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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2021 10-K (Filed: July 20, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2021 | May 31, 2020 | May 31, 2019 | |
| Cash provided (used) by operations: | |||
| Net income | $ 5,727 | 2,539 | 4,029 |
| Adjustments to reconcile net income to net cash provided (used) by operations: | |||
| Depreciation | 744 | 721 | 705 |
| Deferred income taxes | (385) | (380) | 34 |
| Stock-based compensation | 611 | 429 | 325 |
| Amortization, impairment and other | 53 | 398 | 15 |
| Net foreign currency adjustments | (138) | 23 | 233 |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (1,606) | 1,239 | (270) |
| (Increase) decrease in inventories | 507 | (1,854) | (490) |
| (Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets | (182) | (654) | (203) |
| Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities | 1,326 | 24 | 1,525 |
| Cash provided (used) by operations | 6,657 | 2,485 | 5,903 |
| Cash provided (used) by investing activities: | |||
| Purchases of short-term investments | (9,961) | (2,426) | (2,937) |
| Maturities of short-term investments | 4,236 | 74 | 1,715 |
| Sales of short-term investments | 2,449 | 2,379 | 2,072 |
| Additions to property, plant and equipment | (695) | (1,086) | (1,119) |
| Other investing activities | 171 | 31 | 5 |
| Cash provided (used) by investing activities | (3,800) | (1,028) | (264) |
| Cash provided (used) by financing activities: | |||
| Proceeds from borrowings, net of debt issuance costs | 0 | 6,134 | 0 |
| Increase (decrease) in notes payable, net | (52) | 49 | (325) |
| Repayment of borrowings | (197) | (6) | (6) |
| Proceeds from exercise of stock options and other stock issuances | 1,172 | 885 | 700 |
| Repurchase of common stock | (608) | (3,067) | (4,286) |
| Dividends common and preferred | (1,638) | (1,452) | (1,332) |
| Other financing activities | (136) | (52) | (44) |
| Cash provided (used) by financing activities | (1,459) | 2,491 | (5,293) |
| Effect of exchange rate changes on cash and equivalents | 143 | (66) | (129) |
| Net increase (decrease) in cash and equivalents | 1,541 | 3,882 | 217 |
| Cash and equivalents, beginning of year | 8,348 | 4,466 | |
| CASH AND EQUIVALENTS, END OF YEAR | 9,889 | 8,348 | 4,466 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 293 | 140 | 153 |
| Income taxes | 1,177 | 1,028 | 757 |
| Non-cash additions to property, plant and equipment | 179 | 121 | 160 |
| Dividends declared and not paid | 438 | 385 | 347 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2021 | |
| 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 |