$NKE
NIKE, Inc.

2014 Q3 Form 10-Q Financial Statement

#000032018714000158 Filed on October 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $7.982B $6.971B
YoY Change 14.5% 7.68%
Cost Of Revenue $4.261B $3.839B
YoY Change 10.99% 5.29%
Gross Profit $3.721B $3.132B
YoY Change 18.81% 10.75%
Gross Profit Margin 46.62% 44.93%
Selling, General & Admin $2.480B $2.058B
YoY Change 20.51% -0.05%
% of Gross Profit 66.65% 65.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $147.0M $122.0M
YoY Change 20.49% 17.31%
% of Gross Profit 3.95% 3.9%
Operating Expenses $2.480B $2.058B
YoY Change 20.51% -0.05%
Operating Profit $1.241B $1.074B
YoY Change 15.55% 39.66%
Interest Expense -$9.000M -$8.000M
YoY Change 12.5% -366.67%
% of Operating Profit -0.73% -0.74%
Other Income/Expense, Net -$3.000M -$28.00M
YoY Change -89.29% -200.0%
Pretax Income $1.229B $1.038B
YoY Change 18.4% 29.75%
Income Tax $267.0M $259.0M
% Of Pretax Income 21.72% 24.95%
Net Earnings $962.0M $779.0M
YoY Change 23.49% 37.39%
Net Earnings / Revenue 12.05% 11.17%
Basic Earnings Per Share $1.11 $0.88
Diluted Earnings Per Share $1.09 $0.86
COMMON SHARES
Basic Shares Outstanding 864.9M shares 889.4M shares
Diluted Shares Outstanding 886.2M shares 910.7M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.579B $5.578B
YoY Change -17.91% 70.74%
Cash & Equivalents $2.303B $2.661B
Short-Term Investments $2.276B $2.642B
Other Short-Term Assets $1.344B $1.361B
YoY Change -1.25% 32.52%
Inventory $4.030B $3.472B
Prepaid Expenses
Receivables $3.587B $3.207B
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.54B $13.62B
YoY Change -0.57% 22.29%
LONG-TERM ASSETS
Property, Plant & Equipment $2.895B $2.557B
YoY Change 13.22% 11.61%
Goodwill $131.0M $131.0M
YoY Change 0.0% -35.15%
Intangibles $282.0M $666.0M
YoY Change -57.66% -27.84%
Long-Term Investments
YoY Change
Other Assets $1.673B $985.0M
YoY Change 69.85% 3.79%
Total Long-Term Assets $4.981B $4.056B
YoY Change 22.81% 1.96%
TOTAL ASSETS
Total Short-Term Assets $13.54B $13.62B
Total Long-Term Assets $4.981B $4.056B
Total Assets $18.52B $17.67B
YoY Change 4.79% 16.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.970B $1.559B
YoY Change 26.36% 0.52%
Accrued Expenses $2.441B $1.913B
YoY Change 27.6% -3.09%
Deferred Revenue
YoY Change
Short-Term Debt $146.0M $111.0M
YoY Change 31.53% -13.95%
Long-Term Debt Due $6.000M $57.00M
YoY Change -89.47% 533.33%
Total Short-Term Liabilities $4.813B $3.863B
YoY Change 24.59% 2.3%
LONG-TERM LIABILITIES
Long-Term Debt $1.195B $1.207B
YoY Change -0.99% 434.07%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.195B $1.207B
YoY Change -0.99% 434.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.813B $3.863B
Total Long-Term Liabilities $1.195B $1.207B
Total Liabilities $6.008B $5.070B
YoY Change 18.5% 26.69%
SHAREHOLDERS EQUITY
Retained Earnings $4.808B $5.762B
YoY Change -16.56% 10.49%
Common Stock $6.070B $5.340B
YoY Change 13.67% 13.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.11B $11.28B
YoY Change
Total Liabilities & Shareholders Equity $18.52B $17.67B
YoY Change 4.79% 16.94%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $962.0M $779.0M
YoY Change 23.49% 37.39%
Depreciation, Depletion And Amortization $147.0M $122.0M
YoY Change 20.49% 17.31%
Cash From Operating Activities $683.0M $618.0M
YoY Change 10.52% 15.51%
INVESTING ACTIVITIES
Capital Expenditures $262.0M $245.0M
YoY Change 6.94% 128.97%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000M
YoY Change -100.0% -80.0%
Cash From Investing Activities $280.0M -$694.0M
YoY Change -140.35% -414.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $819.0M $526.0M
YoY Change 55.7% -31.33%
Debt Paid & Issued, Net $2.000M $2.000M
YoY Change 0.0% -95.24%
Cash From Financing Activities -$882.0M -$592.0M
YoY Change 48.99% -34.73%
NET CHANGE
Cash From Operating Activities $683.0M $618.0M
Cash From Investing Activities $280.0M -$694.0M
Cash From Financing Activities -$882.0M -$592.0M
Net Change In Cash $81.00M -$668.0M
YoY Change -112.13% 342.38%
FREE CASH FLOW
Cash From Operating Activities $683.0M $618.0M
Capital Expenditures $262.0M $245.0M
Free Cash Flow $421.0M $373.0M
YoY Change 12.87% -12.85%

