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Table of Contents 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, 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
Total Comprehensive income 74.0 1,883.4 1,957.4
Adoption of FIN 48 (Note 1 and 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)
Total 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
Stock options exercised 8.6 379.6 379.6
Conversion to Class B Common Stock (5.3) 5.3 —
Repurchase of Class B Common Stock (11.3) (6.8) (747.5) (754.3)
Dividends on Common stock ($1.06 per share) (514.8) (514.8)
Issuance of shares to employees 1.3 40.0 40.0
Stock−based compensation (Note 11): 159.0 159.0
Forfeiture of shares from employees (0.1) (2.6) (0.3) (2.9)
Comprehensive income (Note 14):
Net income 1,906.7 1,906.7
Other comprehensive income:
Foreign currency translation and other (net of tax benefit of $71.8) (159.2) (159.2)
Net gain on cash flow hedges (net of tax expense of $27.8) 87.1 87.1
Net gain on net investment hedges (net of tax expense of $21.2) 44.8 44.8
Reclassification to net income of previously deferred net gains
related to hedge derivatives (net of tax expense of $41.7) (121.6) (121.6)
Reclassification of ineffective hedge gains to net income (net of tax
expense of $1.4) (3.8) (3.8)
Total Comprehensive income (152.7) 1,906.7 1,754.0
Balance at May 31, 2010 90.0 $ 0.1 394.0 $ 2.7 $ 3,440.6 $ 214.8 $ 6,095.5 $ 9,753.7
The accompanying notes to consolidated financial statements are an integral part of this statement.
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