FedEx Corporation Annual Report 2007
Introduction

Financial Highlights

Message from the Chairman

FedEx Overview

Possibility Speaks
Message from the CFO

Board of Directors

Senior Officers

Corporate Information

Financials & PDF's

Financial Highlights


In millions, except earnings per share
  2007(1)   2006(2)   Percent
Change
Operating Results  
Revenues $35,214   $32,294   9  
Operating income   3,276     3,014   9
Operating margin   9.3 %   9.3 %  
Net income   2,016     1,806   12
Diluted earnings per common share   6.48     5.83   11
Average common and common equivalent shares   311     310    
Capital expenditures   2,882     2,518   14
 
Financial Position  
Total assets $24,000   $22,690   6
Long-term debt, including current portion   2,646     2,442   8
Common stockholders' investment   12,656     11,511   10


(click on charts to enlarge)

(1) Results for 2007 include a $143 million charge associated with upfront compensation and benefits under the new pilot labor contract.
(2) Results for 2006 include a $79 million ($49 million, net of tax, or $0.16 per diluted share) charge to adjust the accounting for certain facility leases.