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Financial Report of NIKE
Company’s Introduction
Nike, the Greek goddess of victory, helped others succeed in times of war. NIKE, the world’s top shoemaker, does more dominating than assisting, to capture more than 20% of the US athletic shoe market. The company designs and sells shoes for a variety of sports, including baseball, cheerleading, golf, volleyball, hiking, tennis, and football. NIKE also sells Cole Haan dress and casual shoes and a line of athletic apparel and equipment. In addition, it operates NIKETOWN shoe and sportswear stores, NIKE factory outlets, and NIKE Women shops. NIKE sells its products throughout the US and in more than 160 other countries. NIKE veteran Mark Parker succeeded Bill Perez, who resigned in 2006, as president and CEO.
Key People
Chairman: Philip H. Knight
President, CEO, and Director: Mark G. Parker
VP and CFO: Donald W. Blair
Contact Information
Phone: 503-671-6453
Fax: 503-671-6300
Financial Highlights
Fiscal Year End: May
Revenue (2006): 14954.90 M
Revenue Growth (1 yr): 8.80%
Employees (2006): 28,000
Employee Growth (1 yr): 7.70%
Balance Sheet of Nike
(Amounts are in thousands)
PERIOD ENDING 31-May-06 31-May-05 31-May-04
Assets
Current Assets
Cash and Cash Equivalents 954,200 1,388,100 828,000
Short Term Investments 1,348,800 436,600 400,800
Net Receivables 2,599,200 2,372,300 2,285,200
Inventory 2,076,700 1,811,100 1,633,600
Other Current Assets 380,100 343,000 364,400
Total Current Assets 7,359,000 6,351,100 5,512,000
Long Term Investments – – –
Property Plant and Equipment 1,657,700 1,605,800 1,586,900
Goodwill 130,800 135,400 135,400
Intangible Assets 405,500 406,100 366,300
Accumulated Amortization – – –
Other Assets – – –
Deferred Long Term Asset Charges 316,600 295,200 291,000
Total Assets 9,869,600 7,891,6008,793,600
Liabilities
Current Liabilities
Accounts Payable 2,368,000 1,993,000 1,861,100
Short/Current Long Term Debt 255,300 6,200 147,900
Other Current Liabilities – – –
Total Current Liabilities 2,623,300 1,999,200 2,009,000
Long Term Debt 410,700 687,300 682,400
Other Liabilities – – –
Deferred Long Term Liability Charges 550,100 462,600 418,200
Minority Interest – – –
Negative Goodwill – – –
Total Liabilities 3,584,100 3,149,100 3,109,600
Stockholders’ Equity
Misc Stocks Options Warrants – – –
Redeemable Preferred Stock 300 300 300
Preferred Stock – – –
Common Stock 2,800 2,800 2,800
Retained Earnings 4,713,400 4,396,500 3,982,900
Treasury Stock – – –
Capital Surplus 1,451,400 1,182,900 887,800
Other Stockholder Equity 117,600 62,000 (91,800)
Total Stockholder Equity 6,285,200 5,644,200 4,781,700
Net Tangible Assets 5,748,900 5,102,700 4, 280, 00
Cash Flow Statement of Nike
(All amounts are in thousands)
PERIOD ENDING 31-May-06 31-May-05 31-May-04
Net Income 1,392,000 1,211,600 945,600
