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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One) ÍANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
F
OR THE FISCAL YEAR ENDED
M
AY
31, 2012
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(
D
) OF THE SECURITIES EXCHANGE ACT OF 1934
F
OR THE TRANSITION PERIOD FROM TO
.
Commission File No. 1-10635
(Exact name of Registrant as specified in its charter)
OREGON 93-0584541
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)
One Bowerman Drive Beaverton, Oregon 97005-6453
(Address of principal executive offices) (Zip Code)
(503) 671-6453
(Registrant’s Telephone Number, Including Area Code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
Class B Common Stock New York Stock Exchange
(Title of Each Class) (Name of Each Exchange on Which Registered)
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
NONE
Indicate by check mark YES NO
if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act. Í‘
if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the
Act. ‘Í
whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Í‘
whether the registrant has submitted electronically and posted on its corporate
Website, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule 405 of Regulation S-T (§229.405 of this chapter) during the preceding
12 months (or for such shorter period that the registrant was required to submit and
post such files). Í‘
if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this
chapter) is not contained herein, and will not be contained, to the best of Registrant’s
knowledge, in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment to this Form 10-K.
whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
Í
Accelerated filer
Non-accelerated file
Smaller Reporting Company
whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ‘Í
As of November 30, 2011, the aggregate market values of the Registrant’s Common Stock held by non-affiliates were:
Class A $ 2,187,325,079
Class B $35,827,172,822
$38,014,497,901
As of July 19, 2012, the number of shares of the Registrant’s Common Stock outstanding were:
Class A 89,892,248
Class B 365,977,972
455,870,220
DOCUMENTS INCORPORATED BY REFERENCE:
Parts of Registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held on September 20, 2012 are incorporated by
reference into Part III of this Report.

Table of contents

  • Page 1
    ... Beaverton, Oregon (Address of principal executive offices) (503) 671-6453 93-0584541 (IRS Employer Identification No.) 97005-6453 (Zip Code) (Registrant's Telephone Number, Including Area Code) SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: Class B Common Stock New York Stock Exchange...

  • Page 2
    NIKE, INC. ANNUAL REPORT ON FORM 10-K Table of Contents Page PART I ITEM 1. 3 Business ...3 General ...3 Products ...3 Sales and Marketing ...4 United States Market ...4 International Markets ...4 Significant Customer ...5 Orders ...5 Product Research and Development ...5 Manufacturing ...5 ...

  • Page 3
    ...writing to NIKE Investor Relations, One Bowerman Drive, Beaverton, Oregon 97005-6453. Our principal business activity is the design, development and worldwide marketing and selling of high quality footwear, apparel, equipment, accessories and services. NIKE is the largest seller of athletic footwear...

  • Page 4
    ... ordering program for retailers similar to the United States futures program described above. During fiscal 2012, NIKE's three largest customers outside of the U.S. accounted for approximately 11% of total non-U.S. sales. Our Direct to Consumer business operates the following in-line and factory...

  • Page 5
    ... portion of our revenue is not derived from futures orders, including at-once and close-out sales of NIKE Brand footwear and apparel, sales of NIKE Brand equipment, sales from our Direct to Consumer operations, and sales from our Other Businesses. Product Research and Development We believe our...

  • Page 6
    ... many global manufacturing and service sectors, and the footwear and apparel industries, as a whole, are not immune. Companies in our industry are facing trade protectionist challenges in many different regions, and in nearly all cases we are working together to address trade issues to reduce...

  • Page 7
    ... of shoes, apparel, and equipment, new product development, price, product identity through marketing and promotion, and customer support and service are important aspects of competition in the athletic footwear, apparel, and equipment industry. To help market our products, we contract with...

  • Page 8
    ... positions in soccer and NIKE Team Sports. From 2000 to 2005, Mr. Wyett was employed by The Walt Disney Company where he was Senior Vice President for Global Apparel, Accessories and Footwear, and later promoted to Executive Vice President for Global Sales and Marketing for Consumer Products...

