UP Office Update To keep up-10-dal WILL BE A14 x fx Interest expense EF G OSS Nike Inc. Clou 3 Common-Size Consolidated Income Statement Devic 5 12 months ended 31-May-18 31-May-17 O 6 Revenues 100.00% 100.00% Income Statement in thousands) 7 Cost of sales -56.16% -55.42% Under Armour Tags 8 Gross profit 43.84% 44.58% Net revenues 9 Demand creation expense -9.83% -9.73% Cost of Goods Sold 10 Operating overhead expense -21.80% -21.02% Gross profit 11 Selling and administrative expense -31.63% -30.75% Selling General and Admin Expenses 12 Operating income 12.21% 13.83% Restructuring and impairment charges 13 Interest Income 0.19% 0.08% Income from Operations 14 Interest expense -0.34% -0.25% Interest Expense, net 15 Interest Income (expense), net 0.15% 0.17% Other expense, net 16 Other income (expensel.net 0.18% 0.57% Income before Income Taxes 17 Income before income taxes 11.88% 14.22% Income tax expense (benefit) 18 Income tax expense -6.57% -1.88% Income from equity method investment 19 Net Income 5.31% 12.34% Net Income (loss) 20 Based on: 21 10 [filling date: 2019-07-23). 22 10-k (filing date 2018-07-25). 23 10 K (filing date: 2017-07-20). 24 10-K (Filing date: 2016-07-21). 25 10- (Filing date: 2015-07-23). 26 10-K (filing date: 2014-07-25). 31-Dec-18 100.00% 54.93% 45.07% 42.02% 3.53% -0.48% -0.65% -0.18% -1.31% -0.40% 0.02% -0.89% 31-Dec-17 100.00% 54.87% 45.13% 42.08% 2.49% 0.56% -0.69% -0.07% -0.21% 0.76% -0.97% How do these two companies underarmour and Nike compare with a common size balance sheet