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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Nike Inc., Consolidated Income Statement
USD $ in millions
|12 months ended||May 31, 2018||May 31, 2017||May 31, 2016||May 31, 2015||May 31, 2014||May 31, 2013|
|Cost of sales|
|Demand creation expense|
|Operating overhead expense|
|Selling and administrative expense|
|Interest income (expense), net|
|Other income (expense), net|
|Income before income taxes|
|Income tax expense|
|Net income from continuing operations|
|Net income from discontinued operations|
Based on: 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), 10-K (filing date: 2014-07-25), 10-K (filing date: 2013-07-23).
|Revenues||Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.||Nike Inc.'s revenues increased from 2016 to 2017 and from 2017 to 2018.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Nike Inc.'s operating income increased from 2016 to 2017 but then declined significantly from 2017 to 2018.|
|Income before income taxes||Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.||Nike Inc.'s income before income taxes increased from 2016 to 2017 but then declined significantly from 2017 to 2018.|
|Net income||The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.||Nike Inc.'s net income increased from 2016 to 2017 but then declined significantly from 2017 to 2018.|