Nike quarterly report. Nike LLC: accounting statements and financial analysis Profit and loss report

Name of the organization Limited Liability Company "NAIK" INN 7448014344 Code of the type of economic activity according to the OKVED classifier 70.20.2 - Code according to OKPO 42475546 Form of ownership (according to OKFS) 16 - Private property Organizational and legal form (according to OKOPF) 12300 - Limited liability companies Report type 1 - Small business Unit of measurement 384 - Thousand rubles Reporting composition

To make reporting easier to read, zero lines are hidden

Balance sheet

Income statement

The information was generated from the open data set “Accounting (financial) statements of enterprises and organizations for 2015” of the Federal State Statistics Service (Rosstat)

Full name: LLC "NIKE"

Taxpayer Identification Number: 7448014344

Type of activity (according to OKVED): 68.32.2 - Management of the operation of non-residential assets for a fee or on a contract basis

Form of ownership: 16 - Private property

Organizational and legal form: 12300 - Limited liability companies

Reporting prepared in thousand rubles

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Accounting statements for 2012-2017.

1. Balance sheet

Brief balance sheet analysis

Chart of changes in non-current assets, total assets and capital and reserves by year

1 without taking into account the debt of the founders for contributions to the authorized capital

2. Profit and loss statement

Brief analysis of financial results

Graph of changes in revenue and net profit by year

4. Cash flow statement

6. Report on the intended use of funds

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* Indicators that are adjusted in comparison with Rosstat data are marked with an asterisk. The adjustment is necessary to eliminate obvious formal inconsistencies in reporting indicators (discrepancy between the sum of lines and the total value, typos) and is carried out according to an algorithm specially developed by us.

Reference: The financial statements are presented according to Rosstat data disclosed in accordance with the legislation of the Russian Federation. The accuracy of the data provided depends on the accuracy of the data submission to Rosstat and the processing of this data by the statistical agency. When using this reporting, we strongly recommend that you check the figures with the data of a paper (electronic) copy of the reporting posted on the official website of the organization or obtained from the organization itself. Financial analysis of the presented data is not part of Rosstat information and was performed using specialized

And tomorrow we will continue to figure out why NIKE is better than its competitors.

From the income statement

• Revenue increased 5% to $8.4 billion, versus expectations of $8.22 billion, almost 14% on a constant basis.
• NIKE brand sales amounted to $7.9 billion, almost 15% growth in constant currency, driven by growth in every geography and nearly every key category.
• Converse sales amounted to $555 million, up to 3% in constant currencies, with strong growth in the US offsetting a decline in the UK.
• Gross (gross margin = income minus, as a percentage of total sales income) increased to 47.5% . The growth was primarily driven by higher average prices and continued growth in higher margins in the Direct to Consumer segment, partially offset by higher production and warehousing costs.
• SG&A expenses increased 4% to $2.6 billion. Demand creation expenses decreased 7% to $832 million, reflecting favorable changes from strong investment in support of the World Cup in the first quarter of fiscal 2015.
• Other amounted to $31 million, mainly including income from exchange rate differences.
• Effective amounted 18.4% , compared with 21.7% in the same period a year earlier, primarily due to the proportion of non-U.S. revenue that is generally subject to less tax, as well as some one-time payments in the past quarter.
• grew by 23% before $1.18 billion, earnings per diluted share increased by 23% before $1.34 , against expected $1.19 , reflecting strong revenue growth, gross margin growth, smart use of sales and administrative resources, lower tax rates and lower shares outstanding.

From the company's balance sheet

• Inventory amounted to $4.4 billion, growth by 10% compared to August 31, 2014, was the result of an 8% increase in inventories for the NIKE brand in the wholesale segment. Thus increasing the cost of the product per unit. Inventories in the “Delivered to the buyer” segment also increased. These negative factors were largely offset by changes in exchange rates.
• Cash amounted to $5.4 billion, per $829 million higher than a year earlier, as a result of high profits and collateral received from counterparties (from hedging transactions), more than offsetting increased dividends.

In the first quarter, NIKE repurchased 5.5 million shares for $588 million as part of a four-year, $8.0 billion buyback program adopted in 2012. By the end of the first quarter, a total of 86.4 million shares had been repurchased for approximately $6.5 billion, at an average price of $75.70.

Future orders

Future orders for the NIKE sports footwear and apparel brand from September 2015 to January 2016 were 9% higher than orders for the same period in the previous year, and 17% higher in constant currency.

“Fiscal 2016 is off to a great start,” said Mark Parker, NIKE President and CEO. "Our unrelenting pace of growth is driven by our proven strategy of putting the customer first, our obsession with innovation in everything we do and our wealth of experience. We are well positioned to continue long-term growth that is sustainable and profitable."

Immediately after the report, the company instantly grew by 6% in post-market trading on Thursday. In the morning after the opening, they held the level of 123.00 and after that they increased by almost 3 points. The idea itself is incredibly beautiful, based on continued growth towards the gap after maintaining the level, on the strength of the crowd. The level of 125.80 turned out to be insurmountable for the stock, although it did not undergo a correction. No doubt in Monday's game.

Nike reported after the close on Tuesday that despite revenue growth of 18 percent, profit rose only 3 percent as higher product costs pulled down gross margins. Both revenue and profit beat analysts' forecasts.

In the second quarter, Nike's net income rose 3% to $469 million from $457 million in the same period last year. Earnings per share rose 6% to $1 from $0.94 last year, reflecting the company's repurchase of its own shares. Analysts covered by Thomson Reuters had expected the company to earn $0.97 per share.

Nike's revenue for the quarter rose 18% to $5.731 billion, up from $4.842 billion last year. Analysts predicted revenue growth to $5.63 billion.

Excluding exchange rate fluctuations, the company's revenue grew by 16% compared to last year. NIKE brand revenue grew 18% in all regions excluding Japan and in all key product categories except Action Sports.

Revenue from other company-owned businesses increased 5% with minimal exposure to currency fluctuations. Converse's revenue growth was higher than revenue declines for NIKE Golf, Cole Haan, Hurley and Umbro.

Gross profit for the quarter decreased to 42.7% from 45.3 last year, this is primarily due to increased production costs. The increase in expenses outweighed any positive impact generated by increased sales, rising prices and ongoing cost-cutting initiatives.

In North America, Nike's largest market, excluding currency fluctuations, revenue increased 21%. Based on this, revenue grew by 2% in Western Europe, by 19% in Central and Eastern Europe, by 28% in China, and by 26% in emerging markets. In Japan alone, revenue decreased by 7%.

Cash and short-term financing investments were $3.4 billion, down $1.4 billion from last year, as higher working capital investments reduced free cash flow from operations. Other factors that reduce capital include: share repurchases, dividend payments, and long-term debt payments.

In the second quarter, Nike purchased 7.6 million shares worth $672 million as part of its four-year, $5 billion share repurchase program approved in 2008. At the end of the quarter, a total of 45.6 million shares had been repurchased under this program, valued at approximately $3.6 billion.

At the end of the second quarter, international orders for future Nike products totaled $8.9 billion, up 13% from the end of the same quarter last year. The orders are planned to be implemented between December 2011 and April 2012.

Nike shares closed at $93.61 on Tuesday, up 21 cents from the previous day. After the publication of the report, the company's shares soared in price by 3% and reached a price point of $96.9. Over the course of the year, Nike's NYSE-listed shares have traded between $69.43 and $98.25.