NKE » Topics » Results of Operations

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

Results of Operations

 

     Fiscal 2008     Fiscal 2007     FY08 vs.
FY07
% Change
    Fiscal 2006     FY07 vs.
FY06
% Change
 
   (In millions, except per share data)(1)  

Revenues

   $ 18,627.0     $ 16,325.9     14 %   $ 14,954.9     9 %

Cost of sales

     10,239.6       9,165.4     12 %     8,367.9     10 %

Gross margin

     8,387.4       7,160.5     17 %     6,587.0     9 %

Gross margin %

     45.0 %     43.9 %       44.0 %  

Selling and administrative expense

     5,953.7       5,028.7     18 %     4,477.8     12 %

% of Revenues

     32.0 %     30.8 %       29.9 %  

Income before income taxes

     2,502.9       2,199.9     14 %     2,141.6     3 %

Net income

     1,883.4       1,491.5     26 %     1,392.0     7 %

Diluted earnings per share

     3.74       2.93     28 %     2.64     11 %

 

(1)

 

All per share information has been restated to reflect the two-for-one stock split affected in the form of a 100% common stock dividend distributed on April 2, 2007.

 

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Table of Contents

Results of Operations

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 

































































































































































































































   Fiscal 2008  Fiscal 2007  FY08 vs.
FY07
SIZE="1">% Change
  Fiscal 2006  FY07 vs.
FY06
SIZE="1">% Change
 
  (In millions, except per share data)(1) 

Revenues

  $18,627.0  $16,325.9  14% $14,954.9  9%

Cost of sales

   10,239.6   9,165.4  12%  8,367.9  10%

Gross margin

   8,387.4   7,160.5  17%  6,587.0  9%

Gross margin %

   45.0%  43.9%   44.0% 

Selling and administrative expense

   5,953.7   5,028.7  18%  4,477.8  12%

% of Revenues

   32.0%  30.8%   29.9% 

Income before income taxes

   2,502.9   2,199.9  14%  2,141.6  3%

Net income

   1,883.4   1,491.5  26%  1,392.0  7%

Diluted earnings per share

   3.74   2.93  28%  2.64  11%

 






(1)

 

All per share information has been restated to reflect the two-for-one stock split affected in the form of a 100% common
stock dividend distributed on April 2, 2007.

 


22







Table of Contents


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

Results of Operations

 

     Fiscal 2006     Fiscal 2005    

FY06 vs.

FY05

% Change

    Fiscal 2004    

FY05 vs.

FY04

% Change

 
     (In millions, except per share data)  

Revenues

   $ 14,954.9     $ 13,739.7     9 %   $ 12,253.1     12 %

Cost of sales

     8,367.9       7,624.3     10 %     7,001.4     9 %

Gross margin

     6,587.0       6,115.4     8 %     5,251.7     16 %

Gross margin %

     44.0 %     44.5 %       42.9 %  

Selling and administrative expense

     4,477.8       4,221.7     6 %     3,702.0     14 %

% of Revenues

     29.9 %     30.7 %       30.2 %  

Income before income taxes

     2,141.6       1,859.8     15 %     1,450.0     28 %

Net income

     1,392.0       1,211.6     15 %     945.6     28 %

Diluted earnings per share

     5.28       4.48     18 %     3.51     28 %
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