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: 2011 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2011 10-K (Filed: July 22, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2011 | May 31, 2010 | May 31, 2009 | |
| Cash provided by operations: | |||
| Net income | $ 2,133 | 1,907 | 1,487 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 335 | 324 | 335 |
| Deferred income taxes | (76) | 8 | (294) |
| Stock-based compensation (Note 11) | 105 | 159 | 171 |
| Impairment of goodwill, intangibles and other assets (Note 4) | 401 | ||
| Amortization and other | 23 | 72 | 48 |
| Changes in certain working capital components and other assets and liabilities excluding the impact of acquisition and divestitures: | |||
| (Increase) decrease in accounts receivable | (273) | 182 | (238) |
| (Increase) decrease in inventories | (551) | 285 | 32 |
| (Increase) decrease in prepaid expenses and other current assets | (35) | (70) | 14 |
| Increase (decrease) in accounts payable, accrued liabilities and income taxes payable | 151 | 297 | (220) |
| Cash provided by operations | 1,812 | 3,164 | 1,736 |
| Cash used by investing activities: | |||
| Purchases of short-term investments | (7,616) | (3,724) | (2,909) |
| Maturities of short-term investments | 4,313 | 2,334 | 1,280 |
| Sales of short-term investments | 2,766 | 453 | 1,110 |
| Additions to property, plant and equipment | (432) | (335) | (456) |
| Disposals of property, plant and equipment | 1 | 10 | 33 |
| Increase in other assets, net of other liabilities | (30) | (11) | (47) |
| Settlement of net investment hedges | (23) | 5 | 191 |
| Cash used by investing activities | (1,021) | (1,268) | (798) |
| Cash used by financing activities: | |||
| Reductions in long-term debt, including current portion | (8) | (32) | (7) |
| Increase (decrease) in notes payable | 41 | (205) | 177 |
| Proceeds from exercise of stock options and other stock issuances | 345 | 364 | 187 |
| Excess tax benefits from share-based payment arrangements | 64 | 58 | 25 |
| Repurchase of common stock | (1,859) | (741) | (649) |
| Dividends - common and preferred | (555) | (505) | (467) |
| Cash used by financing activities | (1,972) | (1,061) | (734) |
| Effect of exchange rate changes | 57 | (47) | (47) |
| Net (decrease) increase in cash and equivalents | (1,124) | 788 | 157 |
| Cash and equivalents, beginning of year | 3,079 | 2,291 | |
| Cash and equivalents, end of year | 1,955 | 3,079 | 2,291 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 32 | 48 | 47 |
| Income taxes | 736 | 537 | 765 |
| Dividends declared and not paid | 145 | 131 | 121 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2011 | |
| 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 |