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: 2019 | |||
Consolidated Statements of Income | |||
Period Ending May 31, 2019 10-K (Filed: July 23, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2019 | May 31, 2018 | May 31, 2017 | |
| Revenues | $ 39,117 | 36,397 | 34,350 |
| Cost of sales | 21,643 | 20,441 | 19,038 |
| Gross profit | 17,474 | 15,956 | 15,312 |
| Demand creation expense | 3,753 | 3,577 | 3,341 |
| Operating overhead expense | 8,949 | 7,934 | 7,222 |
| Total selling and administrative expense | 12,702 | 11,511 | 10,563 |
| Interest expense (income), net | 49 | 54 | 59 |
| Other (income) expense, net | (78) | 66 | (196) |
| Income before income taxes | 4,801 | 4,325 | 4,886 |
| Income tax expense | 772 | 2,392 | 646 |
| NET INCOME | 4,029 | 1,933 | 4,240 |
| Earnings per common share: | |||
| Basic (in dollars per share) | 2.55 | 1.19 | 2.56 |
| Diluted (in dollars per share) | 2.49 | 1.17 | 2.51 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 1,579,700 | 1,623,800 | 1,657,800 |
| Diluted (in shares) | 1,618,400 | 1,659,100 | 1,692,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending May 31, 2019 10-K (Filed: July 23, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2019 | May 31, 2018 | May 31, 2017 | |
| Net income | $ 4,029 | 1,933 | 4,240 |
| Other comprehensive income (loss), net of tax: | |||
| Change in net foreign currency translation adjustment | (173) | (6) | 16 |
| Change in net gains (losses) on cash flow hedges | 503 | 76 | (515) |
| Change in net gains (losses) on other | (7) | 34 | (32) |
| Total other comprehensive income (loss), net of tax | 323 | 104 | (531) |
| TOTAL COMPREHENSIVE INCOME | 4,352 | 2,037 | 3,709 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2019 10-K (Filed: July 23, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2019 | May 31, 2018 | May 31, 2017 | |
| Cash provided by operations: | |||
| Net income | $ 4,029 | 1,933 | 4,240 |
| Adjustments to reconcile net income to net cash provided by operations: | |||
| Depreciation | 705 | 747 | 706 |
| Deferred income taxes | 34 | 647 | (273) |
| Stock-based compensation | 325 | 218 | 215 |
| Amortization and other | 15 | 27 | 10 |
| Net foreign currency adjustments | 233 | (99) | (117) |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (270) | 187 | (426) |
| (Increase) decrease in inventories | (490) | (255) | (231) |
| (Increase) decrease in prepaid expenses and other current and non-current assets | (203) | 35 | (120) |
| Increase (decrease) in accounts payable, accrued liabilities and other current and non-current liabilities | 1,525 | 1,515 | (158) |
| Cash provided by operations | 5,903 | 4,955 | 3,846 |
| Cash provided (used) by investing activities: | |||
| Purchases of short-term investments | (2,937) | (4,783) | (5,928) |
| Maturities of short-term investments | 1,715 | 3,613 | 3,623 |
| Sales of short-term investments | 2,072 | 2,496 | 2,423 |
| Additions to property, plant and equipment | (1,119) | (1,028) | (1,105) |
| Disposals of property, plant and equipment | 5 | 3 | 13 |
| Other investing activities | 0 | (25) | (34) |
| Cash provided (used) by investing activities | (264) | 276 | (1,008) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 0 | 0 | 1,482 |
| Long-term debt payments, including current portion | (6) | (6) | (44) |
| Increase (decrease) in notes payable | (325) | 13 | 327 |
| Payments on capital lease and other financing obligations | (27) | (23) | (17) |
| Proceeds from exercise of stock options and other stock issuances | 700 | 733 | 489 |
| Repurchase of common stock | (4,286) | (4,254) | (3,223) |
| Dividends common and preferred | (1,332) | (1,243) | (1,133) |
| Tax payments for net share settlement of equity awards | (17) | (55) | (29) |
| Cash used by financing activities | (5,293) | (4,835) | (2,148) |
| Effect of exchange rate changes on cash and equivalents | (129) | 45 | (20) |
| Net increase (decrease) in cash and equivalents | 217 | 441 | 670 |
| Cash and equivalents, beginning of year | 4,249 | 3,808 | |
| CASH AND EQUIVALENTS, END OF YEAR | 4,466 | 4,249 | 3,808 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 153 | 125 | 98 |
| Income taxes | 757 | 529 | 703 |
| Non-cash additions to property, plant and equipment | 160 | 294 | 266 |
| Dividends declared and not paid | 347 | 320 | 300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NIKE, INC. | ||
Ticker: NKE Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending May 31, 2019 10-K (Filed: July 23, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2019 | May 31, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 4,466 | 4,249 |
| Short-term investments | 197 | 996 |
| Accounts receivable, net | 4,272 | 3,498 |
| Inventories | 5,622 | 5,261 |
| Prepaid expenses and other current assets | 1,968 | 1,130 |
| Total current assets | 16,525 | 15,134 |
| Property, plant and equipment, net | 4,744 | 4,454 |
| Identifiable intangible assets, net | 283 | 285 |
| Goodwill | 154 | 154 |
| Deferred income taxes and other assets | 2,011 | 2,509 |
| TOTAL ASSETS | 23,717 | 22,536 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 6 | 6 |
| Notes payable | 9 | 336 |
| Accounts payable | 2,612 | 2,279 |
| Accrued liabilities | 5,010 | 3,269 |
| Income taxes payable | 229 | 150 |
| Total current liabilities | 7,866 | 6,040 |
| Long-term debt | 3,464 | 3,468 |
| Deferred income taxes and other liabilities | 3,347 | 3,216 |
| Commitments and contingencies (Note 18) | ||
| Redeemable preferred stock | 0 | 0 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 7,163 | 6,384 |
| Accumulated other comprehensive income (loss) | 231 | (92) |
| Retained earnings | 1,643 | 3,517 |
| Total shareholders' equity | 9,040 | 9,812 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 23,717 | 22,536 |
| Class of Stock | ||
| Class A Convertible Common Stock | ||
| Common stock at stated value | 0 | 0 |
| Class B Common Stock | ||
| Common stock at stated value | 3 | 3 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2019 | |
| 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 |