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Nike Inc. (NKE)

Adjustments to Financial Statements

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Nike Inc., adjusted current assets

USD $ in millions

		May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
	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 »

Nike Inc., adjusted total assets

USD $ in millions

		May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
	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 »

Nike Inc., adjusted total liabilities

USD $ in millions

		May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
	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 »

Nike Inc., adjusted shareholders' equity

USD $ in millions

		May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
	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 »

Nike Inc., adjusted capitalization table

USD $ in millions

		May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
	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 »

Nike Inc., adjusted comprehensive income

USD $ in millions

	12 months ended	May 31, 2018	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
	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 »

	Nike Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality