Fedex Corporation is a multinational delivery services company that provides transportation, e-commerce, and business services. The company is headquartered in Memphis, Tennessee, and was founded in 1971. Fedex is renowned for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location.
The cash flow statement shows how much cash or cash equivalents a company has generated and used during a specific period of time. It is divided into three sections: operating activities, investing activities, and financing activities. The cash flow statement helps investors and analysts understand how a company is managing its cash resources.
The chart above shows the cash flow of Fedex Corporation in 2024. The width of the bars represents the amount of cash flow, with wider bars indicating larger amounts.
We start on the left with the company's cash position at the beginning of the year. Because the cash decreased during the year, a part of that cash was used for financing and investing activities. The cash flow from operating activities is the largest source of cash, while the cash flow from investing activities is negative, indicating that the company spent more on new investments than it received from selling assets or investments.
The cash flow from financing activities is also negative, reflecting that the company paid out more cash for purposes such as debt repayments, share buybacks, or dividend payments. After taking the change in cash into account, we end on the right with the company's cash position at the end of the year.
To get a sense of the scale of Fedex Corporation's cash flow, we have created a real-time counter that simulates the company's cash flow for 2024. The counter starts when you scroll to this section and runs at the same speed as the company's reported cash flow.
This is not a live counter of real cash flows as they happen, but a simulation based on the company's reported cash flow for 2024. The counter is meant to give you a sense of the scale of the company's cash flow and how quickly it moves.
In 2024, Fedex Corporation generated $8,312 million in cash from operating activities, spent $5,200 million on investing activities, and spent $3,426 million on financing activities. As a result, the company's cash balance decreased by $355 million during the year.
The company's beginning cash balance was $6,856 million. Typically, this amount includes cash and cash equivalents, such as short-term investments that can be easily converted into cash. The company's ending cash balance was $6,501 million.
The company's capital expenditures for the year were $5,176 million. This amount represents the cash the company spent on investments in property, plant, and equipment. Subtracting capital expenditures from cash flow from operations gives the company's free cash flow, which was $3,136 million in 2024. This amount represents the cash the company has available to pay dividends, repurchase stock, or make other investments.
| Cash Flow from Operations | 8,312 |
| Cash Flow from Investing | -5,200 |
| Cash Flow from Financing | -3,426 |
| Changes in Cash | -314 |
| Effect of Exchange Rate Changes | -41 |
| Beginning Cash Position | 6,856 |
| Ending Cash Position | 6,501 |
| Capital Expenditures | -5,176 |
| Free Cash Flow | 3,136 |
All amounts in USD (Millions)
Fedex Corporation's cash flow in 2024 highlights a strong generation of cash from operating activities, amounting to $8,312 million. Despite substantial capital expenditures of $5,176 million, the company maintained a healthy free cash flow of $3,136 million. The negative cash flow from investing activities indicates significant investments in the company's infrastructure, while the negative cash flow from financing activities suggests substantial payouts for debt servicing and shareholder returns. Overall, Fedex's cash management reflects a strategic focus on growth and shareholder value.
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