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: 2017 | |||
Consolidated Statements of Income | |||
Period Ending May 31, 2017 10-K (Filed: July 20, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2017 | May 31, 2016 | May 31, 2015 | |
| Revenues | $ 34,350 | 32,376 | 30,601 |
| Cost of sales | 19,038 | 17,405 | 16,534 |
| Gross profit | 15,312 | 14,971 | 14,067 |
| Demand creation expense | 3,341 | 3,278 | 3,213 |
| Operating overhead expense | 7,222 | 7,191 | 6,679 |
| Total selling and administrative expense | 10,563 | 10,469 | 9,892 |
| Interest expense (income), net | 59 | 19 | 28 |
| Other (income) expense, net | (196) | (140) | (58) |
| Income before income taxes | 4,886 | 4,623 | 4,205 |
| Income tax expense | 646 | 863 | 932 |
| NET INCOME | 4,240 | 3,760 | 3,273 |
| Earnings per common share: | |||
| Basic (in dollars per share) | 2.56 | 2.21 | 1.90 |
| Diluted (in dollars per share) | 2.51 | 2.16 | 1.85 |
| Dividends declared per common share (in dollars per share) | 0.70 | 0.62 | 0.54 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending May 31, 2017 10-K (Filed: July 20, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2017 | May 31, 2016 | May 31, 2015 | |
| Net income | $ 4,240 | 3,760 | 3,273 |
| Other comprehensive income (loss), net of tax: | |||
| Change in net foreign currency translation adjustment | 16 | (176) | (20) |
| Change in net gains (losses) on cash flow hedges | (515) | (757) | 1,188 |
| Change in net gains (losses) on other | (32) | 5 | (7) |
| Total other comprehensive income (loss), net of tax | (531) | (928) | 1,161 |
| TOTAL COMPREHENSIVE INCOME | 3,709 | 2,832 | 4,434 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2017 10-K (Filed: July 20, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2017 | May 31, 2016 | May 31, 2015 | |
| Cash provided by operations: | |||
| Net income | $ 4,240 | 3,760 | 3,273 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 706 | 649 | 606 |
| Deferred income taxes | (273) | (80) | (113) |
| Stock-based compensation | 215 | 236 | 191 |
| Amortization and other | 10 | 13 | 43 |
| Net foreign currency adjustments | (117) | 98 | 424 |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (426) | 60 | (216) |
| (Increase) in inventories | (231) | (590) | (621) |
| (Increase) in prepaid expenses and other current assets | (120) | (161) | (144) |
| (Decrease) increase in accounts payable, accrued liabilities and income taxes payable | (364) | (889) | 1,237 |
| Cash provided by operations | 3,640 | 3,096 | 4,680 |
| Cash used by investing activities: | |||
| Purchases of short-term investments | (5,928) | (5,367) | (4,936) |
| Maturities of short-term investments | 3,623 | 2,924 | 3,655 |
| Sales of short-term investments | 2,423 | 2,386 | 2,216 |
| Investments in reverse repurchase agreements | 0 | 150 | (150) |
| Additions to property, plant and equipment | (1,105) | (1,143) | (963) |
| Disposals of property, plant and equipment | 13 | 10 | 3 |
| Other investing activities | (34) | 6 | 0 |
| Cash used by investing activities | (1,008) | (1,034) | (175) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 1,482 | 981 | 0 |
| Long-term debt payments, including current portion | (44) | (106) | (7) |
| Increase (decrease) in notes payable | 327 | (67) | (63) |
| Payments on capital lease and other financing obligations | (17) | (7) | (19) |
| Proceeds from exercise of stock options and other stock issuances | 489 | 507 | 514 |
| Excess tax benefits from share-based payment arrangements | 177 | 281 | 218 |
| Repurchase of common stock | (3,223) | (3,238) | (2,534) |
| Dividends common and preferred | (1,133) | (1,022) | (899) |
| Cash used by financing activities | (1,942) | (2,671) | (2,790) |
| Effect of exchange rate changes on cash and equivalents | (20) | (105) | (83) |
| Net increase (decrease) in cash and equivalents | 670 | (714) | 1,632 |
| Cash and equivalents, beginning of year | 3,138 | 3,852 | |
| CASH AND EQUIVALENTS, END OF YEAR | 3,808 | 3,138 | 3,852 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 98 | 70 | 53 |
| Income taxes | 703 | 748 | 1,262 |
| Non-cash additions to property, plant and equipment | 266 | 252 | 206 |
| Dividends declared and not paid | 300 | 271 | 240 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NIKE, INC. | ||
Ticker: NKE Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending May 31, 2017 10-K (Filed: July 20, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2017 | May 31, 2016 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 3,808 | 3,138 |
| Short-term investments | 2,371 | 2,319 |
| Accounts receivable, net | 3,677 | 3,241 |
| Inventories | 5,055 | 4,838 |
| Prepaid expenses and other current assets | 1,150 | 1,489 |
| Total current assets | 16,061 | 15,025 |
| Property, plant and equipment, net | 3,989 | 3,520 |
| Identifiable intangible assets, net | 283 | 281 |
| Goodwill | 139 | 131 |
| Deferred income taxes and other assets | 2,787 | 2,422 |
| TOTAL ASSETS | 23,259 | 21,379 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 6 | 44 |
| Notes payable | 325 | 1 |
| Accounts payable | 2,048 | 2,191 |
| Accrued liabilities | 3,011 | 3,037 |
| Income taxes payable | 84 | 85 |
| Total current liabilities | 5,474 | 5,358 |
| Long-term debt | 3,471 | 1,993 |
| Deferred income taxes and other liabilities | 1,907 | 1,770 |
| Commitments and contingencies | ||
| Redeemable preferred stock | 0 | 0 |
| Shareholders equity: | ||
| Capital in excess of stated value | 8,638 | 7,786 |
| Accumulated other comprehensive (loss) income | (213) | 318 |
| Retained earnings | 3,979 | 4,151 |
| Total shareholders equity | 12,407 | 12,258 |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 23,259 | 21,379 |
| 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 2017 | |
| 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 |