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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2013 10-K (Filed: July 23, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2013 | May 31, 2012 | May 31, 2011 | |
| Cash provided by operations: | |||
| Net income | $ 2,485 | 2,223 | 2,133 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 438 | 373 | 335 |
| Deferred income taxes | 21 | (60) | (76) |
| Stock-based compensation (Note 11) | 174 | 130 | 105 |
| Amortization and other | 75 | 32 | 23 |
| Net gain on divestitures | (124) | 0 | 0 |
| Changes in certain working capital components and other assets and liabilities: | |||
| Decrease (increase) in accounts receivable | 142 | (323) | (273) |
| (Increase) in inventories | (197) | (805) | (551) |
| (Increase) in prepaid expenses and other current assets | (28) | (141) | (35) |
| Increase in accounts payable, accrued liabilities and income taxes payable | 41 | 470 | 151 |
| Cash provided by operations | 3,027 | 1,899 | 1,812 |
| Cash (used) provided by investing activities: | |||
| Purchases of short-term investments | (3,702) | (2,705) | (7,616) |
| Maturities of short-term investments | 1,501 | 2,585 | 4,313 |
| Sales of short-term investments | 998 | 1,244 | 2,766 |
| Additions to property, plant and equipment | (636) | (597) | (432) |
| Disposals of property, plant and equipment | 14 | 2 | 1 |
| Proceeds from divestitures | 786 | 0 | 0 |
| Increase in other assets, net of other liabilities | (28) | (37) | (30) |
| Settlement of net investment hedges | 0 | 22 | (23) |
| Cash (used) provided by investing activities | (1,067) | 514 | (1,021) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 986 | 0 | 0 |
| Long-term debt payments, including current portion | (49) | (203) | (8) |
| Increase (decrease) in notes payable | 15 | (65) | 41 |
| Proceeds from exercise of stock options and other stock issuances | 313 | 468 | 345 |
| Excess tax benefits from share-based payment arrangements | 72 | 115 | 64 |
| Repurchase of common stock | (1,674) | (1,814) | (1,859) |
| Dividends common and preferred | (703) | (619) | (555) |
| Cash used by financing activities | (1,040) | (2,118) | (1,972) |
| Effect of exchange rate changes | 100 | 67 | 57 |
| Net increase (decrease) in cash and equivalents | 1,020 | 362 | (1,124) |
| Cash and equivalents, beginning of year | 2,317 | 1,955 | |
| CASH AND EQUIVALENTS, END OF YEAR | 3,337 | 2,317 | 1,955 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 20 | 29 | 32 |
| Income taxes | 702 | 638 | 736 |
| Dividends declared and not paid | 188 | 165 | 145 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2013 | |
| 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 |