10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending May 31, 2010 10-K (Filed: July 20, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2010 | May 31, 2009 | May 31, 2008 | |
| Revenues | $ 19,014,000 | 19,176,100 | 18,627,000 |
| Cost of sales | 10,213,600 | 10,571,700 | 10,239,600 |
| Gross margin | 8,800,400 | 8,604,400 | 8,387,400 |
| Selling and administrative expense | 6,326,400 | 6,149,600 | 5,953,700 |
| Restructuring charges (Note 16) | 195,000 | ||
| Goodwill impairment (Note 4) | 199,300 | ||
| Intangible and other asset impairment (Note 4) | 202,000 | ||
| Interest expense (income), net (Notes 6, 7 and 8) | 6,300 | (9,500) | (77,100) |
| Other (income) expense, net (Notes 17 and 18) | (49,200) | (88,500) | 7,900 |
| Income before income taxes | 2,516,900 | 1,956,500 | 2,502,900 |
| Income taxes (Note 9) | 610,200 | 469,800 | 619,500 |
| Net income | 1,906,700 | 1,486,700 | 1,883,400 |
| Basic earnings per common share (Notes 1 and 12) | 3.93 | 3.07 | 3.80 |
| Diluted earnings per common share (Notes 1 and 12) | 3.86 | 3.03 | 3.74 |
| Dividends declared per common share | 1.06 | 0.98 | 0.88 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2010 10-K (Filed: July 20, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2010 | May 31, 2009 | May 31, 2008 | |
| Cash provided by operations: | |||
| Net income | $ 1,906,700 | 1,486,700 | 1,883,400 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 323,700 | 335,000 | 303,600 |
| Deferred income taxes | 8,300 | (294,100) | (300,600) |
| Stock-based compensation (Note 11) | 159,000 | 170,600 | 141,000 |
| Impairment of goodwill, intangibles and other assets (Note 4) | 401,300 | ||
| Gain on divestitures (Note 17) | (60,600) | ||
| Amortization and other | 71,800 | 48,300 | 17,900 |
| Changes in certain working capital components and other assets and liabilities excluding the impact of acquisition and divestitures: | |||
| Decrease (increase) in accounts receivable | 181,700 | (238,000) | (118,300) |
| Decrease (increase) in inventories | 284,600 | 32,200 | (249,800) |
| (Increase) decrease in prepaid expenses and other current assets | (69,600) | 14,100 | (11,200) |
| Increase (decrease) in accounts payable, accrued liabilities and income taxes payable | 298,000 | (220,000) | 330,900 |
| Cash provided by operations | 3,164,200 | 1,736,100 | 1,936,300 |
| Cash used by investing activities: | |||
| Purchases of short-term investments | (3,724,400) | (2,908,700) | (1,865,600) |
| Maturities and sales of short-term investments | 2,787,600 | 2,390,000 | 2,246,000 |
| Additions to property, plant and equipment | (335,100) | (455,700) | (449,200) |
| Disposals of property, plant and equipment | 10,100 | 32,000 | 1,900 |
| Increase in other assets, net of other liabilities | (11,200) | (47,000) | (21,800) |
| Settlement of net investment hedges | 5,500 | 191,300 | (76,000) |
| Acquisition of subsidiary, net of cash acquired (Note 4) | (571,100) | ||
| Proceeds from divestitures (Note 17) | 246,000 | ||
| Cash used by investing activities | (1,267,500) | (798,100) | (489,800) |
| Cash used by financing activities: | |||
| Reductions in long-term debt, including current portion | (32,200) | (6,800) | (35,200) |
| (Decrease) increase in notes payable | (205,400) | 177,100 | 63,700 |
| Proceeds from exercise of stock options and other stock issuances | 364,500 | 186,600 | 343,300 |
| Excess tax benefits from share-based payment arrangements | 58,500 | 25,100 | 63,000 |
| Repurchase of common stock | (741,200) | (649,200) | (1,248,000) |
| Dividends - common and preferred | (505,400) | (466,700) | (412,900) |
| Cash used by financing activities | (1,061,200) | (733,900) | (1,226,100) |
| Effect of exchange rate changes | (47,500) | (46,900) | 56,800 |
| Net increase in cash and equivalents | 788,000 | 157,200 | 277,200 |
| Cash and equivalents, beginning of year | 2,291,100 | 2,133,900 | |
| Cash and equivalents, end of year | 3,079,100 | 2,291,100 | 2,133,900 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 48,400 | 46,700 | 44,100 |
| Income taxes | 537,200 | 765,200 | 717,500 |
| Dividends declared and not paid | 130,700 | 121,400 | 112,900 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NIKE, INC. | ||
Ticker: NKE Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2010 10-K (Filed: July 20, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| May 31, 2010 | May 31, 2009 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 3,079,100 | 2,291,100 |
| Short-term investments (Note 6) | 2,066,800 | 1,164,000 |
| Accounts receivable, net (Note 1) | 2,649,800 | 2,883,900 |
| Inventories (Notes 1 and 2) | 2,040,800 | 2,357,000 |
| Deferred income taxes (Note 9) | 248,800 | 272,400 |
| Prepaid expenses and other current assets | 873,900 | 765,600 |
| Total current assets | 10,959,200 | 9,734,000 |
| Property, plant and equipment, net (Note 3) | 1,931,900 | 1,957,700 |
| Identifiable intangible assets, net (Note 4) | 467,000 | 467,400 |
| Goodwill (Note 4) | 187,600 | 193,500 |
| Deferred income taxes and other assets (Notes 9 and 18) | 873,600 | 897,000 |
| Total assets | 14,419,300 | 13,249,600 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt (Note 8) | 7,400 | 32,000 |
| Notes payable (Note 7) | 138,600 | 342,900 |
| Accounts payable (Note 7) | 1,254,500 | 1,031,900 |
| Accrued liabilities (Notes 5 and 18) | 1,904,400 | 1,783,900 |
| Income taxes payable (Note 9) | 59,300 | 86,300 |
| Total current liabilities | 3,364,200 | 3,277,000 |
| Long-term debt (Note 8) | 445,800 | 437,200 |
| Deferred income taxes and other liabilities (Notes 9 and 18) | 855,300 | 842,000 |
| Commitments and contingencies (Note 15) | ||
| Redeemable Preferred Stock (Note 10) | 300 | 300 |
| Shareholders' equity: | ||
| Common stock at stated value (Note 11): | ||
| Capital in excess of stated value | 3,440,600 | 2,871,400 |
| Accumulated other comprehensive income (Note 14) | 214,800 | 367,500 |
| Retained earnings | 6,095,500 | 5,451,400 |
| Total shareholders' equity | 9,753,700 | 8,693,100 |
| Total liabilities and shareholders' equity | 14,419,300 | 13,249,600 |
| Class of Stock | ||
| Class A Convertible Common Stock | ||
| Common Stock | 100 | 100 |
| Class B Common Stock | ||
| Common Stock | 2,700 | 2,700 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |