mgt question

NIKE Inc (NYS: NKE)

Exchange rate used is that of the Year End reported date

As Reported Annual Income Statement

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

Revenues 36,397,000 34,350,000 32,376,000 30,601,000 27,799,000

Cost of sales 20,441,000 19,038,000 17,405,000 16,534,000 15,353,000

Gross profit 15,956,000 15,312,000 14,971,000 14,067,000 12,446,000

Demand creation expense 3,577,000 3,341,000 3,278,000 3,213,000 3,031,000

Operating overhead expense 7,934,000 7,222,000 7,191,000 6,679,000 5,735,000

Total selling & administrative expense

11,511,000 10,563,000 10,469,000 9,892,000 8,766,000

Interest income (expense), net (54,000) (59,000) (19,000) (28,000) (33,000)

Other expense (income), net 66,000 (196,000) (140,000) (58,000) 103,000

Income (loss) before income taxes - United States

744,000 1,240,000 956,000 1,967,000 3,066,000

Income (loss) before income taxes - foreign

3,581,000 3,646,000 3,667,000 2,238,000 478,000

Income (loss) before income taxes

4,325,000 4,886,000 4,623,000 4,205,000 3,544,000

Current provision (benefit) for income taxes - federal

1,167,000 398,000 304,000 596,000 371,000

Current provision (benefit) for income taxes - state

45,000 82,000 71,000 80,000 93,000

Current provision (benefit) for income taxes - foreign

533,000 439,000 568,000 369,000 398,000

Total current provision (benefit) for income taxes

1,745,000 919,000 943,000 1,045,000 862,000

Deferred provision (benefit) for income taxes - federal

595,000 (279,000) (57,000) (66,000) 8,000

Deferred provision (benefit) for income taxes - state

25,000 (9,000) (16,000) (11,000) (3,000)

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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

Deferred provision (benefit) for income tax - foreign

27,000 15,000 (7,000) (36,000) (16,000)

Total deferred provision (benefit) for income taxes

647,000 (273,000) (80,000) (113,000) (11,000)

Income tax expense (benefit) 2,392,000 646,000 863,000 932,000 851,000

Net income from continuing operations

- - - 3,273,000 2,693,000

Net income (loss) 1,933,000 4,240,000 3,760,000 3,273,000 2,693,000

Weighted average shares outstanding - basic

1,623,800 1,657,800 1,697,900 1,723,400 1,766,800

Weighted average shares outstanding - diluted

1,659,100 1,692,000 1,742,500 1,768,800 1,811,600

Year end shares outstanding 1,601,000 1,643,000 1,682,000 1,714,000 1,740,000

Income (loss) per common share - continuing operations - basic

- - - 1.9 1.525

Net income (loss) per common share - basic

1.19 2.56 2.21 1.9 1.525

Income (loss) per common share - continuing operations - diluted

- - - 1.85 1.485

Net income (loss) per common share - diluted

1.17 2.51 2.16 1.85 1.485

Dividends declared per common share

0.78 0.7 0.62 0.54 0.465

Total number of employees 73,100 74,400 70,700 62,600 56,500

Class A common stockholders 15 15 16 20 21

Class B common stockholders 22,271 22,698 23,196 23,347 32,758

Foreign currency translation adjustments

(6,000) 16,000 (176,000) (20,000) -

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