Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Nike Financials
DETAILS (Executive Summary follows below)
Company Summary:
NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
Audit firm: PricewaterhouseCoopers, LLP.
Stock exchange and symbol: The Nike ticket symbol is NKE and the company is listed on the New York Stock Exchange (NYSE).
Cash / Cash Equivalents: YE 2011 $1,955 M; YE 2010 $3,079 M; YE 2009 $2, 291 M
Total Current Assets: 2011 $14,998 M; 2010 $14,419 M; 2009 $13,250 M
Two largest current assets: YE 2011 Inventories at $2,715M and Accounts Receivable at $3,138M; YE 2010 Cash and Cash Equivalents at $3,079 M. And Accounts Receivables at $2,650.
Total Current Assets: 2011 $14,998 M; 2010 $14,419 M; 2009 $13,250 M
Accounts Payable: 2011 $1,469 M; 2010 $1,255 M
Total Liabilities: 2011 $3,958 M; 2010 $3,364 M. And Shareholders' Equity 2011 $9,843; 2010 $9,754
10. Total Current Liabilities: 2011 $3,958 M; 2010 $3,364 M
11. Revenues: 2011 $20,862 M; 2010 $19,014 M; 2009 $19,176 M
12. Net Income: 2011 $2,133 M; 2010 $1,907 M; 2009 $1,487 M
13. Change in dollars of Net Income: 2011 to 2010 $226 M ($2,133 M - $1,907 M); 2010 to 2009 $420 M ($1,907 M - $1,487 M)
Executive Summary -- NIKE, Inc.
NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon. The Nike, Inc. ticket symbol is NKE and the company is listed on the New York Stock Exchange (NYSE). NIKE and its many subsidiaries designs, develops, markets, and sells sports-related footwear, apparel, gear, equipment, and accessory products for people of all ages across the globe (Yahoo! Finance, 2012). The company's product scope covers most major sports categories, such as basketball, running, soccer, and training (Yahoo! Finance,...
In addition, there are lines of products for children and for casual wear and sports-inspired lifestyles (Yahoo! Finance, 2012). Accessory and performance items, such as athletic bags, sports ball, eyewear, timepieces, electronic devices, protective equipment, and other gear for sports activities are NIKE branded (Yahoo! Finance, 2012). NIKE also brands bats, gloves, golf clubs, and markets apparel for professional teams, licensed college teams, and league logos (Yahoo! Finance, 2012). NIKE markets under other trademarks, such as Cole Haan, Converse, Chuck Taylor, All Star, One Star, Star Chevron, Jack Purcell, Hurley, and Umbro (Yahoo! Finance, 2012). NIKE products are sold through the company's own retail stores, Internet sites, independent distributors, retail accounts, and licensees (Yahoo! Finance, 2012).
Financial Information
The independent registered public accounting firm of PricewaterhouseCoopers, LLP, has audited the consolidated financial statement and the effectiveness of NIKE's internal control over financial reporting as of the May 31, 2011 activities.
US currency, in millions
2011
2010
2009
Cash and Cash Equivalents:
$1,955
$3,079
$2, 291
Total Current Assets
$14,998
$14,419
$13,250
Accounts Payable
$1,469
$1,255
Total Liabilities
$3,958
$3,364
Shareholders' Equity
$9,843
$9,754
Total Current Liabilities
$3,958
$3,364
Revenues
$20,862
$19,014
$19,176
Net Income
$2,133
$1,907
$1,487
The two largest current assets at the end of the reporting period in 2011 were Inventories at $2,715 million and Accounts Receivable at $3,138 million. At the end of the reporting year in 2010, the largest current assets were Cash and…
5% of total liabilities. Their retained earnings, on the other hand, total $5.073 billion. The heavy use of retained earnings is partially explained by their view of themselves as a growth company. While they pay a dividend, Nike prefers to re-invest much of its profits back into expansion. They do not feel that the market has matured sufficiently to stop their aggressive growth strategy. Another consideration in their capital structure
Marketing - Nike: Company Analysis NIKE: A Genius World of Advertising and Marketing The media bombards society with commercial messages daily, both written and spoken. There are, for example, the easily forgettable newspaper ads, the brightly colored billboards on the highway that one can see while driving, or on the side of buildings, the man or woman sitting on the side of the road with a flyer, or the boring radio commercials. There
4. Number of vendors The article editing operations would be offered by the same vendor offering the research operations. 4.5. Timeline for the contracting process In a context in which the magazine is published once a month, the editing of the articles would be expected to be completed within a week, normally the third week of the month, after the two weeks of research are completed. 5. Photography Operations 5.1. Preliminary performance targets The foreign contractor
" The analysis cited above continues to describe the ways in which corporate "life" (in the sense of how many different individuals and entities are vital to the running of a corporation in the current climate): Businesses today must be consumer, profit, and publicly oriented. Only a few years ago, the first two would have sufficed. But, in support of our dualistic argument regarding the marketing concept, that is -- creating exchanges
If you don't do them well, you can't compete, but doing them better than anyone else provides limited benefit. Companies should carefully examine these tasks for outsourcing opportunities, keeping in mind that they may require the outsourced resources to have specialized or more developed skills. Activities that are necessary, but a commodity level of service is sufficient - Commodity tasks are necessary for keeping a company functioning, but they do
likeability is effected by management in the international workplace. It assumes a phenomenological approach to the notion of likeability, and is based on the idea that likeability in management is fundamental to achieving "connectedness" among employees and to inspiring the drive needed to ensure an organization's success. By conducting a survey of employees and managers from every major business continent of the globe (Asia, Europe, America, the Middle East),