Nike, Inc.

Balance Sheet
For Period May 31, 2020 through May
(in millions)
Financial Statements
2020 2021
Assets
Current Assets
Cash and Cash Equivalents $ 8,348.00 $ 9,889.00
Accounts Receivable Net $ 2,749.00 $ 4,463.00
Inventory $ 7,367.00 $ 6,854.00
Other Current Assets $ 2,092.00 $ 5,085.00
Total Current Assets $ 20,556.00 $ 26,291.00

Non-Current Assets
Property, Plant and Equipment Net $ 4,866.00 $ 4,904.00
Intangibles $ 274.00 $ 269.00
Other Assets $ 5,646.00 $ 6,276.00
Total Non-Current/Fixed Assets $ 10,786.00 $ 11,449.00

Total Assets $ 31,342.00 $ 37,740.00

Liabilities and Owners' Equity

Current Liabilities
Accounts Payable $ 2,248.00 $ 2,836.00
Accrued Expenses and Other Current Liabilities $ 5,588.00 $ 6,371.00
Current Portion of Debt and Leases $ 448.00 $ 467.00
Total Current Liabilities $ 8,284.00 $ 9,674.00

Long-Term Liabilities
Long-Term Debt and Lease Obligations $ 12,319.00 $ 12,344.00
Other Long-Term Liabilities $ 2,684.00 $ 2,955.00
Total Long-Term Liabilities $ 15,003.00 $ 15,299.00

Total Liabilities $ 23,287.00 $ 24,973.00

Owners' Equity
Common Stock, Less Treasury $ 3.00 $ 3.00
Additional Paid in Capital $ 8,299.00 $ 9,965.00
Retained Earnings $ (191.00) $ 3,179.00
Other Equity $ (56.00) $ (380.00)
Total Equity $ 8,055.00 $ 12,767.00
Total Liabilities & Equity $ 31,342.00 $ 37,740.00

Check Digit: This should be 0 or your balance sheet is out

of balance. Check your work. $ - $ -

Check Digits
Total Current Assets $ 20,556.00 $ 26,291.00
Total Assets $ 31,342.00 $ 37,740.00
Total Current Liabilties $ 8,284.00 $ 9,674.00
Total Liabilities $ 23,287.00 $ 24,973.00
Total Equity $ 8,055.00 $ 12,767.00
 Nike, Inc.
Balance Sheet
ay 31, 2020 through May 31, 2022
(in millions)
atements Vertical Analysis, Common Size Statements
2022 2020 2021 2022

$ 8,574.00 26.64% 26.20% 21.26%

$ 4,667.00 8.77% 11.83% 11.57%
$ 8,420.00 23.51% 18.16% 20.88%
$ 6,552.00 6.67% 13.47% 16.25%
$ 28,213.00 65.59% 69.66% 69.97%

$ 4,791.00 15.53% 12.99% 11.88%

$ 286.00 0.87% 0.71% 0.71%
$ 7,031.00 18.01% 16.63% 17.44%
$ 12,108.00 34.41% 30.34% 30.03%

$ 40,321.00 100.00% 100.00% 100.00%

$ 3,358.00 7.17% 7.51% 8.33%

$ 6,452.00 17.83% 16.88% 16.00%
$ 920.00 1.43% 1.24% 2.28%
$ 10,730.00 26.43% 25.63% 26.61%

$ 11,697.00 39.31% 32.71% 29.01%

$ 2,613.00 8.56% 7.83% 6.48%
$ 14,310.00 47.87% 40.54% 35.49%

$ 25,040.00 74.30% 66.17% 62.10%

$ 3.00 0.01% 0.01% 0.01%

$ 11,484.00 26.48% 26.40% 28.48%
$ 3,476.00 -0.61% 8.42% 8.62%
$ 318.00 -0.18% -1.01% 0.79%
$ 15,281.00 25.70% 33.83% 37.90%
$ 40,321.00 100.00% 100.00% 100.00%

$ -

$ 28,213.00
$ 40,321.00
$ 10,730.00
$ 25,040.00
$ 15,281.00
 Nike, Inc
Income Statement
For May 31, 2020 through May 31, 2022
(in millions)
Financial Statements
2020 2021 2022
Total Revenue (or Sales) $ 37,403.00 $ 44,538.00 $ 46,710.00
Cost of Sales $ 21,162.00 $ 24,576.00 $ 25,231.00

Gross Profit $ 16,241.00 $ 19,962.00 $ 21,479.00

Sales, General and Administrative Expenses $ 13,126.00 $ 13,025.00 $ 14,804.00

Operating Income $ 3,115.00 $ 6,937.00 $ 6,675.00

Other Income (Expense) *If income is reported, enter as a negative number.

Interest Income / (Expense) $ 89.00 $ 262.00 $ 205.00
Other Income (Expense) $ 139.00 $ 14.00 $ (181.00)

Net Income (Loss), Before Tax $ 2,887.00 $ 6,661.00 $ 6,651.00

Check Digit for Net Income (Loss) , Before Tax $ 2,887.00 $ 6,661.00 $ 6,651.00
 Vertical Analysis, Common Size Statements
2020 2021 2022
100.00% 100.00% 100.00%
56.58% 55.18% 54.02%

43.42% 44.82% 45.98%

35.09% 29.24% 31.69%

8.33% 15.58% 14.29%

0.24% 0.59% 0.44%

0.37% 0.03% -0.39%

7.72% 14.96% 14.24%

 Nike, Inc.
Ratio Analysis
For Period May 31, 2020 through May 31, 2022
2020 2021 2022
Liquidity Ratios
Current Ratio 2.48 2.72 2.63
Quick Ratio 1.34 1.48 1.23
Working Capital $ 12,272.00 $ 16,617.00 $ 17,483.00

Activity Ratios
Receivable Turns 13.61 9.98 10.01
Days in Receivables 26.83 36.58 36.47
Revenues/Working Capital 3.05 2.68 2.67
Revenues/Fixed Assets 7.69 9.08 9.75
Revenues/Total Assets 1.19 1.18 1.16
Inventory Turns 0.35 3.59 3.00
Days in Inventory 1048.48 101.79 121.81
Payables Turns 9.41 8.67 7.51
Days in Payables 38.77 42.12 48.58

Coverage/Leverage Ratios
Fixed Assets/Equity 0.60 0.38 0.31

Profitability Ratios
Return on Equity 35.84% 52.17% 43.52%
Return on Total Assets 9.21% 17.65% 16.50%
Net Profit on Revenues 7.72% 14.96% 14.24%