $ 663 $ 628 ($895)
Unaudited. Differences may result due to rounding.
Q4 FY15 amounts include aircraft impairment and related charges of approximately $276 million ($175 million, net of tax, $0.62 per diluted share).
Q4 FY15 amounts include a legal reserve increase of $197 million ($133 million, net of tax, or $0.47 per diluted share).
Q4 FY15 amounts include a mark-to-market pension charge of approximately $2.2 billion ($1.4 billion, net of tax, or $4.81 per diluted share). Q4 FY14 amounts include a mark-to-market pension charge of approximately $15 million ($9 million, net of tax, or $0.03 per diluted share).
6 / Q2 FY18 Stat Book
FedEx CorporationQuarterly Consolidated Statements of Income
FY 2016 - FY 2017
Years ended May 31In millions, except EPS
FY 2016 FY 2017FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH
Other Income (Expense):Interest, net (63) (74) (81) (97) (113) (119) (122) (125)Other, net 3 (8) (1) (16) (9) 30 (4) 4 Total Other Income (Expense) (60) (82) (82) (113) (122) (89) (126) (121)
Income (Loss) Before Income Taxes5 1,084 1,055 782 (181) 1,142 1,078 899 1,460
Provision for Income Taxes 392 364 275 (111) 427 378 337 440
Net Income (Loss) $ 692 $ 691 $ 507 ($70) $ 715 $ 700 $ 562 $ 1,020
Unaudited. Differences may result due to rounding.
FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment.
Q4 FY17 amounts include legal charges of $39 million ($24 million, net of tax, or $0.09 per diluted share) and $22 million ($13 million, net of tax, or $0.05 per diluted share). Q4 FY16 amounts include legal settlement expenses of $11 million ($6 million, net of tax, or $0.02 per diluted share). Q3 FY16 amounts include legal settlement expenses and certain expected losses of $204 million ($126 million, net of tax, or $0.46 per diluted share) and $69 million ($43 million, net of tax, or $0.15 per diluted share). Q2 FY16 amounts include a legal reserve increase of $41 million ($25 million, net of tax, or $0.09 per diluted share).
Q4 FY17 amounts include a mark-to-market pension gain of approximately $24 million ($6 million, net of tax, or $0.02 per diluted share). Q4 FY16 amounts include a mark-to-market pension charge of approximately $1.5 billion ($0.9 billion, net of tax, or $3.47 per diluted share).
Q4 FY16 includes transaction, financing and integration planning expenses related to the TNT Express acquisition as well as TNT Express's immaterial operating results from the time of acquisition of $79 million ($91 million, with tax, or $0.34 per diluted share). Q3 FY16 amounts include expenses related to our pending acquisition of TNT Express of $25 million ($15 million, net of tax, or $0.06 per diluted share). Q2 FY16 amounts include expenses related to our pending acquisition of TNT Express of $19 million ($12 million, net of tax, or $0.04 per diluted share). These expenses are predominantly included in the "Eliminations, corporate and other" results.
Q4 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $124 million ($87 million, net of tax, or $0.32 per diluted share). Q3 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $78 million ($63 million, net of tax, or $0.23 per diluted share). Q2 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $58 million ($50 million, net of tax, or $0.18 per diluted share). Q1 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $68 million ($45 million, net of tax, or $0.17 per diluted share). These expenses are included in the "Eliminations, corporate and other" and FedEx Express Express results.
Q2 FY18 Stat Book / 7
FedEx CorporationQuarterly Consolidated Statements of Income
FY 2018
Years ended May 31In millions, except EPS
FY 2018FIRST SECOND THIRD FOURTH
QUARTER QUARTER QUARTER QUARTER
Revenue:FedEx Express segment $ 8,652 $ 9,354FedEx Ground segment 4,639 4,929FedEx Freight segment 1,752 1,762FedEx Services segment 400 416Eliminations and other (146) (148) Total Revenue 15,297 16,313
Operating Expenses:Salaries and employee benefits 5,518 5,742Purchased transportation 3,445 3,840Rentals and landing fees 818 835Depreciation and amortization 751 756Fuel 703 818Maintenance and repairs 675 665Retirement plans mark-to-market adjustment – –Other1 2,270 2,395 Total Operating Expenses 14,180 15,051
Operating Income (Loss):FedEx Express segment 433 717FedEx Ground segment 626 521FedEx Freight segment 176 118Eliminations, corporate and other1 (118) (94) Total Operating Income (Loss)2 1,117 1,262
Other Income (Expense):Interest, net (114) (124)Other, net (21) 1 Total Other Income (Expense) (135) (123)
Income (Loss) Before Income Taxes 982 1,139
Provision for Income Taxes 386 364
Net Income (Loss) $ 596 $ 775
Basic Earnings Per Share1,2 $ 2.22 $ 2.89
Weighted Avg. Common Shares 268 268
Diluted Earnings Per Share1,2 $ 2.19 $ 2.84
Avg Common and Common Equiv. Shares 272 272
SELECTED STATISTICS
Operating Margin 7.3% 7.7%
Pretax Margin 6.4% 7.0%
Dividends Paid Per Common Share $ 0.50 $ 0.50
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Unaudited. Differences may result due to rounding.
