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: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2010 10-K (Filed: July 20, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2010 | May 31, 2009 | May 31, 2008 | |
| Cash provided by operations: | |||
| Net income | $ 1,906,700 | 1,486,700 | 1,883,400 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 323,700 | 335,000 | 303,600 |
| Deferred income taxes | 8,300 | (294,100) | (300,600) |
| Stock-based compensation (Note 11) | 159,000 | 170,600 | 141,000 |
| Impairment of goodwill, intangibles and other assets (Note 4) | 401,300 | ||
| Gain on divestitures (Note 17) | (60,600) | ||
| Amortization and other | 71,800 | 48,300 | 17,900 |
| Changes in certain working capital components and other assets and liabilities excluding the impact of acquisition and divestitures: | |||
| Decrease (increase) in accounts receivable | 181,700 | (238,000) | (118,300) |
| Decrease (increase) in inventories | 284,600 | 32,200 | (249,800) |
| (Increase) decrease in prepaid expenses and other current assets | (69,600) | 14,100 | (11,200) |
| Increase (decrease) in accounts payable, accrued liabilities and income taxes payable | 298,000 | (220,000) | 330,900 |
| Cash provided by operations | 3,164,200 | 1,736,100 | 1,936,300 |
| Cash used by investing activities: | |||
| Purchases of short-term investments | (3,724,400) | (2,908,700) | (1,865,600) |
| Maturities and sales of short-term investments | 2,787,600 | 2,390,000 | 2,246,000 |
| Additions to property, plant and equipment | (335,100) | (455,700) | (449,200) |
| Disposals of property, plant and equipment | 10,100 | 32,000 | 1,900 |
| Increase in other assets, net of other liabilities | (11,200) | (47,000) | (21,800) |
| Settlement of net investment hedges | 5,500 | 191,300 | (76,000) |
| Acquisition of subsidiary, net of cash acquired (Note 4) | (571,100) | ||
| Proceeds from divestitures (Note 17) | 246,000 | ||
| Cash used by investing activities | (1,267,500) | (798,100) | (489,800) |
| Cash used by financing activities: | |||
| Reductions in long-term debt, including current portion | (32,200) | (6,800) | (35,200) |
| (Decrease) increase in notes payable | (205,400) | 177,100 | 63,700 |
| Proceeds from exercise of stock options and other stock issuances | 364,500 | 186,600 | 343,300 |
| Excess tax benefits from share-based payment arrangements | 58,500 | 25,100 | 63,000 |
| Repurchase of common stock | (741,200) | (649,200) | (1,248,000) |
| Dividends - common and preferred | (505,400) | (466,700) | (412,900) |
| Cash used by financing activities | (1,061,200) | (733,900) | (1,226,100) |
| Effect of exchange rate changes | (47,500) | (46,900) | 56,800 |
| Net increase in cash and equivalents | 788,000 | 157,200 | 277,200 |
| Cash and equivalents, beginning of year | 2,291,100 | 2,133,900 | |
| Cash and equivalents, end of year | 3,079,100 | 2,291,100 | 2,133,900 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 48,400 | 46,700 | 44,100 |
| Income taxes | 537,200 | 765,200 | 717,500 |
| Dividends declared and not paid | 130,700 | 121,400 | 112,900 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2010 | |
| 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 |