10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NIKE, INC. | |||
Ticker: NKE Fiscal Year: 2023 | |||
Consolidated Statements of Cash Flows | |||
Period Ending May 31, 2023 10-K (Filed: July 20, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2023 | May 31, 2022 | May 31, 2021 | |
| Cash provided (used) by operations: | |||
| Net income | $ 5,070 | 6,046 | 5,727 |
| Adjustments to reconcile net income to net cash provided (used) by operations: | |||
| Depreciation | 703 | 717 | 744 |
| Deferred income taxes | (117) | (650) | (385) |
| Stock-based compensation | 755 | 638 | 611 |
| Amortization, impairment and other | 156 | 123 | 53 |
| Net foreign currency adjustments | (213) | (26) | (138) |
| Changes in certain working capital components and other assets and liabilities: | |||
| (Increase) decrease in accounts receivable | 489 | (504) | (1,606) |
| (Increase) decrease in inventories | (133) | (1,676) | 507 |
| (Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets | (644) | (845) | (182) |
| Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities | (225) | 1,365 | 1,326 |
| Cash provided (used) by operations | 5,841 | 5,188 | 6,657 |
| Cash provided (used) by investing activities: | |||
| Purchases of short-term investments | (6,059) | (12,913) | (9,961) |
| Maturities of short-term investments | 3,356 | 8,199 | 4,236 |
| Sales of short-term investments | 4,184 | 3,967 | 2,449 |
| Additions to property, plant and equipment | (969) | (758) | (695) |
| Other investing activities | 52 | (19) | 171 |
| Cash provided (used) by investing activities | 564 | (1,524) | (3,800) |
| Cash provided (used) by financing activities: | |||
| Increase (decrease) in notes payable, net | (4) | 15 | (52) |
| Repayment of borrowings | (500) | 0 | (197) |
| Proceeds from exercise of stock options and other stock issuances | 651 | 1,151 | 1,172 |
| Repurchase of common stock | (5,480) | (4,014) | (608) |
| Dividends common and preferred | (2,012) | (1,837) | (1,638) |
| Other financing activities | (102) | (151) | (136) |
| Cash provided (used) by financing activities | (7,447) | (4,836) | (1,459) |
| Effect of exchange rate changes on cash and equivalents | (91) | (143) | 143 |
| Net increase (decrease) in cash and equivalents | (1,133) | (1,315) | 1,541 |
| Cash and equivalents, beginning of year | 8,574 | 9,889 | 8,348 |
| CASH AND EQUIVALENTS, END OF YEAR | 7,441 | 8,574 | 9,889 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 347 | 290 | 293 |
| Income taxes | 1,517 | 1,231 | 1,177 |
| Non-cash additions to property, plant and equipment | 211 | 160 | 179 |
| Dividends declared and not paid | 524 | 480 | 438 |
| External Links | |
| NIKE, INC. (NKE) Fiscal Year 2023 | |