← NIKE, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $3.8b
$4.2b +12.77%
$1.9b -54.41%
$4.0b +108.43%
$2.5b -36.98%
$5.7b +125.56%
$6.0b +5.57%
$5.1b -16.14%
$5.7b +12.43%
$3.2b -43.53%
—
Depreciation $649.0m $706.0m $747.0m $705.0m $721.0m $744.0m $717.0m $703.0m $796.0m $775.0m $747.0m
Deferred Income Tax Expense (Benefit) ($80.0m) ($273.0m) $647.0m $34.0m ($380.0m) ($385.0m) ($650.0m) ($117.0m) ($497.0m) ($288.0m) ($96.0m)
Payment, Tax Withholding, Share-based Payment Arrangement — — $55.0m $17.0m — — — — — — —
Share-based Payment Arrangement, Noncash Expense $236.0m $215.0m $218.0m $325.0m $429.0m $611.0m $638.0m $755.0m $804.0m $709.0m $715.0m
Stock-based compensation $236.0m $215.0m $218.0m $325.0m $429.0m $611.0m $638.0m $755.0m $804.0m $709.0m $715.0m
Goodwill, Impairment Loss — — — — — — — — — $0 —
Impairment and other — — — — — — — $156.0m $48.0m $33.0m —
Other Nonoperating Income (Expense) $140.0m $196.0m ($66.0m) $78.0m ($139.0m) ($14.0m) $181.0m $280.0m $228.0m $76.0m —
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable ($60.0m) $426.0m ($187.0m) $270.0m ($1.2b) $1.6b $504.0m ($489.0m) $329.0m $257.0m ($1.2b)
Increase (Decrease) in Inventories $590.0m $231.0m $255.0m $490.0m $1.9b ($507.0m) $1.7b $133.0m ($908.0m) ($120.0m) ($31.0m)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities ($889.0m) ($364.0m) $1.5b $1.5b $24.0m $1.3b $1.4b ($225.0m) $397.0m ($426.0m) ($959.0m)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets ($161.0m) ($120.0m) $35.0m ($203.0m) ($654.0m) ($182.0m) ($845.0m) ($644.0m) ($260.0m) ($224.0m) —
Net Cash Provided by (Used in) Operating Activities $3.1b
$3.6b +17.57%
$5.0b +36.13%
$5.9b +19.13%
$2.5b -57.90%
$6.7b +167.89%
$5.2b -22.07%
$5.8b +12.59%
$7.4b +27.19%
$3.7b -50.22%
$2.9b -22.44%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.1b $1.1b $1.0b $1.1b $1.1b $695.0m $758.0m $969.0m $812.0m $430.0m ($684.0m)
Maturities of short-term investments $2.9b $3.6b $3.6b $1.7b $74.0m $4.2b $8.2b $3.4b $2.3b $319.0m —
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $2.9b $3.6b $3.6b $1.7b $74.0m $4.2b $8.2b $3.4b $2.3b $319.0m —
Purchases of short-term investments ($5.4b) ($5.9b) ($4.8b) ($2.9b) ($2.4b) ($10.0b) ($12.9b) ($6.1b) ($4.8b) ($3.2b) —
Sales of short-term investments $2.4b $2.4b $2.5b $2.1b $2.4b $2.4b $4.0b $4.2b $4.2b $3.1b —
Other investing activities $6.0m ($34.0m) ($25.0m) $0 $31.0m $171.0m ($19.0m) $52.0m ($15.0m) $8.0m —
Payments for (Proceeds from) Other Investing Activities ($6.0m) $34.0m $25.0m $0 ($31.0m) ($171.0m) $19.0m ($52.0m) $15.0m ($8.0m) —
Cash provided (used) by investing activities ($1.0b) ($1.0b) $276.0m ($264.0m) ($1.0b) ($3.8b) ($1.5b) $564.0m $894.0m ($275.0m) —
Net Cash Provided by (Used in) Investing Activities ($1.0b) ($1.0b) $276.0m ($264.0m) ($1.0b) ($3.8b) ($1.5b) $564.0m $894.0m ($275.0m) ($488.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $981.0m $1.5b $0 $0 $6.1b $0 $0 — — — —
Repayment of borrowings — — — ($6.0m) ($6.0m) ($197.0m) $0 ($500.0m) $0 ($1.0b) —
Repayments of Long-term Debt $106.0m $44.0m $6.0m $6.0m — — — — — — $0
Payments for Repurchase of Common Stock $3.2b $3.2b $4.3b $4.3b $3.1b $608.0m $4.0b $5.5b $4.2b $3.0b —
