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    Reformulated Fin Statement Nike Case

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    Ishan Shah
    Nike Inc. reported comprehensive income of $1.93 billion in 2008, up from $1.93 billion in 2007. Net income from operations was $1.80 billion in 2008. Other income sources included $48.3 million from divestiture gains and $49 million from net interest income. As of May 31, 2008, Nike had total assets of $9.76 billion, including $5.81 billion in net operating assets and $1.99 billion in net financial assets. Total liabilities were $3.95 billion, resulting in cumulative shareholders' equity of $7.80 billion.

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    Reformulated Fin Statement Nike Case

    Uploaded by

    Ishan Shah
    456 views4 pages
    Nike Inc. reported comprehensive income of $1.93 billion in 2008, up from $1.93 billion in 2007. Net income from operations was $1.80 billion in 2008. Other income sources included $48.3 million from divestiture gains and $49 million from net interest income. As of May 31, 2008, Nike had total assets of $9.76 billion, including $5.81 billion in net operating assets and $1.99 billion in net financial assets. Total liabilities were $3.95 billion, resulting in cumulative shareholders' equity of $7.80 billion.

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    Nike Case; Penman, FSA and valuation Reformulated Balance Sheet and income statement

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    Nike Inc. reported comprehensive income of $1.93 billion in 2008, up from $1.93 billion in 2007. Net income from operations was $1.80 billion in 2008. Other income sources included $48.3 million from divestiture gains and $49 million from net interest income. As of May 31, 2008, Nike had total assets of $9.76 billion, including $5.81 billion in net operating assets and $1.99 billion in net financial assets. Total liabilities were $3.95 billion, resulting in cumulative shareholders' equity of $7.80 billion.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    456 views4 pages

    Reformulated Fin Statement Nike Case

    Uploaded by

    Ishan Shah
    Nike Inc. reported comprehensive income of $1.93 billion in 2008, up from $1.93 billion in 2007. Net income from operations was $1.80 billion in 2008. Other income sources included $48.3 million from divestiture gains and $49 million from net interest income. As of May 31, 2008, Nike had total assets of $9.76 billion, including $5.81 billion in net operating assets and $1.99 billion in net financial assets. Total liabilities were $3.95 billion, resulting in cumulative shareholders' equity of $7.80 billion.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    Nike Inc.

    Reformulated Income Statement


    (in millions of dollars)
    2008 2007
    Op. Rev 18627
    Cost of Sales 10239.6
    Gross Margin 8387.4
    SGA -5953.7
    Other Expense -68.5
    Op. Income from sales (before tax) 2365.2
    Tax on Operating income from sales 569.3772
    Tax as reported 619.5
    Tax on fianancial income 28.0644
    Tax on other operating income 22.0584

    Op. Income from sales (after tax) 1795.823


    Other operating income (Before tax items) 38.5416
    Gains on divestiture 60.6
    Tax on the gains 22.0584
    Other operating income (After tax items) 48.3
    Currency translation 165.6
    Hedging -91.6
    Accounting adjustments -25.7
    Fianancial income 49.0356
    Net interest income 77.1
    Tax on the gains 28.0644
    Comprehensive income 1931.7
    2006
    NIKE, INC.
    CONSOLIDATED BALANCE SHEETS
    May 31
    2008
    (in millions)

    Operating Assets
    Working Cash 93.135
    Accounts receivable,net 2,795.30
    Inventories (Note 2) 2,438.40
    Deferred income taxes and other assets (Note 8) 747.6
    Prepaid expenses and other current assets 602.30
    Property, Plant and equipment , net(Note 3) 1,891.10
    Identifiable intangible assets, net (Note 4) 743.10
    Goodwill (Note 4) 448.80
    Total Operating Assets 9759.735

    Operating Liabilities
    Accounts Payable (Note 6) 1221.7
    Accrued Liabilities (Note 5 and 16) 1,790.00
    Income Taxes Payable 88.00
    Deffered income taxes and other liabilities (Note 8) 854.50
    Total Operating Liabilities 3954.2

    Net Operating Assets 5805.535

    Financial Assets
    Cash equivalents 2040.765
    Short-term investments 642.20
    2682.965

    Financial Liabilities
    Current portion of long term debt (Note 7) 6.30
    Notes Payable (Note 6) 177.70
    Accounts Payable (Note 6) 65.90
    Long term debt (Note 7) 441.10
    Reedemable Preferred Stock (Note 9) 0.30
    691.30

    Net Financial Assets 1,991.67

    CSE 7797.2

    NOA+NFA 7,797.20
    May 31
    2007
    (in millions)

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