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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2015 10-K (Filed: July 23, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2015 | May 31, 2014 | May 31, 2013 | |
| Cash provided by operations: | |||
| Net income | $ 3,273 | 2,693 | 2,472 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 606 | 518 | 438 |
| Deferred income taxes | (113) | (11) | 20 |
| Stock-based compensation (Note 11) | 191 | 177 | 174 |
| Amortization and other | 43 | 68 | 64 |
| Net foreign currency adjustments | 424 | 56 | 66 |
| Net gain on divestitures | 0 | 0 | (124) |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (216) | (298) | 142 |
| (Increase) in inventories | (621) | (505) | (219) |
| (Increase) in prepaid expenses and other current assets | (144) | (210) | (28) |
| Increase in accounts payable, accrued liabilities and income taxes payable | 1,237 | 525 | 27 |
| Cash provided by operations | 4,680 | 3,013 | 3,032 |
| Cash used by investing activities: | |||
| Purchases of short-term investments | (4,936) | (5,386) | (4,133) |
| Maturities of short-term investments | 3,655 | 3,932 | 1,663 |
| Sales of short-term investments | 2,216 | 1,126 | 1,330 |
| Investments in reverse repurchase agreements | (150) | 0 | 0 |
| Additions to property, plant and equipment | (963) | (880) | (598) |
| Disposals of property, plant and equipment | 3 | 3 | 14 |
| Proceeds from divestitures | 0 | 0 | 786 |
| (Increase) in other assets, net of other liabilities | 0 | (2) | (2) |
| Cash used by investing activities | (175) | (1,207) | (940) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 0 | 0 | 986 |
| Long-term debt payments, including current portion | (7) | (60) | (49) |
| (Decrease) increase in notes payable | (63) | 75 | 10 |
| Payments on capital lease obligations | (19) | (17) | 0 |
| Proceeds from exercise of stock options and other stock issuances | 514 | 383 | 313 |
| Excess tax benefits from share-based payment arrangements | 218 | 132 | 72 |
| Repurchase of common stock | (2,534) | (2,628) | (1,674) |
| Dividends common and preferred | (899) | (799) | (703) |
| Cash used by financing activities | (2,790) | (2,914) | (1,045) |
| Effect of exchange rate changes on cash and equivalents | (83) | (9) | 36 |
| Net increase (decrease) in cash and equivalents | 1,632 | (1,117) | 1,083 |
| Cash and equivalents, beginning of year | 2,220 | 3,337 | |
| CASH AND EQUIVALENTS, END OF YEAR | 3,852 | 2,220 | 3,337 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 53 | 53 | 20 |
| Income taxes | 1,262 | 856 | 702 |
| Non-cash additions to property, plant and equipment | 206 | 167 | 137 |
| Dividends declared and not paid | 240 | 209 | 188 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2015 | |
| 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 |