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2834000000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2895000000 USD
CY2014Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-13000000 USD
CY2013Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
29000000 USD
CY2014Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2000000 USD
CY2013Q3 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2014Q3 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
6000000 USD
CY2013Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2000000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4808000000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4871000000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
7982000000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
6971000000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2480000000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2058000000 USD
CY2014Q3 us-gaap Share Based Compensation
ShareBasedCompensation
43000000 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
42000000 USD
CY2014Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
167000000 USD
CY2014Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
146000000 USD
CY2014Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound
71000000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
11105000000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
10824000000 USD
CY2014Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2014Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
473000000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
506000000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
167000000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
160000000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
253000000 USD
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
910700000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
886200000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
864900000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
889400000 shares
CY2014Q2 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
782000000 USD
CY2014Q3 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
578000000 USD
CY2014Q3 nke Accrued Endorsement Liabilities Current
AccruedEndorsementLiabilitiesCurrent
420000000 USD
CY2014Q2 nke Accrued Endorsement Liabilities Current
AccruedEndorsementLiabilitiesCurrent
328000000 USD
CY2014Q3 nke Accrued Import And Logistics Costs Current
AccruedImportAndLogisticsCostsCurrent
149000000 USD
CY2014Q2 nke Accrued Import And Logistics Costs Current
AccruedImportAndLogisticsCostsCurrent
127000000 USD
CY2014Q3 nke Accrued Taxes Other Than Income Taxes Current
AccruedTaxesOtherThanIncomeTaxesCurrent
232000000 USD
CY2014Q2 nke Accrued Taxes Other Than Income Taxes Current
AccruedTaxesOtherThanIncomeTaxesCurrent
204000000 USD
CY2014Q3 nke Amortization And Other
AmortizationAndOther
-34000000 USD
CY2013Q3 nke Amortization And Other
AmortizationAndOther
30000000 USD
CY2014Q3 nke Change In Income Tax Penalties And Interest Accrued
ChangeInIncomeTaxPenaltiesAndInterestAccrued
7000000 USD
CY2013Q3 nke Earnings Before Interest And Taxes
EarningsBeforeInterestAndTaxes
1046000000 USD
CY2014Q3 nke Earnings Before Interest And Taxes
EarningsBeforeInterestAndTaxes
1238000000 USD
CY2014Q3 nke Maximum Percent Of Accrued Liabilities To Be Included In Other Accrued Liabilities
MaximumPercentOfAccruedLiabilitiesToBeIncludedInOtherAccruedLiabilities
0.05
CY2014Q2 nke Maximum Percent Of Accrued Liabilities To Be Included In Other Accrued Liabilities
MaximumPercentOfAccruedLiabilitiesToBeIncludedInOtherAccruedLiabilities
0.05
CY2014Q3 nke Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-12000000 USD
CY2013Q3 nke Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-2000000 USD
CY2014Q3 nke Percent Of Anticipated Exposures Hedged
PercentOfAnticipatedExposuresHedged
1
CY2014Q3 nke Reclassification From Accumulated Other Comprehensive Income Current Period Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodTax
3000000 USD
CY2013Q3 nke Reclassification From Accumulated Other Comprehensive Income Current Period Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodTax
-5000000 USD
CY2014Q3 dei Amendment Flag
AmendmentFlag
false
CY2014Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
CY2014Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2014Q3 dei Document Period End Date
DocumentPeriodEndDate
2014-08-31
CY2014Q3 dei Document Type
DocumentType
10-Q
CY2014Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000320187
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
861508468 shares
CY2014Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q3 dei Entity Registrant Name
EntityRegistrantName
NIKE INC
CY2014Q3 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q3 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014Q3 dei Trading Symbol
TradingSymbol
NKE
CY2014Q3 invest Derivative Notional Amount
DerivativeNotionalAmount
13000000000 USD

Files In Submission

Name View Source Status
0000320187-14-000158-index-headers.html Edgar Link pending
0000320187-14-000158-index.html Edgar Link pending
0000320187-14-000158.txt Edgar Link pending
0000320187-14-000158-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
nke-20140831.xml Edgar Link completed
nke-20140831.xsd Edgar Link pending
nke-20140831_cal.xml Edgar Link unprocessable
nke-20140831_def.xml Edgar Link unprocessable
nke-20140831_lab.xml Edgar Link unprocessable
nke-20140831_pre.xml Edgar Link unprocessable
nke-8312014x10q.htm Edgar Link pending
nke-8312014xexhibit311.htm Edgar Link pending
nke-8312014xexhibit312.htm Edgar Link pending
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