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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2020 10-K (Filed: July 24, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2020 | May 31, 2019 | May 31, 2018 | |
| Cash provided (used) by operations: | |||
| Net income | $ 2,539 | 4,029 | 1,933 |
| Adjustments to reconcile net income to net cash provided (used) by operations: | |||
| Depreciation | 721 | 705 | 747 |
| Deferred income taxes | (380) | 34 | 647 |
| Stock-based compensation | 429 | 325 | 218 |
| Amortization, impairment and other | 398 | 15 | 27 |
| Net foreign currency adjustments | 23 | 233 | (99) |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | 1,239 | (270) | 187 |
| (Increase) decrease in inventories | (1,854) | (490) | (255) |
| (Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets | (654) | (203) | 35 |
| Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities | 24 | 1,525 | 1,515 |
| Cash provided (used) by operations | 2,485 | 5,903 | 4,955 |
| Cash provided (used) by investing activities: | |||
| Purchases of short-term investments | (2,426) | (2,937) | (4,783) |
| Maturities of short-term investments | 74 | 1,715 | 3,613 |
| Sales of short-term investments | 2,379 | 2,072 | 2,496 |
| Additions to property, plant and equipment | (1,086) | (1,119) | (1,028) |
| Other investing activities | 31 | 5 | (22) |
| Cash provided (used) by investing activities | (1,028) | (264) | 276 |
| Cash provided (used) by financing activities: | |||
| Proceeds from borrowings, net of debt issuance costs | 6,134 | 0 | 0 |
| Increase (decrease) in notes payable, net | 49 | (325) | 13 |
| Proceeds from exercise of stock options and other stock issuances | 885 | 700 | 733 |
| Repurchase of common stock | (3,067) | (4,286) | (4,254) |
| Dividends common and preferred | (1,452) | (1,332) | (1,243) |
| Other financing activities | (58) | (50) | (84) |
| Cash provided (used) by financing activities | 2,491 | (5,293) | (4,835) |
| Effect of exchange rate changes on cash and equivalents | (66) | (129) | 45 |
| Net increase (decrease) in cash and equivalents | 3,882 | 217 | 441 |
| Cash and equivalents, beginning of year | 4,466 | 4,249 | |
| CASH AND EQUIVALENTS, END OF YEAR | 8,348 | 4,466 | 4,249 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 140 | 153 | 125 |
| Income taxes | 1,028 | 757 | 529 |
| Non-cash additions to property, plant and equipment | 121 | 160 | 294 |
| Dividends declared and not paid | 385 | 347 | 320 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2020 | |
| 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 |