Cash Flow from Operations for FedEx Reaches Eight Year High
CashFlowNews.com reports that Cash Flow from Operations for FedEx Corporation (NYSE:FDX) for its quarter ended May 31, 2006 was USD1,457,000,000, a 26% increase over the year earlier same quarter when FedEx generated USD1,157,000,000 in Cash Flow from Operations. FedEx has generated thirteen consecutive quarters of positive Cash Flow from Operations. Cash Flow from Operations for the most recent quarter also reached a eight year high. For FedEx’s twelve months ended May 31, 2006 Cash Flow from Operations was USD3,676,000,000, compared with USD3,117,000,000, a 17.9% increase over the comparable year earlier twelve months. Cash Flow from Operations for the most recent twelve months also reached a eight year high. The shares of FedEx were recently trading at USD108.82 which is within 10% of their ten year high of USD120.01 on May 5, 2006. 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.
