/Trans << >> % 'toUnicodeCMap:AAAAAA+ArialMT': class PDFStream By using our services, you agree to our use of cookies. NIKE's operated at median interest expense of 151 million from fiscal years ending May 2018 to 2022. /F2+0 16 0 R +0.45%. 1&:\65\7N%xq^&KMoO?+mQ'0 ds H pIAA4ZR^$iFRat#/V28x4&pRS 10-K PDF. /XObject << /FormXob.a7b8661fdf97b9d8bcdb7140962aa42d 3 0 R >> >> . /Type /Page >> Data may be intentionally delayed pursuant to supplier requirements. Operating overhead expense increased 8 percent to $3.0 billion, due to higher strategic technology investments, and an increase in NIKE Direct variable costs and wage-related expenses. /Trans << >> July 21, 2022. Revenues for Converse were $2.2 billion, up 16 percent on a currency-neutral basis, led by strong double-digit sales growth in our digital business. The income statement presents information on the financial results of a company business activities over a period of time. /ProcSet [ /PDF << /Contents 51 0 R Looking back at the last 5 years, NIKE's interest expense peaked in May 2022 at 299 million. << /BitsPerComponent 8 Visit a quote page and your recently viewed tickers will be displayed here. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Nike Inc. operating income increased from 2020 to 2021 but then slightly decreased from 2021 to 2022. 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. The income statement summarizes the revenues, expenses and profit generated by a business over an annual or quarterly period. 5 Others include products not allocated to Mens, Womens, NIKE Kids and Jordan Brand, as well as certain adjustments that are not allocated to products designated by consumer. 612 In euro terms, revenues were up 15% to 21.234 billion from 18.435 billion in 2020. Find out the revenue, expenses and profit or loss over the last fiscal year. Nike focuses the corporation on eight of its primary categories which are running, basketball, football (soccer), men and women's training, action sports, golf, and sports wear. NIKE Direct revenues were $18.7 billion, up 14 percent on a reported basis and up 15 percent on a currency-neutral basis, led by NIKE Brand digital growth of 18 percent and NIKE-owned stores were up 10 percent. NIKE's past years income statements indicate that its last revenue has increased compared to the previous period by 5% to $46,710,000,000. Cq^C`trh7[ F6sWQ&0B'~K|m1C%,B'u,y'%&*tL 0000008959 00000 n Fourth Quarter Income Statement Review Revenues for NIKE, Inc. decreased 1 percent to $12.2 billion compared to the prior year and were up 3 percent on a currency-neutral basis. dollars)." xmnVF]3sgHZyE]$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 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. 0000022608 00000 n Nike's gross profit. The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. In May, Nike's offshore mountain of accumulated profits was worth more . % ReportLab Generated PDF document http://www.reportlab.com Certain prior year amounts have been reclassified to conform to fiscal 2022 presentation. 612 0 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. /Height 208 ", Nike, Nike's net income worldwide from the fiscal years of 2005 to 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/241685/net-profit-of-nike-since-2005/ (last visited April 18, 2023), Nike's net income worldwide from the fiscal years of 2005 to 2022 (in million U.S. dollars) [Graph], Nike, July 21, 2022. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Please do not hesitate to contact me. Our fourth quarter revenue growth was led by higher wholesale shipments due to the annualization of COVID-19 related physical retail closures in the prior year in North America, EMEA and APLA. /Name /F1 Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. The new share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company's discretion. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 0000015166 00000 n startxref /ImageC Management uses these non-GAAP financial measures when evaluating the Company's performance, including when making financial and operating decisions. /Resources << /Font 1 0 R Based on: NIKE, Inc. (NKE) Income Statement - Yahoo Finance U.S. markets open in 33 minutes S&P Futures -9.75(-0.23%) Dow Futures 34,166.00 -24.00(-.07%) Nasdaq Futures 13,115.00 -94.75(-.72%) Russell. /ProcSet [ /PDF Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. /ImageB 4 As a result of the Consumer Direct Acceleration strategy, announced in fiscal 2021, the Company is now organized around a new consumer construct of Men's, Women's and Kids'. