FedEx : Q1 FY22 Statistical Book

FedEx Corporation

Q1 Fiscal 2022 Statistics

Financial and Operating

Statistics

September 21, 2021

1

Overview

This report is a statistical supplement to our interim financial reports and is prepared quarterly. Additional copies are available for downloading and printing at investors.fedex.com. For more information,

please contact:

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

901.818.7200

[e-mail]

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
FY2018 - FY2019	5
FY2020 - FY2021	6
FY2022	7
CAPITAL EXPENDITURES	8
• FEDEX EXPRESS SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME	9
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2018 - FY2019	10
FY2020 - FY2021	11
FY2022	12
ANNUAL OPERATING STATISTICS	13
ANNUAL FUEL SURCHARGES	14
QUARTERLY OPERATING STATISTICS
FY2018 - FY2019	15
FY2020 - FY2021	16
FY2022 - FY2023	17
QUARTERLY FUEL SURCHARGES
FY2018 - FY2023	18
JET FUEL STATISTICS	19
AIRCRAFT AND VEHICLE FLEET STATISTICS	20
• FEDEX GROUND SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME	21
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2018 - FY2019	22
FY2020 - FY2021	23
FY2022	24
ANNUAL OPERATING STATISTICS	25
QUARTERLY OPERATING STATISTICS	26
FY2018 - FY2023
• FEDEX FREIGHT SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME	27
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2018 - FY2019	28
FY2020 - FY2021	29
FY2022	30
ANNUAL OPERATING STATISTICS	31
QUARTERLY OPERATING STATISTICS
FY2018 - FY2021	32
FY2022 - FY2023	33

Only footnotes pertaining to the current year are displayed at the bottom of pages in the statistical book. For supplemental information related to FY18 - FY21, please refer to the informational notes appendix.

FEDEX CORPORATION

OVERVIEW

FedEx Corporationprovides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $87 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its 560,000 team members to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.

FedEx Expressinvented 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 include TNT Express, FedEx Custom Critical, and FedEx Cross Border.

FedEx Groundprovides low-cost,day-certain service to any business address in the U.S. and Canada, as well as residential delivery to 100% of U.S. residences through its FedEx Home Delivery® Service. FedEx Ground Economy, a FedEx Ground service, specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitivebusiness-to-consumer packages.

FedEx Freightis a leading North American provider of less-than-truckload (LTL) freight services across all lengths of haul to businesses and residences. Within the contiguous U.S., the company offers: FedEx Freight Priority, when speed is critical to meet a customer's supply chain needs; FedEx Freight Economy, when a customer can trade time for cost savings; and FedEx Freight Direct, a service to meet the needs of the growing e-commerce market for delivery of heavy, bulky products to or through the door for residences and businesses. FedEx Freight also offers freight delivery service to most points in Puerto Rico and the U.S. Virgin Islands.

FedEx Servicesprovides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support our transportation segments.

Corporate, Other, and Eliminationsincludes corporate headquarters costs for executive officers and certain legal and finance functions, including certain other costs and credits not attributed to our core business, as well as certain costs associated with developing our innovate digitally strategic pillar through our FedEx Dataworks operating segment. FedEx Dataworks is focused on creating solutions to transform the digital and physical experiences of our customers and team members. Also included in corporate and other is FedEx Office, which provides an array of document and business services and retail access to our package transportation businesses; and FedEx Logistics, which provides integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding. These costs are not allocated to other business segments.

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:	265,647,447 (as of August 31, 2021)
STOCKHOLDERS OF RECORD:	11,558 (as of August 31, 2021)
TRANSFER AGENT & REGISTRAR:	COMPUTERSHARE
	PO BOX 505000
	Louisville, KY 40233-5000
	[phone]
FISCAL YEAR END:	May 31
1 / Q1 FY22 Stat Book

FedEx Corporation

Condensed Consolidated Balance Sheets

FY 2018 - FY 2022

May 31 .
In millions (except share data)										Aug. 31,
ASSETS	FY 2018		FY 2019		FY 2020		FY 2021	2021
Current Assets
Cash and cash equivalents	$ 3,265	$ 2,319	$ 4,881	$ 7,087	$ 6,853
Receivables, less allowances	8,481	9,116	10,102	12,069	11,125
Spare parts, supplies and fuel, less allowances	525	553			572	587	577
Prepaid expenses and other	1,070	1,098			828	837	991
Total current assets	13,341		13,086		16,383		20,580		19,546
Property and Equipment, at Cost
Aircraft and related equipment	20,749	22,793	24,518	26,268
Package handling and ground support equipment	9,727	10,409	11,382	13,012
Information technology	5,794	6,268			6,884	7,486
Vehicles and trailers	7,708	8,339			9,101	9,282
Facilities and other	11,143	11,702	13,139	14,029
	55,121		59,511		65,024		70,077		71,542
Less accumulated depreciation and amortization	26,967		29,082		31,416		34,325		35,061
Net property and equipment	28,154	30,429	33,608	35,752	36,481
Other Long-Term Assets
Operating lease right-of-use-assets, net	-		-	13,917	15,383	15,414
Goodwill	6,973	6,884			6,372	6,992	6,843
Other assets	3,862	4,004			3,257	4,070	3,764
Total other long-term assets	10,835		10,888		23,546		26,445		26,021
	$ 52,330	$ 54,403	$ 73,537	$ 82,777	$ 82,048
LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT
Current Liabilities
Current portion of long-term debt	$ 1,342	$ 964	$	51	$ 146	$ 125
Accrued salaries and employee benefits	2,177	1,741			1,569	2,903	2,200
Accounts payable	2,977	3,030			3,269	3,841	3,822
Operating lease liabilities	-		-			1,923	2,208	2,263
Accrued expenses	3,131	3,278			3,532	4,562	4,500
Total current liabilities	9,627		9,013		10,344		13,660		12,910
Long-Term Debt, Less Current Portion	15,243	16,617	21,952	20,733	20,554
Other Long-Term Liabilities
Deferred income taxes	2,867	2,821			3,162	3,927	3,969
Pension, postretirement healthcare and other benefit obligations	2,187	5,095			5,019	3,501	3,451
Self-insurance accruals	1,784	1,899			2,104	2,430	2,484
Operating lease liabilities	-		-	12,195	13,375	13,382
Deferred lease obligations	551	531			-		-		-
Other liabilities	655	670			466	983	977
Total other long-term liabilities	8,044		11,016		22,946		24,216		24,263
Commitments and Contingencies
Common Stockholders' Investment
Common stock $0.10 par value; 800 million shares auth.	32	32			32	32	32
Additional paid-in capital	3,117	3,231			3,356	3,481	3,610
Retained earnings	24,823	24,648	25,216	29,817	30,462
Accumulated other comprehensive (loss) income	(578)	(865)			(1,147)	(732)	(881)
Treasury stock, at cost	(7,978)	(9,289)			(9,162)	(8,430)	(8,902)
Total common stockholders' investment	19,416		17,757		18,295		24,168		24,321
	$ 52,330	$ 54,403	$ 73,537	$ 82,777	$ 82,048

Current period financial results are unaudited. Differences may result due to rounding.

Q1 FY22 Stat Book / 2