Operating Activities, Cash Flows Provided By or Used In
Depreciation 290,900 287,700 310,400
Adjustments to Net Income 28,200 84,400 66,200
Changes in Accounts Receivables (85,100) (93,500) 82,500
Changes in Liabilities 279,400 112,400 269,100
Changes in Inventories (200,300) (103,300) (55,900)
Changes in Other Operating Activities (37,200) 71,400 (103,500)
Total Cash Flow from Operating Activities
1,667,900 1,570,700 1,514,400
Investing Activities, Cash Flows Provided By or Used In
Capital Expenditures (333,700) (257,100) (213,900)
Investments (909,900) (35,300) (401,700)
Other Cash flows from Investing Activities (33,000)(68,000)(330,900)
Total Cash Flows from Investing Activity
(1,276,600) (360,400) (946,500)
Financing Activities, Cash Flows Provided By or Used In
Dividends Paid (290,900) (236,700) (179,200)
Sale Purchase of Stock (535,800) (329,400) (166,200)
Net Borrowings (24,200) (90,900) (53,100)
Other Cash Flows from Financing Activities – – –
Total Cash Flows from Financing Activities
(850,900) (657,000) (398,500)
Effect of Exchange Rate Changes 25,700 6,800 24,600
Nike Shares
Direct competitor comparison
NKE ADDYY.PK Pvt1 Pvt2 Industry
Market Captured: 27.03B N/A N/A N/A 883.02M
Employees: 28,000 N/A N/A 2,800 543
Quarterly Revenue Growth: 8.70% N/A N/A N/A 8.80%
Revenue: 15.95B N/A N/A 1.54B 451.89M
Gross Margin: 43.86% N/A N/A N/A 41.04%
Operational Margins: 12.58% N/A N/A N/A 10.85%
Net Income: 1.39B N/A N/A N/A 35.93M
Earnings per Share: 2.703 N/A N/A N/A 1.52
Intraday performance summary of Nike
Direct Share holders
Holder Shares Reported
HAYES DELBERT J 552,900 16-Jun-05
HOUSER DOUGLAS G 155,374 16-Apr-07
PARKER MARK G 137,554 9-Apr-07
PEREZ WILLIAM D 109,684 28-Dec-05
DENUNZIO RALPH D 78,400 19-Jan-07
Top Institutional Share holders
| Holder | Shares | % Out | Value* | Reported |
| MASSACHUSETTS FINANCIAL SERVICES CO – OTHER | 20,794,532 | 4.13 | $2,209,626,970 | 31-Mar-07 |
| FMR CORPORATION (FIDELITY MANAGEMENT & RESEARCH CORP) | 14,446,638 | 2.87 | $1,535,099,753 | 31-Mar-07 |
| DODGE & COX INC | 12,493,200 | 2.48 | $1,327,527,432 | 31-Mar-07 |
| JENNISON ASSOCIATES LLC | 12,473,238 | 2.47 | $1,325,406,269 | 31-Mar-07 |
| Barclays Global Investors UK Holdings Ltd | 11,397,708 | 2.26 | $1,211,120,452 | 31-Mar-07 |
| STATE STREET CORPORATION | 11,255,614 | 2.23 | $1,196,021,543 | 31-Mar-07 |
| Calamos Advisors LLC | 10,395,470 | 2.06 | $1,104,622,642 | 31-Mar-07 |
| LEGG MASON INC. | 10,221,358 | 2.03 | $1,086,121,501 | 31-Mar-07 |
| VANGUARD GROUP, INC. (THE) | 10,074,700 | 2.00 | $1,070,537,622 | 31-Mar-07 |
NET SHARE PURCHASE ACTIVITY
Insider Purchases – Last 6 Months
Shares Trans
Purchases N/A 0
Sales 5,341,640 36
Net Shares Purchased
(Sold) (5,341,640) 36
Total Insider Shares Held 20.29M N/A
% Net Shares Purchased
(Sold) (20.8%) N/A
Other Share holders of Nike
