Nike (NKE) FY2023 results: revenue $51.2 billion, up 9.6% on the year
Nike, Inc. (NKE) reported revenue of $51.2 billion for fiscal 2023, the year ended 31 May 2023, up 9.6% on the year before. Net income was $5.1 billion, down 16.1%, and diluted earnings per share $3.23. The figures are the company's own, from the 10-K it filed with the SEC on 20 July 2023.
Revenue
$51.2 billion
+9.6% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$5.1 billion
-16.1% on the year
FY2016FY2023
Diluted EPS
$3.23
-13.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,841
5,188
6,657
+12.6%
Capital expenditure
969
758
695
+27.8%
Free cash flow
4,872
4,430
5,962
+10.0%
Free cash flow margin
9.5%
9.5%
13.4%
Cash from investing
564
-1,524
-3,800
Cash from financing
-7,447
-4,836
-1,459
Depreciation and amortisation
703
n/a
n/a
Share-based compensation
755
638
611
+18.3%
Buybacks
5,480
4,014
608
+36.5%
Dividends paid
2,012
1,837
1,638
+9.5%
Dividend per share
$1.32
$1.19
$1.07
+11.3%
Diluted shares, weighted
1,570m
1,611m
1,609m
-2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
14,004
15,281
12,767
-8.4%
Redeemable equity
0.0
0.0
0.0
Short-term borrowings
6.0
10.0
2.0
-40.0%
Debt
8,927
9,420
9,413
-5.2%
Operating lease liabilities
2,786
2,777
2,931
+0.3%
Other liabilities
11,808
12,833
12,627
-8.0%
Total liabilities and equity
37,531
40,321
37,740
-6.9%
Fixed assets
5,081
4,791
4,904
+6.1%
Goodwill
281
284
242
-1.1%
Intangible assets
274
286
269
-4.2%
Investments
n/a
n/a
3,587
Cash and equivalents
7,441
8,574
9,889
-13.2%
Receivables
4,131
4,667
4,463
-11.5%
Other assets
20,323
21,719
14,386
-6.4%
Total assets
37,531
40,321
37,740
-6.9%
10-K for the year ended 31 May 2023, filed 20 July 2023: the filing.