FedEx Logo FedEx Corporation Annual Report 2008
[Introduction]
[Financial Highlights]
[Message from the Chairman]
[FedEx Overview]
[Expanding Possibilities]
[Message from the CFO]
[Board of Directors]
[Senior Officers]
[Corporate Information]
[Financials & PDFs]
FINANCIAL HIGHLIGHTS

In millions, except earnings per share
  2008(1) 2007(2) Percent
Change
 
Operating Results  
Revenue $37,953   $35,214   8  
Operating income 2,075   3,276   (37 )
Operating margin 5.5 % 9.3 %    
Net income 1,125   2,016   (44 )
Diluted earnings per share 3.60   6.48   (44 )
Average common and common equivalent shares 312   311   0  
Capital expenditures 2,947   2,882   2  


Financial Position
 
Total assets $25,633   $24,000   7  
Long-term debt, including current portion 2,008   2,646   (24 )
Common stockholders' investment 14,526   12,656   15  


(click charts to enlarge)

Revenue chart Operating Margin chart Diluted Earnings chart
Return on Average Equity chart Debt to Total Capitalization chart Stock Price chart


(1) Results for 2008 include a charge of approximately $891 million ($696 million, net of tax, or $2.23 per diluted share), predominantly related to noncash impairment charges associated with the decision to minimize the use of the Kinko's trade name and goodwill resulting from the Kinko's acquisition.
(2) Results for 2007 include a $143 million charge associated with upfront compensation and benefits under the new pilot labor contract.

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