| Individual/Entity | Most Recent Trans. | Shares Owned as of Trans. Date |
| BIRD LEWIS L III
Officer |
Automatic Purchase
14-Jul-06 |
9,523
14-Jul-06 |
| BLAIR DONALD W
Officer |
Option Exercise
31-May-07 |
35,280
31-May-07 |
| BUCKLEY MARY KATE
Officer |
Sale
24-Oct-06 |
10,665
24-Oct-06 |
| CHEEK CRAIG
Officer |
Automatic Sale
27-Sep-06 |
3,814
27-Sep-06 |
| CLARKE THOMAS E
Officer |
Sale
11-Jan-06 |
0
11-Jan-06 |
| COLEMAN WESLEY A
Officer |
Sale
27-Sep-06 |
14,521
27-Sep-06 |
| CONWAY JILL K
Director |
Disposition (Non Open Market)
30-Sep-05 |
18,568
30-Sep-05 |
| DENSON CHARLES D
Officer |
Automatic Sale
16-Feb-07 |
24,042
16-Feb-07 |
| DENUNZIO RALPH D
Director |
Sale
19-Jan-07 |
78,400
19-Jan-07 |
| DESTEFANO GARY
Officer |
Automatic Sale
29-Dec-06 |
37,371
29-Dec-06 |
| EDWARDS TREVOR A
Officer |
Sale
25-Jul-06 |
22,762
25-Jul-06 |
| GROSSMAN MINDY F
Officer |
Automatic Sale
31-Jan-06 |
10,007
31-Jan-06 |
| HAYES DELBERT J
Director |
Automatic Sale
16-Jun-05 |
552,900
16-Jun-05 |
| HELFANT ADAM S
Officer |
Automatic Purchase
14-Jul-06 |
20,205
14-Jul-06 |
| HIDALGO JOAQUIN
Officer |
Automatic Sale
23-Apr-07 |
3,814
23-Apr-07 |
| HILL ELLIOTT
Officer |
Option Exercise
29-Dec-06 |
6,348
29-Dec-06 |
| HOUSER DOUGLAS G
Director |
Automatic Sale
16-Apr-07 |
155,374
16-Apr-07 |
| KNIGHT PHILIP H
Director |
Disposition (Non Open Market)
12-Mar-07 |
6,835
12-Mar-07 |
| MCLAUGHLIN P EUNAN
Officer |
Disposition (Non Open Market)
18-Jul-06 |
21,188
18-Jul-06 |
| OLIVET D SCOTT
Officer |
Disposition (Non Open Market)
15-Jul-05 |
13,227
15-Jul-05 |
| PARKER MARK G
Officer |
Option Exercise
9-Apr-07 |
137,554
9-Apr-07 |
| PEREZ WILLIAM D
Officer |
Disposition (Non Open Market)
28-Dec-05 |
109,684
28-Dec-05 |
| SPRUNK ERIC D
Officer |
Option Exercise
11-Apr-07 |
19,882
11-Apr-07 |
| STEWART LINDSAY D
Officer |
Sale
4-Jan-07 |
11,916
4-Jan-07 |
| THOMPSON JOHN R JR
Director |
Option Exercise
12-Jan-07 |
4,000
12-Jan-07 |
| VAN ALEBEEK HANS
Officer |
Option Exercise
28-Dec-06 |
9,979
28-Dec-06 |
| WOLFRAM ROLAND P
Officer |
Disposition (Non Open Market)
19-Apr-07 |
12,896
19-Apr-07 |
| WYETT ROGER
Officer |
Automatic Purchase
14-Jul-06 |
9,523
14-Jul-06 |
Shares Transactions of Nike
INSIDER TRANSACTIONS REPORTED
| Date | Insider | Shares | Type | Transaction | Value* |
| 31-May-07 | BLAIR DONALD W
Officer |
30,000 | Direct | Option Exercise at $22.25 per share. | $667,500 |
| 31-May-07 | BLAIR DONALD W
Officer |
30,000 | Direct | Automatic Sale at $56.50 per share. | $1,695,000 |
| 7-May-07 | BLAIR DONALD W
Officer |
30,000 | Direct | Option Exercise at $22.25 per share. | $667,500 |
| 7-May-07 | BLAIR DONALD W
Officer |
30,000 | Direct | Automatic Sale at $54 per share. | $1,620,000 |
| 23-Apr-07 | HIDALGO JOAQUIN
Officer |
638 | Indirect | Automatic Sale at $53.51 per share. | $34,139 |
| 19-Apr-07 | WOLFRAM ROLAND P
Officer |
