Answered step by step
Verified Expert Solution
Question
1 Approved Answer
NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31, 2021 2020 $ 9,889 $ 8,348 3,587 439 4,463 2,749 6,854 7,367 1,498 1,653 26,291 20,556 4,904
NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31, 2021 2020 $ 9,889 $ 8,348 3,587 439 4,463 2,749 6,854 7,367 1,498 1,653 26,291 20,556 4,904 4,866 3,113 3,097 269 274 242 223 2,921 2,326 $ 37,740 $ 31,342 (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 Operating lease right-of-use assets, 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 Current portion of operating lease liabilities Accrued liabilities Income taxes payable Total current liabilities Long-term debt Operating lease liabilities Deferred income taxes and other liabilities Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible-305 and 315 shares outstanding Class B-1,273 and 1,243 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (loss) Retained earnings (deficit) Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ - 3 2 2,836 248 2,248 467 445 6,063 5,184 306 156 9,674 8,284 9,413 9,406 2,931 2,913 2,955 2,684 3 9,965 3 8,299 (380) (56) 3,179 (191) 12,767 8,055 $ 37,740 $ 31,342
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started