Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of NIKE.
Income Statement
| Breakdown | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 | May 31, 2016 | May 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.36B | $51.22B | $46.71B | $44.54B | $37.40B | $39.12B | $36.40B | $34.35B | $32.38B | $30.60B |
| Cost of Revenue | $28.48B | $28.93B | $25.23B | $24.58B | $21.16B | $21.64B | $20.44B | $19.04B | $17.41B | $16.53B |
| Gross Profit | $22.89B | $22.29B | $21.48B | $19.96B | $16.24B | $17.47B | $15.96B | $15.31B | $14.97B | $14.07B |
| Gross Profit Ratio | 44.56% | 43.52% | 45.98% | 44.82% | 43.42% | 44.67% | 43.84% | 44.58% | 46.24% | 45.97% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $11.91B | $12.32B | $10.95B | $9.91B | $9.53B | $8.95B | $7.93B | $7.22B | $7.19B | $6.68B |
| Selling and Marketing Expenses | $4.29B | $4.06B | $3.85B | $3.11B | $3.59B | $3.75B | $3.58B | $3.34B | $3.28B | $3.21B |
| Selling General and Administrative Expenses | $16.20B | $16.38B | $14.80B | $13.03B | $13.13B | $12.70B | $11.51B | $10.56B | $10.47B | $9.89B |
| Other Expenses | $228.00M | $280.00M | $181.00M | $-14.00M | $-139.00M | $78.00M | $-66.00M | $196.00M | $140.00M | $58.00M |
| Operating Expenses | $16.35B | $16.38B | $14.80B | $13.03B | $13.13B | $12.70B | $11.51B | $10.56B | $10.47B | $9.89B |
| Cost and Expenses | $44.82B | $45.30B | $40.03B | $37.60B | $34.29B | $34.34B | $31.95B | $29.60B | $27.87B | $26.43B |
| Interest Income | $161.00M | $297.00M | $94.00M | $34.00M | $62.00M | $82.00M | $- | $- | $- | $- |
| Interest Expense | $- | $-286.00M | $-205.00M | $262.00M | $89.00M | $-749.00M | $54.00M | $59.00M | $19.00M | $28.00M |
| Depreciation and Amortization | $853.33M | $703.00M | $717.00M | $744.00M | $721.00M | $705.00M | $747.00M | $706.00M | $649.00M | $649.00M |
| EBITDA | $7.54B | $5.92B | $6.67B | $6.94B | $3.12B | $4.77B | $4.45B | $4.75B | $4.50B | $4.17B |
| EBITDA Ratio | 14.69% | 11.55% | 14.29% | 15.58% | 8.33% | 12.20% | 12.21% | 13.83% | 13.91% | 13.64% |
| Operating Income | $6.69B | $5.06B | $5.83B | $6.14B | $2.00B | $4.05B | $4.45B | $4.75B | $4.50B | $4.21B |
| Operating Income Ratio | 13.03% | 9.87% | 12.49% | 13.79% | 5.34% | 10.36% | 12.21% | 13.83% | 13.91% | 13.74% |
| Total Other Income Expenses Net | $10.00M | $1.15B | $816.00M | $521.00M | $891.00M | $749.00M | $-66.00M | $196.00M | $140.00M | $58.00M |
| Income Before Tax | $6.70B | $6.20B | $6.65B | $6.66B | $2.89B | $4.80B | $4.33B | $4.89B | $4.62B | $4.21B |
| Income Before Tax Ratio | 13.04% | 12.11% | 14.24% | 14.96% | 7.72% | 12.27% | 11.88% | 14.22% | 14.28% | 13.74% |
| Income Tax Expense | $1.00B | $1.13B | $605.00M | $934.00M | $348.00M | $772.00M | $2.39B | $646.00M | $863.00M | $932.00M |
| Net Income | $5.70B | $5.07B | $6.05B | $5.73B | $2.54B | $4.03B | $1.93B | $4.24B | $3.76B | $3.27B |
| Net Income Ratio | 11.10% | 9.90% | 12.94% | 12.86% | 6.79% | 10.30% | 5.31% | 12.34% | 11.61% | 10.70% |
| EPS | $3.73 | $3.27 | $3.83 | $3.64 | $1.63 | $2.55 | $1.19 | $2.56 | $2.21 | $1.90 |
