Nike (NKE) FY2016 results: revenue $32.4 billion, up 5.8% on the year
Nike, Inc. (NKE) reported revenue of $32.4 billion for fiscal 2016, the year ended 31 May 2016, up 5.8% on the year before. Net income was $3.8 billion, up 14.9%, and diluted earnings per share $2.16. The figures are the company's own, from the 10-K it filed with the SEC on 21 July 2016.
Revenue
$32.4 billion
+5.8% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$3.8 billion
+14.9% on the year
FY2009FY2016
Diluted EPS
$2.16
+16.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
32,376
30,601
27,799
+5.8%
Cost of revenue
17,405
16,534
15,353
+5.3%
Gross profit
14,971
14,067
12,446
+6.4%
Gross margin
46.2%
46.0%
44.8%
Selling, general and administrative
10,469
9,892
8,766
+5.8%
Pre-tax income
4,623
4,205
3,544
+9.9%
Income tax
863
932
851
-7.4%
Effective tax rate
18.7%
22.2%
24.0%
Net income
3,760
3,273
2,693
+14.9%
Net margin
11.6%
10.7%
9.7%
Diluted EPS
$2.16
$1.85
$1.49
+16.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,399
4,680
3,013
-27.4%
Capital expenditure
1,143
963
880
+18.7%
Free cash flow
2,256
3,717
2,133
-39.3%
Free cash flow margin
7.0%
12.1%
7.7%
Cash from investing
-1,034
-175
-1,207
Cash from financing
-2,974
-2,790
-2,914
Share-based compensation
236
191
177
+23.6%
Buybacks
3,238
2,534
2,628
+27.8%
Dividends paid
1,022
899
799
+13.7%
Dividend per share
$0.62
$0.54
$0.47
+14.8%
Diluted shares, weighted
1,742m
1,769m
1,812m
-1.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
12,258
12,707
10,824
-3.5%
Redeemable equity
0.0
0.0
0.0
Short-term borrowings
1.0
n/a
n/a
Debt
2,037
1,260
1,373
+61.7%
Other liabilities
7,100
7,633
6,397
-7.0%
Total liabilities and equity
21,396
21,600
18,594
-0.9%
Fixed assets
3,520
3,011
2,834
+16.9%
Goodwill
131
131
131
0.0%
Intangible assets
281
281
282
0.0%
Investments
2,319
2,072
2,922
+11.9%
Cash and equivalents
3,138
3,852
2,220
-18.5%
Receivables
3,241
3,358
3,434
-3.5%
Other assets
8,766
8,895
6,771
-1.5%
Total assets
21,396
21,600
18,594
-0.9%
10-K for the year ended 31 May 2016, filed 21 July 2016: the filing.