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: 2018 | |||
Consolidated Statements of Income | |||
Period Ending May 31, 2018 10-K (Filed: July 25, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2018 | May 31, 2017 | May 31, 2016 | |
| Revenues | $ 36,397 | 34,350 | 32,376 |
| Cost of sales | 20,441 | 19,038 | 17,405 |
| Gross profit | 15,956 | 15,312 | 14,971 |
| Demand creation expense | 3,577 | 3,341 | 3,278 |
| Operating overhead expense | 7,934 | 7,222 | 7,191 |
| Total selling and administrative expense | 11,511 | 10,563 | 10,469 |
| Interest expense (income), net | 54 | 59 | 19 |
| Other expense (income), net | 66 | (196) | (140) |
| Income before income taxes | 4,325 | 4,886 | 4,623 |
| Income tax expense | 2,392 | 646 | 863 |
| NET INCOME | 1,933 | 4,240 | 3,760 |
| Earnings per common share: | |||
| Basic (in dollars per share) | 1.19 | 2.56 | 2.21 |
| Diluted (in dollars per share) | 1.17 | 2.51 | 2.16 |
| Dividends declared per common share (in dollars per share) | 0.78 | 0.70 | 0.62 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending May 31, 2018 10-K (Filed: July 25, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2018 | May 31, 2017 | May 31, 2016 | |
| Net income | $ 1,933 | 4,240 | 3,760 |
| Other comprehensive income (loss), net of tax: | |||
| Change in net foreign currency translation adjustment | (6) | 16 | (176) |
| Change in net gains (losses) on cash flow hedges | 76 | (515) | (757) |
| Change in net gains (losses) on other | 34 | (32) | 5 |
| Total other comprehensive income (loss), net of tax | 104 | (531) | (928) |
| TOTAL COMPREHENSIVE INCOME | 2,037 | 3,709 | 2,832 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2018 10-K (Filed: July 25, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2018 | May 31, 2017 | May 31, 2016 | |
| Cash provided by operations: | |||
| Net income | $ 1,933 | 4,240 | 3,760 |
| Adjustments to reconcile net income to net cash provided by operations: | |||
| Depreciation | 747 | 706 | 649 |
| Deferred income taxes | 647 | (273) | (80) |
| Stock-based compensation | 218 | 215 | 236 |
| Amortization and other | 27 | 10 | 13 |
| Net foreign currency adjustments | (99) | (117) | 98 |
| Changes in certain working capital components and other assets and liabilities: | |||
| Decrease (increase) in accounts receivable | 187 | (426) | 60 |
| (Increase) in inventories | (255) | (231) | (590) |
| Decrease (increase) in prepaid expenses and other current and non-current assets | 35 | (120) | (161) |
| Increase (decrease) in accounts payable, accrued liabilities and other current and non-current liabilities | 1,515 | (158) | (586) |
| Cash provided by operations | 4,955 | 3,846 | 3,399 |
| Cash provided (used) by investing activities: | |||
| Purchases of short-term investments | (4,783) | (5,928) | (5,367) |
| Maturities of short-term investments | 3,613 | 3,623 | 2,924 |
| Sales of short-term investments | 2,496 | 2,423 | 2,386 |
| Investments in reverse repurchase agreements | 0 | 0 | 150 |
| Additions to property, plant and equipment | (1,028) | (1,105) | (1,143) |
| Disposals of property, plant and equipment | 3 | 13 | 10 |
| Other investing activities | (25) | (34) | 6 |
| Cash provided (used) by investing activities | 276 | (1,008) | (1,034) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 0 | 1,482 | 981 |
| Long-term debt payments, including current portion | (6) | (44) | (106) |
| Increase (decrease) in notes payable | 13 | 327 | (67) |
| Payments on capital lease and other financing obligations | (23) | (17) | (7) |
| Proceeds from exercise of stock options and other stock issuances | 733 | 489 | 507 |
| Repurchase of common stock | (4,254) | (3,223) | (3,238) |
| Dividends common and preferred | (1,243) | (1,133) | (1,022) |
| Tax payments for net share settlement of equity awards | (55) | (29) | (22) |
| Cash used by financing activities | (4,835) | (2,148) | (2,974) |
| Effect of exchange rate changes on cash and equivalents | 45 | (20) | (105) |
| Net increase (decrease) in cash and equivalents | 441 | 670 | (714) |
| Cash and equivalents, beginning of year | 3,808 | 3,138 | |
| CASH AND EQUIVALENTS, END OF YEAR | 4,249 | 3,808 | 3,138 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 125 | 98 | 70 |
| Income taxes | 529 | 703 | 748 |
| Non-cash additions to property, plant and equipment | 294 | 266 | 252 |
| Dividends declared and not paid | 320 | 300 | 271 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NIKE, INC. | ||
Ticker: NKE Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending May 31, 2018 10-K (Filed: July 25, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2018 | May 31, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 4,249 | 3,808 |
| Short-term investments | 996 | 2,371 |
| Accounts receivable, net | 3,498 | 3,677 |
| Inventories | 5,261 | 5,055 |
| Prepaid expenses and other current assets | 1,130 | 1,150 |
| Total current assets | 15,134 | 16,061 |
| Property, plant and equipment, net | 4,454 | 3,989 |
| Identifiable intangible assets, net | 285 | 283 |
| Goodwill | 154 | 139 |
| Deferred income taxes and other assets | 2,509 | 2,787 |
| TOTAL ASSETS | 22,536 | 23,259 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 6 | 6 |
| Notes payable | 336 | 325 |
| Accounts payable | 2,279 | 2,048 |
| Accrued liabilities | 3,269 | 3,011 |
| Income taxes payable | 150 | 84 |
| Total current liabilities | 6,040 | 5,474 |
| Long-term debt | 3,468 | 3,471 |
| Deferred income taxes and other liabilities | 3,216 | 1,907 |
| Commitments and contingencies (Note 15) | ||
| Redeemable preferred stock | 0 | 0 |
| Shareholders equity: | ||
| Capital in excess of stated value | 6,384 | 5,710 |
| Accumulated other comprehensive loss | (92) | (213) |
| Retained earnings | 3,517 | 6,907 |
| Total shareholders equity | 9,812 | 12,407 |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 22,536 | 23,259 |
| 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 2018 | |
| 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 |