Nike, Inc. (NKE) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE BOWERMAN DR
BEAVERTON, OR 97005-6453
State of Incorp. OR
Fiscal Year End May 31
Industry (SIC) 3021 - Rubber and Plastics Footwear (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

8/31/2023
MRQ
5/31/2023
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,4416,4908,57413,4768,7874,663
Cash and cash equivalents7,4416,4908,5749,8898,3484,466
Short-term investments    3,587439197
Receivables4,1315,4374,6674,4632,7494,272
Prepaid expense 755 773630686773
Other undisclosed current assets12,87515,52014,1997,7228,3346,817
Total current assets:25,20227,44728,21326,29120,55616,525
Noncurrent Assets
Operating lease, right-of-use asset2,9232,8092,9263,1133,097
Property, plant and equipment5,0814,8544,7914,9044,8664,744
Intangible assets, net (including goodwill)555561570511497437
Goodwill281281284242223154
Intangible assets, net (excluding goodwill)274280286269274283
Deferred costs 875 876   
Other undisclosed noncurrent assets2,8953,9762,9452,9212,3262,011
Total noncurrent assets:12,32912,20012,10811,44910,7867,192
TOTAL ASSETS:37,53139,64740,32137,74031,34223,717
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,5859,2669,8009,2057,5887,851
Taxes payable436222306156229
Accounts payable2,8622,8103,3582,8362,2482,612
Accrued liabilities5,7236,0206,2206,0635,1845,010
Debt6507510269615
Other undisclosed current liabilities665426420467  
Total current liabilities:9,25610,19910,7309,6748,2847,866
Noncurrent Liabilities
Long-term debt and lease obligation8,9278,92411,69712,34412,3193,464
Long-term debt, excluding current maturities8,9278,9248,9209,4139,4063,464
Liabilities, other than long-term debt3,6832,668890   
Deferred compensation liability, classified 897 890   
Operating lease, liability2,7862,6682,7772,9312,913
Total noncurrent liabilities:12,61011,59212,58715,27512,3193,464
Total liabilities:21,86621,79123,31724,94920,60311,330
Equity
Equity, attributable to parent, including:14,00415,27215,28112,7678,0559,040
Additional paid in capital12,41211,85111,4849,9658,2997,163
Accumulated other comprehensive income (loss)231559318(380)(56)231
Retained earnings (accumulated deficit)1,3582,8593,4763,179(191)1,643
Other undisclosed equity, attributable to parent333333
Total equity:14,00415,27215,28112,7678,0559,040
Other undisclosed liabilities and equity1,6612,5841,723242,6843,347
TOTAL LIABILITIES AND EQUITY:37,53139,64740,32137,74031,34223,717

Income Statement (P&L) ($ in millions)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues51,21749,10746,71044,53837,40339,117
Cost of revenue
(Cost of Goods and Services Sold)
(28,925)(27,211)(25,231)(24,576)(21,162)(21,643)
Gross profit:22,29221,89621,47919,96216,24117,474
Operating expenses(16,377)(15,517)(14,804)(13,025)(13,126)(12,702)
Operating income:5,9156,3796,6756,9373,1154,772
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
280265181(14)(139)78
Other undisclosed loss from continuing operations before equity method investments, income taxes    (262)(89)(49)
Income from continuing operations before equity method investments, income taxes:6,1956,6446,8566,6612,8874,801
Other undisclosed income (loss) from continuing operations before income taxes6(122)(205)   
Income from continuing operations before income taxes:6,2016,5226,6516,6612,8874,801
Income tax expense(1,131)(888)(605)(934)(348)(772)
Income from continuing operations:5,0705,6346,0465,7272,5394,029
Income before gain (loss) on sale of properties:4,3036,0465,7272,5394,029
Net income available to common stockholders, diluted:5,0705,6346,0465,7272,5394,029

Comprehensive Income ($ in millions)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income:5,0705,6346,0465,7272,5394,029
Other comprehensive income (loss)    (324)(287)323
Comprehensive income:5,0705,6346,0465,4032,2524,352
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(87)414698   
Comprehensive income, net of tax, attributable to parent:4,9836,0486,7445,4032,2524,352

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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