Nike (NKE) FY2015 results: revenue $30.6 billion, up 10.1% on the year
Nike, Inc. (NKE) reported revenue of $30.6 billion for fiscal 2015, the year ended 31 May 2015, up 10.1% on the year before. Net income was $3.3 billion, up 21.5%, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 23 July 2015.
Revenue
$30.6 billion
+10.1% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$3.3 billion
+21.5% on the year
FY2008FY2015
Diluted EPS
$1.85
+24.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
30,601
27,799
25,313
+10.1%
Cost of revenue
16,534
15,353
14,279
+7.7%
Gross profit
14,067
12,446
11,034
+13.0%
Gross margin
46.0%
44.8%
43.6%
Selling, general and administrative
9,892
8,766
7,796
+12.8%
Pre-tax income
4,205
3,544
3,256
+18.7%
Income tax
932
851
805
+9.5%
Effective tax rate
22.2%
24.0%
24.7%
Net income
3,273
2,693
2,472
+21.5%
Net margin
10.7%
9.7%
9.8%
Diluted EPS
$1.85
$1.49
$1.35
+24.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,680
3,013
3,027
+55.3%
Capital expenditure
963
880
598
+9.4%
Free cash flow
3,717
2,133
2,429
+74.3%
Free cash flow margin
12.1%
7.7%
9.6%
Cash from investing
-175
-1,207
-940
Cash from financing
-2,790
-2,914
-1,045
Depreciation and amortisation
n/a
n/a
452
Share-based compensation
191
177
174
+7.9%
Buybacks
2,534
2,628
1,674
-3.6%
Dividends paid
899
799
703
+12.5%
Dividend per share
$0.54
$0.47
$0.41
+16.1%
Diluted shares, weighted
1,769m
1,812m
1,833m
-2.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
12,707
10,824
11,081
+17.4%
Redeemable equity
0.0
0.0
0.0
Debt
1,260
1,373
1,365
-8.2%
Other liabilities
7,633
6,397
5,099
+19.3%
Total liabilities and equity
21,600
18,594
17,545
+16.2%
Fixed assets
3,011
2,834
2,452
+6.2%
Goodwill
131
131
131
0.0%
Intangible assets
281
282
289
-0.4%
Investments
2,072
2,922
2,628
-29.1%
Cash and equivalents
3,852
2,220
3,337
+73.5%
Receivables
3,358
3,434
3,117
-2.2%
Other assets
8,895
6,771
5,591
+31.4%
Total assets
21,600
18,594
17,545
+16.2%
10-K for the year ended 31 May 2015, filed 23 July 2015: the filing.