.Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
Nike Inc., adjusted current assets
USD $ in millions
| May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | May 31, 2013 | May 31, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Current assets | ||||||
| Adjustments | |||||||
| | Add: Allowance for uncollectible accounts receivable | ||||||
| | Less: Deferred income taxes1 | ||||||
| After Adjustment | |||||||
| | Adjusted current assets | ||||||
Source: Based on data from Nike Inc. Annual Reports
1 Deferred income taxes. See Details »
Adjustments to Total Assets
Nike Inc., adjusted total assets
USD $ in millions
| May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | May 31, 2013 | May 31, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Total assets | ||||||
| Adjustments | |||||||
| | Add: Operating leased assets1 | ||||||
| | Add: Allowance for uncollectible accounts receivable | ||||||
| | Less: Deferred income taxes2 | ||||||
| After Adjustment | |||||||
| | Adjusted total assets | ||||||
Source: Based on data from Nike Inc. Annual Reports
1 Operating leased assets. See Details »
2 Deferred income taxes. See Details »
Adjustments to Total Liabilities
Nike Inc., adjusted total liabilities
USD $ in millions
| May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | May 31, 2013 | May 31, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Total liabilities | ||||||
| Adjustments | |||||||
| | Add: Operating lease obligations1 | ||||||
| After Adjustment | |||||||
| | Adjusted total liabilities | ||||||
Source: Based on data from Nike Inc. Annual Reports
1 Operating lease obligations. See Details »
Adjustments to Stockholders' Equity
Nike Inc., adjusted shareholders' equity
USD $ in millions
| May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | May 31, 2013 | May 31, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Shareholders' equity | ||||||
| Adjustments | |||||||
| | Less: Net deferred tax asset (liability)1 | ||||||
| | Add: Allowance for uncollectible accounts receivable | ||||||
| After Adjustment | |||||||
| | Adjusted shareholders' equity | ||||||
Source: Based on data from Nike Inc. Annual Reports
1 Net deferred tax asset (liability). See Details »
Adjustments to Capitalization Table
Nike Inc., adjusted capitalization table
USD $ in millions
| May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | May 31, 2013 | May 31, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Current portion of long-term debt | ||||||
| | Notes payable | ||||||
| | Long-term debt, excluding current portion | ||||||
| | Total reported debt | ||||||
| | Shareholders' equity | ||||||
| | Total reported capital | ||||||
| Adjustments to Debt | |||||||
| | Add: Operating lease obligations1 | ||||||
| | Adjusted total debt | ||||||
| Adjustments to Equity | |||||||
| | Less: Net deferred tax asset (liability)2 | ||||||
| | Add: Allowance for uncollectible accounts receivable | ||||||
| | Adjusted shareholders' equity | ||||||
| After Adjustment | |||||||
| | Adjusted total capital | ||||||
Source: Based on data from Nike Inc. Annual Reports
1 Operating lease obligations. See Details »
2 Net deferred tax asset (liability). See Details »
Adjustments to Reported Income
Nike Inc., adjusted comprehensive income
USD $ in millions
| 12 months ended | May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | May 31, 2013 | May 31, 2012 | |
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Net income | ||||||
| Adjustments | |||||||
| | Add: Deferred income tax expense (benefit)1 | ||||||
| | Add: Increase (decrease) in allowance for uncollectible accounts receivable | ||||||
| | Less: Net income from discontinued operations | ||||||
| | Add: Other comprehensive income (loss), net of tax | ||||||
| After Adjustment | |||||||
| | Adjusted comprehensive income | ||||||
Source: Based on data from Nike Inc. Annual Reports
1 Deferred income tax expense (benefit). See Details »