  • Page 9
    ..., consumer demand for NIKE products, and the various market factors described above; difficulties in implementing, operating, and maintaining NIKE's increasingly complex information systems and controls, including, without limitation, the systems related to demand and supply planning, and inventory...

  • Page 10
    ... our reported financial results and condition. • Continued volatility and availability in the markets and prices for commodities and raw materials we use in our products and in our supply chain (such as petroleum) could have a material adverse effect on our costs, gross margins, and profitability...

  • Page 11
    ... revenue is not derived from futures orders, including at-once and close-out sales of NIKE Brand footwear and apparel, sales of NIKE brand equipment, sales from our Direct to Consumer operations, and sales from our Other Businesses. Consolidation of retailers or concentration of retail market share...

  • Page 12
    ...profit margins. The cost of fuel is a significant component in manufacturing and transportation costs, so increases in the price of petroleum products can adversely affect our profit margins. In addition, Sojitz America performs significant import-export financing services for most of the NIKE Brand...

  • Page 13
    ... the Internet and third-party hosted services ("information technology systems"), across our supply chain, including product design, production, forecasting, ordering, manufacturing, transportation, sales, and distribution, as well as for processing financial information for external and internal...

  • Page 14
    ... and leases one facility in Memphis, Tennessee for NIKE Brand product returns. NIKE Brand apparel and equipment are also shipped from our Foothill Ranch, California distribution center, which we lease. Cole Haan also operates a distribution facility in Greenland, New Hampshire, which we lease...

  • Page 15
    ...Equity Securities traded but each share is convertible upon request of the holder into one share of Class B Common Stock. The following tables set forth, for each of the quarterly periods indicated, the high and low sales prices for the Class B Common Stock as reported on the New York Stock Exchange...

  • Page 16
    ... Outdoor Corp., Wolverine World Wide, Inc., Iconix Brand Group Inc., Crocs, Inc., and Steven Madden, Ltd. Because NIKE is part of the Dow Jones U.S. Footwear Index, the price and returns of NIKE stock have a substantial effect on this index. The Standard & Poor's Apparel, Accessories & Luxury Goods...

  • Page 17
    ... share Cash flow from operations Price range of common stock High Low At May 31, Cash and equivalents Short-term investments Inventories Working capital Total assets Long-term debt Redeemable Preferred Stock Shareholders' equity Year-end stock price Market capitalization Financial Ratios: Return...

  • Page 18
    ... Our return on invested capital has increased from 15% to 22% and we expanded gross margins by 4 percentage points. Results of Operations (Dollars in millions, except per share data) Revenues Cost of sales Gross profit Gross margin % Demand creation expense Operating overhead expense Total selling...

  • Page 19
    ... as to the overall current NIKE Brand market footprint on a wholesale revenue basis. NIKE Brand wholesale equivalent revenues consist of 1) sales to external wholesale customers and 2) internal sales from our wholesale operations to our Direct to Consumer operations at prices that are comparable to...

  • Page 20
    ...the largest component of overall NIKE Brand revenues, we continue to see growth in revenue through our Direct to Consumer channels. Our NIKE Brand Direct to Consumer operations include NIKE owned in-line and factory stores, as well as online sales through NIKE owned websites. For fiscal 2012, Direct...

  • Page 21
    ..., these factors decreased consolidated gross margin by approximately 390 basis points. Partially offsetting this decrease were positive impacts from product price increases, lower air freight costs, the growth of our NIKE Brand Direct to Consumer business, and benefits from our ongoing product cost...

  • Page 22
    ...future selling season based on average market spot rates in the calendar month preceding the date they are established. Inventories and cost of sales for geographic operating segments and certain Other Businesses reflect use of these standard rates to record non-functional currency product purchases...

  • Page 23
    ... Consolidated Financial Statements, certain corporate costs are not included in EBIT of our operating segments. North America Western Europe Central & Eastern Europe Greater China Japan Emerging Markets Global Brand Divisions Total NIKE Brand Other Businesses Corporate TOTAL CONSOLIDATED EARNINGS...