1,997 | Indirect | Disposition (Non Open Market) at $53.48 per share. | $106,799 |
| 19-Apr-07 | WOLFRAM ROLAND P
Officer |
3,298 | Direct | Automatic Sale at $53.37 per share. | $176,014 |
| 16-Apr-07 | HOUSER DOUGLAS G
Director |
10,000 | Direct | Automatic Sale at $53.79 per share. | $537,900 |
| 11-Apr-07 | SPRUNK ERIC D
Officer |
8,000 | Direct | Option Exercise at $27.13 per share. | $217,040 |
| 11-Apr-07 | SPRUNK ERIC D
Officer |
8,000 | Direct | Sale at $53.95 – $53.97 per share. | $432,0002 |
| 9-Apr-07 | PARKER MARK G
Officer |
52,500 | Direct | Option Exercise at $27.13 per share. | $1,424,325 |
| 9-Apr-07 | PARKER MARK G
Officer |
52,500 | Direct | Sale at $54 per share. | $2,835,000 |
| 4-Apr-07 | PARKER MARK G
Officer |
52,500 | Direct | Option Exercise at $27.13 per share. | $1,424,325 |
| 4-Apr-07 | PARKER MARK G
Officer |
52,500 | Direct | Sale at $53.50 per share. | $2,808,750 |
| 3-Apr-07 | HOUSER DOUGLAS G
Director |
30,000 | Direct | Option Exercise at $30.64 – $40.48 per share. | N/A |
| 3-Apr-07 | HOUSER DOUGLAS G
Director |
40,000 | Direct | Sale at $53.19 – $53.23 per share. | $2,128,0002 |
| 12-Mar-07 | KNIGHT PHILIP H
Director |
1,600 | Direct | Disposition (Non Open Market) at $0 per share. | N/A |
| 12-Mar-07 | KNIGHT PHILIP H
Director |
1,600 | Direct | Automatic Purchase at $0 per share. | N/A |
| 16-Feb-07 | PARKER MARK G
Officer |
1,798 | Direct | Automatic Sale at $105.51 per share. | $189,706 |
| 16-Feb-07 | DENSON CHARLES D
Officer |
701 | Direct | Automatic Sale at $105.51 per share. | $73,962 |
| 13-Feb-07 | KNIGHT PHILIP H
Director |
1,700 | Direct | Automatic Sale at $104.44 – $105.54 per share. | $178,0002 |
| 13-Feb-07 | KNIGHT PHILIP H
Director |
102,200 | Direct | Automatic Sale at $105.21 – $105.5 per share. | $10,767,0002 |
| 13-Feb-07 | KNIGHT PHILIP H
Director |
80,378 | Direct | Automatic Sale at $104.91 – $105.2 per share. | $8,444,0002 |
| 13-Feb-07 | KNIGHT PHILIP H
Director |
44,000 | Direct | Automatic Sale at $104.34 – $104.9 per share. | $4,603,0002 |
| 13-Feb-07 | KNIGHT PHILIP H
Director |
700 | Direct | Automatic Sale at $104.32 – $104.33 per share. | $73,0002 |
| 12-Feb-07 | KNIGHT PHILIP H
Director |
66,415 | Direct | Automatic Sale at $104.14 – $104.42 per share. | $6,926,0002 |
| 12-Feb-07 | KNIGHT PHILIP H
Director |
61,600 | Direct | Automatic Sale at $103.84 – $104.13 per share. | $6,405,0002 |
| 12-Feb-07 | KNIGHT PHILIP H
Director |
101,900 | Direct | Automatic Sale at $103.54 – $103.83 per share. | $10,566,0002 |
| 12-Feb-07 | KNIGHT PHILIP H
Director |
39,200 | Direct | Automatic Sale at $103.24 – $103.53 per share. | $4,053,0002 |
| 9-Feb-07 | KNIGHT PHILIP H
Director |
10,800 | Direct | Automatic Sale at $104.03 – $104.09 per share. | $1,124,0002 |
| 9-Feb-07 | KNIGHT PHILIP H
Director |
33,400 | Direct | Automatic Sale at $103.73 – $104.02 per share. | $3,469,0002 |