Payments of Ordinary Dividends, Common Stock $1.0b $1.1b $1.2b $1.3b $1.5b $1.6b $1.8b $2.0b $2.2b $2.3b ($2.4b)
Repurchase of common stock ($3.2b) ($3.2b) ($4.3b) ($4.3b) ($3.1b) ($608.0m) ($4.0b) ($5.5b) ($4.2b) ($3.0b) —
Dividends Payable $271.0m $300.0m $320.0m $347.0m $385.0m $438.0m $480.0m $524.0m $558.0m $593.0m —
Dividends Payable, Current $271.0m $300.0m $320.0m $346.0m $384.0m — — $529.0m $563.0m $598.0m —
Dividends declared and not paid $271 $300 $320 $347 $385 $438 $480 $524 $558 $593 —
Dividends — common and preferred ($1k) ($1k) ($1k) ($1k) ($1k) ($2k) ($2k) ($2k) ($2k) ($2k) —
Other financing activities — — ($84.0m) ($50.0m) ($58.0m) ($136.0m) ($151.0m) ($102.0m) ($136.0m) ($85.0m) —
Cash provided (used) by financing activities ($2.7b) ($1.9b) ($4.8b) ($5.3b) $2.5b ($1.5b) ($4.8b) ($7.4b) ($5.9b) ($5.8b) —
Net Cash Provided by (Used in) Financing Activities ($2.7b)
($1.9b) +27.29%
($4.8b) -148.97%
($5.3b) -9.47%
$2.5b +147.06%
($1.5b) -158.57%
($4.8b) -231.46%
($7.4b) -53.99%
($5.9b) +20.93%
($5.8b) +1.15%
($2.3b) +60.62%
Net increase (decrease) in cash and equivalents ($714.0m) $670.0m $441.0m $217.0m $3.9b $1.5b ($1.3b) ($1.1b) $2.4b ($2.4b) —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — $1.5b ($1.3b) ($1.1b) $2.4b ($2.4b) $7.6b
Cash and equivalents, beginning of year $3.9b $3.1b $3.8b $4.2b $4.5b $9.9b $8.6b $7.4b $9.9b $7.5b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $9.9b $8.6b $7.4b $9.9b $7.5b $7.6b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $143.0m ($143.0m) ($91.0m) ($16.0m) $1.0m $11.0m
Effect of exchange rate changes on cash and equivalents ($105.0m) ($20.0m) $45.0m ($129.0m) ($66.0m) $143.0m ($143.0m) ($91.0m) ($16.0m) $1.0m $11.0m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Cash provided (used) by operations $3.1b $3.6b $5.0b $5.9b $2.5b $6.7b $5.2b $5.8b $7.4b $3.7b —
Foreign Currency Transaction Gain (Loss), Unrealized ($98.0m) $117.0m $99.0m ($233.0m) ($23.0m) $138.0m $26.0m $213.0m $138.0m ($37.0m) —
General and Administrative Expense $7.2b $7.2b $7.9b $8.9b $9.5b $9.9b $11.0b $12.3b $12.3b $11.4b —
Goodwill $131.0m $139.0m $154.0m $154.0m $223.0m $242.0m $284.0m $281.0m $240.0m $240.0m —
Income Tax Expense (Benefit) $863.0m $646.0m $2.4b $772.0m $348.0m $934.0m $605.0m $1.1b $1.0b $666.0m —
Income taxes $748.0m $703.0m $529.0m $757.0m $1.0b $1.2b $1.2b $1.5b $1.3b $1.2b —
Increase (decrease) in notes payable, net ($67.0m) $327.0m $13.0m ($325.0m) $49.0m ($52.0m) $15.0m ($4.0m) $0 ($1.0m) —
Interest Paid, Excluding Capitalized Interest, Operating Activities $70.0m $98.0m $125.0m $153.0m $140.0m $293.0m $290.0m $347.0m $381.0m $389.0m —
Interest, net of capitalized interest $70.0m $98.0m $125.0m $153.0m $140.0m $293.0m $290.0m $347.0m $381.0m $389.0m —
Investment Income, Interest — — — — — — — — $430.0m $404.0m —
Net foreign currency adjustments $98.0m ($117.0m) ($99.0m) $233.0m $23.0m ($138.0m) ($26.0m) ($213.0m) ($138.0m) $37.0m —
Proceeds from exercise of stock options and other stock issuances $507.0m $489.0m $733.0m $700.0m $885.0m $1.2b $1.2b $651.0m $667.0m $551.0m —
Supplemental disclosure of cash flow information:

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.