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: 2013 | |||
Consolidated Statements Of Income | |||
Period Ending May 31, 2013 10-K (Filed: July 23, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2013 | May 31, 2012 | May 31, 2011 | |
| Revenues | $ 25,313 | 23,331 | 20,117 |
| Cost of sales | 14,279 | 13,183 | 10,915 |
| Gross profit | 11,034 | 10,148 | 9,202 |
| Demand creation expense | 2,745 | 2,607 | 2,344 |
| Operating overhead expense | 5,035 | 4,458 | 4,017 |
| Total selling and administrative expense | 7,780 | 7,065 | 6,361 |
| Interest (income) expense, net (Notes 6, 7 and 8) | (3) | 4 | 4 |
| Other (income) expense, net (Note 17) | (15) | 54 | (25) |
| Income before income taxes | 3,272 | 3,025 | 2,862 |
| Income tax expense (Note 9) | 808 | 756 | 690 |
| NET INCOME FROM CONTINUING OPERATIONS | 2,464 | 2,269 | 2,172 |
| NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS | 21 | (46) | (39) |
| NET INCOME | 2,485 | 2,223 | 2,133 |
| Basic earnings per common share (Notes 1 and 12)(in dollars per share) | 2.75 | 2.47 | 2.28 |
| Diluted earnings per common share (Notes 1 and 12)(in dollars per share) | 2.69 | 2.42 | 2.24 |
| Basic earnings per common share (Notes 1 and 12)(in dollars per share) | 0.02 | (0.05) | (0.04) |
| Diluted earnings per common share (Notes 1 and 12)(in dollars per share) | 0.02 | (0.05) | (0.04) |
| Dividends declared per common share (in dollars per share) | 0.81 | 0.70 | 0.60 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending May 31, 2013 10-K (Filed: July 23, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2013 | May 31, 2012 | May 31, 2011 | |
| Net income | $ 2,485 | 2,223 | 2,133 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation and other(1) | 30 | (295) | 263 [1] |
| Net gain (loss) on cash flow hedges(2) | 117 | 255 | (242) [2] |
| Net gain (loss) on net investment hedges(3) | 0 | 45 | (57) [3] |
| Reclassification to net income of previously deferred (gains) losses related to hedge derivative instruments(4) | (105) | 49 | (84) [4] |
| Release of cumulative translation loss related to Umbro(5) (Notes 14 and 15) | 83 | 0 [5] | 0 |
| Total other comprehensive income, net of tax | 125 | 54 | (120) |
| TOTAL COMPREHENSIVE INCOME | 2,610 | 2,277 | 2,013 |
| [1] Net of tax (expense) benefit of $(12) million, $0 million, and $(121) million, respectively. | |||
| [2] Net of tax (expense) benefit of $(22) million, $(8) million, and $66 million, respectively. | |||
| [3] Net of tax benefit of $0 million, $0 million, and $28 million, respectively. | |||
| [4] Net of tax (benefit) expense of $0 million, $(14) million, and $24 million, respectively. | |||
| [5] Net of tax (benefit) of $(47) million, $0 million, and $0 million, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2013 10-K (Filed: July 23, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2013 | May 31, 2012 | May 31, 2011 | |
| Cash provided by operations: | |||
| Net income | $ 2,485 | 2,223 | 2,133 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 438 | 373 | 335 |
| Deferred income taxes | 21 | (60) | (76) |
| Stock-based compensation (Note 11) | 174 | 130 | 105 |
| Amortization and other | 75 | 32 | 23 |
| Net gain on divestitures | (124) | 0 | 0 |
| Changes in certain working capital components and other assets and liabilities: | |||
| Decrease (increase) in accounts receivable | 142 | (323) | (273) |
| (Increase) in inventories | (197) | (805) | (551) |
| (Increase) in prepaid expenses and other current assets | (28) | (141) | (35) |
| Increase in accounts payable, accrued liabilities and income taxes payable | 41 | 470 | 151 |
