Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019	Feb 28, 2019	Nov 30, 2018	Aug 31, 2018
Cash and equivalents	8,601)	7,979)	8,485)	9,860)	8,960)	7,919)	6,178)	7,441)	6,955)	6,490)	7,226)	8,574)	8,704)	10,751)	10,720)	9,889)	8,516)	8,635)	8,148)	8,348)	2,863)	3,070)	3,446)	4,466)	3,695)	3,423)	3,282)
Short-term investments	1,792)	1,782)	1,809)	1,722)	1,613)	2,008)	2,612)	3,234)	3,847)	4,131)	4,650)	4,423)	4,763)	4,352)	2,975)	3,587)	4,012)	3,177)	1,332)	439)	319)	432)	198)	197)	351)	618)	987)
Accounts receivable, net	4,491)	5,302)	4,764)	4,427)	4,526)	4,782)	4,749)	4,131)	4,513)	5,437)	4,960)	4,667)	3,827)	3,746)	4,341)	4,463)	3,669)	3,713)	3,813)	2,749)	4,473)	4,792)	4,656)	4,272)	4,549)	4,346)	4,330)
Inventories	7,539)	7,981)	8,253)	7,519)	7,726)	7,979)	8,698)	8,454)	8,905)	9,326)	9,662)	8,420)	7,700)	6,506)	6,699)	6,854)	6,693)	6,090)	6,705)	7,367)	5,807)	6,199)	5,835)	5,622)	5,415)	5,388)	5,227)
Prepaid expenses and other current assets	2,186)	1,936)	1,729)	1,854)	1,928)	1,943)	2,013)	1,942)	1,815)	2,063)	2,379)	2,129)	1,968)	1,822)	1,655)	1,498)	1,810)	1,992)	1,939)	1,653)	2,282)	1,876)	2,093)	1,968)	1,786)	1,791)	1,675)
Current assets	24,609)	24,980)	25,040)	25,382)	24,753)	24,631)	24,250)	25,202)	26,035)	27,447)	28,877)	28,213)	26,962)	27,177)	26,390)	26,291)	24,700)	23,607)	21,937)	20,556)	15,744)	16,369)	16,228)	16,525)	15,796)	15,566)	15,501)
Property, plant and equipment, net	4,717)	4,857)	4,948)	5,000)	5,082)	5,153)	5,109)	5,081)	4,939)	4,854)	4,778)	4,791)	4,806)	4,812)	4,869)	4,904)	4,958)	4,959)	4,969)	4,866)	4,783)	4,668)	4,615)	4,744)	4,688)	4,588)	4,487)
Operating lease right-of-use assets, net	2,614)	2,736)	2,792)	2,718)	2,856)	2,943)	2,939)	2,923)	2,834)	2,809)	2,880)	2,926)	3,959)	3,017)	3,078)	3,113)	3,149)	3,086)	3,158)	3,097)	2,907)	2,882)	2,832)	—)	—)	—)	—)
Identifiable intangible assets, net	259)	259)	259)	259)	259)	269)	272)	274)	277)	280)	283)	286)	291)	265)	267)	269)	271)	270)	272)	274)	275)	277)	279)	283)	283)	284)	284)
Goodwill	239)	240)	240)	240)	240)	281)	281)	281)	281)	281)	282)	284)	284)	242)	242)	242)	242)	223)	223)	223)	223)	224)	224)	154)	154)	154)	154)
Deferred income taxes and other assets	5,355)	4,887)	4,588)	4,511)	4,166)	3,926)	3,935)	3,770)	3,928)	3,976)	3,988)	3,821)	3,275)	3,404)	3,071)	2,921)	2,865)	2,691)	2,699)	2,326)	2,288)	2,182)	2,071)	2,011)	2,000)	2,085)	2,057)
Non-current assets	13,184)	12,979)	12,827)	12,728)	12,603)	12,572)	12,536)	12,329)	12,259)	12,200)	12,211)	12,108)	12,615)	11,740)	11,527)	11,449)	11,485)	11,229)	11,321)	10,786)	10,476)	10,233)	10,021)	7,192)	7,125)	7,111)	6,982)
Total assets	37,793)	37,959)	37,867)	38,110)	37,356)	37,203)	36,786)	37,531)	38,294)	39,647)	41,088)	40,321)	39,577)	38,917)	37,917)	37,740)	36,185)	34,836)	33,258)	31,342)	26,220)	26,602)	26,249)	23,717)	22,921)	22,677)	22,483)

The financial data exhibits several noteworthy trends across the analyzed periods. Cash and cash equivalents demonstrate considerable volatility, with a sharp increase observed around May 2020, reaching a peak in November 2021, followed by a general decline through the most recent periods. This may suggest fluctuations in liquidity management or cash flow variations influenced by external factors.

Short-term investments display a general upward trend from late 2019 through 2021, peaking in November 2020, after which there is a steady decline through 2024. This pattern may indicate a shift in investment strategy or adjustments in liquid asset allocation.

Accounts receivable show moderate fluctuations, with an initial decline through mid-2020, followed by gradual recovery and growth up to late 2022, then experiencing variability but generally stabilizing thereafter. This could reflect variations in sales cycles or credit policies.

Inventories reveal a consistent upward trend from August 2018 to early 2023, reaching their highest levels in 2022, followed by a moderate decrease in the most recent periods. This suggests accumulation of stock possibly in anticipation of demand, with recent adjustments indicating inventory optimization efforts.

Prepaid expenses and other current assets experience oscillations without a clear long-term trend. Peaks in early 2022 and troughs in mid-2021 and late 2023 indicate variable prepayments or deferrals affecting current asset composition.

Current assets increase significantly in mid-2020, driven primarily by rises in cash, short-term investments, and receivables, peaking in 2021-2022, before a gradual reduction through 2024. This reflects shifts in working capital management, possibly in response to operational changes or external disruptions.

Property, plant and equipment (PP&E) maintain relative stability, with slight growth until mid-2020, followed by a slow decline through 2024. This may represent limited new investments coupled with depreciation outpacing capital expenditures.

Operating lease right-of-use assets appear starting mid-2019, peaking in mid-2022, then declining gradually. This trend may indicate evolving lease commitments or modifications in lease accounting and portfolio management.

Identifiable intangible assets show a minor downward trend overall, indicative of amortization exceeding additions. Goodwill remains relatively stable with small variations, reflecting acquisition activity or impairment assessments.

Deferred income taxes and other assets steadily increase throughout the period, nearly doubling from 2018 to 2025, signifying growth in deferred tax assets or other long-term asset components.

Non-current assets experience a strong increase from 2018 to 2025, notably influenced by deferred income taxes and steady PP&E levels, suggesting ongoing investment in long-lived assets and tax-related assets.

Total assets follow the overall growth pattern of non-current and current assets, rising markedly from 22.5 billion USD in 2018 to peak near 38 billion USD in 2022, then stabilizing slightly lower through 2024. This indicates expansion of the company's asset base, likely supporting business growth and operational scale enhancements.

Assets: Selected Items

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Current Assets: Selected Items

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Nike Inc. (NYSE:NKE)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data