Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Nike Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017
Current portion of long-term debt 500 3 6 6 6
Notes payable 10 2 248 9 336 325
Accounts payable 3,358 2,836 2,248 2,612 2,279 2,048
Current portion of operating lease liabilities 420 467 445
Compensation and benefits, excluding taxes 1,297 1,472 1,248 1,232 897 871
Sales-related reserves 1,015 1,077 1,178 1,218 20
Allowance for expected loss on sale 397 358 405
Other 3,511 3,156 2,353 2,560 2,352 2,140
Accrued liabilities 6,220 6,063 5,184 5,010 3,269 3,011
Income taxes payable 222 306 156 229 150 84
Current liabilities 10,730 9,674 8,284 7,866 6,040 5,474
Long-term debt, excluding current portion 8,920 9,413 9,406 3,464 3,468 3,471
Operating lease liabilities, excluding current portion 2,777 2,931 2,913
Deferred income taxes and other liabilities 2,613 2,955 2,684 3,347 3,216 1,907
Non-current liabilities 14,310 15,299 15,003 6,811 6,684 5,378
Total liabilities 25,040 24,973 23,287 14,677 12,724 10,852
Redeemable preferred stock
Common stock at stated value 3 3 3 3 3 3
Capital in excess of stated value 11,484 9,965 8,299 7,163 6,384 8,638
Accumulated other comprehensive income (loss) 318 (380) (56) 231 (92) (213)
Retained earnings (deficit) 3,476 3,179 (191) 1,643 3,517 3,979
Shareholders’ equity 15,281 12,767 8,055 9,040 9,812 12,407
Total liabilities and shareholders’ equity 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Nike Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Nike Inc. non-current liabilities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Nike Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Nike Inc. shareholders’ equity increased from 2020 to 2021 and from 2021 to 2022.