FEDEX CORP
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(1)
| Four Months Ended | ||
|---|---|---|
| September 30, 2026 | September 30, 2025 | |
| Operating activities: | ||
| Net income | $5,331 | $1,137 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 1,290 | 1,450 |
| Provision for uncollectible accounts | 271 | 277 |
| Other noncash items | 963 | 1,036 |
| Gain on short-term investment | (3,254) | — |
| Gain from early extinguishment of debt | (627) | — |
| Retirement plans mark-to-market adjustments | (141) | — |
| Changes in assets and liabilities: | ||
| Receivables | 29 | (449) |
| Other assets | (536) | (575) |
| Accounts payable and other liabilities | (793) | (352) |
| Other, net | (37) | (36) |
| Cash provided by operating activities | 2,496 | 2,488 |
| Investing activities: | ||
| Purchase of equity method investment | (2,501) | — |
| Capital expenditures | (1,035) | (815) |
| Purchase of investments | (192) | (73) |
| Proceeds from sale of investments | 155 | 42 |
| Proceeds from asset dispositions and other investing activities, net | 20 | 12 |
| Cash used in investing activities | (3,553) | (834) |
| Financing activities: | ||
| Proceeds from debt issuances | 3,909 | 997 |
| Principal payments on debt | (5,748) | (631) |
| Proceeds from stock issuances | 169 | 24 |
| Dividends paid | (292) | (345) |
| Purchases of common stock | (2,000) | (776) |
| Distribution attributable to the Spin-Off | (251) | — |
| Other, net | (27) | (6) |
| Cash used in financing activities | (4,240) | (737) |
| Effect of exchange rate changes on cash | (53) | 43 |
| Net increase (decrease) in cash and cash equivalents | (5,350) | 960 |
| Cash and cash equivalents from continuing operations, beginning of period | 13,060 | 5,393 |
| Cash and cash equivalents from discontinued operations, beginning of period | 251 | 109 |
| Cash and cash equivalents at beginning of period | 13,311 | 5,502 |
| Cash and cash equivalents at end of period | $7,961 | $6,462 |
(1)The statement of cash flows has not been recast to reflect discontinued operations for any periods presented. Supplemental disclosure of operating and investing cash flows from discontinued operations is included in Note 2.
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