| EPS Diluted | $3.73 | $3.23 | $3.75 | $3.56 | $1.60 | $2.49 | $1.17 | $2.51 | $2.16 | $1.85 |
| Weighted Average Shares Outstanding | 1.53B | 1.55B | 1.58B | 1.57B | 1.56B | 1.58B | 1.62B | 1.66B | 1.70B | 1.72B |
| Weighted Average Shares Outstanding Diluted | 1.53B | 1.57B | 1.61B | 1.61B | 1.59B | 1.62B | 1.66B | 1.69B | 1.74B | 1.77B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 | May 31, 2016 | May 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $9.86B | $7.44B | $8.57B | $9.89B | $8.35B | $4.47B | $4.25B | $3.81B | $3.14B | $3.85B |
| Short Term Investments | $1.72B | $3.23B | $4.42B | $3.59B | $439.00M | $197.00M | $996.00M | $2.37B | $2.32B | $2.07B |
| Cash and Short Term Investments | $11.58B | $10.68B | $13.00B | $13.48B | $8.79B | $4.66B | $5.25B | $6.18B | $5.46B | $5.92B |
| Net Receivables | $4.43B | $4.13B | $4.67B | $4.46B | $2.75B | $4.27B | $3.50B | $3.68B | $3.24B | $3.36B |
| Inventory | $7.52B | $8.45B | $8.42B | $6.85B | $7.37B | $5.62B | $5.26B | $5.05B | $4.84B | $4.34B |
| Other Current Assets | $1.85B | $1.94B | $2.13B | $1.50B | $1.65B | $1.97B | $1.13B | $1.15B | $1.49B | $2.36B |
| Total Current Assets | $25.38B | $25.20B | $28.21B | $26.29B | $20.56B | $16.52B | $15.13B | $16.06B | $15.03B | $15.98B |
| Property Plant Equipment Net | $7.72B | $8.00B | $7.72B | $8.02B | $7.96B | $4.74B | $4.45B | $3.99B | $3.52B | $3.01B |
| Goodwill | $240.00M | $281.00M | $284.00M | $242.00M | $223.00M | $154.00M | $154.00M | $139.00M | $131.00M | $131.00M |
| Intangible Assets | $259.00M | $274.00M | $286.00M | $269.00M | $274.00M | $283.00M | $285.00M | $283.00M | $281.00M | $281.00M |
| Goodwill and Intangible Assets | $499.00M | $555.00M | $570.00M | $511.00M | $497.00M | $437.00M | $439.00M | $422.00M | $412.00M | $412.00M |
| Long Term Investments | $44.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $4.51B | $3.77B | $3.82B | $2.92B | $2.33B | $2.01B | $2.51B | $2.79B | $2.44B | $2.20B |
| Other Non-Current Assets | $-44.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Assets | $12.73B | $12.33B | $12.11B | $11.45B | $10.79B | $7.19B | $7.40B | $7.20B | $6.37B | $5.62B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $38.11B | $37.53B | $40.32B | $37.74B | $31.34B | $23.72B | $22.54B | $23.26B | $21.40B | $21.60B |
| Account Payables | $2.85B | $2.86B | $3.36B | $2.84B | $2.25B | $2.61B | $2.28B | $2.05B | $2.19B | $2.13B |
| Short Term Debt | $1.48B | $431.00M | $930.00M | $469.00M | $696.00M | $15.00M | $342.00M | $331.00M | $45.00M | $181.00M |
| Tax Payables | $534.00M | $240.00M | $222.00M | $306.00M | $156.00M | $229.00M | $150.00M | $84.00M | $85.00M | $71.00M |
| Deferred Revenue | $534.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $5.72B | $5.72B | $6.22B | $6.06B | $5.18B | $5.01B | $3.27B | $3.01B | $3.04B | $3.95B |
| Total Current Liabilities | $10.59B | $9.26B | $10.73B | $9.67B | $8.28B | $7.87B | $6.04B | $5.47B | $5.36B | $6.33B |