Q1 FY18 amounts include legal charges of $7 million ($5 million, net of tax, or $0.02 per diluted share).
Q2 FY18 amounts include TNT Express integration expenses of $122 million ($91 million, net of tax, or $0.33 per diluted share). Q2 FY18 amounts also include the negative impact of the NotPetya cyberattack by an estimated $100 million or $0.31 per diluted share. Q1 FY18 amounts include TNT Express integration expenses of $112 million ($82 million, net of tax, or $0.30 per diluted share). These expenses are included in the "Eliminations, corporate and other", and FedEx Express results. Q1 FY18 amounts also include the negative impact of the NotPetya cyberattack by an estimated $300 million or $0.79 per diluted share.
8 / Q2 FY18 Stat Book
Years ended May 31In millions
FY 2014 FY 2015 FY 2016 FY 2017Q2 YTD
FY18By Asset Type1
Aircraft and related equipment $ 1,327 $ 1,866 $ 1,697 $ 1,808 $ 1,040Package handling and ground support equipment 549 752 1,196 1,093 414Vehicles 780 604 723 895 511Information technology 422 377 471 594 261Facilities and other 455 748 731 726 395
Current period financial results are unaudited. Differences may result due to rounding.
FY 2014 – FY 2018Annual Consolidated Statements of Income1
FedEx Express Segment
FY18 includes TNT Express integration expenses of $184 million. FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $206 million. FY18 amounts also include the negative impact of the NotPetya cyberattack by an estimated $400 million.
FY15 includes impairment and related charges of $276 million to permanently retire and adjust the retirement schedule of certain aircraft and related engines.
Includes FedEx Trade Networks.
FY14 - FY16 amounts have been revised to conform to the current presentation of the FedEx Express segment.
International domestic revenues represent our international intra-country operations.
FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment.
10 / Q2 FY18 Stat Book
FedEx Express SegmentQuarterly Consolidated Statements of Income
FY 2014 - FY 2015Years ended May 31In millions
FY 2014 FY 2015FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH
Unaudited. Differences may result due to rounding.
International domestic revenues represent our international intra-country operations.
Includes FedEx Trade Networks.
Q4 FY15 includes impairment and related charges of $276 million resulting from the decision to permanently retire and adjust the retirement schedule of certain aircraft and related engines.
Amounts have been revised to conform to the current presentation of the FedEx Express segment.
Q2 FY18 Stat Book / 11
FedEx Express SegmentQuarterly Consolidated Statements of Income1
FY 2016 – FY 2017Years ended May 31In millions
FY 2016 FY 2017FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH
Unaudited. Differences may result due to rounding.
FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment.
Includes FedEx Trade Networks.
Q4 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $83 million. Q3 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $53 million. Q2 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $28 million. Q1 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $48 million.
FY16 amounts have been revised to conform to the current presentation of the FedEx Express segment.
International domestic revenues represent our international intra-country operations.
12 / Q2 FY18 Stat Book
FedEx Express SegmentQuarterly Consolidated Statements of Income
FY 2018Years ended May 31In millions
FY 2018FIRST SECOND THIRD FOURTH
QUARTER QUARTER QUARTER QUARTERPackage Revenue:
U.S. Overnight Box $ 1,750 $ 1,787U.S. Overnight Envelope 450 432 Total U.S. Overnight 2,200 2,219U.S. Deferred 878 922 Total U.S. Packages 3,078 3,141International Priority 1,741 1,839International Economy 770 815 Total International Export Package Revenue 2,511 2,654International Domestic1 1,044 1,214 Total Package Revenue 6,633 7,009
Operating Expenses:Salaries and employee benefits 3,196 3,321Purchased transportation 1,366 1,502Rentals and landing fees 490 498Depreciation and amortization 417 412Fuel 603 703Maintenance and repairs 460 447Intercompany charges 488 505Other 1,199 1,249
8,219 8,637
Operating Income3 $ 433 $ 717
SELECTED STATISTICS
Operating Margin 5.0% 7.7%
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Unaudited. Differences may result due to rounding.
International domestic revenues represent our international intra-country operations.
Includes FedEx Trade Networks.
Q2 FY18 includes TNT Express integration expenses of $96 million. Q2 FY18 amounts also include the negative impact of the NotPetya cyberattack by an estimated $100 million. Q1 FY18 includes TNT Express integration expenses of $88 million. Q1 FY18 amounts also include the negative impact of the NotPetya cyberattack by an estimated $300 million.
Unaudited. Differences may result due to rounding.
FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment.
Package and freight statistics include only the operations of FedEx Express for FY14 - FY16, and of FedEx Express and TNT Express for FY17 - FY18.
FY14 - FY16 amounts have been revised to conform to the current presentation of the FedEx Express segment.International domestic statistics represent our international intra-country operations.
