Stock Analysis on Net
Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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

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May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
Current portion of long-term debt 0.00 0.01 0.03 0.03 0.03 0.21
Notes payable 0.01 0.79 0.04 1.49 1.40 0.00
Accounts payable 7.51 7.17 11.01 10.11 8.81 10.24
Current portion of operating lease liabilities 1.24 1.42 0.00 0.00 0.00 0.00
Compensation and benefits, excluding taxes 3.90 3.98 5.19 3.98 3.74 4.41
Sales-related reserves 2.85 3.76 5.14 0.09 0.00 0.00
Allowance for expected loss on sale 0.95 1.29 0.00 0.00 0.00 0.00
Other 8.36 7.51 10.79 10.44 9.20 9.79
Accrued liabilities 16.07% 16.54% 21.12% 14.51% 12.95% 14.19%
Income taxes payable 0.81 0.50 0.97 0.67 0.36 0.40
Current liabilities 25.63% 26.43% 33.17% 26.80% 23.53% 25.04%
Long-term debt, excluding current portion 24.94 30.01 14.61 15.39 14.92 9.39
Operating lease liabilities, excluding current portion 7.77 9.29 0.00 0.00 0.00 0.00
Deferred income taxes and other liabilities 7.83 8.56 14.11 14.27 8.20 8.27
Non-current liabilities 40.54% 47.87% 28.72% 29.66% 23.12% 17.67%
Total liabilities 66.17% 74.30% 61.88% 56.46% 46.66% 42.71%
Redeemable preferred stock 0.00 0.00 0.00 0.00 0.00 0.00
Common stock at stated value 0.01 0.01 0.01 0.01 0.01 0.01
Capital in excess of stated value 26.40 26.48 30.20 28.33 37.14 36.39
Accumulated other comprehensive income (loss) -1.01 -0.18 0.97 -0.41 -0.92 1.49
Retained earnings (deficit) 8.42 -0.61 6.93 15.61 17.11 19.40
Shareholders’ equity 33.83% 25.70% 38.12% 43.54% 53.34% 57.29%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2021-07-20), 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).

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.’s current liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2019 to 2020 and from 2020 to 2021.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Nike Inc.’s non-current liabilities as a percentage of total liabilities and shareholders’ equity increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
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.’s total liabilities as a percentage of total liabilities and shareholders’ equity increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
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’s 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.’s shareholders’ equity as a percentage of total liabilities and shareholders’ equity decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.