Nike 2009 Annual Report Download - page 58

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NIKE, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Stock Capital in
Excess of
Stated
Value
Accumulated
Other
Comprehensive
Income
Retained
Earnings Total
Class A Class B
Shares Amount Shares Amount
(In millions, except per share data)
Balance at May 31, 2006 .................................... 127.8 $0.1 384.2 $2.7 $1,447.3 $ 121.7 $4,713.4 $6,285.2
Stock options exercised ...................................... 10.7 349.7 349.7
Conversion to Class B Common Stock .......................... (10.2) 10.2 —
Repurchase of Class B Common Stock ......................... (22.1) (13.2) (962.0) (975.2)
Dividends on Common stock ($0.71 per share) ................... (357.2) (357.2)
Issuance of shares to employees ............................... 1.2 30.1 30.1
Stock-based compensation (Note 11): 147.7 147.7
Forfeiture of shares from employees ........................... (0.1) (1.6) (0.5) (2.1)
Comprehensive income (Note 14):
Net income ............................................. 1,491.5 1,491.5
Other comprehensive income: —
Foreign currency translation and other (net of tax expense of
$5.4) .............................................. 84.6 84.6
Net loss on cash flow hedges (net of tax benefit of $9.5) ........ (38.1) (38.1)
Reclassification to net income of previously deferred losses
related to hedge derivatives (net of tax benefit of $3.6) ....... 21.4 21.4
Comprehensive income ...................................... 67.9 1,491.5 1,559.4
Adoption of FAS 158 (net of tax benefit of $5.4) (Note 13): (12.2) (12.2)
Balance at May 31, 2007 .................................... 117.6 $0.1 384.1 $2.7 $1,960.0 $ 177.4 $4,885.2 $7,025.4
Stock options exercised ...................................... 9.1 372.2 372.2
Conversion to Class B Common Stock .......................... (20.8) 20.8 —
Repurchase of Class B Common Stock ......................... (20.6) (12.3) (1,235.7) (1,248.0)
Dividends on Common stock ($0.875 per share) .................. (432.8) (432.8)
Issuance of shares to employees ............................... 1.0 39.2 39.2
Stock-based compensation (Note 11): 141.0 141.0
Forfeiture of shares from employees ........................... (0.1) (2.3) (1.1) (3.4)
Comprehensive income (Note 14):
Net income ............................................. 1,883.4 1,883.4
Other comprehensive income:
Foreign currency translation and other (net of tax expense of
$101.6) ............................................ 211.9 211.9
Realized foreign currency translation gain due to divestiture
(Note 17): .......................................... (46.3) (46.3)
Net loss on cash flow hedges (net of tax benefit of $67.7) ....... (175.8) (175.8)
Net loss on net investment hedges (net of tax benefit of $25.1) . . . (43.5) (43.5)
Reclassification to net income of previously deferred losses
related to hedge derivatives (net of tax benefit of $49.6) ...... 127.7 127.7
Comprehensive income ...................................... 74.0 1,883.4 1,957.4
Adoption of FIN 48 (Note 9) ................................. (15.6) (15.6)
Adoption of EITF 06-2 Sabbaticals (net of tax benefit of $6.2) ....... (10.1) (10.1)
Balance at May 31, 2008 .................................... 96.8 $0.1 394.3 $2.7 $2,497.8 $ 251.4 $5,073.3 $7,825.3
Stock options exercised ...................................... 4.0 167.2 167.2
Conversion to Class B Common Stock .......................... (1.5) 1.5 —
Repurchase of Class B Common Stock ......................... (10.6) (6.3) (632.7) (639.0)
Dividends on Common stock ($0.98 per share) ................... (475.2) (475.2)
Issuance of shares to employees ............................... 1.1 45.4 45.4
Stock-based compensation (Note 11): 170.6 170.6
Forfeiture of shares from employees ........................... (0.1) (3.3) (0.7) (4.0)
Comprehensive income (Note 14):
Net income ............................................. 1,486.7 1,486.7
Other comprehensive income:
Foreign currency translation and other (net of tax benefit of
$177.5) ............................................ (335.3) (335.3)
Net gain on cash flow hedges (net of tax expense of $167.5) .... 453.6 453.6
Net gain on net investment hedges (net of tax expense of
$55.4) ............................................. 106.0 106.0
Reclassification to net income of previously deferred net gains
related to hedge derivatives (net of tax expense of $39.6) ..... (108.2) (108.2)
Comprehensive income ...................................... 116.1 1,486.7 1,602.8
Balance at May 31, 2009 .................................... 95.3 $0.1 390.2 $2.7 $2,871.4 $ 367.5 $5,451.4 $8,693.1
The accompanying notes to consolidated financial statements are an integral part of this statement.
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