  • Page 24
    ... margin decreased 90 basis points during fiscal 2012, primarily due to higher product input costs and lower gross margins on close-out sales, which more than offset the favorable impact of selling price increases, lower air freight costs and the growth of our Direct to Consumer business. Selling...

  • Page 25
    ... largest market in Western Europe, grew 5% for fiscal 2011. Western Europe's Direct to Consumer revenues grew 10%, which contributed approximately 1 percentage point to Western Europe's revenue increase. The growth in the Direct to Consumer business was fueled by 6% growth in comparable store sales...

  • Page 26
    ... stores selling NIKE products, as well as improvement in comparable store sales for partner-owned stores. For fiscal 2011, the increase in Greater China's footwear revenue was primarily driven by double-digit percentage growth in Running and Sportswear, while the growth in apparel revenue was mainly...

  • Page 27
    ... and taxes increased $206 million, primarily driven by increased investments in our digital business and infrastructure for our Direct to Consumer operations, higher sports marketing expense as well as higher personnel costs to support our global brand functions. NIKE, INC. Å 2012 Form 10-K 27

  • Page 28
    ... 2011, the revenue growth at Converse was primarily driven by increased licensing revenue in China, as well as increased sales in the U.K. as we transitioned that market to direct distribution. Revenues for Cole Haan increased 12%, driven by double-digit percentage growth in our wholesale operations...

  • Page 29
    ... program is intended to lessen both the positive and negative effects of currency fluctuations on our reported consolidated results of operations, financial position and cash flows. We manage global foreign exchange risk centrally on a portfolio basis to address those risks that are material to NIKE...

  • Page 30
    ...not material for the years ended May 31, 2012, 2011 and 2010. Certain currency forward contracts used to manage the foreign exchange exposure of non-functional currency denominated monetary assets and liabilities subject to re-measurement and the embedded derivative contracts discussed above are not...

  • Page 31
    ...higher product input costs as well as changes in product mix, which more than offset the favorable impact of changes in currency exchange rates. Inventory units for the NIKE Brand grew 10% compared to the prior year, driven by growth in futures orders and improved factory deliveries. The increase in...

  • Page 32
    ... costs incurred for products sold to customers. (2) We generally order product at least 4 to 5 months in advance of sale based primarily on futures orders received from customers. The amounts listed for product purchase obligations represent agreements (including open purchase orders) to purchase...

  • Page 33
    ... to the customer, based on the terms of sale. Title passes generally upon shipment or upon receipt by the customer depending on the country of the sale and the agreement with the customer. Retail store revenues are recorded at the time of sale. In some instances, we ship product directly from our...

  • Page 34
    ...the benefits received from them. This method requires us to estimate the future revenue for the related brands, the appropriate royalty rate and the weighted average cost of capital. On May 31, 2012, we announced our intention to divest of the Cole Haan and Umbro businesses. As of May 31, 2012, Cole...

  • Page 35
    ... volatility is estimated based on implied volatility in market traded options on our common stock with a term greater than one year, along with other factors. Our decision to use implied volatility was based on the availability of actively traded options on our common stock and our assessment...

  • Page 36
    ... of loss and estimating probable losses requires analysis of multiple factors, including in some cases judgments about the potential actions of third-party claimants and courts. Recorded contingent liabilities are based on the best information available and actual losses in any future period...

  • Page 37
    ... investment in the net assets of certain international subsidiaries to offset foreign currency translation adjustments related to our net investment in those subsidiaries. Where hedged, our program has the effect of delaying the impact of current market rates on our consolidated financial statements...

  • Page 38
    ... public accounting firm and reviews with the independent registered public accounting firm, management and the internal audit staff, the scope and the results of the annual examination, the effectiveness of the accounting control system and other matters relating to the financial affairs of NIKE...

