Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Balance Sheet: Assets 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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
May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017
Cash and equivalents 8,574  9,889  8,348  4,466  4,249  3,808 
Short-term investments 4,423  3,587  439  197  996  2,371 
Accounts receivable, net 4,667  4,463  2,749  4,272  3,498  3,677 
Inventories 8,420  6,854  7,367  5,622  5,261  5,055 
Prepaid expenses and other current assets 2,129  1,498  1,653  1,968  1,130  1,150 
Current assets 28,213  26,291  20,556  16,525  15,134  16,061 
Property, plant and equipment, net 4,791  4,904  4,866  4,744  4,454  3,989 
Operating lease right-of-use assets, net 2,926  3,113  3,097  —  —  — 
Identifiable intangible assets, net 286  269  274  283  285  283 
Goodwill 284  242  223  154  154  139 
Deferred income taxes and other assets 3,821  2,921  2,326  2,011  2,509  2,787 
Non-current assets 12,108  11,449  10,786  7,192  7,402  7,198 
Total assets 40,321  37,740  31,342  23,717  22,536  23,259 

Based on: 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31).


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. current assets increased from 2020 to 2021 and from 2021 to 2022.
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. property, plant and equipment, net increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
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. non-current assets increased from 2020 to 2021 and from 2021 to 2022.
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. total assets increased from 2020 to 2021 and from 2021 to 2022.

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. cash and equivalents increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
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. short-term investments increased from 2020 to 2021 and from 2021 to 2022.
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. accounts receivable, net increased from 2020 to 2021 and from 2021 to 2022.
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. inventories decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.