Cash flow Nike, Inc.

Equities

NKE

US6541061031

Footwear

Market Closed - Nyse Other stock markets 04:00:02 2025-01-10 pm EST			Pre-market 08:51:03 am
71.20 ^USD	-0.13%		71.28	+0.11%

Jan. 10	NIKE INC : Bernstein gives a Buy rating	ZD
Jan. 10	Hiring highs trigger Wall Street woes: No cuts on the horizon

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Published financial data: NIKE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: May	2020	2021	2022	2023	2024
Revenues	37.4B	44.54B	46.71B	51.22B	51.36B
Total Revenues	37.4B	44.54B	46.71B	51.22B	51.36B
Cost of Goods Sold, Total	21.16B	24.54B	25.23B	28.92B	28.41B
Gross Profit	16.24B	20B	21.48B	22.29B	22.95B
Selling General & Admin Expenses, Total	13.13B	12.77B	14.8B	16.38B	16.2B
Other Operating Expenses, Total	13.13B	12.77B	14.8B	16.38B	16.2B
Operating Income	3.12B	7.23B	6.68B	5.92B	6.75B
Interest Expense, Total	-151M	-296M	-299M	-291M	-269M
Interest And Investment Income	62M	34M	94M	297M	430M
Net Interest Expenses	-89M	-262M	-205M	6M	161M
Currency Exchange Gains (Loss)	30M	-222M	219M	-	228M
Other Non Operating Income (Expenses)	236M	208M	58M	280M	-27M
EBT, Excl. Unusual Items	3.29B	6.96B	6.75B	6.2B	7.12B
Restructuring Charges	-	-294M	-	-	-443M
Other Unusual Items	-405M	-	-96M	-	27M
EBT, Incl. Unusual Items	2.89B	6.66B	6.65B	6.2B	6.7B
Income Tax Expense	348M	934M	605M	1.13B	1B
Earnings From Continuing Operations	2.54B	5.73B	6.05B	5.07B	5.7B
Net Income to Company	2.54B	5.73B	6.05B	5.07B	5.7B
Net Income - (IS)	2.54B	5.73B	6.05B	5.07B	5.7B
Net Income to Common Incl Extra Items	2.54B	5.73B	6.05B	5.07B	5.7B
Net Income to Common Excl. Extra Items	2.54B	5.73B	6.05B	5.07B	5.7B
Per Share Items
Net EPS - Basic	1.63	3.64	3.83	3.27	3.76
Basic EPS - Continuing Operations	1.63	3.64	3.83	3.27	3.76
Basic Weighted Average Shares Outstanding	1.56B	1.57B	1.58B	1.55B	1.52B
Net EPS - Diluted	1.6	3.56	3.75	3.23	3.73
Diluted EPS - Continuing Operations	1.6	3.56	3.75	3.23	3.73
Diluted Weighted Average Shares Outstanding	1.59B	1.61B	1.61B	1.57B	1.53B
Normalized Basic EPS	1.32	2.76	2.67	2.5	2.93
Normalized Diluted EPS	1.29	2.7	2.62	2.47	2.91
Dividend Per Share	0.96	1.07	1.19	1.32	1.45
Payout Ratio	57.19	28.6	30.38	39.68	38.05
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	4.23B	8.03B	7.52B	6.77B	7.6B
EBITA	3.51B	7.28B	6.8B	6.07B	6.8B
EBIT	3.12B	7.23B	6.68B	5.92B	6.75B
EBITDAR	5.14B	8.96B	8.47B	7.76B	8.65B
Effective Tax Rate - (Ratio)	12.05	14.02	9.1	18.24	14.93
Current Domestic Taxes	-28M	462M	329M	614M	983M
Current Foreign Taxes	756M	857M	926M	634M	514M
Total Current Taxes	728M	1.32B	1.26B	1.25B	1.5B
Deferred Domestic Taxes	-278M	-405M	-538M	-187M	-483M
Deferred Foreign Taxes	-102M	20M	-112M	70M	-14M
Total Deferred Taxes	-380M	-385M	-650M	-117M	-497M
Normalized Net Income	2.06B	4.35B	4.22B	3.88B	4.45B
Supplemental Operating Expense Items
Marketing Expenses	3.59B	3.11B	3.85B	-	-
Selling and Marketing Expenses	3.59B	3.11B	3.85B	4.06B	4.28B
Net Rental Expense, Total	906M	936M	959M	988M	1.05B
Imputed Operating Lease Interest Expense	130M	172M	180M	186M	187M
Imputed Operating Lease Depreciation	776M	764M	779M	802M	864M
Stock-Based Comp., COGS (Total)	-	-	-	-	8M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	43M
Stock-Based Comp., Other (Total)	429M	611M	638M	755M	753M
Total Stock-Based Compensation	429M	611M	638M	755M	804M

