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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2014 10-K (Filed: July 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2014 | May 31, 2013 | May 31, 2012 | |
| Cash provided by operations: | |||
| Net income | $ 2,693 | 2,472 | 2,211 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 518 | 438 | 373 |
| Deferred income taxes | (11) | 20 | (59) |
| Stock-based compensation (Note 11) | 177 | 174 | 130 |
| Amortization and other | 114 | 66 | 23 |
| Net gain on divestitures | 0 | (124) | 0 |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (298) | 142 | (323) |
| (Increase) in inventories | (505) | (219) | (815) |
| (Increase) in prepaid expenses and other current assets | (210) | (28) | (141) |
| Increase in accounts payable, accrued liabilities and income taxes payable | 525 | 27 | 425 |
| Cash provided by operations | 3,003 | 2,968 | 1,824 |
| Cash (used) provided by investing activities: | |||
| Purchases of short-term investments | (5,386) | (4,133) | (3,245) |
| Maturities of short-term investments | 3,932 | 1,663 | 2,663 |
| Sales of short-term investments | 1,126 | 1,330 | 1,721 |
| Additions to property, plant and equipment | (880) | (598) | (563) |
| Disposals of property, plant and equipment | 3 | 14 | 2 |
| Proceeds from divestitures | 0 | 786 | 0 |
| Increase in other assets, net of other liabilities | (2) | (2) | (14) |
| Settlement of net investment hedges | 0 | 0 | 22 |
| Cash (used) provided by investing activities | (1,207) | (940) | 586 |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 0 | 986 | 0 |
| Long-term debt payments, including current portion | (60) | (49) | (203) |
| Increase (decrease) in notes payable | 75 | 10 | (47) |
| Payments on capital lease obligations | (17) | 0 | 0 |
| Proceeds from exercise of stock options and other stock issuances | 383 | 313 | 468 |
| Excess tax benefits from share-based payment arrangements | 132 | 72 | 115 |
| Repurchase of common stock | (2,628) | (1,674) | (1,814) |
| Dividends common and preferred | (799) | (703) | (619) |
| Cash used by financing activities | (2,914) | (1,045) | (2,100) |
| Effect of exchange rate changes | 1 | 100 | 67 |
| Net (decrease) increase in cash and equivalents | (1,117) | 1,083 | 377 |
| Cash and equivalents, beginning of year | 3,337 | 2,254 | |
| CASH AND EQUIVALENTS, END OF YEAR | 2,220 | 3,337 | 2,254 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 53 | 20 | 29 |
| Income taxes | 856 | 702 | 638 |
| Non-cash additions to property, plant and equipment | 167 | 137 | 99 |
| Dividends declared and not paid | 209 | 188 | 165 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2014 | |
| 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 |