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Essay / Research Paper Abstract
A 4 page paper examining cash flow at FedEx 2003 – 2005. It was during this period that FedEx acquired Kinko's, a fact reflected in the company's changes in cash. The paper includes 10 quotes from an introductory accounting textbook. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSacctCaFlFDX.rtf
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Unformatted sample text from the term paper:
Federal Express (FedEx) and United Parcel Service (UPS) have been perennial rivals and the leaders of their industry. Certainly there are other competitors - Airborne, DHL and some others
- but they are far away from being real threats to either FedEx or UPS. Both companies recently acquired others. UPS acquired
Mailboxes, Etc. in 2001 (Miller, 2003); FedEx acquired Kinkos in 2003 (Samson, 2004). Their cash flow statements reflect their large purchases, particularly FedExs high-priced one.
The companies both altered and cemented their points of focus with the acquisitions. UPS chose to concentrate on the consumer market; FedEx continued to court business
customers. At least one of the benefits of acquiring Kinkos was that FedEx could arrange to continue delivering businesses promotional materials to remote locations without the need for physically
transporting them from one place to another. As fuel prices continue to increase, the decision was one that was made at a highly beneficial point in the companys history.
FedEx Kinkos offers remote printing for businesses, by which the home office can cause brochures, fact sheets and other results of business printing to be printed at a Kinkos
location where the material is needed, saving the cost of shipping heavy boxes. Table 1. FedEx Cash Flow 2003 - 2005
PERIOD ENDING 31- 31-May-04 31-May-03 Net Income 1,449,000 838,000 830,000 Operating Activities, Cash Flows Provided By or Used In Depreciation 1,462,000
1,375,000 1,351,000 Adjustments To Net Income 200,000 141,000 434,000 Changes In Accounts Receivables (235,000) (307,000) (197,000) Changes In
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