Fiscal Period: May	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	8.35B	9.89B	8.57B	7.44B	9.86B
Short Term Investments	439M	3.59B	4.42B	3.23B	1.72B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	8.79B	13.48B	13B	10.68B	11.58B
Accounts Receivable, Total	2.75B	4.46B	4.67B	4.13B	4.43B
Notes Receivable	-	-	-	-	-
Total Receivables	2.75B	4.46B	4.67B	4.13B	4.43B
Inventory	7.37B	6.85B	8.42B	8.45B	7.52B
Prepaid Expenses	1.25B	1.15B	1.26B	1.22B	1.22B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	405M	345M	868M	719M	630M
Total Current Assets	20.56B	26.29B	28.21B	25.2B	25.38B
Gross Property Plant And Equipment	12.76B	13.17B	13.02B	13.64B	13.63B
Accumulated Depreciation	-4.8B	-5.16B	-5.31B	-5.63B	-5.91B
Net Property Plant And Equipment	7.96B	8.02B	7.72B	8B	7.72B
Goodwill	223M	242M	284M	281M	240M
Other Intangibles, Total	274M	269M	286M	274M	259M
Deferred Tax Assets Long-Term	1.21B	2.61B	2.3B	2.45B	2.46B
Other Long-Term Assets, Total	1.12B	308M	1.53B	1.32B	2.05B
Total Assets	31.34B	37.74B	40.32B	37.53B	38.11B
Liabilities
Accounts Payable, Total	2.25B	2.84B	3.36B	2.86B	2.85B
Accrued Expenses, Total	2.88B	4.21B	4.74B	2.29B	3.88B
Short-term Borrowings	248M	2M	10M	6M	6M
Current Portion of Long-Term Debt	3M	-	500M	-	1B
Current Portion of Leases	445M	467M	420M	425M	477M
Current Income Taxes Payable	156M	306M	222M	240M	534M
Other Current Liabilities	2.3B	1.85B	1.48B	3.43B	1.84B
Total Current Liabilities	8.28B	9.67B	10.73B	9.26B	10.59B
Long-Term Debt	9.41B	9.41B	8.92B	8.93B	7.93B
Long-Term Leases	2.91B	2.93B	2.78B	2.79B	2.57B
Pension & Other Post Retirement Benefits	-	-	30M	29M	-
Deferred Tax Liability Non Current	852M	882M	922M	2.21B	145M
Other Non Current Liabilities	1.83B	2.07B	1.66B	320M	2.44B
Total Liabilities	23.29B	24.97B	25.04B	23.53B	23.68B
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	8.3B	9.96B	11.48B	12.41B	13.41B
Retained Earnings	-191M	3.18B	3.48B	1.36B	965M
Comprehensive Income and Other	-56M	-380M	318M	231M	53M
Total Common Equity	8.06B	12.77B	15.28B	14B	14.43B
Total Equity	8.06B	12.77B	15.28B	14B	14.43B
Total Liabilities And Equity	31.34B	37.74B	40.32B	37.53B	38.11B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.56B	1.58B	1.57B	1.53B	1.5B
ECS Total Common Shares Outstanding	1.57B	1.58B	1.57B	1.53B	1.5B
Book Value / Share	5.14	8.09	9.73	9.14	9.6
Tangible Book Value	7.56B	12.26B	14.71B	13.45B	13.93B
Tangible Book Value Per Share	4.82	7.77	9.36	8.78	9.27
Total Debt	13.02B	12.81B	12.63B	12.14B	11.98B
Net Debt	4.23B	-663M	-370M	1.47B	401M
Debt Equivalent of Unfunded Proj. Benefit Obligation	79M	64M	30M	29M	-
Debt Equivalent Oper. Leases	7.25B	7.49B	7.67B	7.9B	8.41B
Account Code - Inventory Valuation	8	8	3	3	3
Inventories - Finished Goods, Total	-	-	8.42B	8.45B	7.52B
Land - (BS)	345M	363M	330M	326M	329M
Buildings, Total	2.44B	3.36B	3.17B	3.29B	3.44B
Machinery, Total	2.75B	3.02B	2.87B	3.08B	3.12B
Full Time Employees	75.4K	73.3K	79.1K	83.7K	79.4K
Accumulated Allowance for Doubtful Accounts (Supple)	214M	93M	34M	34M	35M

