Rubin Beck

Mission Statement

“FedEx will produce superior financial returns for shareowners by providing high value-added supply chain, transportation, business and related information services through focused operating companies competing collectively, and managed collaboratively, under the respected FedEx brand.”

FedEx Trading History

FedEx originated in 1913 by C.J. Tower & Sons in Niagara Falls, N.Y.

McGraw-Hill purchased FedEx in 1986.

C.J. Tower & Sons became Tower Group International Inc.

Growth throughout time

FedEx did not establish a profit until July 1975.FedEx played a key role in preventing

air cargo deregulation.FedEx began to see profits in the mid

1980’s.FedEx was the first company to reach

a $1 billion dollar revenue within ten years of forming the company.

First done by FedEx

First company to offer overnight delivery.

First to offer next day delivery.

First to make deliveries on Saturday.

First company to be able to offer an exact time for freight delivery.

First company to offer a refund.

FedEx History

In 1994 Federal Express shortened its company name to FedEx.In 2000 the company changed the name

once more to FedEx Express. In 1990 FedEx was the first company to

win the Malcolm Baldrige National Quality Award.Today FedEx ships more than 2.4 million

packages a day.

FedEx History

The company was formed in 1971 and opened for business on April 17, 1971.

The company used 14 small planes to transport packages to the Memphis airport.

That night they delivered 186 packages to about 25 cities.

Current Event

In the year 2004 FedEx has made over $25 billion through Anchorage Hub.

FedEx has increased its business in China over 50% in the past year.

FedEx’s stock has doubled in the last year because of the large Asian market

FedEx is one of the leading competitors in transporting Asian Cargo.

Current Event

The main concern FedEx faced in 2001 was expanding its company.

In 2001 after UPS purchased Mail Box Etc., FedEx decided to purchase Kinko's.

FedEx has sent its employees to over 700,000 hours of training Kinko's staff.

FedEx hopes this new campaign will be worth the $20 million spent to revamp this company.

Income StatementI ncome Statement

May 04 May 03

Revenue 24,710.00 22,487.00

Cost of Goods Sold 10,732.00 9,887.00

Gross Profit 13,978.00 12,600.00

Gross Profit Margin 56.60% 56.00%

SG&A Expense 10,728.00 9,778.00

Depreciation & Amortization 1,375.00 1,351.00

Operating I ncome 1,875.00 1,471.00

Operating Margin 7.60% 6.50%

Nonoperating I ncome 15 -15

Nonoperating Expenses 136 118

I ncome Before Taxes 1,319.00 1,338.00

I ncome Taxes 481 508

Net I ncome After Taxes 838 830

Continuing Operations 838 830

Discontinued Operations 0 0

Total Operations 838 830

Total Net I ncome 838 830

Balance SheetBalance Sheet May 04 May 03

Assets

Current Assets

Cash 1,046.00 538

Net Receivables 3,027.00 2,627.00

I nventories 249 228

Other Current Assets 648 548

Total Current Assets 4,970.00 3,941.00

Net Fixed Assets 9,037.00 8,700.00

Other Noncurrent Assets 5,127.00 2,744.00

Total Assets 19,134.00 15,385.00

Liabilities and Shareholders' EquityCurrent Liabilities

Accounts Payable 1,615.00 1,168.00

Short-Term Debt 750 308

Other Current Liabilities 2,367.00 1,859.00

Total Current Liabilities 4,732.00 3,335.00

Long-Term Debt 2,837.00 1,709.00

Other Noncurrent Liabilities 2,348.00 2,171.00

Total Liabilities 11,098.00 8,097.00

Preferred Stock Equity 0 0

Common Stock Equity 8,036.00 7,288.00

Total Equity 8,036.00 7,288.00

Shareholders' Equity

Annual Stock Chart

Bibliography

Annual Stock Chart. (2004). Retrieved October 28, 2004 from http://premium.hoovers.com/subscribe/co/fin/stockchart.xhtml?ID=10552&ticker=FDX&type=year

FedEx Corporate History. (2004). Retrieved October 28, 2004 from http://www.fedex.com/us/about/today/history/

FedEx Historical Timeline. (2004). Retrieved October 28, 2004 from http://fedex.com/us/about/today/history/timeline.html?link=4

Bibliography

Mission Statement. (2004) Retrieved November 9, 2004 from http://www.fedex.com/us/about/today/mission.html?link=2 History. (2004) Retrieved November 9, 2004

from http://www.fedex.com/us/about/today/history/?link=2 Current Event. (2004) Retrieved November 10,

2004 from http://chiron.gsu.edu/cgi-bin/homepage.cgi?style=&_id=a8128c7d-1101229696-0495&_cc=1

Bibliography

Video.(2004) Retrieved November 10, 2004 from http://www.gotoslawek.org/movies_e.html

Sound, Space mountain.(2004) Retrieved November 10, 2004 from http://www.michaelpeterson.net/SpaceMountain.htm