Stock Analysis on Net
Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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 (quarterly data)

US$ in millions

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May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Current portion of long-term debt 10  44  44  44  106  107  108  110 
Notes payable 248  300  250  16  13  336  11  1,229  335  325  23  20  22  —  99  23  74  61  93  146 
Accounts payable 2,248  2,221  2,627  2,716  2,612  2,307  2,574  2,333  2,279  1,961  2,141  2,116  2,048  1,938  2,033  2,088  2,191  1,714  1,915  1,933  2,131  1,821  2,074  1,970 
Current portion of operating lease liabilities 445  422  431  427  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accrued liabilities 5,184  5,356  4,672  4,455  5,010  4,738  4,478  4,174  3,269  3,727  3,278  3,501  3,011  3,228  3,076  3,147  3,037  3,224  3,451  3,139  3,951  3,563  2,622  2,441 
Income taxes payable 156  268  228  216  229  214  211  182  150  78  92  97  84  76  52  62  85  35  41  75  71  33  38  250 
Current liabilities 8,284  8,280  8,264  8,070  7,866  7,281  7,278  6,708  6,040  5,783  6,750  6,056  5,474  5,271  5,225  5,363  5,358  4,980  5,511  5,276  6,334  5,586  4,937  4,813 
Long-term debt, excluding current portion 9,406  3,463  3,462  3,463  3,464  3,465  3,466  3,467  3,468  3,469  3,472  3,472  3,471  3,472  3,473  1,993  2,010  2,048  2,067  1,079  1,079  1,082  1,084  1,195 
Operating lease liabilities, excluding current portion 2,913  2,758  2,723  2,675  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Deferred income taxes and other liabilities 2,684  2,674  2,802  2,841  3,347  3,214  3,204  3,316  3,216  3,518  2,075  2,126  1,907  1,687  1,631  1,635  1,770  1,659  1,600  1,517  1,480  1,505  1,446  1,408 
Non-current liabilities 15,003  8,895  8,987  8,979  6,811  6,679  6,670  6,783  6,684  6,987  5,547  5,598  5,378  5,159  5,104  3,628  3,780  3,707  3,667  2,596  2,559  2,587  2,530  2,603 
Total liabilities 23,287  17,175  17,251  17,049  14,677  13,960  13,948  13,491  12,724  12,770  12,297  11,654  10,852  10,430  10,329  8,991  9,138  8,687  9,178  7,872  8,893  8,173  7,467  7,416 
Redeemable preferred stock —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Common stock at stated value
Capital in excess of stated value 8,299  7,971  7,719  7,296  7,163  6,910  6,707  6,525  6,384  9,325  9,041  8,817  8,638  8,395  8,196  7,999  7,786  7,539  7,408  7,029  6,773  6,517  6,375  6,070 
Accumulated other comprehensive income (loss) (56) (57) 52  180  231  197  209  (30) (92) (624) (587) (586) (213) 229  399  85  318  645  1,107  833  1,246  1,111  525  224 
Retained earnings (deficit) (191) 1,128  1,577  1,721  1,643  1,851  1,810  2,494  3,517  1,078  3,301  3,759  3,979  4,095  3,725  4,078  4,151  4,113  4,887  5,029  4,685  4,737  4,797  4,808 
Shareholders’ equity 8,055  9,045  9,351  9,200  9,040  8,961  8,729  8,992  9,812  9,782  11,758  11,993  12,407  12,722  12,323  12,165  12,258  12,300  13,405  12,894  12,707  12,368  11,700  11,105 
Total liabilities and shareholders’ equity 31,342  26,220  26,602  26,249  23,717  22,921  22,677  22,483  22,536  22,552  24,055  23,647  23,259  23,152  22,652  21,156  21,396  20,987  22,583  20,766  21,600  20,541  19,167  18,521 

Based on: 10-K (filing date: 2020-07-24), 10-Q (filing date: 2020-04-07), 10-Q (filing date: 2020-01-07), 10-Q (filing date: 2019-10-04), 10-K (filing date: 2019-07-23), 10-Q (filing date: 2019-04-04), 10-Q (filing date: 2019-01-08), 10-Q (filing date: 2018-10-05), 10-K (filing date: 2018-07-25), 10-Q (filing date: 2018-04-05), 10-Q (filing date: 2018-01-05), 10-Q (filing date: 2017-10-06), 10-K (filing date: 2017-07-20), 10-Q (filing date: 2017-04-04), 10-Q (filing date: 2017-01-05), 10-Q (filing date: 2016-10-11), 10-K (filing date: 2016-07-21), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-06), 10-Q (filing date: 2015-10-06), 10-K (filing date: 2015-07-23), 10-Q (filing date: 2015-04-07), 10-Q (filing date: 2015-01-07), 10-Q (filing date: 2014-10-07).

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.’s current liabilities increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Nike Inc.’s non-current liabilities decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
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.’s total liabilities decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
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’s 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.’s shareholders’ equity decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.