Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Nike Inc., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018
Net income 5,070 6,046 5,727 2,539 4,029 1,933
Change in net foreign currency translation adjustment 267 (522) 496 (148) (173) (6)
Change in net gains (losses) on cash flow hedges (348) 1,214 (825) (130) 503 76
Change in net gains (losses) on other (6) 6 5 (9) (7) 34
Other comprehensive income (loss), net of tax (87) 698 (324) (287) 323 104
Comprehensive income 4,983 6,744 5,403 2,252 4,352 2,037

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).

Comprehensive income item Description The company
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 increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Comprehensive income Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners. Nike Inc. comprehensive income increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.