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. /Parent 43 0 R 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. /Text 4 Others include all unisex products, equipment and other products not allocated to Mens, Womens and NIKE Kids, as well as certain adjustments that are not allocated to products designated by gender or age. /Rotate 0 Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. /MediaBox [ 0 Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. /ColorSpace /DeviceCMYK % 'Page1': class PDFPage /Parent 43 0 R The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue. endobj 10 0 obj Proxy PDF. /F5+0 28 0 R 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. https://www.businesswire.com/news/home/20220627005703/en/, Investor Contact: %PDF-1.4 % 792 ] /F3+0 20 0 R Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Operating overhead expense increased 11 percent to $11.0 billion due to higher strategic technology investments, and an increase in wage-related expenses and NIKE Direct variable costs. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 0000009109 00000 n 1 << /Contents 50 0 R Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. EBIT margin is calculated as EBIT divided by total NIKE, Inc. 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. /ImageC 5 0 obj endobj Nike. /Resources << /Font 1 0 R Financial Statement Analysis of NIKE. Revenues for Converse were $2.3 billion, up 6 percent on a reported basis and up 7 percent on a currency-neutral basis, led by double-digit growth in our direct to consumer business, partially offset by lower wholesale revenues. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Log in to see them here or sign up to get started. /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. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. /Type /XObject Financial - Earnings Highlight. 792 ] /Rotate 0 /Resources << /Font 1 0 R We are not atrading platform and do not offer tobuy stock or sell any security. 0000007575 00000 n Please create an employee account to be able to mark statistics as favorites. Revenues for the NIKE Brand were $42.3 billion, up 17 percent on a currency-neutral basis, driven by growth across NIKE Direct and wholesale, double-digit growth across footwear Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. /Type /Page >> /F4+0 24 0 R NIKE-owned stores declined 2 percent on a reported basis and increased 1 percent on a currency-neutral basis. 0000001848 00000 n Ynpfof`X$+,sFdc#A\*B The net income of Q3 22 is 1.24B USD. For the best MarketWatch.com experience, please update to a modern browser. 7,598.45. Profit from the additional features of your individual account. Based in Beaverton, Oregon, NIKE, Inc. includes the Nike, Converse, and Jordan brands. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Companys underlying business performance and trends. In fiscal 2022, Nike's global gross profit amounted to about 21.5 billion U.S. dollars. 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. Subscriber Agreement & Terms of Use | NIKE annual cost of goods sold for 2022 was $25.231B, a 2.67% increase from 2021. /Resources << /Font 1 0 R 0000003157 00000 n /Parent 43 0 R 0000015096 00000 n 10-K (reporting date: 2018-05-31), Stock Screener /Type /Page >> 2022 2021 2020 2019 2018 5-year . endstream endobj 90 0 obj <>stream Q1 '21. NIKE annual operating income for 2022 was $6.675B, a 3.78% decline from 2021. *Q2Iv,jNh'q G9F"/rD{loUL7p]] ' Inside Nike Inc's 10-K Annual Report: Financial - Expense Highlight. /MediaBox [ 0 /Type /Page >> $9>dTPcHba?5C@('CA _wpa x\@'iF&> /ImageI ] endobj % The standard fonts dictionary NIKE, Inc., based near Beaverton, Oregon, is the worlds leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Abu Dhabi University, 1072648@students.adu.ae. Learn more about how Statista can support your business. NIKE operating income for the twelve months ending February 28, 2023 was $6.162B, a 13.46% decline year-over-year. 0 /ProcSet [ /PDF If you are an admin, please authenticate by logging in again. x]j0~ % 'Page8': class PDFPage /ImageI ] >> 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. every one of the financial ratios is assembled from the income statements, balance sheets . /ImageC Nike Inc. revenues increased from 2020 to 2021 and from 2021 to 2022. The net income raised on $6,046,000,000 and profit margin reached 13%. x]n0yCZ:JGc{ i(~:iOl95F{Iyr0O7'_a%+-=b(r,]fcc%>7G5]EoNf q{F0J/}F what it owes to others), and equity (i.e. NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2020 fourth quarter and full year ended May 31, 2020. Privacy Notice | 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. /DCTDecode ] /ImageB NIKE continues to have a strong track record of investing to fuel growth and consistently increasing returns to shareholders, including 20 consecutive years of increasing dividend payouts. For additional information about the Consumer Direct Acceleration refer to Item 7. Nike Inc. (NYSE:NKE) Income Statement Annual Data Quarterly Data The income statement presents information on the financial results of a company business activities over a period of time. 0000027749 00000 n 792 ] 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. Nike net income was down 22% to $1.5 billion. 