Nike Financial Analysis for year 2021 & 2020 - Introduction, Current financials ,Horizontal Analysis ,Vertical Analysis ,Liquidity Ratio ,Solvency Ratio ,Profitability Ratio Altman Z Score ,Recommendations for Nike, Inc

$ % CHANGE 19 % $ 16 % 23 % % CHANGE -4 % -2 % -7% -13 % 4 % -1 % -4 % 7 % 3 % (Dollars in millions, except per share data) Revenues Cost of sales Gross profit Gross margin Demand creation expense Operating overhead expense Total selling and administrative expense % of revenues Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense Effective tax rate NET INCOME Diluted earnings per common share FISCAL 2021 44,538 $ 24,576 19,962 44.8 % 3,114 9,911 13,025 29.2 % 262 14 6,661 934 14.0 % 5,727 $ 3.56 $ FISCAL 2020 37,403 21,162 16,241 43.4 % 3,592 9,534 13,126 35.1 % 89 139 2,887 348 12.1 % 2,539 1.60 FISCAL 2019 39,117 21,643 17,474 44.7 % 3,753 8,949 12,702 32.5% 49 (78) 4,801 772 16.1 % 4,029 2.49 131 % 168 % 40 % -55 % $ $ 126 %$ 123 %$ -37 % -36 % $ % CHANGE 19 % $ 16 % 23 % % CHANGE -4 % -2 % -7% -13 % 4 % -1 % -4 % 7 % 3 % (Dollars in millions, except per share data) Revenues Cost of sales Gross profit Gross margin Demand creation expense Operating overhead expense Total selling and administrative expense % of revenues Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense Effective tax rate NET INCOME Diluted earnings per common share FISCAL 2021 44,538 $ 24,576 19,962 44.8 % 3,114 9,911 13,025 29.2 % 262 14 6,661 934 14.0 % 5,727 $ 3.56 $ FISCAL 2020 37,403 21,162 16,241 43.4 % 3,592 9,534 13,126 35.1 % 89 139 2,887 348 12.1 % 2,539 1.60 FISCAL 2019 39,117 21,643 17,474 44.7 % 3,753 8,949 12,702 32.5% 49 (78) 4,801 772 16.1 % 4,029 2.49 131 % 168 % 40 % -55 % $ $ 126 %$ 123 %$ -37 % -36 %