| 9-Feb-07 | KNIGHT PHILIP H
Director |
60,900 | Direct | Automatic Sale at $103.07 – $103.42 per share. | $6,288,0002 |
| 9-Feb-07 | KNIGHT PHILIP H
Director |
231,508 | Direct | Automatic Sale at $103.43 – $103.72 per share. | $23,978,0002 |
| 8-Feb-07 | KNIGHT PHILIP H
Director |
78,080 | Direct | Automatic Sale at $103.34 – $103.61 per share. | $8,079,0002 |
| 8-Feb-07 | KNIGHT PHILIP H
Director |
56,900 | Direct | Automatic Sale at $103.04 – $103.33 per share. | $5,871,0002 |
| 8-Feb-07 | KNIGHT PHILIP H
Director |
44,700 | Direct | Automatic Sale at $102.24 – $102.73 per share. | $4,581,0002 |
| 8-Feb-07 | KNIGHT PHILIP H
Director |
100 | Direct | Sale at $102.28 per share. | $10,228 |
| 8-Feb-07 | KNIGHT PHILIP H
Director |
75,600 | Direct | Automatic Sale at $102.74 – $103.03 per share. | $7,778,000 |
| 7-Feb-07 | KNIGHT PHILIP H
Director |
108,764 | Direct | Automatic Sale at $102.74 – $103 per share. | $11,189,000 |
| 7-Feb-07 | KNIGHT PHILIP H
Director |
72,100 | Direct | Automatic Sale at $102.44 – $102.73 per share. | $7,396,0002 |
| 7-Feb-07 | KNIGHT PHILIP H
Director |
26,926 | Direct | Automatic Sale at $102.14 – $102.43 per share. | $2,754,0002 |
| 7-Feb-07 | KNIGHT PHILIP H
Director |
18,174 | Direct | Automatic Sale at $101.82 – $102.13 per share. | $1,853,0002 |
| 7-Feb-07 | KNIGHT PHILIP H
Director |
16,200 | Direct | Automatic Sale at $101.42 – $101.81 per share. | $1,646,0002 |
| 6-Feb-07 | KNIGHT PHILIP H
Director |
38,692 | Direct | Automatic Sale at $101.12 – $101.26 per share. | $3,915,0002 |
| 6-Feb-07 | KNIGHT PHILIP H
Director |
34,200 | Direct | Automatic Sale at $100.81 – $101.11 per share. | $3,453,0002 |
| 6-Feb-07 | KNIGHT PHILIP H
Director |
14,700 | Direct | Automatic Sale at $100.45 – $100.79 per share. | $1,479,0002 |
| 6-Feb-07 | KNIGHT PHILIP H
Director |
21,700 | Direct | Automatic Sale at $100.15 – $100.44 per share. | $2,176,0002 |
| 6-Feb-07 | KNIGHT PHILIP H
Director |
14,500 | Direct | Automatic Sale at $99.42 – $99.82 per share. | $1,444,0002 |
| 6-Feb-07 | KNIGHT PHILIP H
Director |
30,400 | Direct | Automatic Sale at $99.83 – $100.14 per share. | $3,040,0002 |
| 5-Feb-07 | KNIGHT PHILIP H
Director |
4,300 | Direct | Automatic Sale at $99.94 – $100.24 per share. | $430,0002 |
| 5-Feb-07 | KNIGHT PHILIP H
Director |
28,300 | Direct | Automatic Sale at $99.50 – $99.93 per share. | $2,822,0002 |
| 5-Feb-07 | KNIGHT PHILIP H
Director |
44,511 | Direct | Automatic Sale at $99.20 – $99.49 per share. | $4,422,0002 |
| 5-Feb-07 | KNIGHT PHILIP H
Director |
35,200 | Direct | Automatic Sale at $98.90 – $99.19 per share. | $3,486,0002 |
| 5-Feb-07 | KNIGHT PHILIP H
Director |
22,700 | Direct | Automatic Sale at $98.60 – $98.89 per share. | $2,242,0002 |
| 5-Feb-07 | KNIGHT PHILIP H
Director |
16,100 | Direct | Automatic Sale at $98.45 – $98.59 per share. | $1,586,0002 |
