Fiscal 2011 was a rewarding and challenging year. NIKE, Inc. delivered record revenue and
earnings. They did it by leveraging their resources and relentlessly pursuing biggest growth
opportunities. That kind of laser focus enables NIKE to navigate an ever-changing
macroeconomic landscape while continuing to deliver amazing products and experiences to
the consumers. And that creates value for their shareholders.
1. BALANCE SHEET
Period Ending
Assets
Current Assets
Cash And Cash Equivalents
Short Term Investments
Net Receivables
Inventory
Other Current Assets
31-May2011
31-May2010
31-May2009
1,955,000
2,583,000
3,450,000
2,715,000
594,000
3,079,000
2,067,000
2,899,000
2,041,000
873,000
2,291,100
1,164,000
3,156,300
2,357,000
765,600
11,297,000
2,115,000
205,000
487,000
894,000
10,959,000
1,932,000
188,000
467,000
873,000
9,734,000
1,957,700
193,500
467,400
897,000
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Short/Current Long Term Debt
Other Current Liabilities
14,998,000
14,419,000 13,249,600
3,571,000
387,000
-
3,218,000
146,000
-
2,902,100
374,900
-
3,958,000
276,000
921,000
-
3,364,000
446,000
855,000
-
3,277,000
437,200
842,000
-
Total Liabilities
5,155,000
4,665,000
4,556,200
Stockholders' Equity
Misc Stocks Options Warrants
Redeemable Preferred Stock
Preferred Stock
Common Stock
Retained Earnings
Treasury Stock
Capital Surplus
Other Stockholder Equity
3,000
5,801,000
3,944,000
95,000
3,000
6,095,000
3,441,000
215,000
300
2,800
5,451,400
2,871,400
367,500
9,843,000
9,754,000
8,693,100
9,151,000
9,099,000
8,032,200
2. INCOME STATEMENT
Period Ending
Total Revenue
Cost of Revenue
Gross Profit
Operating Expenses
Research Development
Selling General and Administrative
Non Recurring
Others
30-May30-May30-May2011
2010
2009
20,862,000 19,014,000 19,176,000
11,354,000 10,214,000 10,572,000
9,508,000
8,800,000
8,604,000
6,693,000
-
6,326,000
-
6,150,000
596,000
-
2,815,000
2,474,000
1,858,000
33,000
2,844,000
2,844,000
711,000
-
49,000
2,517,000
2,517,000
610,000
-
89,000
1,957,000
1,957,000
470,000
-
2,133,000
1,907,000
1,487,000
Non-recurring Events
Discontinued Operations
Extraordinary Items
Effect Of Accounting Changes
Net Income
Preferred Stock And Other Adjustments
2,133,000
-
1,907,000
-
1,487,000
-
2,133,000
1,907,000
1,487,000
Other Items
30-May-2011 30-May-2010
30-May2009
1,487,000
Net Income
2,133,000
Operating Activities, Cash Flows Provided By or Used In
Depreciation
358,000
Adjustments To Net Income
29,000
Changes In Accounts Receivables
(273,000)
Changes In Liabilities
151,000
Changes In Inventories
(551,000)
Changes In Other Operating Activities
(35,000)
1,907,000
3,164,000
(335,000)
(932,000)
(1,000)
(456,000)
(328,000)
(14,000)
(1,268,000)
(798,000)
(505,000)
(377,000)
(32,000)
-
(467,000)
(462,000)
(7,000)
25,100
(1,972,000)
57,000
(1,061,000)
(47,000)
(734,000)
(47,000)
(1,124,000)
788,000
157,000
396,000
167,000
182,000
297,000
285,000
(70,000)
383,000
278,000
(238,000)
(220,000)
32,000
14,000
1,736,000
NIKE
FINANCIAL STATEMENTS AND ANALYSIS