| Long Term Debt | $10.47B | $11.71B | $11.70B | $12.34B | $12.32B | $3.46B | $3.47B | $3.47B | $2.01B | $1.08B |
| Deferred Revenue Non-Current | $-2.62B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $2.62B | $2.56B | $2.61B | $2.96B | $2.68B | $3.35B | $3.22B | $1.91B | $1.77B | $1.48B |
| Other Non-Current Liabilities | $2.62B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $13.09B | $14.27B | $14.31B | $15.30B | $15.00B | $6.81B | $6.68B | $5.38B | $3.78B | $2.56B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $23.68B | $23.53B | $25.04B | $24.97B | $23.29B | $14.68B | $12.72B | $10.85B | $9.14B | $8.89B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $- | $3.00M | $3.00M | $3.00M | $3.00M |
| Retained Earnings | $965.00M | $1.36B | $3.48B | $3.18B | $-191.00M | $1.64B | $3.52B | $3.98B | $4.15B | $4.68B |
| Accumulated Other Comprehensive Income Loss | $53.00M | $231.00M | $318.00M | $-380.00M | $-56.00M | $231.00M | $-92.00M | $-213.00M | $318.00M | $1.25B |
| Other Total Stockholders Equity | $13.41B | $12.41B | $11.48B | $9.96B | $8.30B | $7.17B | $6.38B | $8.64B | $7.79B | $6.77B |
| Total Stockholders Equity | $14.43B | $14.00B | $15.28B | $12.77B | $8.05B | $9.04B | $9.81B | $12.41B | $12.26B | $12.71B |
| Total Equity | $14.43B | $14.00B | $15.28B | $12.77B | $8.05B | $9.04B | $9.81B | $12.41B | $12.26B | $12.71B |
| Total Liabilities and Stockholders Equity | $38.11B | $37.53B | $40.32B | $37.74B | $31.34B | $23.72B | $22.54B | $23.26B | $21.40B | $21.60B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $38.11B | $37.53B | $40.32B | $37.74B | $31.34B | $23.72B | $22.54B | $23.26B | $21.40B | $21.60B |
| Total Investments | $1.72B | $3.23B | $4.42B | $3.59B | $439.00M | $197.00M | $996.00M | $2.37B | $2.32B | $2.07B |
| Total Debt | $11.95B | $12.14B | $12.63B | $12.81B | $13.02B | $3.48B | $3.81B | $3.80B | $2.06B | $1.26B |
| Net Debt | $2.09B | $4.70B | $4.05B | $2.92B | $4.67B | $-987.00M | $-439.00M | $-6.00M | $-1.08B | $-2.59B |
Cash Flow Statement
| Breakdown | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 | May 31, 2016 | May 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.70B | $5.07B | $6.05B | $5.73B | $2.54B | $4.03B | $1.93B | $4.24B | $3.76B | $3.27B |
| Depreciation and Amortization | $796.00M | $859.00M | $840.00M | $797.00M | $1.12B | $720.00M | $774.00M | $716.00M | $662.00M | $649.00M |
| Deferred Income Tax | $-497.00M | $-117.00M | $-650.00M | $-385.00M | $-380.00M | $34.00M | $647.00M | $-273.00M | $-80.00M | $-113.00M |
| Stock Based Compensation | $804.00M | $755.00M | $638.00M | $611.00M | $429.00M | $325.00M | $218.00M | $215.00M | $236.00M | $191.00M |
| Change in Working Capital | $716.00M | $-513.00M | $-1.66B | $45.00M | $-1.25B | $562.00M | $1.48B | $-1.14B | $-1.58B | $256.00M |
| Accounts Receivables | $-329.00M | $489.00M | $-504.00M | $-1.61B | $1.24B | $-270.00M | $187.00M | $-426.00M | $60.00M | $-216.00M |
| Inventory | $908.00M | $-133.00M | $-1.68B | $507.00M | $-1.85B | $-490.00M | $-255.00M | $-231.00M | $-590.00M | $-621.00M |