| 2-Feb-07 | KNIGHT PHILIP H
Director |
200 | Direct | Sale at $101.32 per share. | $20,264 |
| 2-Feb-07 | KNIGHT PHILIP H
Director |
2,200 | Direct | Automatic Sale at $101.20 – $101.38 per share. | $223,0002 |
| 2-Feb-07 | KNIGHT PHILIP H
Director |
9,100 | Direct | Automatic Sale at $100.75 – $101.19 per share. | $919,0002 |
| 2-Feb-07 | KNIGHT PHILIP H
Director |
23,700 | Direct | Automatic Sale at $100.44 – $100.74 per share. | $2,384,0002 |
| 2-Feb-07 | KNIGHT PHILIP H
Director |
44,191 | Direct | Automatic Sale at $99.84 – $100.13 per share. | $4,418,0002 |
| 2-Feb-07 | KNIGHT PHILIP H
Director |
51,500 | Direct | Automatic Sale at $100.14 – $100.43 per share. | $5,165,0002 |
| 1-Feb-07 | KNIGHT PHILIP H
Director |
200 | Direct | Automatic Sale at $100.98 per share. | $20,196 |
| 1-Feb-07 | KNIGHT PHILIP H
Director |
40,400 | Direct | Automatic Sale at $100.67 – $100.96 per share. | $4,073,0002 |
| 1-Feb-07 | KNIGHT PHILIP H
Director |
83,100 | Direct | Automatic Sale at $100.07 – $100.36 per share. | $8,328,0002 |
| 1-Feb-07 | KNIGHT PHILIP H
Director |
96,500 | Direct | Automatic Sale at $100.37 – $100.66 per share. | $9,700,0002 |
| 1-Feb-07 | KNIGHT PHILIP H
Director |
45,200 | Direct | Automatic Sale at $99.77 – $100.06 per share. | $4,516,0002 |
| 1-Feb-07 | KNIGHT PHILIP H
Director |
21,100 | Direct | Automatic Sale at $99.43 – $99.76 per share. | $2,101,0002 |
Recent Products of Nike
| Nike Air Classic BW SI£95.00 |
Nike Air Max PM £80.00 |
Nike Shox NZ Premium £110.00 |
|
Nike Swoosh Long Sleeve T-Shirt £20.00 |
Nike Shox AM £95.00 |
Nike Shox Q-Vida High £115.00 |
|
Nike Woven Warm Up Suit £65.00 |
Nike Full Zip Jacket £40.00 |
Nike Enchantment £36.00 |
Recent Products of Nike
|
Nike Tennis Classic £50.00 |
Nike Studio Woven Pants £40.00 |
Nike Prep Low Profile £65.00 |
|
Nike Prep Low Profile £60.00 |
Nike Zip Top £38.00 |
Nike Dart £39.00 |
|
Nike Shox Rivalary £80.00 |
Nike Roubaix £60.00 |
Nike Studio Cover Up Top £40.00 |
Recent Products of Nike
|
Nike Court Tradition £55.00 |
Nike Air Max Tailwind £105.00 |
Nike Shox Q’vida From £55.00 |
|
Nike Dart £39.00 |
Nike Air Max 360 From £87.50 |
Nike Zip Top From £20.50 |
|
Nike Sprint Sister II From £44.00 |
Nike Sprint Sister V From £36.00 |
Nike T-Shirt From £16.00 |
Recent Products of Nike
|
Nike Court Tradition £55.00 |
Nike Woven Dance Pants From £27.00 |
Nike Sprint Sister From £33.00 |
|
Nike Steady £39.00 |
Nike Rival Shox From £45.00 |
Nike Street Pants From £15.00 |
|
Nike Knit Pants £28.00 |
Nike Sports Bra From £19.00 |
V-fit AG1 Air Glider From £59.99 |
Conclusion:
As I could outline that Nike is the Global Leader Sports Shoe making. Not only that but also they make textiles and apparels. They have a strong hold in US market as well as the global market.
References:
- www.nikeinfo.com
- www.yahoo.com
- www.google .com