Q4 Fiscal 2021 Statistics

Q4 Fiscal 2021 Statistics

FedEx Corporation

Financial and Operating Statistics

Fourth Quarter Fiscal 2021

June 24, 2021

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

investors.. 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

? FEDEX CORPORATION

TABLE OF CONTENTS

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

CAPITAL EXPENDITURES

7

? FEDEX EXPRESS SEGMENT

ANNUAL CONSOLIDATED STATEMENTS OF INCOME

8

QUARTERLY CONSOLIDATED STATEMENTS OF INCOME

FY2018 ? FY2019

9

FY2020 ? FY2021

10

ANNUAL OPERATING STATISTICS

11

ANNUAL FUEL SURCHARGES

12

QUARTERLY OPERATING STATISTICS

FY2018 ? FY2019

13

FY2020 ? FY2021

14

FY2022

15

QUARTERLY FUEL SURCHARGES

FY2018 ? FY2021

16

JET FUEL STATISTICS

17

AIRCRAFT AND VEHICLE FLEET STATISTICS

18

? FEDEX GROUND SEGMENT

ANNUAL CONSOLIDATED STATEMENTS OF INCOME

19

QUARTERLY CONSOLIDATED STATEMENTS OF INCOME

FY2018 ? FY2019

20

FY2020 ? FY2021

21

ANNUAL OPERATING STATISTICS

22

QUARTERLY OPERATING STATISTICS

FY2018 ? FY2022

23

? FEDEX FREIGHT SEGMENT

ANNUAL CONSOLIDATED STATEMENTS OF INCOME

24

QUARTERLY CONSOLIDATED STATEMENTS OF INCOME

FY2018 ? FY2019

25

FY2020 ? FY2021

26

ANNUAL OPERATING STATISTICS

27

QUARTERLY OPERATING STATISTICS

FY2018 ? FY2021

28

FY2022

29

FEDEX CORPORATION OVERVIEW

FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, ecommerce and business services. With annual revenue of $84 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 570,000 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 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, providing fast and reliable delivery of more than 6.5 million shipments and 29 million pounds of freight each business day. The FedEx Express business segment financial results include FedEx Custom Critical and FedEx Cross Border. FedEx Ground provides 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-sensitive business-to-consumer packages. FedEx Freight is 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 Services provides 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 Eliminations includes corporate headquarters costs for executive officers and certain legal and finance functions, as well as certain other costs and credits not attributed to our core business. These costs are not allocated to other business segments. Also included in corporate and other is FedEx Office, which provides 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. Corporate and other includes the financial results of ShopRunner, Inc. beginning December 23, 2020.

CORPORATE HEADQUARTERS:

COMMON STOCK LISTING: STOCK SYMBOL: COMMON SHARES AUTHORIZED: COMMON SHARES OUTSTANDING: STOCKHOLDERS OF RECORD: TRANSFER AGENT & REGISTRAR:

FISCAL YEAR END:

942 S. Shady Grove Road Memphis, TN 38120 The New York Stock Exchange FDX 800,000,000 266,953,179 (as of May 31, 2021) 11,639 (as of May 31, 2021) COMPUTERSHARE PO BOX 505000 Louisville, KY 40233-5000 (800) 446-2617 May 31

Q4 FY21 Stat Book / 1

FedEx Corporation Condensed Consolidated Balance Sheets

FY 2018 ? FY 2021

May 31 . In millions (except share data)

ASSETS

Current Assets Cash and cash equivalents Receivables, less allowances Spare parts, supplies and fuel, less allowances Prepaid expenses and other Total current assets

Property and Equipment, at Cost Aircraft and related equipment Package handling and ground support equipment Information technology Vehicles and trailers Facilities and other

Less accumulated depreciation and amortization

Net property and equipment

Other Long-Term Assets Operating lease right-of-use-assets, net Goodwill Other assets Total other long-term assets

FY 2018 FY 2019 FY 2020 FY 2021

$ 3,265 8,481 525 1,070

13,341

$ 2,319 9,116 553 1,098

13,086

$ 4,881 10,102

572 828

16,383

$ 7,087 11,977

587 929

20,580

20,749 9,727 5,794 7,708

11,143 55,121

26,967

28,154

22,793 10,409

6,268 8,339 11,702 59,511

29,082

30,429

24,518 11,382

6,884 9,101 13,139 65,024

31,416

33,608

26,268 13,012

7,486 9,282 14,029 70,077

34,325

35,752

-- 6,973 3,862 10,835

$ 52,330

-- 6,884 4,004 10,888

$ 54,403

13,917 6,372 3,257

23,546

$ 73,537

15,383 6,992 4,070

26,445

$ 82,777

LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT

Current Liabilities Current portion of long-term debt Accrued salaries and employee benefits Accounts payable Operating lease liabilities Accrued expenses

