Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Nike Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Current portion of long-term debt	—)	500)	—)	3)	6)	6)
Notes payable	6)	10)	2)	248)	9)	336)
Accounts payable	2,862)	3,358)	2,836)	2,248)	2,612)	2,279)
Current portion of operating lease liabilities	425)	420)	467)	445)	—)	—)
Compensation and benefits, excluding taxes	1,737)	1,297)	1,472)	1,248)	1,232)	897)
Sales-related reserves	994)	1,015)	1,077)	1,178)	1,218)	20)
Endorsement compensation	552)	496)	—)	—)	—)	—)
Dividends payable	529)	485)	—)	—)	—)	—)
Allowance for expected loss on sale	—)	397)	358)	405)	—)	—)
Other	1,911)	2,530)	3,156)	2,353)	2,560)	2,352)
Accrued liabilities	5,723)	6,220)	6,063)	5,184)	5,010)	3,269)
Income taxes payable	240)	222)	306)	156)	229)	150)
Current liabilities	9,256)	10,730)	9,674)	8,284)	7,866)	6,040)
Long-term debt, excluding current portion	8,927)	8,920)	9,413)	9,406)	3,464)	3,468)
Operating lease liabilities, excluding current portion	2,786)	2,777)	2,931)	2,913)	—)	—)
Deferred income taxes and other liabilities	2,558)	2,613)	2,955)	2,684)	3,347)	3,216)
Non-current liabilities	14,271)	14,310)	15,299)	15,003)	6,811)	6,684)
Total liabilities	23,527)	25,040)	24,973)	23,287)	14,677)	12,724)
Redeemable preferred stock	—)	—)	—)	—)	—)	—)
Common stock at stated value	3)	3)	3)	3)	3)	3)
Capital in excess of stated value	12,412)	11,484)	9,965)	8,299)	7,163)	6,384)
Accumulated other comprehensive income (loss)	231)	318)	(380)	(56)	231)	(92)
Retained earnings (deficit)	1,358)	3,476)	3,179)	(191)	1,643)	3,517)
Shareholders’ equity	14,004)	15,281)	12,767)	8,055)	9,040)	9,812)
Total liabilities and shareholders’ equity	37,531)	40,321)	37,740)	31,342)	23,717)	22,536)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Nike Inc. current liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Nike Inc. non-current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Nike Inc. total liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Nike Inc. shareholders’ equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

Nike Inc. (NYSE:NKE)

Balance Sheet: Liabilities and Stockholders’ Equity