$NKE
NIKE, Inc.

2013 Q1 Form 10-Q Financial Statement

#000119312513142156 Filed on April 04, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $6.187B $5.656B
YoY Change 9.39% 11.36%
Cost Of Revenue $3.451B $3.171B
YoY Change 8.83% 15.23%
Gross Profit $2.736B $2.485B
YoY Change 10.1% 6.79%
Gross Profit Margin 44.22% 43.94%
Selling, General & Admin $1.863B $1.708B
YoY Change 9.07% 4.34%
% of Gross Profit 68.09% 68.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.00M $122.0M
YoY Change -23.77% 43.53%
% of Gross Profit 3.4% 4.91%
Operating Expenses $1.863B $1.708B
YoY Change 9.07% 4.34%
Operating Profit $873.0M $777.0M
YoY Change 12.36% 12.61%
Interest Expense $2.000M $0.00
YoY Change
% of Operating Profit 0.23% 0.0%
Other Income/Expense, Net -$17.00M $10.00M
YoY Change -270.0% -41.18%
Pretax Income $858.0M $787.0M
YoY Change 9.02% 11.32%
Income Tax $196.0M $218.0M
% Of Pretax Income 22.84% 27.7%
Net Earnings $866.0M $560.0M
YoY Change 54.64% 7.07%
Net Earnings / Revenue 14.0% 9.9%
Basic Earnings Per Share $0.97 $0.61
Diluted Earnings Per Share $0.95 $0.60
COMMON SHARES
Basic Shares Outstanding 893.9M shares 915.1M shares
Diluted Shares Outstanding 911.7M shares 934.6M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.042B $3.197B
YoY Change 26.43% -28.4%
Cash & Equivalents $2.557B $2.021B
Short-Term Investments $1.485B $1.176B
Other Short-Term Assets $1.186B $1.083B
YoY Change 9.51% 35.54%
Inventory $3.329B $3.356B
Prepaid Expenses
Receivables $3.232B $3.296B
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.79B $10.93B
YoY Change 7.84% 1.36%
LONG-TERM ASSETS
Property, Plant & Equipment $2.260B $2.205B
YoY Change 2.49% 7.19%
Goodwill $131.0M $202.0M
YoY Change -35.15%
Intangibles $658.0M $920.0M
YoY Change -28.48%
Long-Term Investments
YoY Change
Other Assets $1.059B $921.0M
YoY Change 14.98% -5.05%
Total Long-Term Assets $3.826B $3.862B
YoY Change -0.93% 4.58%
TOTAL ASSETS
Total Short-Term Assets $11.79B $10.93B
Total Long-Term Assets $3.826B $3.862B
Total Assets $15.62B $14.79B
YoY Change 5.55% 2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.241B $1.298B
YoY Change -4.39% 13.16%
Accrued Expenses $1.899B $1.913B
YoY Change -0.73% 31.66%
Deferred Revenue
YoY Change
Short-Term Debt $103.0M $91.00M
YoY Change 13.19% -34.53%
Long-Term Debt Due $57.00M $49.00M
YoY Change 16.33% -75.25%
Total Short-Term Liabilities $3.500B $3.410B
YoY Change 2.64% 2.03%
LONG-TERM LIABILITIES
Long-Term Debt $161.0M $229.0M
YoY Change -29.69% -17.03%
Other Long-Term Liabilities $1.000M $0.00
YoY Change
Total Long-Term Liabilities $161.0M $229.0M
YoY Change -29.69% -17.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.500B $3.410B
Total Long-Term Liabilities $161.0M $229.0M
Total Liabilities $3.661B $3.639B
YoY Change 0.6% -20.48%
SHAREHOLDERS EQUITY
Retained Earnings $5.456B $5.447B
YoY Change 0.17%
Common Stock $4.977B $4.483B
YoY Change 11.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.67B $10.18B
YoY Change
Total Liabilities & Shareholders Equity $15.62B $14.79B
YoY Change 5.55% 2.18%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $866.0M $560.0M
YoY Change 54.64% 7.07%
Depreciation, Depletion And Amortization $93.00M $122.0M
YoY Change -23.77% 43.53%
Cash From Operating Activities $447.0M $328.0M
YoY Change 36.28% 1.55%
INVESTING ACTIVITIES
Capital Expenditures -$175.0M -$120.0M
YoY Change 45.83% 7.14%
Acquisitions
YoY Change
Other Investing Activities $301.0M $286.0M
YoY Change 5.24% -58.0%
Cash From Investing Activities $126.0M $166.0M
YoY Change -24.1% -70.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -352.0M -416.0M
YoY Change -15.38% -23.25%
NET CHANGE
Cash From Operating Activities 447.0M 328.0M
Cash From Investing Activities 126.0M 166.0M
Cash From Financing Activities -352.0M -416.0M
Net Change In Cash 221.0M 78.00M
YoY Change 183.33% -77.71%
FREE CASH FLOW
Cash From Operating Activities $447.0M $328.0M
Capital Expenditures -$175.0M -$120.0M
Free Cash Flow $622.0M $448.0M
YoY Change 38.84% 2.99%

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dei Trading Symbol
TradingSymbol
NKE
dei Document Fiscal Period Focus
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dei Entity Registrant Name
EntityRegistrantName
NIKE INC
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
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dei Document Period End Date
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