Fiscal Period: May	2020	2021	2022	2023	2024
Net Income	2.54B	5.73B	6.05B	5.07B	5.7B
Depreciation & Amortization - CF	721M	744M	717M	703M	796M
Amortization of Goodwill and Intangible Assets - (CF)	398M	53M	123M	156M	48M
Depreciation & Amortization, Total	1.12B	797M	840M	859M	844M
Stock-Based Compensation (CF)	429M	611M	638M	755M	804M
Other Operating Activities, Total	-357M	-523M	-676M	-330M	-635M
Change In Accounts Receivable	1.24B	-1.61B	-504M	489M	-329M
Change In Inventories	-1.85B	507M	-1.68B	-133M	908M
Change In Accounts Payable	24M	1.33B	1.36B	-225M	397M
Change in Other Net Operating Assets	-654M	-182M	-845M	-644M	-260M
Cash from Operations	2.48B	6.66B	5.19B	5.84B	7.43B
Capital Expenditure	-1.09B	-695M	-758M	-969M	-812M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	27M	-3.28B	-747M	1.48B	1.72B
Other Investing Activities, Total	31M	171M	-19M	52M	-15M
Cash from Investing	-1.03B	-3.8B	-1.52B	564M	894M
Short Term Debt Issued, Total	49M	-	15M	-	-
Long-Term Debt Issued, Total	6.13B	-	-	-	-
Total Debt Issued	6.18B	-	15M	-	-
Short Term Debt Repaid, Total	-	-52M	-	-4M	-
Long-Term Debt Repaid, Total	-	-197M	-	-500M	-
Total Debt Repaid	-	-249M	-	-504M	-
Issuance of Common Stock	885M	1.17B	1.15B	651M	667M
Repurchase of Common Stock	-3.07B	-608M	-4.01B	-5.48B	-4.25B
Common Dividends Paid	-1.45B	-1.64B	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-1.84B	-2.01B	-2.17B
Common & Preferred Stock Dividends Paid	-1.45B	-1.64B	-1.84B	-2.01B	-2.17B
Other Financing Activities, Total	-58M	-136M	-151M	-102M	-136M
Cash from Financing	2.49B	-1.46B	-4.84B	-7.45B	-5.89B
Foreign Exchange Rate Adjustments	-66M	143M	-143M	-91M	-16M
Net Change in Cash	3.88B	1.54B	-1.32B	-1.13B	2.42B
Supplemental Items
Cash Interest Paid	140M	293M	290M	347M	381M
Cash Income Tax Paid (Refund)	1.03B	1.18B	1.23B	1.52B	1.3B
Levered Free Cash Flow	2.18B	5.62B	2.9B	3.87B	5.9B
Unlevered Free Cash Flow	2.27B	5.8B	3.09B	4.06B	6.07B
Change In Net Working Capital	138M	-571M	1.81B	286M	-1.01B
Net Debt Issued / Repaid	6.18B	-249M	15M	-504M	-

