Nike 2009 Annual Report Download - page 23

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Item 6. Selected Financial Data
Financial History
2009 2008 2007 2006 2005
(In millions, except per share data and financial ratios)(1)
Year Ended May 31,
Revenues ................................. $19,176.1 $18,627.0 $16,325.9 $14,954.9 $13,739.7
Gross margin .............................. 8,604.4 8,387.4 7,160.5 6,587.0 6,115.4
Gross margin % ............................ 44.9% 45.0% 43.9% 44.0% 44.5%
Restructuring charges ....................... 195.0————
Goodwill impairment ....................... 199.3————
Intangible and other asset impairment .......... 202.0————
Net income ............................... 1,486.7 1,883.4 1,491.5 1,392.0 1,211.6
Basic earnings per common share .............. 3.07 3.80 2.96 2.69 2.31
Diluted earnings per common share ............ 3.03 3.74 2.93 2.64 2.24
Weighted average common shares outstanding . . . 484.9 495.6 503.8 518.0 525.2
Diluted weighted average common shares
outstanding ............................. 490.7 504.1 509.9 527.6 540.6
Cash dividends declared per common share ...... 0.98 0.875 0.71 0.59 0.475
Cash flow from operations ................... 1,736.1 1,936.3 1,878.7 1,667.9 1,570.7
Price range of common stock
High ................................. 70.28 70.60 57.12 45.77 46.22
Low ................................. 38.24 51.50 37.76 38.27 34.31
At May 31,
Cash and equivalents ........................ $ 2,291.1 $ 2,133.9 $ 1,856.7 $ 954.2 $ 1,388.1
Short-term investments ...................... 1,164.0 642.2 990.3 1,348.8 436.6
Inventories ................................ 2,357.0 2,438.4 2,121.9 2,076.7 1,811.1
Working capital ............................ 6,457.0 5,517.8 5,492.5 4,733.6 4,339.7
Total assets ............................... 13,249.6 12,442.7 10,688.3 9,869.6 8,793.6
Long-term debt ............................ 437.2 441.1 409.9 410.7 687.3
Redeemable Preferred Stock .................. 0.3 0.3 0.3 0.3 0.3
Shareholders’ equity ........................ 8,693.1 7,825.3 7,025.4 6,285.2 5,644.2
Year-end stock price ........................ 57.05 68.37 56.75 40.16 41.10
Market capitalization ........................ 27,697.8 33,576.5 28,472.3 20,564.5 21,462.3
Financial Ratios:
Return on equity ........................... 18.0% 25.4% 22.4% 23.3% 23.2%
Return on assets ............................ 11.6% 16.3% 14.5% 14.9% 14.5%
Inventory turns ............................ 4.4 4.5 4.4 4.3 4.4
Current ratio at May 31 ...................... 3.0 2.7 3.1 2.8 3.2
Price/Earnings ratio at May 31 ................ 18.8 18.3 19.4 15.2 18.3
(1) All share and per share information has been restated to reflect a two-for-one stock split affected in the form
of a 100% common stock dividend distributed on April 2, 2007.
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