Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
absorbing, accident, accommodate, advance, advisory, agreed, airlift, airplane, alter, assert, assumption, attorney, AVSA, begun, Committee, compete, compliance, constrain, contemplated, contest, correct, corrective, deducted, deficiency, destroyed, discipline, disclaim, dividend, doubled, East, enabling, ensure, Ernst, escrow, examine, exit, expenditure, expressly, external, failed, focused, forecast, forfeited, forfeiture, found, gain, goal, grant, granted, grew, guarantor, hardware, headcount, healthcare, Highway, history, important, interregional, intrinsic, inverse, involve, IRS, joint, July, larger, Latin, lessor, leverage, linehaul, maintain, marketplace, mix, nonprofitable, nonreportable, offer, offered, opportunity, ownership, parent, percentage, policy, prediction, preexisting, preliminary, prepayment, Pressure, processed, properly, protest, pursued, ranged, real, receipt, recent, recently, recovered, redeemable, reliance, repair, restated, restricted, Retail, rotable, SEC, shifting, software, speak, speed, spent, stringent, Strip, successful, sudden, suddenly, suit, summarized, termination, unchanged, unconditional, undue, update, variety, vested, volatility, wake, weather, weekend, weekly, West, Young
Removed:
absent, accept, accounted, accumulated, acquire, acquired, activity, actuarial, Additionally, Administration, aftermath, aggressive, ALM, amortized, Andersen, applied, April, Arthur, automotive, brought, budget, budgeting, buy, capitalized, ceased, cessation, Chapter, check, chosen, classification, classified, clearance, closed, competitive, component, consummated, contingency, contractor, control, coverage, cumulatively, declining, deferred, Delaware, depreciation, Derivative, detailed, discounted, dramatic, elastic, emergency, Employer, entering, entity, equivalent, evaluating, executed, execution, expended, expression, facilitate, file, fixed, foreclosed, formed, grounded, hedging, identifiable, Identification, impaired, incur, Industrie, introduction, labor, leading, legacy, lender, limited, mark, matching, memorandum, mitigate, nation, nature, negotiation, nonamortization, nonstrategic, occurred, ongoing, operation, overhead, page, passed, perform, periodic, phasing, planning, population, postretirement, practicable, preceding, protection, qualified, reassessed, receiving, registrant, reimbursement, reorganization, reorganize, resumed, section, senior, sharply, shorter, size, strategic, subsequently, sufficient, superior, tender, thereon, transition, transparency, trucking, understanding, unprofitable, utilized, Viking, WASHINGTON, western
Filing tables
Filing exhibits
FDX similar filings
Filing view
External links
QuickLinks -- Click here to rapidly navigate through this document
EXHIBIT 12.1
FEDEX CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
(IN MILLIONS, EXCEPT RATIOS)
| Three Months Ended August 31, | Year Ended May 31, | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2002 | 2001 | 2002 | 2001 | 2000 | 1999 | 1998 | |||||||||||||||
Earnings: | ||||||||||||||||||||||
Income before income taxes | $ | 255 | $ | 200 | $ | 1,160 | $ | 927 | $ | 1,138 | $ | 1,061 | $ | 900 | ||||||||
Add back: | ||||||||||||||||||||||
Interest expense, net of capitalized interest | 32 | 38 | 143 | 155 | 121 | 111 | 136 | |||||||||||||||
Amortization of debt issuance costs | 1 | — | 4 | 2 | 1 | 9 | 1 | |||||||||||||||
Portion of rent expense representative of interest factor | 177 | 173 | 710 | 667 | 625 | 571 | 508 | |||||||||||||||
Earnings as adjusted | $ | 465 | $ | 411 | $ | 2,017 | $ | 1,751 | $ | 1,885 | $ | 1,752 | $ | 1,545 | ||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 32 | $ | 38 | $ | 143 | $ | 155 | $ | 121 | $ | 111 | $ | 136 | ||||||||
Capitalized interest | 5 | 9 | 27 | 27 | 35 | 39 | 33 | |||||||||||||||
Amortization of debt issuance costs | 1 | — | 4 | 2 | 1 | 9 | 1 | |||||||||||||||
Portion of rent expense representative of interest factor | 177 | 173 | 710 | 667 | 625 | 571 | 508 | |||||||||||||||
$ | 215 | $ | 220 | $ | 884 | $ | 851 | $ | 782 | $ | 730 | $ | 678 | |||||||||
Ratio of Earnings to Fixed Charges | 2.2 | 1.9 | 2.3 | 2.1 | 2.4 | 2.4 | 2.3 | |||||||||||||||
FEDEX CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) (IN MILLIONS, EXCEPT RATIOS)