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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2017 10-K (Filed: July 20, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2017 | May 31, 2016 | May 31, 2015 | |
| Cash provided by operations: | |||
| Net income | $ 4,240 | 3,760 | 3,273 |
| Income charges (credits) not affecting cash: | |||
| Depreciation | 706 | 649 | 606 |
| Deferred income taxes | (273) | (80) | (113) |
| Stock-based compensation | 215 | 236 | 191 |
| Amortization and other | 10 | 13 | 43 |
| Net foreign currency adjustments | (117) | 98 | 424 |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (426) | 60 | (216) |
| (Increase) in inventories | (231) | (590) | (621) |
| (Increase) in prepaid expenses and other current assets | (120) | (161) | (144) |
| (Decrease) increase in accounts payable, accrued liabilities and income taxes payable | (364) | (889) | 1,237 |
| Cash provided by operations | 3,640 | 3,096 | 4,680 |
| Cash used by investing activities: | |||
| Purchases of short-term investments | (5,928) | (5,367) | (4,936) |
| Maturities of short-term investments | 3,623 | 2,924 | 3,655 |
| Sales of short-term investments | 2,423 | 2,386 | 2,216 |
| Investments in reverse repurchase agreements | 0 | 150 | (150) |
| Additions to property, plant and equipment | (1,105) | (1,143) | (963) |
| Disposals of property, plant and equipment | 13 | 10 | 3 |
| Other investing activities | (34) | 6 | 0 |
| Cash used by investing activities | (1,008) | (1,034) | (175) |
| Cash used by financing activities: | |||
| Net proceeds from long-term debt issuance | 1,482 | 981 | 0 |
| Long-term debt payments, including current portion | (44) | (106) | (7) |
| Increase (decrease) in notes payable | 327 | (67) | (63) |
| Payments on capital lease and other financing obligations | (17) | (7) | (19) |
| Proceeds from exercise of stock options and other stock issuances | 489 | 507 | 514 |
| Excess tax benefits from share-based payment arrangements | 177 | 281 | 218 |
| Repurchase of common stock | (3,223) | (3,238) | (2,534) |
| Dividends common and preferred | (1,133) | (1,022) | (899) |
| Cash used by financing activities | (1,942) | (2,671) | (2,790) |
| Effect of exchange rate changes on cash and equivalents | (20) | (105) | (83) |
| Net increase (decrease) in cash and equivalents | 670 | (714) | 1,632 |
| Cash and equivalents, beginning of year | 3,138 | 3,852 | |
| CASH AND EQUIVALENTS, END OF YEAR | 3,808 | 3,138 | 3,852 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 98 | 70 | 53 |
| Income taxes | 703 | 748 | 1,262 |
| Non-cash additions to property, plant and equipment | 266 | 252 | 206 |
| Dividends declared and not paid | 300 | 271 | 240 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2017 | |
| 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 |