Stock Analysis on Net
Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Common-Size Income Statement

Nike Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018
Revenues 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -56.48 -54.02 -55.18 -56.58 -55.33 -56.16
Gross profit 43.52% 45.98% 44.82% 43.42% 44.67% 43.84%
Demand creation expense -7.93 -8.24 -6.99 -9.60 -9.59 -9.83
Operating overhead expense -24.05 -23.45 -22.25 -25.49 -22.88 -21.80
Selling and administrative expense -31.98% -31.69% -29.24% -35.09% -32.47% -31.63%
Operating income 11.55% 14.29% 15.58% 8.33% 12.20% 12.21%
Interest income 0.58 0.20 0.08 0.17 0.21 0.19
Interest expense -0.57 -0.64 -0.66 -0.40 -0.33 -0.34
Interest income (expense), net 0.01% -0.44% -0.59% -0.24% -0.13% -0.15%
Other income (expense), net 0.55 0.39 -0.03 -0.37 0.20 -0.18
Income before income taxes 12.11% 14.24% 14.96% 7.72% 12.27% 11.88%
Income tax expense -2.21 -1.30 -2.10 -0.93 -1.97 -6.57
Net income 9.90% 12.94% 12.86% 6.79% 10.30% 5.31%

Based on: 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Nike Inc. operating income as a percentage of revenues decreased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Nike Inc. income before income taxes as a percentage of revenues decreased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Nike Inc. net income as a percentage of revenues increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.