FedEx-09-Analysis MidTerm

FedEx-09-Analysis MidTerm - FedEx 09 Analysis 1 Fedex...

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FedEx 09 Analysis 1 Fedex Corporation 100305 Consolidated Statements of Cash Flows Year ended May 31, 2009 Net income 98 a Depreciation and amortization 1,975 b Total goodwill amortized in 2009 was $ 120 120 c Total Intangible assets amortized in 2009 was $ 98 98 d Depreciation a - b - c 1,757 1,757 Receivables, less allowances of $196 and $158 968 Spare parts, supplies and fuel, less allowances of $150 and $142 68 Deferred income taxes 33 Deferred income taxes (193) Prepaid expenses and other (188) Accrued salaries and employee benefits (257) Accounts payable (823) Accrued expenses 85 Deferred gains, principally related to aircraft (26) Other liabilities (26) Pension, postretirement healthcare and other benefit obligations (55) Impairment and other charges Self-insurance accruals 100 Prepaid pension cost 516 Foreign currency translation adjustment, net of tax of (112) Retirement plans adjustment, net of tax of $718 (1,205) Cash flow from Operating Activities: 958 Goodwill 936 + (120) b 816 e 936 Property and Equipment, at Cost 45 45 Accumulated depreciation and amortization 16 16 Depreciation and amortization (1,757) d (1,741) (1,975) Intangible and other assets (252) + (98) c (350) (252) Cash flow from Investing Activities: (1,230) (1,230) Current portion of long-term debt 151 Long-Term Debt, Less Current Portion 424 Deferred lease obligations 131 Cash Dividends declared ($0.33 per share) (137) Employee incentive plans and other 131 f Additional paid-in capital 131 Cash flow from Investing Activities: 700 Cash flow 958 + (1,230) + 700 = 428 Increase in cash 428 e Could be in CFO as there were lots of impairment charges.
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FedEx 09 Analysis 2 Question 2 100305 Capital structure 5/31/09 Average Current portion of long-term debt 653 578 Long-Term Debt, Less Current Portion 1,930 1,718 Deferred lease obligations
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This note was uploaded on 03/09/2011 for the course ACTG 516 taught by Professor Staff during the Spring '08 term at Ill. Chicago.

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FedEx-09-Analysis MidTerm - FedEx 09 Analysis 1 Fedex...

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