Nike 2016 Annual Report Download - page 50

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PART II
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
(In millions, except per share data) Shares Amount Shares Amount
Balance at May 31, 2013 356 $ — 1,433 $ 3 $ 5,184 $ 274 $ 5,620 $ 11,081
Stock options exercised 22 445 445
Conversion to Class B Common Stock (1) — 1 — —
Repurchase of Class B Common Stock (73) (11) (2,617) (2,628)
Dividends on common stock ($0.47 per share) (821) (821)
Issuance of shares to employees 3 78 78
Stock-based compensation 177 177
Forfeiture of shares from employees (1) (8) (4) (12)
Net income 2,693 2,693
Other comprehensive income (loss) (189) (189)
Balance at May 31, 2014 355 $ — 1,385 $ 3 $ 5,865 $ 85 $ 4,871 $ 10,824
Stock options exercised 27 639 639
Repurchase of Class B Common Stock (58) (9) (2,525) (2,534)
Dividends on common stock ($0.54 per share) (931) (931)
Issuance of shares to employees 3 92 92
Stock-based compensation 191 191
Forfeiture of shares from employees — (5) (3) (8)
Net income 3,273 3,273
Other comprehensive income (loss) 1,161 1,161
Balance at May 31, 2015 355 $ — 1,357 $ 3 $ 6,773 $ 1,246 $ 4,685 $ 12,707
Stock options exercised 22 680 680
Conversion to Class B Common Stock (2) — 2 — —
Repurchase of Class B Common Stock (55) (8) (3,230) (3,238)
Dividends on common stock ($0.62 per share) (1,053) (1,053)
Issuance of shares to employees 3 115 115
Stock-based compensation 236 236
Forfeiture of shares from employees — (10) (11) (21)
Net income 3,760 3,760
Other comprehensive income (loss) (928) (928)
Balance at May 31, 2016 353 $ — 1,329 $ 3 $ 7,786 $ 318 $ 4,151 $ 12,258
The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.
NIKE, INC. 2016 Annual Report and Notice of Annual Meeting 103
FORM 10-K