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PART II
Selected Quarterly Financial Data
(Unaudited)
(Dollars in millions, except per share data)
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
2015 2014 2015 2014 2015 2014 2015 2014
Revenues $ 7,982 $ 6,971 $ 7,380 $ 6,431 $ 7,460 $ 6,972 $ 7,779 $ 7,425
Gross profit 3,721 3,132 3,327 2,826 3,426 3,103 3,593 3,385
Gross margin % 46.6% 44.9% 45.1% 43.9% 45.9% 44.5% 46.2% 45.6%
Net income from continuing operations(1) 962 779 655 534 791 682 865 698
Net income(1) 962 779 655 534 791 682 865 698
Earnings per common share from continuing
operations:
Basic 1.11 0.88 0.76 0.60 0.92 0.77 1.01 0.80
Diluted 1.09 0.86 0.74 0.59 0.89 0.75 0.98 0.78
Weighted average common shares outstanding 864.9 889.4 863.1 888.0 861.4 882.3 857.5 873.7
Diluted weighted average common shares
outstanding 886.2 910.7 884.8 910.6 883.8 904.8 879.8 895.2
Cash dividends declared per common share 0.24 0.21 0.28 0.24 0.28 0.24 0.28 0.24
Price range of common stock:
High 80.30 66.85 99.76 79.87 99.50 80.26 105.50 80.09
Low 73.14 59.11 78.35 63.50 90.69 69.85 95.18 70.60
(1) Net income for the three month period ended May 31, 2015 was increased by an adjustment to Income tax expense to correct amounts accrued in prior fiscal 2015 quarters on
intercompany transactions. These adjustments were not material to any prior interim periods and did not impact Net income or Income tax expense for the year ended May 31, 2015.
NIKE, INC. 2015 Annual Report and Notice of Annual Meeting 81
FORM 10-K