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Presentation of Analytical Procedures by Result (i.e. a schedule) for Nike, Inc. the financial statements are located in the following link: https://www.sec.gov/Archives/edgar/data/320187/000119312511194791/d10k.htm#toc179621_25 NIKE, INC. CONSOLIDATED

Presentation of Analytical Procedures by Result (i.e. a schedule) for Nike, Inc. the financial statements are located in the following link: https://www.sec.gov/Archives/edgar/data/320187/000119312511194791/d10k.htm#toc179621_25

NIKE, INC.

CONSOLIDATED STATEMENTS OF INCOME

Year Ended May 31,
2011 2010 2009
(In millions, except per share data)

Revenues

$ 20,862 $ 19,014 $ 19,176

Cost of sales

11,354 10,214 10,572

Gross margin

9,508 8,800 8,604

Demand creation expense

2,448 2,356 2,352

Operating overhead expense

4,245 3,970 3,798

Total selling and administrative expense

6,693 6,326 6,150

Restructuring charges (Note 16)

195

Goodwill impairment (Note 4)

199

Intangible and other asset impairment (Note 4)

202

Interest expense (income), net (Notes 6, 7 and 8)

4 6 (10 )

Other (income), net (Note 17)

(33 ) (49 ) (89 )

Income before income taxes

2,844 2,517 1,957

Income taxes (Note 9)

711 610 470

Net income

$ 2,133 $ 1,907 $ 1,487

Basic earnings per common share (Notes 1 and 12)

$ 4.48 $ 3.93 $ 3.07

Diluted earnings per common share (Notes 1 and 12)

$ 4.39 $ 3.86 $ 3.03

Dividends declared per common share

$ 1.20 $ 1.06 $ 0.98

NIKE, INC.

CONSOLIDATED BALANCE SHEETS

May 31,
2011 2010
(In millions)
ASSETS

Current assets:

Cash and equivalents

$ 1,955 $ 3,079

Short-term investments (Note 6)

2,583 2,067

Accounts receivable, net (Note 1)

3,138 2,650

Inventories (Notes 1 and 2)

2,715 2,041

Deferred income taxes (Note 9)

312 249

Prepaid expenses and other current assets

594 873

Total current assets

11,297 10,959

Property, plant and equipment, net (Note 3)

2,115 1,932

Identifiable intangible assets, net (Note 4)

487 467

Goodwill (Note 4)

205 188

Deferred income taxes and other assets (Notes 9 and 17)

894 873

Total assets

$ 14,998 $ 14,419
LIABILITIES AND SHAREHOLDERS EQUITY

Current liabilities:

Current portion of long-term debt (Note 8)

$ 200 $ 7

Notes payable (Note 7)

187 139

Accounts payable (Note 7)

1,469 1,255

Accrued liabilities (Notes 5 and 17)

1,985 1,904

Income taxes payable (Note 9)

117 59

Total current liabilities

3,958 3,364

Long-term debt (Note 8)

276 446

Deferred income taxes and other liabilities (Notes 9 and 17)

921 855

Commitments and contingencies (Note 15)

Redeemable Preferred Stock (Note 10)

Shareholders equity:

Common stock at stated value (Note 11):

Class A convertible 90 and 90 shares outstanding

Class B 378 and 394 shares outstanding

3 3

Capital in excess of stated value

3,944 3,441

Accumulated other comprehensive income (Note 14)

95 215

Retained earnings

5,801 6,095

Total shareholders equity

9,843 9,754

Total liabilities and shareholders equity

$ 14,998 $ 14,419

-Net profit margin

-Return on assets (using total assets)

-Total asset turnover (using total assets)

-DuPont analysis

-Operating income margin

-Return on operating assets (EXTRA using end-of-year operating assets)

-Operating asset turnover (EXTRA using end-of-year operating assets)

-Gross Profit margin

-Horizontal Analysis

-Vertical Analysis

Then we must do the following:

-Interprets and discusses results (tells reader what the numbers mean)

-Evaluation (tells readers decision points or recommendations

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