NIKE Inc
For the period ended Aug 31, 2024. Filed Oct 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 31, 2024 · Filed Oct 7, 2024
NKE$38.67-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
| THREE MONTHS ENDED AUGUST 31, | ||
|---|---|---|
| (Dollars in millions) | 2024 | 2023 |
| Cash provided (used) by operations: | ||
| Net income | $1,051 | $1,450 |
| Adjustments to reconcile net income to net cash provided (used) by operations: | ||
| Depreciation | 188 | 191 |
| Deferred income taxes | (53) | (68) |
| Stock-based compensation | 183 | 196 |
| Amortization, impairment and other | (4) | (5) |
| Net foreign currency adjustments | (7) | (7) |
| Changes in certain working capital components and other assets and liabilities: | ||
| (Increase) decrease in accounts receivable | (312) | (621) |
| (Increase) decrease in inventories | (679) | (263) |
| (Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets | (265) | (225) |
| Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities | 292 | (714) |
| Cash provided (used) by operations | 394 | (66) |
| Cash provided (used) by investing activities: | ||
| Purchases of short-term investments | (968) | (1,144) |
| Maturities of short-term investments | 144 | 778 |
| Sales of short-term investments | 778 | 1,038 |
| Additions to property, plant and equipment | (120) | (253) |
| Other investing activities | — | (1) |
| Cash provided (used) by investing activities | (166) | 418 |
| Cash provided (used) by financing activities: | ||
| Increase (decrease) in notes payable, net | 6 | — |
| Proceeds from exercise of stock options and other stock issuances | 131 | 99 |
| Repurchase of common stock | (1,184) | (1,133) |
| Dividends — common and preferred | (558) | (524) |
| Other financing activities | (17) | (41) |
| Cash provided (used) by financing activities | (1,622) | (1,599) |
| Effect of exchange rate changes on cash and equivalents | 19 | (16) |
| Net increase (decrease) in cash and equivalents | (1,375) | (1,263) |
| Cash and equivalents, beginning of period | 9,860 | 7,441 |
| CASH AND EQUIVALENTS, END OF PERIOD | $8,485 | $6,178 |
| Supplemental disclosure of cash flow information: | ||
| Non-cash additions to property, plant and equipment | $48 | $148 |
| Dividends declared and not paid | 554 | 519 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.