| Cash provided by operations | 3,027 | 1,899 | 1,812 |
| Cash (used) provided by investing activities: | |||
| Purchases of short-term investments | (3,702) | (2,705) | (7,616) |
| Maturities of short-term investments | 1,501 | 2,585 | 4,313 |
| Sales of short-term investments | 998 | 1,244 | 2,766 |
| Additions to property, plant and equipment | (636) | (597) | (432) |
| Disposals of property, plant and equipment | 14 | 2 | 1 |
| Proceeds from divestitures | 786 | 0 | 0 |
| Increase in other assets, net of other liabilities | (28) | (37) | (30) |
| Settlement of net investment hedges | 0 | 22 | (23) |
| Cash (used) provided by investing activities | (1,067) | 514 | (1,021) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 986 | 0 | 0 |
| Long-term debt payments, including current portion | (49) | (203) | (8) |
| Increase (decrease) in notes payable | 15 | (65) | 41 |
| Proceeds from exercise of stock options and other stock issuances | 313 | 468 | 345 |
| Excess tax benefits from share-based payment arrangements | 72 | 115 | 64 |
| Repurchase of common stock | (1,674) | (1,814) | (1,859) |
| Dividends common and preferred | (703) | (619) | (555) |
| Cash used by financing activities | (1,040) | (2,118) | (1,972) |
| Effect of exchange rate changes | 100 | 67 | 57 |
| Net increase (decrease) in cash and equivalents | 1,020 | 362 | (1,124) |
| Cash and equivalents, beginning of year | 2,317 | 1,955 | |
| CASH AND EQUIVALENTS, END OF YEAR | 3,337 | 2,317 | 1,955 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 20 | 29 | 32 |
| Income taxes | 702 | 638 | 736 |
| Dividends declared and not paid | 188 | 165 | 145 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NIKE, INC. | ||
Ticker: NKE Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending May 31, 2013 10-K (Filed: July 23, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2013 | May 31, 2012 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 3,337 | 2,317 |
| Short-term investments (Note 6) | 2,628 | 1,440 |
| Accounts receivable, net (Note 1) | 3,117 | 3,132 |
| Inventories (Notes 1 and 2) | 3,434 | 3,222 |
| Deferred income taxes (Note 9) | 308 | 262 |
| Prepaid expenses and other current assets (Notes 6 and 17) | 802 | 857 |
| Assets of discontinued operations (Note 15) | 0 | 615 |
| Total current assets | 13,626 | 11,845 |
| Property, plant and equipment, net (Note 3) | 2,452 | 2,209 |
| Identifiable intangible assets, net (Note 4) | 382 | 370 |
| Goodwill (Note 4) | 131 | 131 |
| Deferred income taxes and other assets (Notes 6, 9 and 17) | 993 | 910 |
| TOTAL ASSETS | 17,584 | 15,465 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt (Note 8) | 57 | 49 |
| Notes payable (Note 7) | 121 | 108 |
| Accounts payable (Note 7) | 1,646 | 1,549 |
| Accrued liabilities (Notes 5, 6 and 17) | 1,986 | 1,941 |
| Income taxes payable (Note 9) | 98 | 65 |
| Liabilities of discontinued operations (Note 15) | 18 | 170 |
| Total current liabilities | 3,926 | 3,882 |
| Long-term debt (Note 8) | 1,210 | 228 |
| Deferred income taxes and other liabilities (Notes 6, 9 and 17) | 1,292 | 974 |
| Commitments and contingencies (Note 16) | 0 | 0 |
| Redeemable Preferred Stock (Note 10) | 0 | 0 |
| Shareholders equity: | ||
| Capital in excess of stated value | 5,184 | 4,641 |
| Accumulated other comprehensive income (Note 14) | 274 | 149 |
| Retained earnings | 5,695 | 5,588 |
| Total shareholders equity | 11,156 | 10,381 |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 17,584 | 15,465 |
| 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 2013 | |
| 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 |