Nike Financial Statement Analysis Essay

1598 Words 7 Pages
Nike Financial Statement Analysis

INTRODUCTION

In this research, I will analyse the financial statement of this company and some others part of this firm which help us to better understand how it works. I will explain what is its strengths and weaknesses and also who is its direct concurrences.

In addition, I will describe the firm and its management. I will explain where this company come from and how this brand became so famous across the world in a short period of time.

Firstly, Nike is an American company specialized in sportswear such as shoes or clothes, but also in all sports equipments. Bill Bowerman and
Phil Knight were the founders of the company. Bill was an athletic coach in a famous university
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Now, almost every best sport players wear Nike like : Tiger Woods, Roger Federer, Thierry Henry and so forth.

Performance over five years

FINANCIAL STATEMENT

Balance Sheet 2003-2007
In Millions of U.S. Dollars
(except for per share items) 2007
05/31/07 2006
05/31/06
Reclassified
05/31/07 2005
05/31/05
Reclassified
05/31/06 2004
05/31/04
Restated
05/31/05 2003
05/31/03
Restated
05/31/04

Cash & Equivalents 1,857 954 1,388 828 634
Short Term Investments 990 1,349 437 401 0
Cash and Short Term Investments 2,847 2,303 1,825 1,229 634
Trade Accounts Receivable, Gross 2,566 2,451 2,343 2,216 2,166
Provision for Doubtful Accounts (71) (68) (80) (95) (82)
Total Receivables, Net 2,495 2,383 2,262 2,120 2,084
Inventory - Finished Goods 2,122 2,077 1,811 1,626 1,484
Inventory - Work In Progress -- -- -- 11 15
Inventory - Raw Materials -- -- -- 13 16
Total Inventory 2,122 2,077 1,811 1,650 1,515
Prepaid Expenses 393 380 343 364 333
Other Curr. Assets, Total 220 203 110 165 222
Total Current Assets 8,077 7,346 6,351 5,529 4,787
Buildings 841 843 824 814 785
Land/Improvements 194 196 185 180 191
Machinery/Equipment 1,817 1,662 1,528 1,609 1,539
Construction in Progress 94 81 73 60 41
Leases 673 627 568 521 433
Property/Plant/Equipment - Gross 3,619 3,408 3,179 3,183 2,989
Accumulated Depreciation (1,941) (1,751) (1,573) (1,572) (1,368)

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