14 / Q2 FY18 Stat Book
FedEx ExpressQuarterly Shipment Statistics1
FY 2014 - FY 2015FY 2014 FY 2015
FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTHQUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
Unaudited. Differences may result due to rounding.
Package and freight statistics include only the operations of FedEx Express.International domestic statistics represent our international intra-country operations.Amounts have been revised to conform to the current presentation of the FedEx Express segment.
Q2 FY18 Stat Book / 15
FedEx ExpressQuarterly Shipment Statistics1
FY 2016 - FY 2017FY 2016 FY 2017
FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTHQUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
Unaudited. Differences may result due to rounding.
Package and freight statistics include only the operations of FedEx Express for FY16, and of FedEx Express and TNT Express for FY17.
International domestic statistics represent our international intra-country operations.Amounts have been recast to conform to the current presentation of the FedEx Express segment.
16 / Q2 FY18 Stat Book
FedEx ExpressQuarterly Shipment Statistics1
FY 2018 - FY 2019FY 2018 FY 2019
FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTHQUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
NOTE: Aircraft fleet delivery schedule is subject to change.
Unaudited.
5 - Vehicle fleet totals do not include TNT Express.
1 - As of November 30, 2017, B767F count includes 1 aircraft that is not currently in operation. As of November 30, 2017, we are committed to purchase 65 B767Fs. Aircraft to be delivered statistics include certain lease expirations.
2 - As of November 30, 2017, B777F count includes 2 aircraft that are not currently in operation. As of November 30, 2017, we are committed to purchase 13 B777Fs.
Expiration) in FYMay 31
4 - As of November 30, 2017, we are committed to purchase 30 ATR-72 600Fs.
3 - As of November 30, 2017, we are committed to purchase 50 Cessna SkyCourier 408s.
FedEx ExpressAircraft and Vehicle Fleet Statistics
Unaudited. Differences may result due to rounding.
FedEx Ground SegmentAnnual Consolidated Statements of Income
FY 2014 – FY 2018
Effective June 1, 2015, FedEx Ground began recording FedEx SmartPost service revenues on a gross basis (including postal fees). Postal fees, which previously were netted against revenue, are now charged to purchased transportation.
Effective August 31, 2015, our FedEx SmartPost business merged into FedEx Ground. For presentation purposes, FedEx SmartPost service revenues have been combined with our FedEx Ground service offerings.
During the third quarter of 2017, we announced the rebranding of GENCO to FedEx Supply Chain.
Beginning February 2015, operating expenses include those related to the FedEx Supply Chain (formerly GENCO) acquisition.
20 / Q2 FY18 Stat Book
FedEx Ground SegmentQuarterly Consolidated Statements of Income
FY 2014 - FY 2015Years ended May 31In millions
FY 2014 FY 2015FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH
Unaudited. Differences may result due to rounding.
Effective August 31, 2015, our FedEx SmartPost business merged into FedEx Ground. For presentation purposes, FedEx SmartPost service revenues have been combined with our FedEx Ground service offerings.
During the third quarter of 2017, we announced the rebranding of GENCO to FedEx Supply Chain.
Beginning February 2015, operating expenses include those related to the FedEx Supply Chain (formerly GENCO) acquisition.
Q2 FY18 Stat Book / 21
FedEx Ground SegmentQuarterly Consolidated Statements of Income
FY 2016 - FY 2017Years ended May 31In millions
FY 2016 FY 2017FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH
Unaudited. Differences may result due to rounding.
Effective June 1, 2015, FedEx Ground began recording FedEx SmartPost service revenues on a gross basis (including postal fees). Postal fees, which previously were netted against revenue, are now charged to purchased transportation.
Beginning February 2015, operating expenses include those related to the FedEx Supply Chain (formerly GENCO) acquisition.
Effective August 31, 2015, our FedEx SmartPost business merged into FedEx Ground. For presentation purposes, FedEx SmartPost service revenues have been combined with our FedEx Ground service offerings.
During the third quarter of 2017, we announced the rebranding of GENCO to FedEx Supply Chain.
22 / Q2 FY18 Stat Book
FedEx Ground SegmentQuarterly Consolidated Statements of Income
Unaudited. Differences may result due to rounding.
Operating statistics include only the operations of FedEx Ground (including FedEx SmartPost). Our FedEx SmartPost business was merged into FedEx Ground on August 31, 2015. Effective June 1, 2015, FedEx Ground began recording FedEx SmartPost service revenues on a gross basis (including postal fees). Postal fees, which previously were netted against revenue, are now charged to purchased transportation.
24 / Q2 FY18 Stat Book
FedEx Ground SegmentQuarterly Shipment Statistics
FY 2014 – FY 2019
FY 2014 FY 2015FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH
Unaudited. Differences may result due to rounding.
Operating statistics include only the operations of FedEx Ground (including FedEx SmartPost). Our FedEx SmartPost business was merged into FedEx Ground on August 31, 2015. Effective June 1, 2015, FedEx Ground began recording FedEx SmartPost service revenues on a gross basis (including postal fees). Postal fees, which previously were netted against revenue, are now charged to purchased transportation.