Nike 2010 Annual Report Download - page 60
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Table of Contents NIKE, INC.
CONSOLIDATED BALANCE SHEETS
May 31,
2010 2009
(In millions)
ASSETS
Current assets:
Cash and equivalents $ 3,079.1 $ 2,291.1
Short−term investments (Note 6) 2,066.8 1,164.0
Accounts receivable, net (Note 1) 2,649.8 2,883.9
Inventories (Notes 1 and 2) 2,040.8 2,357.0
Deferred income taxes (Note 9) 248.8 272.4
Prepaid expenses and other current assets 873.9 765.6
Total current assets 10,959.2 9,734.0
Property, plant and equipment, net (Note 3) 1,931.9 1,957.7
Identifiable intangible assets, net (Note 4) 467.0 467.4
Goodwill (Note 4) 187.6 193.5
Deferred income taxes and other assets (Notes 9 and 18) 873.6 897.0
Total assets $ 14,419.3 $ 13,249.6
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long−term debt (Note 8) $ 7.4 $ 32.0
Notes payable (Note 7) 138.6 342.9
Accounts payable (Note 7) 1,254.5 1,031.9
Accrued liabilities (Notes 5 and 18) 1,904.4 1,783.9
Income taxes payable (Note 9) 59.3 86.3
Total current liabilities 3,364.2 3,277.0
Long−term debt (Note 8) 445.8 437.2
Deferred income taxes and other liabilities (Notes 9 and 18) 855.3 842.0
Commitments and contingencies (Note 15) — —
Redeemable Preferred Stock (Note 10) 0.3 0.3
Shareholders’ equity:
Common stock at stated value (Note 11):
Class A convertible — 90.0 and 95.3 shares outstanding 0.1 0.1
Class B — 394.0 and 390.2 shares outstanding 2.7 2.7
Capital in excess of stated value 3,440.6 2,871.4
Accumulated other comprehensive income (Note 14) 214.8 367.5
Retained earnings 6,095.5 5,451.4
Total shareholders’ equity 9,753.7 8,693.1
Total liabilities and shareholders’ equity $ 14,419.3 $ 13,249.6
The accompanying notes to consolidated financial statements are an integral part of this statement.
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