Fiscal Period: May	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.07	13.08	10.69	9.5	11.16
Return on Total Capital	11.46	19.38	15.6	13.68	16.06
Return On Equity %	29.7	55.01	43.11	34.63	40.09
Return on Common Equity	29.7	55.01	43.11	34.63	40.09
Margin Analysis
Gross Profit Margin %	43.42	44.91	45.98	43.52	44.68
SG&A Margin	35.09	28.67	31.69	31.98	31.53
EBITDA Margin %	11.32	18.02	16.09	13.23	14.79
EBITA Margin %	9.39	16.35	14.55	11.85	13.24
EBIT Margin %	8.33	16.24	14.29	11.55	13.15
Income From Continuing Operations Margin %	6.79	12.86	12.94	9.9	11.1
Net Income Margin %	6.79	12.86	12.94	9.9	11.1
Net Avail. For Common Margin %	6.79	12.86	12.94	9.9	11.1
Normalized Net Income Margin	5.5	9.76	9.03	7.57	8.66
Levered Free Cash Flow Margin	5.82	12.61	6.21	7.56	11.49
Unlevered Free Cash Flow Margin	6.07	13.03	6.61	7.92	11.82
Asset Turnover
Asset Turnover	1.36	1.29	1.2	1.32	1.36
Fixed Assets Turnover	5.89	5.57	5.94	6.52	6.53
Receivables Turnover (Average Receivables)	10.65	12.35	10.23	11.64	12
Inventory Turnover (Average Inventory)	3.26	3.45	3.3	3.43	3.56
Short Term Liquidity
Current Ratio	2.48	2.72	2.63	2.72	2.4
Quick Ratio	1.39	1.85	1.65	1.6	1.51
Operating Cash Flow to Current Liabilities	0.3	0.69	0.48	0.63	0.7
Days Sales Outstanding (Average Receivables)	34.35	29.55	35.67	31.35	30.49
Days Outstanding Inventory (Average Inventory)	112.32	105.77	110.48	106.47	102.88
Average Days Payable Outstanding	38.83	38.62	42.18	39.2	38.05
Cash Conversion Cycle (Average Days)	107.85	96.7	103.97	98.62	95.33
Long Term Solvency
Total Debt/Equity	161.58	100.36	82.63	86.72	83.04
Total Debt / Total Capital	61.77	50.09	45.24	46.44	45.37
LT Debt/Equity	152.94	96.69	76.55	83.64	72.76
Long-Term Debt / Total Capital	58.47	48.26	41.91	44.8	39.75
Total Liabilities / Total Assets	74.3	66.17	62.1	62.69	62.14
EBIT / Interest Expense	20.63	24.43	22.32	20.33	25.11
EBITDA / Interest Expense	34.04	30.28	28.34	26.67	32.15
(EBITDA - Capex) / Interest Expense	26.85	27.94	25.81	23.34	29.13
Total Debt / EBITDA	2.53	1.43	1.49	1.56	1.39
Net Debt / EBITDA	0.82	-0.07	-0.04	0.19	0.05
Total Debt / (EBITDA - Capex)	3.21	1.55	1.64	1.79	1.53
Net Debt / (EBITDA - Capex)	1.04	-0.08	-0.05	0.22	0.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.38	19.08	4.88	9.65	0.28
Gross Profit, 1 Yr. Growth %	-7.06	23.15	7.39	3.78	2.96
EBITDA, 1 Yr. Growth %	-22.91	89.61	-6.39	-9.86	12.16
EBITA, 1 Yr. Growth %	-26.61	107.34	-6.67	-10.69	12.04
EBIT, 1 Yr. Growth %	-34.72	132.13	-7.69	-11.39	14.18
Earnings From Cont. Operations, 1 Yr. Growth %	-36.98	125.56	5.57	-16.14	12.43
Net Income, 1 Yr. Growth %	-36.98	125.56	5.57	-16.14	12.43
Normalized Net Income, 1 Yr. Growth %	-31.43	111.27	-2.99	-8.09	14.76
Diluted EPS Before Extra, 1 Yr. Growth %	-35.74	122.5	5.34	-13.87	15.48
Accounts Receivable, 1 Yr. Growth %	-35.65	62.35	4.57	-11.48	7.17
Inventory, 1 Yr. Growth %	31.04	-6.96