¶ … 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…