  • Page 39
    ... independent registered public accounting firm, has audited (1) the consolidated financial statements and (2) the effectiveness of our internal control over financial reporting as of May 31, 2012, as stated in their report herein. Donald W. Blair Chief Financial Officer NIKE, INC. Å 2012 Form 10...

  • Page 40
    ... Firm To the Board of Directors and Shareholders of NIKE, Inc.: In our opinion, the consolidated financial statements listed in the index appearing under Item 15(a)(1) present fairly, in all material respects, the financial position of NIKE, Inc. and its subsidiaries at May 31, 2012 and 2011...

  • Page 41
    PART II Consolidated Statements Of Income (In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense, net (Notes 6, 7 and 8) Other expense (income), net (Note 16) Income ...

  • Page 42
    ... 90 shares outstanding Class B - 368 and 378 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (Note 14) Retained earnings Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY The accompanying notes to consolidated financial statements are...

  • Page 43
    ... receivable (Increase) decrease in inventories (Increase) decrease in prepaid expenses and other current assets Increase (decrease) in accounts payable, accrued liabilities and income taxes payable Cash provided by operations Cash provided (used) by investing activities: Purchases of short-term...

  • Page 44
    PART II Consolidated Statements of Shareholders' Equity Capital in Accumulated Common Stock Excess Other Class A Class B of Stated Comprehensive Retained Shares Amount Shares Amount Value Income Earnings 95 $ - 390 $ 3 $ 2,871 $ 368 $ 5,451 $ 9 380 (In millions, except per share data) BALANCE AT ...

  • Page 45
    ...(In millions, except per share data) BALANCE AT MAY 31, 2011 Stock options exercised Repurchase of Class B Common Stock Dividends on Common stock ($1.39 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Comprehensive income: Net income...

  • Page 46
    ...55 Redeemable Preferred Stock ...57 Common Stock and Stock-Based Compensation ...57 Earnings Per Share ...59 Benefit Plans ...59 Accumulated Other Comprehensive Income ...59 Commitments and Contingencies ...59 Risk Management and Derivatives ...60 Operating Segments and Related Information ...62 46

  • Page 47
    ... information on the Company's short-term investments. Demand Creation Expense Demand creation expense consists of advertising and promotion costs, including costs of endorsement contracts, television, digital and print advertising, brand events, and retail brand presentation. Advertising production...

  • Page 48
    ...for the benefits received from them. This method requires the Company to estimate the future revenue for the related brands, the appropriate royalty rate and the weighted average cost of capital. On May 31, 2012, the Company announced its intention to divest of the Cole Haan and Umbro businesses. As...

  • Page 49
    ... value, net of estimated forfeitures, as selling and administrative expense in the consolidated statements of income over the vesting period using the straight-line method. See Note 11 - Common Stock and Stock-Based Compensation for more information on the Company's stock programs. Income Taxes The...

  • Page 50
    ... average outstanding shares, assuming conversion of all potentially dilutive stock options and awards. See Note 12 - Earnings Per Share for further discussion. impact on the Company's consolidated financial position or results of operations. Recently Issued Accounting Standards In December 2011...

  • Page 51
    ...equipment and internal-use software Leasehold improvements Construction in process Total property, plant and equipment, gross Less accumulated depreciation TOTAL PROPERTY, PLANT AND EQUIPMENT, NET Capitalized interest was not material for the years ended May 31, 2012, 2011, and 2010. $ $ 2011 237...

  • Page 52
    ... Accounting Policies for additional detail regarding the Company's fair value measurement methodology. May 31, 2012 Fair Value Measurements Using Level 1 Level 2 Level 3 Assets/Liabilities at Fair Value (In millions) Balance Sheet Classification ASSETS Derivatives: Foreign exchange forwards...

  • Page 53
    ...broker quotes, interest rates and yield curves observable at commonly quoted intervals, volatilities and credit risks. The Company's Level 3 assets are comprised of investments in certain non-marketable preferred stock. These investments are valued using internally developed models with unobservable...

