NIKE's latest twelve months interest expense is 295 million NIKE's interest expense for fiscal years ending May 2018 to 2022 averaged 200.2 million. Nike net income was down 22% to $1.5 billion. Nike carries such brands as Air Jordan, Converse, Hurley, and of course Nike. Find out the revenue, expenses and profit or loss over the last fiscal year. /MediaBox [ 0 }CD\!$`ND0#x(9 0 Additionally, the favorable impact of growth in our higher margin NIKE Direct business, led by NIKE owned Digital, was . 0000001136 00000 n July 21, 2022. startxref % 'Page1': class PDFPage 0000001848 00000 n This is an average growth rate annually of about 6.8% for the last five years. 0000000016 00000 n endobj Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. 0 ] Find the latest Financials data for Nike, Inc. Common Stock (NKE) at Nasdaq.com. BEAVERTON, Ore.-- (BUSINESS WIRE)-- NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2022 fourth quarter and full year ended May 31, 2022. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. Ten years of annual and quarterly income statements for NIKE (NKE). endstream endobj 83 0 obj <> endobj 84 0 obj <>stream /ProcSet [ /PDF View advanced insights on the income statement, including growth rates and metrics that provide an in-depth view of the company's historical and forecasted financial performance. Looking back at the last 5 years, NIKE's interest expense peaked in May 2022 at 299 million. 0000015403 00000 n NIKEs brand momentum is a testament to our authentic consumer connections, digital strength and continued operational execution, said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. As we advance our consumer-led digital transformation, we are building a new financial model that will continue to fuel long-term sustainable, profitable growth for NIKE. *. Based on: 612 % Page dictionary 0000003157 00000 n By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. 10-K PDF. 0000002642 00000 n The net income of Q3 22 is 1.24B USD. /Rotate 0 NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2021 fourth quarter and full year ended May 31, 2021 endobj % Page dictionary See additional information in the accompanying Divisional Revenues table or the Supplemental NIKE Brand Revenue table regarding this non-GAAP financial measure. 0000003026 00000 n % Page dictionary Nike incorporated, established in 1967, is a worldwide corporation. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Are you interested in testing our business solutions? Something went wrong while loading Watchlist. Nike's Investment Value and Development Trend Article Full-text available Dec 2022 Tianyi Cao View Show abstract Chapter January 1961 Die Begriffe Bilanzanalyse und Bilanzkritik werden in der. Full year reported revenues increased 19 percent to $44.5 billion. 1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as EBIT), which represents net income before interest expense (income), net and income tax expense. 11 0 obj /ImageI ] /Text Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. NIKE has a strong track record of investing to fuel growth and consistently increasing returns to shareholders through dividends and share repurchases, including 19 consecutive years of increasing dividend payouts. /Type /XObject xref /MediaBox [ 0 /Text /ImageB Weighted average common shares outstanding: Prepaid expenses and other current assets, Current portion of operating lease liabilities, Deferred income taxes and other liabilities, TOTAL LIABILITIES AND SHAREHOLDERS EQUITY. This browser is no longer supported at MarketWatch. /Text % ReportLab Generated PDF document http://www.reportlab.com Total operating expenses were $14,804,000,000. This activity was partially offset by higher digital marketing investments. xmnVF]3sgHZyE]$oF%@V~wNxw4^8|vmNwy}^N0_Nrv_}?c|j\/8?{ns/fqv}u,R{?n^O^MmuMT']H+}o|n7&7 oM~o~7&7 oM~o~w.w]~;~w.w]~;??!C??!C&o o7M7&o o7M7??O)OS'??O)OS'/%/_K_/%/_K_.w]w;.w]w;+/}-Bw=p.R,J.S}0u2W/1FpdO|endstream /ImageI ] >> NIKE Direct revenues were $16.4 billion, up 32 percent, or 30 percent on a currency-neutral basis, led by 64 percent, or 60 percent on a currency-neutral basis, growth in NIKE Brand Digital, with all geographies growing strong double-digits. /MediaBox [ 0 Revenues for the NIKE Brand were $42.3 billion, up 17 percent on a currency-neutral basis, driven by growth across NIKE Direct and wholesale, double-digit growth across footwear and apparel, with growth led by Sportswear and the Jordan Brand. endstream endobj 85 0 obj <> endobj 86 0 obj <>stream /Parent 43 0 R OUR APPROACH TO RISK MANAGEMENT The UK tax strategy conforms with Nike, Inc.'s Code of Business Conduct and Ethics "Inside the Lines" and is owned and approved by Nike Management and overseen by the Nike, Inc. Board of Directors and Audit Committee. NIKE cost of goods sold for the twelve months ending February 28, 2023 was $28.426B, a 12.85% increase year-over-year. Statista. NIKE annual operating income for 2022 was $6.675B, a 3.78% decline from 2021. Copyright 2023 MarketWatch, Inc. All rights reserved. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. /Parent 43 0 R Accessed April 18, 2023. https://www.statista.com/statistics/241685/net-profit-of-nike-since-2005/, Nike. /`\,pA#'$8*F;_? << /BitsPerComponent 8 International stock quotes are delayed as per exchange requirements. In euro terms, revenues were up 15% to 21.234 billion from 18.435 billion in 2020. Demand creation expense was $3.1 billion, down 13 percent to prior year, primarily due to lower marketing and advertising expenses for our brand events and retail operations, as well as lower sports marketing expenses as sporting events were postponed due to COVID-19. +0.45%. NIKE annual cost of goods sold for 2021 was $24.576B, a 16.13% increase from 2020. 