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Use the 2014 and 2015 balance sheets and Nike's 2015 income statement to determine Nike's free cash flows from operations please show all work NIKE,
Use the 2014 and 2015 balance sheets and Nike's 2015 income statement to determine Nike's free cash flows from operations
please show all work
NIKE, INC INCOME STATEMENTS (For May 31, 2013 - 2015) (s Millions) 2013 2014 2015 Revenue 25,313 27,799 30,601 Cost of revenue 14,279 15,353 16,534 Gross profit 11,034 12,446 14,067 Operating expenses Sales, General and administrative 7,796 8,766 9,892 EBITDA 3,767 4,312 4,824 Depreciation and Amortization 511 619 EBIT 3,256 3,544 4,205 Interest Expense Other income (expense) 18 (136) 30 Earnings before taxes 3,272 3,544 4.205 Income taxes 808 851 932 Net income from continuing operations 2,464 2,693 3,273 Net income from discontinuing ops 21 Net income 2,4852,6933,273 768 NIKE, INC BALANCE SHEETS (For May 31, 2013 - 2015) (s Millions) 2013 2014 2015 Current assets Cash and cash equivalents Short-term investments Total cash Receivables Inventories Deferred income taxes Prepaid expenses Total current assets Non-current assets Property, plant and equipment Gross property, plant and equipment Accumulated Depreciation 3,337 2,628 5,965 3,117 3,434 308 802 13,626 2,220 2,922 5,142 3,434 3,947 355 818 13,696 3,852 2,072 5,924 3,358 4,337 389 1,968 15,976 5,500 6,220 6,352 (3,048) (3,386) (3,341) TER 3 2,452 131 382 993 3,958 17,584 2,834 131 282 1,651 4,898 18,594 3,011 131 281 2,201 5,624 21,600 181 2,131 NIKE, INC BALANCE SHEETS (For May 31, 2013 - 2015) (s Millions) Net property, plant and equipment Goodwill Intangible assets Deferred income taxes Total non-current assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Short-term debt Accounts payable Taxes payable Accrued liabilities Other current liabilities Total current liabilities Non-current liabilities Long-term debt Deferred taxes liabilities Total non-current liabilities Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity 245 178 174 1,646 1,930 290 636 1,572 1,993 240294 3,926 5,027 3,375 402 6,334 1,210 1,292 2,502 6,428 1,199 1,544 2,743 7,770 1,079 1,480 2,559 8,893 5,184 5,695 274 11,156 17,584 5,868 6,776 4,871 4,685 85 1,246 10,824 12,707 18,59421,600Step by Step Solution
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