Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need financial ratios and analyses - e.g., financial ratios such as ROA, ROE, payout ratio; firm performance measure such as Free Cash Flow (FCF); Beta,

Need financial ratios and analyses - e.g., financial ratios such as ROA, ROE, payout ratio; firm performance measure such as Free Cash Flow (FCF); Beta, for Nike Incimage text in transcribedimage text in transcribed.

NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31. 2019 2018 $ 4,466 4,249 197 996 4,272 3,498 5.622 5,261 1,968 1,130 16,525 15,134 4,744 4,454 283 285 154 154 2,011 2,509 $ 23,717 $ 22,536 $ 6 $ 6 (Dollars in millions) ASSETS Current assets: Cash and equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Identifiable intangible assets, net Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other liabilities Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible - 315 and 329 shares outstanding Class B - 1,253 and 1,272 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (loss) Retained earnings Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 9 336 2.612 2,279 5,010 3,269 229 150 7,866 6,040 3,464 3,468 3,347 3,216 3 3 7,163 6,384 231 (92) 1,643 3,517 9.040 9,812 $ 23,717 $ 22,536 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. CONSOLIDATED STATEMENTS OF INCOME YEAR ENDED MAY 31, 2019 2018 2017 $ 39,117 $ 36,397 $ 34,350 21,643 20,441 19,038 17,474 15,956 15,312 3,753 3,577 3,341 8,949 7,934 7,222 12,702 11,511 10,563 49 54 59 (78) 66 (196) (In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted 4,801 4,325 4,886 772 2,392 646 $ 4,029 $ 1,933 $ 4,240 $ 2.55 $ 1.19 $ 2.56 $ 2.49 $ 1.17 $ 2.51 1,579.7 1,623.8 1,657.8 1,618.4 1,659.1 1,692.0 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31. 2019 2018 $ 4,466 4,249 197 996 4,272 3,498 5.622 5,261 1,968 1,130 16,525 15,134 4,744 4,454 283 285 154 154 2,011 2,509 $ 23,717 $ 22,536 $ 6 $ 6 (Dollars in millions) ASSETS Current assets: Cash and equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Identifiable intangible assets, net Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other liabilities Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible - 315 and 329 shares outstanding Class B - 1,253 and 1,272 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (loss) Retained earnings Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 9 336 2.612 2,279 5,010 3,269 229 150 7,866 6,040 3,464 3,468 3,347 3,216 3 3 7,163 6,384 231 (92) 1,643 3,517 9.040 9,812 $ 23,717 $ 22,536 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. CONSOLIDATED STATEMENTS OF INCOME YEAR ENDED MAY 31, 2019 2018 2017 $ 39,117 $ 36,397 $ 34,350 21,643 20,441 19,038 17,474 15,956 15,312 3,753 3,577 3,341 8,949 7,934 7,222 12,702 11,511 10,563 49 54 59 (78) 66 (196) (In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted 4,801 4,325 4,886 772 2,392 646 $ 4,029 $ 1,933 $ 4,240 $ 2.55 $ 1.19 $ 2.56 $ 2.49 $ 1.17 $ 2.51 1,579.7 1,623.8 1,657.8 1,618.4 1,659.1 1,692.0 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: V.K. Gopal

1st Edition

9788174467461

More Books

Students also viewed these Accounting questions

Question

3. Describe the communicative power of group affiliations

Answered: 1 week ago