Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Cash Flow Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
Net income 1,051 1,500 1,172 1,578 1,450 1,031 1,240 1,331 1,468 1,439 1,396 1,337 1,874 1,509 1,449 1,251 1,518 (790) 847 1,115 1,367 989 1,101 847 1,092
Depreciation 188 207 207 191 191 187 174 173 169 179 180 181 177 201 182 185 176 208 170 174 169 178 178 171 178
Deferred income taxes (53) (216) (137) (76) (68) 99 (66) (107) (43) (416) (12) (77) (145) (94) (114) 43 (220) (8) (238) (92) (42) (33) 56 (7) 18
Stock-based compensation 183 186 216 206 196 199 192 194 170 171 161 170 136 144 142 189 136 126 113 110 80 99 93 92 41
Amortization, impairment and other (4) (3) 63 (7) (5) 49 (30) 146 (9) 117 3 12 (9) 20 (70) 62 41 15 364 13 6 6 (1) 7 3
Net foreign currency adjustments (7) (57) (38) (36) (7) (16) (72) (141) 16 (29) (45) 5 43 (8) (32) (53) (45) 72 (55) (43) 49 15 8 44 166
(Increase) decrease in accounts receivable (312) 100 220 (28) (621) 380 987 (463) (415) (970) (77) 507 36 (769) 84 69 (990) 1,714 93 (112) (456) 190 (136) (30) (294)
(Increase) decrease in inventories (679) 210 205 756 (263) 394 421 415 (1,363) (804) (1,140) 167 101 (167) (647) 632 689 (1,399) 153 (338) (270) (264) 37 (238) (25)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets (265) 82 52 (169) (225) (371) (34) (111) (128) (206) (195) (202) (242) 224 (243) 175 (338) (160) (427) (105) 38 (36) (43) (41) (83)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities 292 610 99 402 (714) 301 (582) (436) 492 1,670 (102) 657 (860) 952 539 (80) (85) 221 160 190 (547) 866 (225) 679 205
Changes in certain working capital components and other assets and liabilities (964) 1,002 576 961 (1,823) 704 792 (595) (1,414) (310) (1,514) 1,129 (965) 240 (267) 796 (724) 376 (21) (365) (1,235) 756 (367) 370 (197)
Adjustments to reconcile net income to net cash provided (used) by operations (657) 1,119 887 1,239 (1,516) 1,222 990 (330) (1,111) (288) (1,227) 1,420 (763) 503 (159) 1,222 (636) 789 333 (203) (973) 1,021 (33) 677 209
Cash provided (used) by operations 394 2,619 2,059 2,817 (66) 2,253 2,230 1,001 357 1,151 169 2,757 1,111 2,012 1,290 2,473 882 (1) 1,180 912 394 2,010 1,068 1,524 1,301
Purchases of short-term investments (968) (1,430) (1,131) (1,062) (1,144) (1,215) (1,344) (1,031) (2,469) (3,684) (2,530) (4,149) (2,550) (2,520) (2,936) (3,104) (1,401) (651) (618) (653) (504) (553) (613) (791) (980)
Maturities of short-term investments 144 233 559 699 778 886 519 519 1,432 3,047 1,261 1,795 2,096 2,033 1,401 500 302 54 1 3 16 102 432 781 400
Sales of short-term investments 778 1,126 1,021 1,034 1,038 1,035 1,177 1,024 948 1,046 889 995 1,037 861 674 530 384 615 783 448 533 581 520 385 586
Additions to property, plant and equipment (120) (213) (141) (205) (253) (269) (200) (236) (264) (242) (154) (178) (184) (174) (177) (168) (176) (289) (275) (238) (284) (273) (216) (287) (343)
Other investing activities (6) 1 (9) (1) (10) 8 (85) 139 20 (72) (69) 102 (13) (72) 254 2 1 139 (109) 1 4
Cash (used) provided by investing activities (166) (290) 309 457 418 427 160 191 (214) 187 (606) (1,606) 501 187 (1,110) (1,988) (889) (270) 30 (440) (348) (143) 124 88 (333)
Increase (decrease) in notes payable, net 6 (8) 7 (2) (1) 11 (9) 13 (1) (14) (7) (30) 49 (291) 50 241 (5) 7 (6) (321)
Proceeds from borrowings, net of debt issuance costs 6,134
Repayment of borrowings (500) (1) (23) (90) (83) (1) (2) (1) (2) (1) (2) (2) (1)
Proceeds from exercise of stock options and other stock issuances 131 190 150 228 99 238 153 178 82 192 113 373 473 203 188 479 302 207 195 372 111 213 147 153 187
Repurchase of common stock (1,184) (1,036) (883) (1,198) (1,133) (1,379) (1,551) (1,567) (983) (1,091) (1,200) (971) (752) (608) (202) (944) (922) (999) (881) (768) (1,277) (1,360)
Dividends, common and preferred (558) (560) (562) (523) (524) (524) (528) (480) (480) (481) (483) (438) (435) (435) (434) (385) (384) (381) (382) (344) (345) (346) (348) (318) (320)
Other financing activities (17) (14) (22) (59) (41) (8) (26) (46) (22) (11) (31) (67) (42) (5) (37) (41) (53) (5) (18) (13) (16) (6) (13) (8) (17)
Cash provided (used) by financing activities (1,622) (1,420) (1,317) (1,552) (1,599) (2,181) (1,945) (1,917) (1,404) (1,380) (1,610) (1,103) (743) (847) (320) (44) (248) 5,801 (1,442) (858) (1,010) (1,026) (977) (1,458) (1,832)
Effect of exchange rate changes on cash and equivalents 19 (9) (10) 19 (16) (13) 20 (11) (87) (88) (17) (38) 21 21 46 55 (45) 25 10 (56) (70) 57 (13) (103)
Net increase (decrease) in cash and equivalents (1,375) 900 1,041 1,741 (1,263) 486 465 (736) (1,348) (130) (2,047) 31 831 1,373 (119) 487 (200) 5,485 (207) (376) (1,020) 771 272 141 (967)

Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

Cash flow statement item Description The company
Cash provided (used) 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 (used) by operations increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
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 decreased from Q3 2024 to Q4 2024 but then slightly increased from Q4 2024 to Q1 2025.
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 Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.