provide commentary and a brief analysis of the companys financial performance. The Income Statement (Profit and Loss) ) Your analysis of the financial data should also be based on additional sources, such as news articles about the companys financial performance.

You should identify and comment on:

Revenue

Costs

Gross profit Operating and net profit

Have these figures increased or decreased? You should give reasons for increases or decreases. Comment on whether you think the company is in a strong financial position

NIKE, INC . CONSOLIDATED STATEMENTS OF INCOME $ (In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted YEAR ENDED MAY 31, 2021 2020 44,538 $ 37,403 $ 24,576 21,162 19,962 16,241 3,114 3,592 9,911 9,534 13,025 13,126 262 89 14 139 6,661 2,887 934 348 5,727 $ 2,539 $ 2019 39,117 21,643 17,474 3,753 8,949 12,702 49 (78) 4,801 772 4,029 $ $ 3.64 $ 3.56 $ 1.63 $ 1.60 $ 2.55 2.49 $ 1,573.0 1,609.4 1,558.8 1,591.6 1,579.7 1,618.4 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. 2021 FORM 10-K 57