612 /Text Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 792 ] Add to Watchlist 126.43 +2.77 (2.24%) At close: Apr 13, 2023, 4:00 PM 125.88 -0.55 (-0.44%) Pre-market: Apr 14, 2023, 5:16 AM EDT Overview Financials Statistics Forecast Dividends Profile Chart Income Balance Sheet Cash Flow Ratios Annual Quarterly Trailing NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2022 fourth quarter and full year ended May 31, 2022. 2017. g` y % 'Page9': class PDFPage 0000008357 00000 n Repurchases under the Company's new program will be made in open market or privately negotiated transactions in compliance with the Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other relevant factors. 9 0 obj Extraordinaries & Discontinued Operations, Curaleaf wins renewal for New Jersey license after emergency regulatory commission meeting, AMC boosted by rebound in foot traffic and Gen Z visits, research finds, U.S. housing starts decline in March as apartment construction cools, AI regulation: It could already be too late, technologists say, Bank of America beats profit mark and sees record inflows of $37 billion from new and existing clients, If King Dollar is wobbling, this asset is your best investment, says Citi, Goldman Sachss stock loses ground as profit tops target but revenue falls short on loan-portfolio adjustment for Marcus unit. Use Ask Statista Research Service. endobj % Page dictionary 12 0 obj 1 xref NKE | Nike Inc. Cl B Annual Income Statement - WSJ Subscribe Sign In Advertisement Nike Inc. Cl B NKE (U.S.: NYSE) View All companies AT CLOSE 4:00 PM EDT 04/12/23 $123.66 USD 0.29% AFTER HOURS. Beginning in the first quarter of fiscal 2022, unisex products are classified within Men's, and Jordan Brand revenues are separately reported. Management's Discussion and Analysis of Financial Condition and Results of Operations within the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2021. Full year reported revenues increased 19 percent to $44.5 billion. NIKEs results this fiscal year are a testament to the unmatched strength of our brands and our deep connection with consumers," said John Donahoe, President and CEO, NIKE, Inc. Our competitive advantages, including our pipeline of innovative product and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport."**. 0 0000021837 00000 n Mohammed Almani. xZ\TW?;3t"`C)b(``QPb]hD,h"ZHhbcvhfc9{xS+#B#Utl@>@afs6pggB\o, Io`HToF9<=%G51!OagdKa;V_M_"AD"&Q_'!:]*/o"?o6j9M](WIJ[ecl1WF%on*Fl[lGuQ[-a:(Vb#oWIp\_uq2IO+Hj^ZZHjB!j?MWI&n1M$0;M.91>? 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 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. Balance Sheet Income Statement Cash Flow Profit Margin Quarters Years NIKE Brand wholesale equivalent revenues consist of 1) sales to external wholesale customers and 2) internal sales from the Companys wholesale operations to its NIKE Direct operations which are charged at prices comparable to those charged to external wholesale customers. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. /ImageB << /BaseFont /Helvetica /Type /Font >> /Type /Page >> /Length 9258 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. This is an average growth rate annually of about 6.8% for the last five years. 1. Cookies help us deliver our services. 3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Companys central foreign exchange risk management program. 4 0 obj 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. 0000022352 00000 n 0000015403 00000 n hb```f``9zAb, << /Contents 44 0 R For more information, NIKE, Inc.s earnings releases and other financial information are available on the Internet at http://investors.nike.com. endstream endobj 87 0 obj <> endobj 88 0 obj <> endobj 89 0 obj <>stream Fourth quarter reported revenues were $12.2 billion, down 1 percent compared to prior year and up 3 percent on a currency-neutral basis* The sneaker giant said inventory on its balance sheet was up 44% to . Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. 792 ] /MediaBox [ 0 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. All rights reserved. NIKE cost of goods sold for the twelve months ending February 28, 2023 was $28.426B, a 12.85% increase year-over-year. Operating overhead expense decreased primarily due to lower bad debt, travel and related costs and other administrative costs. /Type /Page >> 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