Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Nike Inc., consolidated cash flow statement

US$ in millions

12 months ended:	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Net income	5,700)	5,070)	6,046)	5,727)	2,539)	4,029)
Depreciation	796)	703)	717)	744)	721)	705)
Deferred income taxes	(497)	(117)	(650)	(385)	(380)	34)
Stock-based compensation	804)	755)	638)	611)	429)	325)
Amortization, impairment and other	48)	156)	123)	53)	398)	15)
Net foreign currency adjustments	(138)	(213)	(26)	(138)	23)	233)
(Increase) decrease in accounts receivable	(329)	489)	(504)	(1,606)	1,239)	(270)
(Increase) decrease in inventories	908)	(133)	(1,676)	507)	(1,854)	(490)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets	(260)	(644)	(845)	(182)	(654)	(203)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities	397)	(225)	1,365)	1,326)	24)	1,525)
Changes in certain working capital components and other assets and liabilities	716)	(513)	(1,660)	45)	(1,245)	562)
Adjustments to reconcile net income to net cash provided by operations	1,729)	771)	(858)	930)	(54)	1,874)
Cash provided by operations	7,429)	5,841)	5,188)	6,657)	2,485)	5,903)
Purchases of short-term investments	(4,767)	(6,059)	(12,913)	(9,961)	(2,426)	(2,937)
Maturities of short-term investments	2,269)	3,356)	8,199)	4,236)	74)	1,715)
Sales of short-term investments	4,219)	4,184)	3,967)	2,449)	2,379)	2,072)
Additions to property, plant and equipment	(812)	(969)	(758)	(695)	(1,086)	(1,119)
Other investing activities	(15)	52)	(19)	171)	31)	5)
Cash (used) provided by investing activities	894)	564)	(1,524)	(3,800)	(1,028)	(264)
Proceeds from borrowings, net of debt issuance costs	—)	—)	—)	—)	6,134)	—)
Increase (decrease) in notes payable, net	—)	(4)	15)	(52)	49)	(325)
Repayment of borrowings	—)	(500)	—)	(197)	(6)	(6)
Proceeds from exercise of stock options and other stock issuances	667)	651)	1,151)	1,172)	885)	700)
Repurchase of common stock	(4,250)	(5,480)	(4,014)	(608)	(3,067)	(4,286)
Dividends, common and preferred	(2,169)	(2,012)	(1,837)	(1,638)	(1,452)	(1,332)
Other financing activities	(136)	(102)	(151)	(136)	(52)	(44)
Cash provided (used) by financing activities	(5,888)	(7,447)	(4,836)	(1,459)	2,491)	(5,293)
Effect of exchange rate changes on cash and equivalents	(16)	(91)	(143)	143)	(66)	(129)
Net increase (decrease) in cash and equivalents	2,419)	(1,133)	(1,315)	1,541)	3,882)	217)
Cash and equivalents, beginning of year	7,441)	8,574)	9,889)	8,348)	4,466)	4,249)
Cash and equivalents, end of year	9,860)	7,441)	8,574)	9,889)	8,348)	4,466)

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).

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Cash flow statement item	Description	The company
Cash provided by operations	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Nike Inc. cash provided by operations increased from 2022 to 2023 and from 2023 to 2024.
Cash (used) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Nike Inc. cash (used) provided by investing activities increased from 2022 to 2023 and from 2023 to 2024.
Cash provided (used) by financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Nike Inc. cash provided (used) by financing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.

Nike Inc. (NYSE:NKE)

Cash Flow Statement