| Accounts Payables | $397.00M | $-225.00M | $1.36B | $1.33B | $24.00M | $1.52B | $1.51B | $- | $- | $- |
| Other Working Capital | $137.00M | $-131.00M | $-845.00M | $-182.00M | $-654.00M | $-203.00M | $35.00M | $-484.00M | $-1.05B | $1.09B |
| Other Non Cash Items | $1.73B | $-213.00M | $-26.00M | $-138.00M | $23.00M | $233.00M | $-99.00M | $-117.00M | $98.00M | $424.00M |
| Net Cash Provided by Operating Activities | $7.43B | $5.84B | $5.19B | $6.66B | $2.48B | $5.90B | $4.96B | $3.64B | $3.10B | $4.68B |
| Investments in Property Plant and Equipment | $-812.00M | $-969.00M | $-758.00M | $-695.00M | $-1.09B | $-1.12B | $-1.03B | $-1.10B | $-1.14B | $-963.00M |
| Acquisitions Net | $- | $- | $- | $- | $- | $5.00M | $3.00M | $13.00M | $10.00M | $- |
| Purchases of Investments | $-4.77B | $-6.06B | $-12.91B | $-9.96B | $-2.43B | $-2.94B | $-4.78B | $-5.93B | $-5.22B | $-5.09B |
| Sales Maturities of Investments | $6.49B | $7.54B | $12.17B | $6.68B | $2.45B | $3.79B | $6.11B | $6.05B | $5.31B | $5.87B |
| Other Investing Activities | $-15.00M | $52.00M | $-19.00M | $171.00M | $31.00M | $855.00M | $-25.00M | $-34.00M | $6.00M | $3.00M |
| Net Cash Used for Investing Activities | $894.00M | $564.00M | $-1.52B | $-3.80B | $-1.03B | $-264.00M | $276.00M | $-1.01B | $-1.03B | $-175.00M |
| Debt Repayment | $- | $-504.00M | $-15.00M | $-197.00M | $-6.18B | $-33.00M | $-29.00M | $-61.00M | $-113.00M | $-26.00M |
| Common Stock Issued | $667.00M | $651.00M | $1.15B | $1.12B | $885.00M | $700.00M | $746.00M | $2.30B | $1.42B | $451.00M |
| Common Stock Repurchased | $-4.25B | $-5.48B | $-4.01B | $-608.00M | $-3.07B | $-4.29B | $-4.25B | $-3.22B | $-3.24B | $-2.53B |
| Dividends Paid | $-2.17B | $-2.01B | $-1.84B | $-1.64B | $-1.45B | $-1.33B | $-1.24B | $-1.13B | $-1.02B | $-899.00M |
| Other Financing Activities | $-136.00M | $-102.00M | $-121.00M | $-136.00M | $12.31B | $-342.00M | $-55.00M | $177.00M | $281.00M | $218.00M |
| Net Cash Used Provided by Financing Activities | $-5.89B | $-7.45B | $-4.84B | $-1.46B | $2.49B | $-5.29B | $-4.83B | $-1.94B | $-2.67B | $-2.79B |
| Effect of Forex Changes on Cash | $-16.00M | $-91.00M | $-143.00M | $143.00M | $-66.00M | $-129.00M | $45.00M | $-20.00M | $-105.00M | $-83.00M |
| Net Change in Cash | $2.42B | $-1.13B | $-1.31B | $1.54B | $3.88B | $217.00M | $441.00M | $670.00M | $-714.00M | $1.63B |
| Cash at End of Period | $9.86B | $7.44B | $8.57B | $9.89B | $8.35B | $4.47B | $4.25B | $3.81B | $3.14B | $3.85B |
| Cash at Beginning of Period | $7.44B | $8.57B | $9.89B | $8.35B | $4.47B | $4.25B | $3.81B | $3.14B | $3.85B | $2.22B |
| Operating Cash Flow | $7.43B | $5.84B | $5.19B | $6.66B | $2.48B | $5.90B | $4.96B | $3.64B | $3.10B | $4.68B |
| Capital Expenditure | $-812.00M | $-969.00M | $-758.00M | $-695.00M | $-1.09B | $-1.12B | $-1.03B | $-1.10B | $-1.14B | $-963.00M |
| Free Cash Flow | $6.62B | $4.87B | $4.43B | $5.96B | $1.40B | $4.78B | $3.93B | $2.54B | $1.95B | $3.72B |