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NKE » Topics » CONSOLIDATED STATEMENTS OF INCOME

This excerpt taken from the NKE 10-K filed Jul 28, 2008.

CONSOLIDATED STATEMENTS OF INCOME

 

     Year Ended May 31,  
   2008     2007    2006  
   (In millions, except per share data)  

Revenues

    $ 18,627.0     $ 16,325.9    $ 14,954.9  

Cost of sales

      10,239.6       9,165.4      8,367.9  
                       

Gross margin

      8,387.4       7,160.5      6,587.0  

Selling and administrative expense

      5,953.7       5,028.7      4,477.8  

Interest income, net (Notes 1, 6 and 7)

      77.1       67.2      36.8  

Other (expense) income, net (Notes 15 and 16)

      (7.9 )     0.9      (4.4 )
                       

Income before income taxes

      2,502.9       2,199.9      2,141.6  

Income taxes (Note 8)

      619.5       708.4      749.6  
                       

Net income

    $ 1,883.4     $ 1,491.5    $ 1,392.0  
                       

Basic earnings per common share (Notes 1 and 11)

    $ 3.80     $ 2.96    $ 2.69  
                       

Diluted earnings per common share (Notes 1 and 11)

    $ 3.74     $ 2.93    $ 2.64  
                       

Dividends declared per common share

    $ 0.875     $ 0.71    $ 0.59  
                       

The accompanying notes to consolidated financial statements are an integral part of this statement.

 

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NIKE, INC.

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

CONSOLIDATED STATEMENTS OF INCOME

 

     Year Ended May 31,
   2007     2006     2005
   (In millions, except per share data)

Revenues

    $ 16,325.9     $ 14,954.9     $ 13,739.7

Cost of sales

      9,165.4       8,367.9       7,624.3
                      

Gross margin

      7,160.5       6,587.0       6,115.4

Selling and administrative expense

      5,028.7       4,477.8       4,221.7

Interest (income) expense, net (Notes 1, 6 and 7)

      (67.2 )     (36.8 )     4.8

Other (income) expense, net (Notes 5 and 16)

      (0.9 )     4.4       29.1
                      

Income before income taxes

      2,199.9       2,141.6       1,859.8

Income taxes (Note 8)

      708.4       749.6       648.2
                      

Net income

    $ 1,491.5     $ 1,392.0     $ 1,211.6
                      

Basic earnings per common share (Notes 1 and 11)

    $ 2.96     $ 2.69     $ 2.31
                      

Diluted earnings per common share (Notes 1 and 11)

    $ 2.93     $ 2.64     $ 2.24
                      

Dividends declared per common share

    $ 0.71     $ 0.59     $ 0.475
                      

The accompanying notes to consolidated financial statements are an integral part of this statement.

 

50

Table of Contents

NIKE, INC.

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

CONSOLIDATED STATEMENTS OF INCOME

 

     Year Ended May 31,
     2006     2005    2004
     (In millions, except per share data)

Revenues

    $ 14,954.9     $ 13,739.7    $ 12,253.1

Cost of sales

      8,367.9       7,624.3      7,001.4
                     

Gross margin

      6,587.0       6,115.4      5,251.7

Selling and administrative expense

      4,477.8       4,221.7      3,702.0

Interest (income) expense, net (Notes 1, 6 and 7)

      (36.8 )     4.8      25.0

Other expense, net (Notes 5 and 16)

      4.4       29.1      74.7
                     

Income before income taxes

      2,141.6       1,859.8      1,450.0

Income taxes (Note 8)

      749.6       648.2      504.4
                     

Net income

    $ 1,392.0     $ 1,211.6    $ 945.6
                     

Basic earnings per common share (Notes 1 and 11)

    $ 5.37     $ 4.61    $ 3.59
                     

Diluted earnings per common share (Notes 1 and 11)

    $ 5.28     $ 4.48    $ 3.51
                     

Dividends declared per common share

    $ 1.18     $ 0.95    $ 0.74
                     

The accompanying notes to consolidated financial statements are an integral part of this statement.

 

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NIKE, INC.

EXCERPTS ON THIS PAGE:

10-K
Jul 28, 2008
10-K
Jul 27, 2007
10-K
Jul 28, 2006

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