  • Page 54
    ... committed credit facility agreement that would have expired in December 2012. Based on the Company's current long-term senior unsecured debt ratings of A+ and A1 from Standard and Poor's Corporation and Moody's Investor Services, respectively, the interest rate charged on any outstanding borrowings...

  • Page 55
    ... benefit Foreign earnings Other, net EFFECTIVE INCOME TAX RATE The effective tax rate for fiscal 2012 was 50 basis points higher than the effective tax rate for fiscal 2011 primarily due to changes in uncertain tax positions, partially offset by a reduction in the effective tax rate on operations...

  • Page 56
    ... the following: May 31, 2012 2011 (In millions) Deferred tax assets: Allowance for doubtful accounts Inventories Sales return reserves Deferred compensation Stock-based compensation Reserves and accrued liabilities Foreign loss carry-forwards Foreign tax credit carry-forwards Hedges Undistributed...

  • Page 57
    ...In millions) Net Operating Losses $ $ During the years ended May 31, 2012, 2011, and 2010, income tax benefits attributable to employee stock-based compensation transactions of $120 million, $68 million, and $57 million, respectively, were allocated to shareholders' equity. NOTE 10 - Redeemable...

  • Page 58
    ...in years) Risk-free interest rate The Company estimates the expected volatility based on the implied volatility in market traded options on the Company's common stock with a term greater than one year, along with other factors. The weighted average expected life of options is based on an analysis of...

  • Page 59
    ... - Benefit Plans The Company has a profit sharing plan available to most U.S.-based employees. The terms of the plan call for annual contributions by the Company as determined by the Board of Directors. A subsidiary of the Company also had a profit sharing plan available to its U.S.-based employees...

  • Page 60
    ... exposed to global market risks, including the effect of changes in foreign currency exchange rates and interest rates, and uses derivatives to manage financial exposures that occur in the normal course of business. The Company does not hold or issue derivatives for trading purposes. The Company may...

  • Page 61
    ... for a description of how the above financial instruments are valued, Note 14 - Accumulated Other Comprehensive Income and the consolidated statements of shareholders' equity for additional information on changes in other comprehensive income for the years ended May 31, 2012, 2011 and 2010...

  • Page 62
    ..., demand creation and operating overhead expenses that are centrally managed for the NIKE Brand, and costs associated with product development and supply chain operations. The "Other Businesses" category primarily consists of the activities of Cole Haan, Converse Inc., Hurley International LLC, NIKE...

  • Page 63
    ...future selling season based on average market spot rates in the calendar month preceding the date they are established. Inventories and cost of sales for geographic operating segments and certain Other Businesses reflect use of these standard rates to record non-functional currency product purchases...

  • Page 64
    PART II (In millions) 2012 Year Ended May 31, 2011 2010 REVENUE North America Western Europe Central & Eastern Europe Greater China Japan Emerging Markets Global Brand Divisions Total NIKE Brand Other Businesses Corporate TOTAL NIKE CONSOLIDATED REVENUES EARNINGS BEFORE INTEREST AND TAXES North...

  • Page 65
    ...2012 2011 ACCOUNTS RECEIVABLE, NET North America Western Europe Central & Eastern Europe Greater China Japan Emerging Markets Global Brand Divisions Total NIKE Brand Other Businesses Corporate TOTAL ACCOUNTS RECEIVABLE, NET INVENTORIES... 58 116 1,394 164 557 2,115 NIKE, INC. Å 2012 Form 10-K 65

  • Page 66
    ... and equipment. Other revenues to external customers primarily include external sales by Cole Haan, Converse, Hurley, NIKE Golf, and Umbro. (In millions) Footwear Apparel Equipment Other TOTAL NIKE CONSOLIDATED REVENUES $ $ 2012 13,426 6,333 1,202 3,167 24,128 Year Ended May 31, 2011 $ 11,518...

  • Page 67
    .... ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters The information required by Item 201(d) of Regulation S-K is included under "Executive Compensation - Equity Compensation Plans" in the definitive Proxy Statement for our 2012 Annual Meeting of...

