Nike 2011 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2011 Nike annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

38 NIKE,INC.-Form10-K
PARTII
ITEM8Financial Statements and Supplemental Data
Consolidated Statements of Shareholders’ Equity
(Inmillions, except per share data)
Common Stock
Capitalin Excess
of Stated Value
Accumulated
Other
Comprehensive
Income
Retained
Earnings Total
ClassA ClassB
Shares Amount Shares Amount
BALANCE AT MAY31,2008 97 $ — 394 $ 3 $ 2,498 $ 251 $ 5,073 $ 7,825
Stock options exercised 4 167 167
Conversion to ClassB
CommonStock (2) 2 —
Repurchase of ClassB
CommonStock (11) (6) (633) (639)
Dividends on Common stock
($0.98 per share) (475) (475)
Issuance of shares to employees 1 45 45
Stock-based compensation
(Note11): 171 171
Forfeiture of shares from employees — (4) (1) (5)
Comprehensive income: 1,487 1,487
Net income
Other comprehensive income:
Foreign currency translation and
other (net of tax benefi t of $178) (335) (335)
Net gain on cash fl ow hedges
(net of tax expense of $168) 454 454
Net gain on net investment
hedges (net of tax expense
of$55) 106 106
Reclassifi cation to net income
of previously deferred net gains
related to hedge derivatives
(netof tax expense of $40) (108) (108)
Total comprehensive income 117 1,487 1,604
BALANCE AT MAY31,2009 95 $ — 390 $ 3 $ 2,871 $ 368 $ 5,451 $ 8,693
Stock options exercised 9 380 380
Conversion to ClassB
CommonStock (5) 5 —
Repurchase of ClassB
CommonStock (11) (7) (747) (754)
Dividends on Common stock
($1.06 per share) (515) (515)
Issuance of shares to employees 1 40 40
Stock-based compensation
(Note11): 159 159
Forfeiture of shares from employees — (2) (1) (3)
Comprehensive income:
Net income 1,907 1,907
Other comprehensive income
(Notes14 and 17):
Foreign currency translation and
other (net of tax benefi t of $72) (159) (159)
Net gain on cash fl ow hedges
(net of tax expense of $28) 87 87
Net gain on net investment
hedges (net of tax expense
of$21) 45 45
Reclassifi cation to net income
of previously deferred net gains
related to hedge derivatives
(netof tax expense of $42) (122) (122)
Reclassifi cation of ineffective
hedge gains to net income
(netof tax expense of $1) (4) (4)
Total comprehensive income (153) 1,907 1,754