Total current liabilities

$ 1,342 2,177 2,977 -- 3,131

9,627

$ 964 1,741 3,030 -- 3,278

9,013

$ 51 1,569 3,269 1,923 3,532

10,344

$ 146 2,903 3,841 2,208 4,562

13,660

Long-Term Debt, Less Current Portion

15,243 16,617 21,952 20,733

Other Long-Term Liabilities Deferred income taxes Pension, postretirement healthcare and other benefit obligations Self-insurance accruals Operating lease liabilities Deferred lease obligations Other liabilities1

Total other long-term liabilities

2,867 2,187 1,784

-- 551

655 8,044

2,821 5,095 1,899

-- 531

670 11,016

3,162 5,019 2,104 12,195

--

466 22,946

3,927 3,501 2,430 13,375

--

983 24,216

Commitments and Contingencies

Common Stockholders' Investment Common stock $0.10 par value; 800 million shares auth. Additional paid-in capital Retained earnings Accumulated other comprehensive (loss) income Treasury stock, at cost

Total common stockholders' investment

32 3,117 24,823

(578) (7,978)

19,416

32 3,231 24,648

(865) (9,289)

17,757

32 3,356 25,216 (1,147) (9,162)

18,295

32 3,481 29,817

(732) (8,430)

24,168

$ 52,330 $ 54,403 $ 73,537 $ 82,777

1 - In FY20, we collapsed the "Deferred lease obligations" line into "Other liabilities." Current period financial results are unaudited. Differences may result due to rounding.

2 / Q4 FY21 Stat Book

FedEx Corporation Condensed Consolidated Statements of Cash Flows

FY 2018 ? FY 2021

Years ended May 31 . In millions

OPERATING ACTIVITIES Net income Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization Provision for uncollectible accounts Other noncash items and deferred income taxes Stock-based compensation Retirement plans mark-to-market adjustments Loss on extinguishment of debt Gain from sale of business Business realignment costs Goodwill and other asset impairment charges Changes in operating assets and liabilities, net of the effects of businesses acquired: Receivables Other current assets Pension and postretirement assets and liabilities, net Accounts payable and other operating liabilities Other, net

Cash provided by operating activities

INVESTING ACTIVITIES Capital expenditures Business acquisitions, net of cash acquired Proceeds from sale of business Proceeds from asset dispositions and other

Cash used in investing activities

FINANCING ACTIVITIES

Payments on debt Proceeds from debt issuances Proceeds from stock issuances Dividends paid Purchase of treasury stock Other, net

Cash provided by (used in) financing activities

Effect of exchange rate changes on cash

CASH AND CASH EQUIVALENTS Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

FY 2018 FY 2019 FY 2020 FY 2021 $ 4,572 $ 540 $ 1,286 $ 5,231

3,095

246 (231) 167

(10) ?

(85) --

380

3,353

295 (233) 174 3,882

? (8) 101

--

3,615

442 2,449

168 794

? -- --

435

3,793

577 2,887

200 (1,176)

393 --

102

--

(1,049) (135)

(2,345) 141 (72)

4,674

(873) (1,331)

(25)

(59)

(909) (571) (113)

5,613

(908) (1,787)

(7)

5,097

(1,297) (132)

(275) 29

(197)

10,135

(5,663) (179) 123 42

(5,677)

(5,490) (66) -- 83

(5,473)

(5,868) -- -- 22

(5,846)

(5,884) (228) -- 102

(6,010)

(38) 1,480

327 (535) (1,017)

10

227

72

(1,436) 2,463

101 (683) (1,480)

(4)

(1,039)

(47)

(2,548) 6,556

64 (679)

(3) (9)

3,381

(70)

(6,318) 4,212

740 (686)

-- (38)

(2,090)

171

(704) 3,969

$ 3,265

(946) 3,265

$ 2,319

2,562 2,319

$ 4,881

2,206 4,881

$ 7,087

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

Q4 FY21 Stat Book / 3

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