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FedEx to go on strike Friday
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<blockquote data-quote="Maui" data-source="post: 4475307" data-attributes="member: 45037"><p>That's a negative. You're using the adjusted number. The GAAP number is the actual reported number and what I wrote is correct.</p><p>FedEx uses the adjusted number to exclude various charges. These expenses/charges aren't included in the FY18 and FY19 adjusted figure, but must reported for accepted accounting principles:</p><ul> <li data-xf-list-type="ul">The fiscal 2019 and 2018 year-end MTM retirement plan accounting adjustments for our defined benefit pension and other postretirement plans;</li> <li data-xf-list-type="ul">TNT Express integration expenses incurred in fiscal 2019 and 2018;</li> <li data-xf-list-type="ul">Business realignment costs incurred in fiscal 2019;</li> <li data-xf-list-type="ul">Fiscal 2019 charges related to a legal matter involving FedEx Ground;</li> <li data-xf-list-type="ul">Net U.S. deferred tax liability remeasurement during fiscal 2018 and the fiscal 2019 revision to the remeasurement;</li> <li data-xf-list-type="ul">FedEx Supply Chain goodwill and other asset impairment charges incurred in fiscal 2018; and</li> <li data-xf-list-type="ul">Fiscal 2018 charges related to certain U.S. Customs and Border Protection matters involving FedEx Logistics.</li> </ul></blockquote><p></p>
[QUOTE="Maui, post: 4475307, member: 45037"] That's a negative. You're using the adjusted number. The GAAP number is the actual reported number and what I wrote is correct. FedEx uses the adjusted number to exclude various charges. These expenses/charges aren't included in the FY18 and FY19 adjusted figure, but must reported for accepted accounting principles: [LIST] [*]The fiscal 2019 and 2018 year-end MTM retirement plan accounting adjustments for our defined benefit pension and other postretirement plans; [*]TNT Express integration expenses incurred in fiscal 2019 and 2018; [*]Business realignment costs incurred in fiscal 2019; [*]Fiscal 2019 charges related to a legal matter involving FedEx Ground; [*]Net U.S. deferred tax liability remeasurement during fiscal 2018 and the fiscal 2019 revision to the remeasurement; [*]FedEx Supply Chain goodwill and other asset impairment charges incurred in fiscal 2018; and [*]Fiscal 2018 charges related to certain U.S. Customs and Border Protection matters involving FedEx Logistics. [/LIST] [/QUOTE]
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