FedEx Corporation (FDX) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-06-01 to 2024-08-31

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FedEx Corporation cash flow reconciliation, Jun 1, 2024 through Aug 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $794,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,078,000,000.00Other noncash items including leases and deferred income taxes → Operating adjustments reconciliation: $817,000,000.00Provision for uncollectible accounts → Operating adjustments reconciliation: $129,000,000.00Stock-based compensation → Operating adjustments reconciliation: $48,000,000.00Other, net → Operating adjustments reconciliation: $23,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $393,000,000.00Operating adjustments reconciliation → Accounts payable and other liabilities: $1,105,000,000.00Operating adjustments reconciliation → Receivables: $305,000,000.00Operating adjustments reconciliation → Other assets: $223,000,000.00Operating adjustments reconciliation → Business optimization costs, net of payments: $69,000,000.00Proceeds from sale of investments → investing reconciliation: $13,000,000.00Proceeds from asset dispositions and other → investing reconciliation: $13,000,000.00Net cash used in investing activities → investing reconciliation: $802,000,000.00investing reconciliation → Capital expenditures: $767,000,000.00investing reconciliation → Purchase of investments: $61,000,000.00Net cash used in financing activities → financing reconciliation: $969,000,000.00Proceeds from stock issuances → financing reconciliation: $404,000,000.00financing reconciliation → Purchase of treasury stock: $1,000,000,000.00financing reconciliation → Dividends paid: $339,000,000.00financing reconciliation → Principal payments on debt: $34,000,000.00Exchange-rate effect → Cash sources and uses: $26,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $6,501,000,000.00Net cash from operating activities → Cash sources and uses: $1,187,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $5,943,000,000.00Cash sources and uses → Net cash used in investing activities: $802,000,000.00Cash sources and uses → Net cash used in financing activities: $969,000,000.00Net income: $794,000,000.00Net income+$794.00 MDepreciation and amortization: $1,078,000,000.00Depreciation & amortization+$1.08 BProvision for uncollectible accounts: $129,000,000.00Credit loss provision+$129.00 MStock-based compensation: $48,000,000.00Stock-based compensation+$48.00 MOther noncash items including leases and deferred income taxes: $817,000,000.00Other non-cash items+$817.00 MBusiness optimization costs, net of payments: -$69,000,000.00Business optimization costs, net of payments−$69.00 MReceivables: -$305,000,000.00Receivables, net−$305.00 MOther assets: -$223,000,000.00Other operating assets−$223.00 MAccounts payable and other liabilities: -$1,105,000,000.00Payables & accrued liabilities−$1.11 BOther, net: $23,000,000.00Other working capital, net+$23.00 MNet cash from operating activities: $1,187,000,000.00Operating cash+$1.19 BOperating adjustments reconciliation: $2,095,000,000.00Principal payments on debt: -$34,000,000.00Debt & capital securities repaid−$34.00 MProceeds from stock issuances: $404,000,000.00Equity issued+$404.00 MDividends paid: -$339,000,000.00Dividends paid−$339.00 MPurchase of treasury stock: -$1,000,000,000.00Common stock repurchases−$1.00 BNet cash used in financing activities: -$969,000,000.00. Cash required to fund net payments.Financing cash−$969.00 Mfinancing reconciliation: $1,373,000,000.00Capital expenditures: -$767,000,000.00Capital expenditures−$767.00 MProceeds from sale of investments: $13,000,000.00Investment sales & maturities+$13.00 MPurchase of investments: -$61,000,000.00Investment purchases−$61.00 MProceeds from asset dispositions and other: $13,000,000.00PP&E sales+$13.00 MNet cash used in investing activities: -$802,000,000.00. Cash required to fund net payments.Investing cash−$802.00 Minvesting reconciliation: $828,000,000.00Cash sources and uses: $7,714,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $6,501,000,000.00Beginning cash$6.50 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $5,943,000,000.00Ending cash$5.94 BExchange-rate effect: $26,000,000.00FX effect+$26.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$420.00 MOperating cash − cash spent on productive assetsCash flow / Net income1.49×Operating cash flow ÷ net incomeNet cash change−$558.00 MEnding cash − beginning cash
Chart details

FedEx Corporation cash flow reconciliation, Jun 1, 2024 through Aug 31, 2024

Cash flows for Jun 1, 2024 through Aug 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: May 31, 2024. Ending cash: Aug 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on May 31, 2024
6,501,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
1,187,000,000 US dollars. Net cash provided.
Net income
794,000,000 US dollars
Depreciation and amortization
1,078,000,000 US dollars
Provision for uncollectible accounts
129,000,000 US dollars
Stock-based compensation
48,000,000 US dollars
Other noncash items including leases and deferred income taxes
817,000,000 US dollars
Business optimization costs, net of payments
negative 69,000,000 US dollars
Receivables
negative 305,000,000 US dollars
Other assets
negative 223,000,000 US dollars
Accounts payable and other liabilities
negative 1,105,000,000 US dollars
Other, net
23,000,000 US dollars
Investing activities
negative 802,000,000 US dollars. Net cash used.
Capital expenditures
negative 767,000,000 US dollars
Proceeds from sale of investments
13,000,000 US dollars
Purchase of investments
negative 61,000,000 US dollars
Proceeds from asset dispositions and other
13,000,000 US dollars
Financing activities
negative 969,000,000 US dollars. Net cash used.
Principal payments on debt
negative 34,000,000 US dollars
Proceeds from stock issuances
404,000,000 US dollars
Dividends paid
negative 339,000,000 US dollars
Purchase of treasury stock
negative 1,000,000,000 US dollars
Operating adjustment reconciliation
2,095,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,373,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
828,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
26,000,000 US dollars
Ending cash on Aug 31, 2024
5,943,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
7,714,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 558,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.49×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,187,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
767,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
420,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $393.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 1,187,000,000 US dollars minus 767,000,000 US dollars equals 420,000,000 US dollars.
FedEx Corporation (FDX) FY2025 Q1 Statement of Cash Flows Sankey chart
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