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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2016 10-K (Filed: July 21, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2016 | May 31, 2015 | May 31, 2014 | |
| Cash provided by operations: | |||
| Net income | $ 3,760 | 3,273 | 2,693 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 649 | 606 | 518 |
| Deferred income taxes | (80) | (113) | (11) |
| Stock-based compensation | 236 | 191 | 177 |
| Amortization and other | 13 | 43 | 68 |
| Net foreign currency adjustments | 98 | 424 | 56 |
| Changes in certain working capital components and other assets and liabilities: | |||
| Decrease (increase) in accounts receivable | 60 | (216) | (298) |
| (Increase) in inventories | (590) | (621) | (505) |
| (Increase) in prepaid expenses and other current assets | (161) | (144) | (210) |
| (Decrease) increase in accounts payable, accrued liabilities and income taxes payable | (889) | 1,237 | 525 |
| Cash provided by operations | 3,096 | 4,680 | 3,013 |
| Cash used by investing activities: | |||
| Purchases of short-term investments | (5,367) | (4,936) | (5,386) |
| Maturities of short-term investments | 2,924 | 3,655 | 3,932 |
| Sales of short-term investments | 2,386 | 2,216 | 1,126 |
| Investments in reverse repurchase agreements | 150 | (150) | 0 |
| Additions to property, plant and equipment | (1,143) | (963) | (880) |
| Disposals of property, plant and equipment | 10 | 3 | 3 |
| Decrease (increase) in other assets, net of other liabilities | 6 | 0 | (2) |
| Cash used by investing activities | (1,034) | (175) | (1,207) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 981 | 0 | 0 |
| Long-term debt payments, including current portion | (106) | (7) | (60) |
| (Decrease) increase in notes payable | (67) | (63) | 75 |
| Payments on capital lease obligations | (7) | (19) | (17) |
| Proceeds from exercise of stock options and other stock issuances | 507 | 514 | 383 |
| Excess tax benefits from share-based payment arrangements | 281 | 218 | 132 |
| Repurchase of common stock | (3,238) | (2,534) | (2,628) |
| Dividends common and preferred | (1,022) | (899) | (799) |
| Cash used by financing activities | (2,671) | (2,790) | (2,914) |
| Effect of exchange rate changes on cash and equivalents | (105) | (83) | (9) |
| Net (decrease) increase in cash and equivalents | (714) | 1,632 | (1,117) |
| Cash and equivalents, beginning of year | 3,852 | 2,220 | |
| CASH AND EQUIVALENTS, END OF YEAR | 3,138 | 3,852 | 2,220 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 70 | 53 | 53 |
| Income taxes | 748 | 1,262 | 856 |
| Non-cash additions to property, plant and equipment | 252 | 206 | 167 |
| Dividends declared and not paid | 271 | 240 | 209 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2016 | |
| 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 |