| Cash Flow | 2025-11-30 | 2025-08-31 | 2025-02-28 | 2024-11-30 |
|---|---|---|---|---|
| Net income | 1,780 | 824 | 2,444 | 1,535 |
| Depreciation and amortization | 2,160 | 1,092 | 3,207 | 2,141 |
| Provision for uncollectible accounts | 469 | 219 | 382 | 250 |
| Other noncash items including leases and deferred income taxes | -1,437 | -718 | -2,353 | -1,589 |
| Stock-based compensation | 99 | 56 | 116 | 84 |
| Separation and other costs, net of payments | 146 | 27 | - | - |
| Business optimization costs, net of payments | -130 | 110 | -114 | -125 |
| Receivables | 1,315 | 336 | 692 | 1,079 |
| Other assets | 253 | 160 | 68 | 111 |
| Accounts payable and other liabilities | -725 | -571 | -3,383 | -2,087 |
| Other, net | 1 | 43 | -44 | -58 |
| Cash provided by operating activities | 3,667 | 1,716 | 4,517 | 2,505 |
| Capital expenditures | 1,380 | 623 | 2,582 | 1,585 |
| Purchase of investments | 326 | 34 | 197 | 107 |
| Proceeds from sale of investments | 177 | 30 | 77 | 52 |
| Proceeds from asset dispositions and other investing activities, net | 49 | 8 | 42 | 34 |
| Cash used in investing activities | -1,480 | -619 | -2,660 | -1,606 |
| Proceeds from debt issuances | 997 | 997 | - | - |
| Principal payments on debt | 647 | 625 | 89 | 47 |
| Proceeds from stock issuances | 50 | 18 | 472 | 440 |
| Dividends paid | 687 | 345 | 1,008 | 676 |
| Purchases of common stock | 796 | 500 | 2,517 | 2,020 |
| Other | -9 | -5 | -30 | -6 |
| Cash used in financing activities | -1,092 | -460 | -3,172 | -2,309 |
| Effect of exchange rate changes on cash | -27 | 27 | -51 | -62 |
| Net increase (decrease) in cash and cash equivalents | 1,068 | 664 | -1,366 | -1,472 |
| Cash and cash equivalents at beginning of period | 5,502 | 5,502 | 6,501 | 6,501 |
| Cash and cash equivalents at end of period | 6,570 | 6,166 | 5,135 | 5,029 |
FEDEX CORP (FDX)
FEDEX CORP (FDX)