Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Nike Inc. (NYSE:NKE)

Common-Size Income Statement

Beginner level

Nike Inc., common-size consolidated income statement

Microsoft Excel LibreOffice Calc
12 months ended: May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015
Revenues 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -56.58 -55.33 -56.16 -55.42 -53.76 -54.03
Gross profit 43.42% 44.67% 43.84% 44.58% 46.24% 45.97%
Demand creation expense -9.60 -9.59 -9.83 -9.73 -10.12 -10.50
Operating overhead expense -25.49 -22.88 -21.80 -21.02 -22.21 -21.83
Selling and administrative expense -35.09% -32.47% -31.63% -30.75% -32.34% -32.33%
Operating income 8.33% 12.20% 12.21% 13.83% 13.91% 13.64%
Interest income 0.17 0.21 0.19 0.08 0.04 0.02
Interest expense -0.40 -0.33 -0.34 -0.25 -0.10 -0.11
Interest income (expense), net -0.24% -0.13% -0.15% -0.17% -0.06% -0.09%
Other income (expense), net -0.37 0.20 -0.18 0.57 0.43 0.19
Income before income taxes 7.72% 12.27% 11.88% 14.22% 14.28% 13.74%
Income tax expense -0.93 -1.97 -6.57 -1.88 -2.67 -3.05
Net income 6.79% 10.30% 5.31% 12.34% 11.61% 10.70%

Based on: 10-K (filing date: 2020-07-24), 10-K (filing date: 2019-07-23), 10-K (filing date: 2018-07-25), 10-K (filing date: 2017-07-20), 10-K (filing date: 2016-07-21), 10-K (filing date: 2015-07-23).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Nike Inc.’s operating income as a percentage of revenues decreased from 2018 to 2019 and from 2019 to 2020.
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.’s income before income taxes as a percentage of revenues increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Nike Inc.’s net income as a percentage of revenues increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.