Stock Analysis on Net
Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Common-Size Income Statement
Quarterly Data

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Nike Inc., common-size consolidated income statement (quarterly data)

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3 months ended: May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -62.73 -55.73 -55.99 -54.31 -54.51 -54.85 -56.21 -55.80 -55.28 -56.17 -57.00 -56.32 -55.94 -55.53 -55.79 -54.50 -54.08 -54.07 -54.45 -52.52 -53.81 -54.08 -54.92 -53.38
Gross profit 37.27% 44.27% 44.01% 45.69% 45.49% 45.15% 43.79% 44.20% 44.72% 43.83% 43.00% 43.68% 44.06% 44.47% 44.21% 45.50% 45.92% 45.93% 45.55% 47.48% 46.19% 45.92% 45.08% 46.62%
Demand creation expense -13.04 -8.61 -8.53 -9.55 -9.96 -9.00 -9.71 -9.69 -10.04 -9.59 -10.25 -9.43 -9.09 -8.88 -9.32 -11.49 -10.59 -10.01 -10.01 -9.89 -10.53 -9.80 -10.38 -11.24
Operating overhead expense -37.51 -23.88 -23.66 -21.67 -23.49 -23.16 -23.81 -21.10 -21.83 -21.20 -22.11 -22.06 -21.62 -20.72 -21.31 -20.48 -22.96 -21.94 -23.30 -20.74 -22.83 -22.09 -22.66 -19.83
Selling and administrative expense -50.55% -32.49% -32.19% -31.22% -33.44% -32.16% -33.52% -30.79% -31.87% -30.80% -32.36% -31.49% -30.71% -29.60% -30.62% -31.97% -33.55% -31.95% -33.31% -30.63% -33.36% -31.89% -33.04% -31.07%
Operating income -13.27% 11.78% 11.81% 14.47% 12.05% 12.99% 10.27% 13.41% 12.85% 13.03% 10.64% 12.19% 13.35% 14.87% 13.58% 13.53% 12.37% 13.98% 12.24% 16.85% 12.83% 14.03% 12.05% 15.55%
Interest income (expense), net -0.79 -0.12 -0.12 -0.14 -0.12 -0.12 -0.15 -0.11 -0.12 -0.14 -0.15 -0.18 -0.21 -0.23 -0.18 -0.08 -0.06 -0.06 -0.07 -0.05 -0.05 -0.08 -0.12 -0.11
Other income (expense), net 1.33 -2.94 0.40 0.31 0.27 0.57 0.51 -0.53 -0.32 0.01 -0.21 -0.20 0.32 1.04 0.22 0.68 0.70 0.21 0.44 0.37 0.75 0.07 -0.03 -0.04
Income before income taxes -12.74% 8.72% 12.10% 14.64% 12.21% 13.43% 10.64% 12.77% 12.41% 12.90% 10.28% 11.82% 13.46% 15.69% 13.62% 14.14% 13.02% 14.13% 12.62% 17.17% 13.52% 14.02% 11.90% 15.40%
Income tax expense 0.22 -0.34 -1.30 -1.82 -2.49 -1.98 -1.60 -1.79 -0.80 -23.15 -1.31 -1.35 -1.84 -2.16 -3.33 -0.35 -2.75 -2.30 -2.41 -3.16 -2.40 -3.42 -3.02 -3.35
Net income (loss) -12.51% 8.38% 10.80% 12.82% 9.71% 11.46% 9.04% 10.98% 11.62% -10.25% 8.97% 10.47% 11.62% 13.53% 10.29% 13.78% 10.26% 11.83% 10.21% 14.01% 11.12% 10.60% 8.88% 12.05%

Based on: 10-K (filing date: 2020-07-24), 10-Q (filing date: 2020-04-07), 10-Q (filing date: 2020-01-07), 10-Q (filing date: 2019-10-04), 10-K (filing date: 2019-07-23), 10-Q (filing date: 2019-04-04), 10-Q (filing date: 2019-01-08), 10-Q (filing date: 2018-10-05), 10-K (filing date: 2018-07-25), 10-Q (filing date: 2018-04-05), 10-Q (filing date: 2018-01-05), 10-Q (filing date: 2017-10-06), 10-K (filing date: 2017-07-20), 10-Q (filing date: 2017-04-04), 10-Q (filing date: 2017-01-05), 10-Q (filing date: 2016-10-11), 10-K (filing date: 2016-07-21), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-06), 10-Q (filing date: 2015-10-06), 10-K (filing date: 2015-07-23), 10-Q (filing date: 2015-04-07), 10-Q (filing date: 2015-01-07), 10-Q (filing date: 2014-10-07).

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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Nike Inc.’s net income (loss) as a percentage of revenues decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.