0000004456 00000 n 0000007575 00000 n Nike first fiscal quarter revenue was up 4% to $12.69 billion, beating estimates. NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2021 fourth quarter and full year ended May 31, 2021. SN\pGr< 92axpXDylp8Ec1PUW VHbB.+ngH5'C\)yhq what it owes to others), and equity (i.e. Paul Trussell 0000005630 00000 n /Text 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. 612 2022 2021 2020 2019 2018 5-year . Have Watchlists? Currently, you are using a shared account. 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Companys corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. As of May 31, 2021, a total of 50 million shares for $4.7 billion had been repurchased under this program. /MediaBox [ 0 Weighted average common shares outstanding: Prepaid expenses and other current assets, Current portion of operating lease liabilities, Deferred income taxes and other liabilities, TOTAL LIABILITIES AND SHAREHOLDERS EQUITY. Despite temporary store closures across the marketplace due to COVID-19, comparable store sales grew 4 percent. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. NIKE Brand Digital grew 15 percent on a reported basis and 18 percent on a currency-neutral basis, driven by double digit growth in APLA, North America and EMEA. Individuals can also visit http://news.nike.com and follow @NIKE. ^>~17j#`c0/r%^9H\H0~EcE^;k\/!Pi OF`v|#wU| https://www.businesswire.com/news/home/20220627005703/en/, Investor Contact: /ImageC *Q2Iv,jNh'q G9F"/rD{loUL7p]] ' Cookie Notice (). /Subtype /Image Visit a quote page and your recently viewed tickers will be displayed here. In the first half of fiscal 2020, prior to COVID-19, NIKE, Inc. revenue was up 9 percent, or 11 2017. 2 0 obj 0000009186 00000 n 0 /ImageB % Font Helvetica Certain prior year amounts have been reclassified to conform to fiscal 2022 presentation. 792 ] Revenues for Converse were $593 million, down 1 percent on a reported basis and up 3 percent on a currency-neutral basis, due to wholesale revenue declines offset by growth in our direct to consumer business. 5 0 obj NIKE Brand Revenues on a Wholesale Equivalent Basis:3, Sales from our Wholesale Operations to NIKE Direct Operations, TOTAL NIKE BRAND WHOLESALE EQUIVALENT REVENUES, NIKE Brand Wholesale Equivalent Revenues by:3,4. Stock Screener Stock Screener 0000009028 00000 n HVkAmH_fQn$&Zm4}4" }ri \fwffw6I_P IN83#DZ3CTrCj+:>$7:.$2+p =/0 rH |Yy9]V*JU4?IrS6Q9ndJ-NgsI5r~"sqmSm 2xOBT&nitfy.VbH d"Gs.1\IcZJ6 Gq)Gc/Qo|n C)&}x+&vlA c*\qp'(*eJYK}\yUP:dKWTLT992l_NkP:LHHTd LZZIX_Kn.yncw&tLNUQ_3Msf<>u5ca_WkN *"E,%@qjqZ^UEs%2.dsSRpCUwmm/*v .4:luSS~0>A.$\ENO- ",.-} MF $x7N0Zy=JK@pPH%1 1&:\65\7N%xq^&KMoO?+mQ'0 ds H pIAA4ZR^$iFRat#/V28x4&pRS Our full year NIKE, Inc. revenues increased 19 percent on a reported basis or 14 percent compared to fiscal year 2019, reflecting growth across all Geographies and Converse, including seven consecutive years of double-digit, currency-neutral** growth for our Greater China business. stream /Trans << >> BEAVERTON, Ore.--(BUSINESS WIRE)-- /ImageI ] >> Privacy Notice | Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. The net income raised on $6,046,000,000 and profit margin reached 13%. << /BaseFont /Helvetica 612 Gross margin for the fourth quarter decreased 80 basis points to 45 percent. Nike's cash flow statement at 31-05 for the last six years is shown in table 3 that shows an improvement in cash flow for Nike, the company cash flow on 31-5-2016 was 3,138 M$ and ends the. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 0 The net result for the period of deducting operating expenses from operating revenues. (971) 473-3143, Media Contact: /ImageB 10-K (reporting date: 2017-05-31). 8 0 obj As physical retail was temporarily closed, EMEA Digital fourth quarter sales increased 40 percent, or 170 percent compared to the fourth quarter of 2019. /Text North America delivered record revenues, up 141 percent on a reported basis for the fourth quarter, up 29 percent compared to the fourth quarter of 2019, including increased wholesale revenue due to delayed shipments from the previous quarter. Demand creation expense was $1.1 billion, up 6 percent, primarily due to increased sports marketing expenses and continued investments in digital marketing to support heightened digital demand. /ImageB endobj Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 5 Others include all other categories and certain adjustments that are not allocated at the category level. x]n0yCZ:JGc{ i(~:iOl95F{Iyr0O7'_a%+-=b(r,]fcc%>7G5]EoNf q{F0J/}F In 2021, revenues increased 16% on a currency-neutral basis. Revenues for the NIKE Brand were $11.7 billion, down 1 percent on a reported basis and up 3 percent on a currency-neutral basis, led by 20 percent growth in EMEA. NKE | Nike Inc. Cl B Annual Income Statement | MarketWatch Home Investing Quotes Stocks United States NKE Finanicals Stock Screener Earnings Calendar Sectors NYSE | NKE U.S.: NYSE Nike. [Online]. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 0 << /Filter [ /FlateDecode ] Financial - Earnings Highlight. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. endobj hb```f``9zAb, View source version on businesswire.com: % 'Page6': class PDFPage Operating overhead expense increased 4 percent to $9.9 billion due to an increase in strategic technology investments, higher NIKE Direct variable costs and approximately $260 million in restructuring-related costs, partially offset by lower bad debt expense and lower travel and related expenses. 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. 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