NIKE, Inc. Consolidated Statements of Income On millions, except per share data) 2018 Year Ended May 31, 2017 2016 Revenues Cost of sales 36,397 $ 34,350 $ 32,376 20.441 19,038 17,405 Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense income), net Other expense (income), net Income before income taxes 15,956 15,312 14,971 3,577 3,341 3,278 7.934 7,222 7,191 11,511 10,563 10,469 54 59 19 66 (196) (140) 4,325 4,886 4,623 Income tax expense NET INCOME 2,392 646 863 $ 1,933 $ 4,240 $ 3,760 Earnings per common share: Basic $ 1.19 $ 2.56 $ 2.21 Diluted $ 1.17 $ 2.51 $ 2.16 Dividends declared per common share $ 0.78 $ 0.70 $ 0.62 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement