Send us Feedback

Nike (NKE)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

NKE » Topics » Note 5 - Accrued Liabilities

This excerpt taken from the NKE 10-K filed Jul 27, 2009.

Note 5 — Accrued Liabilities

Accrued liabilities include the following:

 

     May 31,
   2009    2008
   (In millions)

Compensation and benefits, excluding taxes

    $ 491.9    $ 538.0

Endorser compensation

      237.1      203.5

Taxes other than income taxes

      161.9      147.6

Restructuring charges(1)

     149.6      —

Dividends payable

      121.4      112.9

Advertising and marketing

      97.6      121.4

Fair value of derivatives

      68.9      173.3

Import and logistics costs

      59.4      78.8

Other(2)

      396.1      386.4
             
   $ 1,783.9    $ 1,761.9
             

 

(1)  

Accrued restructuring charges primarily consist of severance costs relating to the Company’s restructuring activities that took place during the fourth quarter of fiscal 2009. See Note 16 — Restructuring Charges for more information.

 

(2)  

Other consists of various accrued expenses and no individual item accounted for more than 5% of the balance at May 31, 2009 or 2008.

This excerpt taken from the NKE 10-Q filed Apr 9, 2009.

NOTE 4 - Accrued Liabilities:

Accrued liabilities include the following:

 

     February 28, 2009    May 31, 2008
     (in millions)

Compensation and benefits, excluding taxes

    $ 410.2    $ 538.0

Endorser compensation

      182.8      203.5

Taxes other than income taxes

      152.2      147.6

Dividends payable

      121.1      112.9

Advertising and marketing

      102.4      121.4

Import and logistics costs

      75.8      78.8

Fair value of derivatives

      28.9      173.3

Other1

      357.3      386.4
             

Total accrued liabilities

    $ 1,430.7    $ 1,761.9
             

 

1

Other consists of various accrued expenses and no individual item accounted for more than 5% of the balance at February 28, 2009 and May 31, 2008.

These excerpts taken from the NKE 10-K filed Jul 28, 2008.

Note 5 — Accrued Liabilities

Accrued liabilities include the following:

 

     May 31,
   2008    2007
   (In millions)

Compensation and benefits, excluding taxes

    $ 538.0    $ 451.6

Endorser compensation

      203.5      139.9

Fair value of derivatives

      173.3      90.5

Taxes other than income taxes

      147.6      133.4

Advertising and marketing

      121.4      70.6

Dividends payable

      112.9      92.9

Import and logistics costs

      78.8      81.4

Other(1)

      386.4      243.1
             
   $ 1,761.9    $ 1,303.4
             

 

(1)

  

Other consists of various accrued expenses and no individual item accounted for more than $65 million of the balance at May 31, 2008 or 2007.

Note 5 — Accrued Liabilities

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Accrued liabilities include the following:

 
















































































































   May 31,
  2008  2007
  (In millions)

Compensation and benefits, excluding taxes

  $538.0  $451.6

Endorser compensation

   203.5   139.9

Fair value of derivatives

   173.3   90.5

Taxes other than income taxes

   147.6   133.4

Advertising and marketing

   121.4   70.6

Dividends payable

   112.9   92.9

Import and logistics costs

   78.8   81.4

Other(1)

   386.4   243.1
        
  $1,761.9  $1,303.4
        

 






(1)

 

Other consists of various accrued expenses and no individual item accounted for more than $65 million of the balance at
May 31, 2008 or 2007.

This excerpt taken from the NKE 10-K filed Jul 27, 2007.

Note 5 — Accrued Liabilities

Accrued liabilities include the following:

 

     May 31,
   2007    2006
   (In millions)

Compensation and benefits, excluding taxes

    $ 451.6    $ 427.2

Endorser compensation

      139.9      124.7

Taxes other than income taxes

      133.4      115.1

Dividends payable

      92.9      79.5

Fair value of derivatives

      90.5      111.2

Import and logistics costs

      81.4      63.3

Advertising and marketing

      70.6      75.4

Converse arbitration(1)

      —      51.9

Other(2)

      243.1      227.7
             
   $ 1,303.4    $ 1,276.0
             

(1)

  

The Converse arbitration relates to a charge taken during the fourth quarter ended May 31, 2006 as a result of a contract dispute between Converse and a former South American licensee. The dispute was settled during the first quarter ended August 31, 2006.

 

(2)

  

Other consists of various accrued expenses and no individual item accounted for more than $50 million of the balance at May 31, 2007 or 2006.

This excerpt taken from the NKE 10-K filed Jul 28, 2006.

Note 5 — Accrued Liabilities

Accrued liabilities include the following:

 

     May 31,
     2006    2005
     (In millions)

Compensation and benefits, excluding taxes

    $ 427.2    $ 397.2

Endorser compensation

      124.7      101.9

Taxes other than income taxes

      115.1      96.8

Fair value of derivatives

      111.2      61.8

Dividends payable

      79.5      65.3

Advertising and marketing

      75.4      76.6

Converse arbitration(1)

      51.9      —

Other(2)

      301.9      253.6
             
   $ 1,286.9    $ 1,053.2
             
(1)   The Converse arbitration relates to a charge taken during the fourth quarter ended May 31, 2006 as a result of a contract dispute between NIKE, Inc.’s Converse subsidiary and a former South American licensee. The arbitrator awarded the former South American licensee $52.5 million in damages, plus legal fees, less amounts previously paid, which resulted in the recording of the $51.9 million charge in other expense, net during the year ended May 31, 2006.

 

(2)   Other consists of various accrued expenses and no individual item accounted for more than $50 million of the balance at May 31, 2006 or 2005.

EXCERPTS ON THIS PAGE:

10-K
Jul 27, 2009
10-Q
Apr 9, 2009
10-K (2 sections)
Jul 28, 2008
10-K
Jul 27, 2007
10-K
Jul 28, 2006

RELATED TOPICS for NKE:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki