Print Preview footwear, apparel, equipment, and evolutionary improvements in existing products. The following exhibits present information for Nike: Exhibit 1.24: Consolidated balance sheets for 2014, 2015, and 2016 Exhibit 1.25: Consolidated income statements for 2014, 2015, and 2016 Exhibit 1.26: Consolidated statements of cash flows for 2014, 2015, and 2016 Exhibit 1.27: Excerpts from the notes to Nike's financial statements Exhibit 1.28: Common-size and percentage change income statements Exhibit 1.29: Common-size and percentage change balance sheets Exhibit 1.24 Consolidated Balance Sheet for Nike, Inc. (amounts in millions) (Case 1.2) Exhibit 1.25 Consolidated Income Statement for Nike, Inc. (amounts in millions except per share figures) (Case 1.2) Print Preview For the Fiscal Year Ended May 31: 2014 2015 2016 Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Operating Income Interest (expense) income, net Other income (expense), net Income before income taxes Income tax expense NET INCOME Earnings per common share: $ 27,799 15,353 $12,446 3,031 5,735 $ 3,680 (33) (103) $ 3,544 $ 30,601 16,534 $14,067 3,213 6,679 $ 4,175 (28) 58 $ 4,205 932 $ 3,273 $ 32,376 17,405 $14,971 3,278 7,191 $ 4,502 (19) 140 $ 4,623 863 $ 3,760 851 $ 2,693 Basic Diluted Dividends declared per common share $ 1.52 $ 1.49 $ 0.47 $ 1.90 $ 1.85 $ 0.54 $ 2.21 $ 2.16 $ 0.62 Source: Nike, Inc., Form 10-K for the Fiscal Year ended May 31, 2016