Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Nike Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Cash and equivalents 9,860 7,441 8,574 9,889 8,348 4,466
Short-term investments 1,722 3,234 4,423 3,587 439 197
Accounts receivable, net 4,427 4,131 4,667 4,463 2,749 4,272
Inventories 7,519 8,454 8,420 6,854 7,367 5,622
Prepaid expenses and other current assets 1,854 1,942 2,129 1,498 1,653 1,968
Current assets 25,382 25,202 28,213 26,291 20,556 16,525
Property, plant and equipment, net 5,000 5,081 4,791 4,904 4,866 4,744
Operating lease right-of-use assets, net 2,718 2,923 2,926 3,113 3,097
Identifiable intangible assets, net 259 274 286 269 274 283
Goodwill 240 281 284 242 223 154
Deferred income taxes and other assets 4,511 3,770 3,821 2,921 2,326 2,011
Non-current assets 12,728 12,329 12,108 11,449 10,786 7,192
Total assets 38,110 37,531 40,321 37,740 31,342 23,717

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Nike Inc. current assets decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Nike Inc. property, plant and equipment, net increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Nike Inc. non-current assets increased from 2022 to 2023 and from 2023 to 2024.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Nike Inc. total assets decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Nike Inc. cash and equivalents decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Nike Inc. short-term investments decreased from 2022 to 2023 and from 2023 to 2024.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Nike Inc. accounts receivable, net decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Nike Inc. inventories increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.