mgt question
rrmdushka
20181012170906nke_balance_sheet_mergent_online.pdf
NIKE Inc (NYS: NKE)
Exchange rate used is that of the Year End reported date
As Reported Annual Balance Sheet
Report Date 05/31/2018 05/31/2017 05/31/2016 05/31/2015 05/31/2014
Currency USD USD USD USD USD
Audit Status Not Qualified
Not Qualified
Not Qualified
Not Qualified
Not Qualified
Consolidated Yes Yes Yes Yes Yes
Scale Thousands Thousands Thousands Thousands Thousands
Cash & equivalents 4,249,000 3,808,000 3,138,000 3,852,000 2,220,000
Short-term investments 996,000 2,371,000 2,319,000 2,072,000 2,922,000
Accounts receivable, gross 3,528,000 3,696,000 3,284,000 3,436,000 3,512,000
Less: allowance for uncollectible accounts receivable
30,000 19,000 43,000 78,000 78,000
Accounts receivable, net 3,498,000 3,677,000 3,241,000 3,358,000 3,434,000
Finished goods 5,261,000 5,055,000 4,838,000 4,337,000 3,947,000
Inventories 5,261,000 5,055,000 4,838,000 4,337,000 3,947,000
Deferred income taxes - - - 389,000 355,000
Prepaid expenses & other current assets
1,130,000 1,150,000 1,489,000 1,968,000 818,000
Total current assets 15,134,000 16,061,000 15,025,000 15,976,000 13,696,000
Land 331,000 285,000 286,000 273,000 270,000
Buildings 2,195,000 1,564,000 1,467,000 1,250,000 1,261,000
Machinery, equipment & internal- use software
4,230,000 3,867,000 3,510,000 3,329,000 3,376,000
Leasehold improvements 1,494,000 1,484,000 1,338,000 1,150,000 1,066,000
Construction in process 641,000 758,000 437,000 350,000 247,000
Total property, plant & equipment, gross
8,891,000 7,958,000 7,038,000 6,352,000 6,220,000
Less: accumulated depreciation 4,437,000 3,969,000 3,518,000 3,341,000 3,386,000
Property, plant & equipment, net 4,454,000 3,989,000 3,520,000 3,011,000 2,834,000
Identifiable intangible assets, net 285,000 283,000 281,000 281,000 282,000
Goodwill 154,000 139,000 131,000 131,000 131,000
Deferred income taxes & other assets
2,509,000 2,787,000 2,439,000 2,201,000 1,651,000
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Mergent Online - As Reported : NIKE Inc http://www.mergentonline.com/companyfinancials.php?compnumber=1...
1 of 3 9/5/2018, 1:25 PM
Report Date 05/31/2018 05/31/2017 05/31/2016 05/31/2015 05/31/2014
Currency USD USD USD USD USD
Audit Status Not Qualified
Not Qualified
Not Qualified
Not Qualified
Not Qualified
Consolidated Yes Yes Yes Yes Yes
Scale Thousands Thousands Thousands Thousands Thousands
Total assets 22,536,000 23,259,000 21,396,000 21,600,000 18,594,000
Current portion of long-term debt 6,000 6,000 44,000 107,000 7,000
Notes payable 336,000 325,000 1,000 74,000 167,000
Accounts payable 2,279,000 2,048,000 2,191,000 2,131,000 1,930,000
Accrued compensation & benefits, excluding taxes
897,000 871,000 943,000 997,000 782,000
Accrued endorsement compensation
425,000 396,000 393,000 388,000 328,000
Accrued dividends payable 320,000 300,000 271,000 240,000 209,000
Accrued import & logistics costs 268,000 257,000 198,000 207,000 127,000
Accrud taxes other than income taxes
224,000 196,000 159,000 174,000 204,000
Accrued fair value of derivatives 184,000 168,000 162,000 162,000 85,000
Accrued advertising & marketing 140,000 125,000 119,000 117,000 133,000
Accrual collateral received from counterparties to hedging instruments
23,000 - 105,000 968,000 -
Other accrued liabilities 788,000 698,000 687,000 698,000 623,000
Accrued liabilities 3,269,000 3,011,000 3,037,000 3,951,000 2,491,000
Income taxes payable 150,000 84,000 85,000 71,000 432,000
Total current liabilities 6,040,000 5,474,000 5,358,000 6,334,000 5,027,000
Corporate bond payables 3,459,000 3,456,000 1,989,000 1,099,000 1,106,000
Promissory notes - - 38,000 58,000 58,000
Japanese Yen notes 15,000 21,000 27,000 29,000 42,000
Total long-term debt 3,474,000 3,477,000 2,054,000 1,186,000 1,206,000
Less: current maturities 6,000 6,000 44,000 107,000 7,000
Long-term debt 3,468,000 3,471,000 2,010,000 1,079,000 1,199,000
Deferred income taxes & other liabilities
3,216,000 1,907,000 1,770,000 1,480,000 1,544,000
Class B common stock 3,000 3,000 3,000 3,000 3,000
Capital in excess of stated value 6,384,000 8,638,000 7,786,000 6,773,000 5,865,000
Foreign currency translation adjustment
(173,000) (191,000) (207,000) (11,000) 9,000
Cash flow hedges 17,000 (52,000) 463,000 1,220,000 32,000
Net investment hedges 115,000 115,000 115,000 95,000 95,000
Other accumulated other comprehensive income (loss)
(51,000) (85,000) (53,000) (58,000) (51,000)
Mergent Online - As Reported : NIKE Inc http://www.mergentonline.com/companyfinancials.php?compnumber=1...
2 of 3 9/5/2018, 1:25 PM
Report Date 05/31/2018 05/31/2017 05/31/2016 05/31/2015 05/31/2014
Currency USD USD USD USD USD
Audit Status Not Qualified
Not Qualified
Not Qualified
Not Qualified
Not Qualified
Consolidated Yes Yes Yes Yes Yes
Scale Thousands Thousands Thousands Thousands Thousands
Accumulated other comprehensive income (loss)
(92,000) (213,000) 318,000 1,246,000 85,000
Retained earnings 3,517,000 3,979,000 4,151,000 4,685,000 4,871,000
Total shareholders' equity 9,812,000 12,407,000 12,258,000 12,707,000 10,824,000
Mergent Online - As Reported : NIKE Inc http://www.mergentonline.com/companyfinancials.php?compnumber=1...
3 of 3 9/5/2018, 1:25 PM
