Stock Analysis on Net
Stock Analysis on Net
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Nike Inc. (NYSE:NKE)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Nike Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015
Cash and equivalents 8,348  4,466  4,249  3,808  3,138  3,852 
Short-term investments 439  197  996  2,371  2,319  2,072 
Accounts receivable, net 2,749  4,272  3,498  3,677  3,241  3,358 
Inventories 7,367  5,622  5,261  5,055  4,838  4,337 
Deferred income taxes —  —  —  —  —  389 
Prepaid expenses and other current assets 1,653  1,968  1,130  1,150  1,489  1,968 
Current assets 20,556  16,525  15,134  16,061  15,025  15,976 
Property, plant and equipment, net 4,866  4,744  4,454  3,989  3,520  3,011 
Operating lease right-of-use assets, net 3,097  —  —  —  —  — 
Identifiable intangible assets, net 274  283  285  283  281  281 
Goodwill 223  154  154  139  131  131 
Deferred income taxes and other assets 2,326  2,011  2,509  2,787  2,439  2,201 
Non-current assets 10,786  7,192  7,402  7,198  6,371  5,624 
Total assets 31,342  23,717  22,536  23,259  21,396  21,600 

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Nike Inc.’s current assets increased from 2018 to 2019 and from 2019 to 2020.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Nike Inc.’s property, plant and equipment, net increased from 2018 to 2019 and from 2019 to 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Nike Inc.’s non-current assets decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Nike Inc.’s total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Nike Inc.’s cash and equivalents increased from 2018 to 2019 and from 2019 to 2020.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Nike Inc.’s short-term investments decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Nike Inc.’s accounts receivable, net increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Nike Inc.’s inventories increased from 2018 to 2019 and from 2019 to 2020.