Nike 2006 Annual Report Download - page 50

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NIKE, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Stock Capital in
Excess of
Stated
Value
Unearned
Stock
Compensation
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings Total
Class A Class B
Shares Amount Shares Amount
(In millions, except per share data)
Balance at May 31, 2003 ............... 97.8 $ 0.2 165.8 $2.6 $ 589.0 $ (0.6) $(239.7) $3,639.2 $3,990.7
Stock options exercised ................. 5.5 284.9 284.9
Conversion to Class B Common Stock ..... (20.2) (0.1) 20.2 0.1 —
Repurchase of Class B Common Stock ..... (6.4) (7.6) (406.7) (414.3)
Dividends on Common stock ($.74 per
share) ............................. (194.9) (194.9)
Issuance of shares to employees .......... 0.4 23.2 (7.5) 15.7
Amortization of unearned compensation .... 2.6 2.6
Forfeiture of shares from employees ....... (1.7) (0.3) (2.0)
Comprehensive income (Note 13):
Net income ......................... 945.6 945.6
Other comprehensive income (net of tax
expense of $69.0):
Foreign currency translation ......... 27.5 27.5
Adjustment for fair value of hedge
derivatives ..................... 125.9 125.9
Comprehensive income ................. 153.4 945.6 1,099.0
Balance at May 31, 2004 ............... 77.6 $ 0.1 185.5 $2.7 $ 887.8 $ (5.5) $ (86.3) $3,982.9 $4,781.7
Stock options exercised ................. 4.4 273.2 273.2
Conversion to Class B Common Stock ..... (5.7) 5.7 —
Repurchase of Class B Common Stock ..... (6.9) (8.3) (547.9) (556.2)
Dividends on Common stock ($.95 per
share) ............................. (249.4) (249.4)
Issuance of shares to employees .......... 0.5 32.1 (10.2) 21.9
Amortization of unearned compensation .... 3.9 3.9
Forfeiture of shares from employees ....... (1.9) 0.4 (0.7) (2.2)
Comprehensive income (Note 13):
Net income ......................... 1,211.6 1,211.6
Other comprehensive income (net of tax
expense of $40.2):
Foreign currency translation ......... 70.1 70.1
Adjustment for fair value of hedge
derivatives ..................... 89.6 89.6
Comprehensive income ................. 159.7 1,211.6 1,371.3
Balance at May 31, 2005 ............... 71.9 $ 0.1 189.2 $2.7 $1,182.9 $(11.4) $ 73.4 $4,396.5 $5,644.2
Stock options exercised ................. 4.0 254.0 254.0
Conversion to Class B Common Stock ..... (8.0) 8.0 —
Repurchase of Class B Common Stock ..... (9.5) (11.3) (769.9) (781.2)
Dividends on Common stock ($1.18 per
share) ............................. (304.9) (304.9)
Issuance of shares to employees .......... 0.5 33.0 (6.1) 26.9
Amortization of unearned compensation .... 11.5 11.5
Forfeiture of shares from employees ....... (0.1) (7.2) 1.9 (0.3) (5.6)
Comprehensive income (Note 13):
Net income ......................... 1,392.0 1,392.0
Other comprehensive income (net of tax
benefit of $37.8):
Foreign currency translation ....... 87.1 87.1
Adjustment for fair value of hedge
derivatives ................... (38.8) (38.8)
Comprehensive income ................. 48.3 1,392.0 1,440.3
Balance at May 31, 2006 ............... 63.9 $ 0.1 192.1 $2.7 $1,451.4 $ (4.1) $ 121.7 $4,713.4 $6,285.2
The accompanying notes to consolidated financial statements are an integral part of this statement.
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