  • Page 68
    ... this report: Form 10-K Page No. 1. Financial Statements: Report of Independent Registered Public Accounting Firm Consolidated Statements of Income for each of the three years ended May 31, 2012, May 31, 2011 and May 31, 2010 Consolidated Balance Sheets at May 31, 2012 and May 31, 2011 Consolidated...

  • Page 69
    ...to the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2010).* Policy for Recoupment of Incentive Compensation (incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K filed July 20, 2010).* Credit Agreement dated as of November 1, 2011 among NIKE...

  • Page 70
    ... a consolidated basis. NIKE agrees, pursuant to Item 601(b)(4)(iii) of Regulation S-K, that it will furnish a copy of any such instrument to the SEC upon request. Upon written request to Investor Relations, NIKE, Inc., One Bowerman Drive, Beaverton, Oregon 97005-6453, NIKE will furnish shareholders...

  • Page 71
    ... 2011 For the year ended May 31, 2012 (1) $ 111 117 124 $ 46 25 24 $ (10) $ 15 (10) (30) $ (33) (43) 117 124 95 The non-current portion of the allowance for doubtful accounts is classified in deferred income taxes and other assets on the consolidated balance sheets. NIKE, INC. Å 2012 Form...

  • Page 72
    ..., and 333-173727) of NIKE, Inc. of our report dated July 24, 2012 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in this Form 10-K. /s/ PRICEWATERHOUSECOOPERS LLP Portland, Oregon July 24, 2012 72

  • Page 73
    ...its behalf by the undersigned, thereunto duly authorized. NIKE, INC. By: /s/ MARK G. PARKER Mark G. Parker Date: Chief Executive Officer and President July 24, 2012 Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following...

  • Page 74
    PART IV EXHIBIT 12.1 (In millions) NIKE, Inc. Computation of Ratio of Earnings to Fixed Charges 2012 2,223 760 2,983 Year Ended May 31, 2011 2010 2,133 $ 1,907 $ 711 610 2,844 2,517 2009 1,487 $ 470 1,957 2008 1,883 620 2,503 Net income Income taxes Income before income taxes Add fixed ...

  • Page 75
    ... Ltda. NIKE Dunk Holding B.V. NIKE Europe Holding B.V. NIKE European Operations Netherlands B.V. NIKE Finance Ltd. NIKE Finland OY NIKE Flight NIKE France S.A.S. NIKE Galaxy Holding B.V. NIKE Global Holding B.V. NIKE Global Services PTE. LTD. NIKE Global Trading PTE. LTD. NIKE, INC. Å 2012 Form 10...

  • Page 76
    ... Company NIKE Norway AS NIKE NZ Holding B.V. NIKE Offshore Holding B.V. NIKE Pegasus NIKE Philippines, Inc. NIKE Poland Sp.zo.o NIKE Retail B.V. NIKE Retail Hellas Ltd. NIKE Retail LLC NIKE Retail Poland sp. z o. o. NIKE Retail Services, Inc. NIKE Retail Turkey NIKE Russia LLC NIKE SALES (MALAYSIA...

  • Page 77
    PART IV Entity Name NIKE (UK) Limited NIKE USA, Inc. NIKE Vapor Ltd. NIKE Victory Cooperatief U.A. NIKE Vietnam Limited Liability Company NIKE Vision, Timing and Techlab, LP NIKE Vomero Cooperatief U.A. NIKE Waffle NIKE Wholesale LLC NIKE Zoom LLC PT Hurley Indonesia PT NIKE Indonesia Savier, Inc. ...

  • Page 78
    ... & Corporate Affairs John F. Slusher Vice President, Global Sports Marketing Eric D. Sprunk Vice President, Merchandising & Product Hans van Alebeek Vice President, Global Operations & Technology Roger S. Wyett President, Affiliates Kelley K. Hall Vice President, Treasurer & Investor Relations John...