FedEx cash flow from operations reaches seven year high

CashFlowNews.com reports that Cash Flow from Operations for FedEx Corporation for its twelve months ended August 31, 2004 was USD3,184,000,000, a 62percent increase over the year earlier same twelve months when FedEx generated USD1,963,000,000 in Cash Flow from Operations. Cash Flow from Operations for the most recent twelve months also reached a seven year high.

For FedEx’s quarter ended August 31, 2004 Cash Flow from Operations was USD737,000,000, compared with USD573,000,000, a 29percent increase over the comparable year earlier quarter. FedEx has generated six consecutive quarters of positive Cash Flow from Operations. Cash Flow from Operations for the most recent quarter also reached a eight year high.

The shares of FedEx were recently trading at USD85.40 which is within 4percent of their ten year high of USD88.90 on September 20, 2004.

Cash Flow From Operations defined by CashFlowNews.com:

Defined as Cash flow from operations or operating cash flow as found in the Cash Flow From Operations section of a company’s Cash Flow Statement, which is filed quarterly with the SEC.