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: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2012 10-K (Filed: July 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2012 | May 31, 2011 | May 31, 2010 | |
| Cash provided by operations: | |||
| Net income | $ 2,223 | 2,133 | 1,907 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 373 | 335 | 324 |
| Deferred income taxes | (60) | (76) | 8 |
| Stock-based compensation (Note 11) | 130 | 105 | 159 |
| Amortization and other | 32 | 23 | 72 |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (323) | (273) | 182 |
| (Increase) decrease in inventories | (805) | (551) | 285 |
| (Increase) decrease in prepaid expenses and other current assets | (141) | (35) | (70) |
| Increase (decrease) in accounts payable, accrued liabilities and income taxes payable | 470 | 151 | 297 |
| Cash provided by operations | 1,899 | 1,812 | 3,164 |
| Cash provided (used) by investing activities: | |||
| Purchases of short-term investments | (2,705) | (7,616) | (3,724) |
| Maturities of short-term investments | 2,585 | 4,313 | 2,334 |
| Sales of short-term investments | 1,244 | 2,766 | 453 |
| Additions to property, plant and equipment | (597) | (432) | (335) |
| Disposals of property, plant and equipment | 2 | 1 | 10 |
| Increase in other assets, net of other liabilities | (37) | (30) | (11) |
| Settlement of net investment hedges | 22 | (23) | 5 |
| Cash provided (used) by investing activities | 514 | (1,021) | (1,268) |
| Cash used by financing activities: | |||
| Reductions in long-term debt, including current portion | (203) | (8) | (32) |
| (Decrease) increase in notes payable | (65) | 41 | (205) |
| Proceeds from exercise of stock options and other stock issuances | 468 | 345 | 364 |
| Excess tax benefits from share-based payment arrangements | 115 | 64 | 58 |
| Repurchase of common stock | (1,814) | (1,859) | (741) |
| Dividends - common and preferred | (619) | (555) | (505) |
| Cash used by financing activities | (2,118) | (1,972) | (1,061) |
| Effect of exchange rate changes | 67 | 57 | (47) |
| Net increase (decrease) in cash and equivalents | 362 | (1,124) | 788 |
| Cash and equivalents, beginning of year | 1,955 | 3,079 | |
| CASH AND EQUIVALENTS, END OF YEAR | 2,317 | 1,955 | 3,079 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 29 | 32 | 48 |
| Income taxes | 638 | 736 | 537 |
| Dividends declared and not paid | 165 | 145 | 131 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2012 | |
| 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 |