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: 2012 | |||
Consolidated Statements Of Income | |||
Period Ending May 31, 2012 10-K (Filed: July 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2012 | May 31, 2011 | May 31, 2010 | |
| Revenues | $ 24,128 | 20,862 | 19,014 |
| Cost of sales | 13,657 | 11,354 | 10,214 |
| Gross profit | 10,471 | 9,508 | 8,800 |
| Demand creation expense | 2,711 | 2,448 | 2,356 |
| Operating overhead expense | 4,720 | 4,245 | 3,970 |
| Total selling and administrative expense | 7,431 | 6,693 | 6,326 |
| Interest expense, net (Notes 6, 7 and 8) | 3 | 4 | 6 |
| Other expense (income), net (Note 16) | 54 | (33) | (49) |
| Income before income taxes | 2,983 | 2,844 | 2,517 |
| Income tax expense (Note 9) | 760 | 711 | 610 |
| Net income | 2,223 | 2,133 | 1,907 |
| Basic earnings per common share (Notes 1 and 12)(in dollars per share) | 4.83 | 4.48 | 3.93 |
| Diluted earnings per common share (Notes 1 and 12)(in dollars per share) | 4.73 | 4.39 | 3.86 |
| Dividends declared per common share (in dollars per share) | 1.39 | 1.20 | 1.06 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2012 10-K (Filed: July 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2012 | May 31, 2011 | May 31, 2010 | |
| Cash provided by operations: | |||
| Net income | $ 2,223 | 2,133 | 1,907 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 373 | 335 | 324 |
| Deferred income taxes | (60) | (76) | 8 |
| Stock-based compensation (Note 11) | 130 | 105 | 159 |
| Amortization and other | 32 | 23 | 72 |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (323) | (273) | 182 |
| (Increase) decrease in inventories | (805) | (551) | 285 |
| (Increase) decrease in prepaid expenses and other current assets | (141) | (35) | (70) |
| Increase (decrease) in accounts payable, accrued liabilities and income taxes payable | 470 | 151 | 297 |
| Cash provided by operations | 1,899 | 1,812 | 3,164 |
| Cash provided (used) by investing activities: | |||
| Purchases of short-term investments | (2,705) | (7,616) | (3,724) |
| Maturities of short-term investments | 2,585 | 4,313 | 2,334 |
| Sales of short-term investments | 1,244 | 2,766 | 453 |
| Additions to property, plant and equipment | (597) | (432) | (335) |
| Disposals of property, plant and equipment | 2 | 1 | 10 |
| Increase in other assets, net of other liabilities | (37) | (30) | (11) |
| Settlement of net investment hedges | 22 | (23) | 5 |
| Cash provided (used) by investing activities | 514 | (1,021) | (1,268) |
| Cash used by financing activities: | |||
| Reductions in long-term debt, including current portion | (203) | (8) | (32) |
| (Decrease) increase in notes payable | (65) | 41 | (205) |
| Proceeds from exercise of stock options and other stock issuances | 468 | 345 | 364 |
| Excess tax benefits from share-based payment arrangements | 115 | 64 | 58 |
| Repurchase of common stock | (1,814) | (1,859) | (741) |
| Dividends - common and preferred | (619) | (555) | (505) |
| Cash used by financing activities | (2,118) | (1,972) | (1,061) |
| Effect of exchange rate changes | 67 | 57 | (47) |
| Net increase (decrease) in cash and equivalents | 362 | (1,124) | 788 |
| Cash and equivalents, beginning of year | 1,955 | 3,079 | |
| CASH AND EQUIVALENTS, END OF YEAR | 2,317 | 1,955 | 3,079 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 29 | 32 | 48 |
| Income taxes | 638 | 736 | 537 |
| Dividends declared and not paid | 165 | 145 | 131 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NIKE, INC. | ||
Ticker: NKE Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending May 31, 2012 10-K (Filed: July 24, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2012 | May 31, 2011 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 2,317 | 1,955 |
| Short-term investments (Note 6) | 1,440 | 2,583 |
| Accounts receivable, net (Note 1) | 3,280 | 3,138 |
| Inventories (Notes 1 and 2) | 3,350 | 2,715 |
| Deferred income taxes (Note 9) | 274 | 312 |
| Prepaid expenses and other current assets (Notes 6 and 16) | 870 | 594 |
| Total current assets | 11,531 | 11,297 |
| Property, plant and equipment, net (Note 3) | 2,279 | 2,115 |
| Identifiable intangible assets, net (Note 4) | 535 | 487 |
| Goodwill (Note 4) | 201 | 205 |
| Deferred income taxes and other assets (Notes 6, 9 and 16) | 919 | 894 |
| TOTAL ASSETS | 15,465 | 14,998 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt (Note 8) | 49 | 200 |
| Notes payable (Note 7) | 108 | 187 |
| Accounts payable (Note 7) | 1,588 | 1,469 |
| Accrued liabilities (Notes 5, 6 and 16) | 2,053 | 1,985 |
| Income taxes payable (Note 9) | 67 | 117 |
| Total current liabilities | 3,865 | 3,958 |
| Long-term debt (Note 8) | 228 | 276 |
| Deferred income taxes and other liabilities (Notes 6, 9 and 16) | 991 | 921 |
| Commitments and contingencies (Note 15) | ||
| Redeemable Preferred Stock (Note 10) | 0 | 0 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 4,641 | 3,944 |
| Accumulated other comprehensive income (Note 14) | 149 | 95 |
| Retained earnings | 5,588 | 5,801 |
| Total shareholders' equity | 10,381 | 9,843 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 15,465 | 14,998 |
| Class of Stock | ||
| Class A Convertible Common Stock | ||
| Common Stock | 0 | 0 |
| Class B Common Stock | ||
| Common Stock | 3 | 3 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2012 | |
| 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 |