NIKE GNA by Q3Np90gp

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									Nike Inc. Balance Sheet
Annual Balance Sheet
(Values in Millions)        May-01              May-00              May-99
Assets
Current Assets
Cash and Equivalents         304.00    5.22%     254.30    4.34%     198.10    3.77%
Receivables                 1621.40   27.86%    1569.40   26.80%    1556.00   29.65%
Inventories                 1424.10   24.47%    1446.00   24.69%    1199.30   22.85%
Other Current Assets         275.80    4.74%     326.70    5.58%     311.50    5.94%


Total Current Assets        3625.30   62.29%    3596.40   61.40%    3264.90   62.22%

Non-Current Assets
Property, Plant &
Equipment, Gross            2552.80   43.87%    2393.80   40.87%    2001.30   38.14%
Accum. Depreciation &
Depletion                    934.00   16.05%     810.40   13.84%     735.50   14.02%
Property, Plant &
Equipment, Net              1618.80   27.82%    1583.40   27.03%    1265.80   24.12%
Intangibles                  397.30    6.83%     410.90    7.02%     426.60    8.13%
Other Non-Current Assets     178.20    3.06%     266.20    4.55%     290.40    5.53%


Total Non-Current Assets    2194.30   37.71%    2260.50   38.60%    1982.80   37.78%


Total Assets                5819.60   100.00%   5856.90   100.00%   5247.70   100.00%

Liabilities &
Shareholder's Equity
Current Liabilities
Accounts Payable             432.00    7.42%     543.80    9.28%     373.20    7.11%
Short Term Debt              860.70   14.79%     974.30   16.64%     420.10    8.01%
Other Current Liabilities    494.00    8.49%     621.90   10.62%     653.60   12.45%


Total Current Liabilities   1786.70   30.70%    2140.00   36.54%    1446.90   27.57%

Non-Current liabilites
Long Term Debt               435.90    7.49%     470.30    8.03%     386.10    7.36%
Deferred Income Taxes        102.20    1.76%     110.30    1.88%      79.80    1.52%
Minority Interest              0.30    0.01%       0.00    0.00%       0.00    0.00%


Total Non-Current
Liabilities                  538.40    9.25%     580.60    9.91%     465.90    8.88%


Total Liabilities           2325.10   39.95%    2720.60   46.45%    1912.80   36.45%

Shareholder's Equity
Preferred Stock Equity           0.00      0.00%       0.30      0.01%       0.30      0.01%
Common Stock Equity           3494.50     60.05%    3136.00     53.54%    3334.60     63.54%


Total Equity                  3494.50     60.05%    3136.30     53.55%    3334.90     63.55%


Total Liabilities & Stock
Equity                        5819.60     100.00%   5856.90     100.00%   5247.70     100.00%

Total Common Shares
Outstanding                   268.6 Mil             269.6 Mil             282.3 Mil



Ratios                         2001                  2000                  1999
Liquidity
Current ratio                     2.03                  1.68                  2.26
Quick ratio                       1.23                  1.00                  1.43

Activity
Inventory Turnover                3.91                  3.58                  4.39
Average Collection Period        61.52                 62.81                 63.82
Average Payment Period           39.88                 53.99                 36.46
Total Asset Turnover              1.63                  1.54                  1.67

Debt
Debt Ratio                     39.95%                46.45%                36.45%
Times interest earned ratio      16.70                 21.43                 17.92

Profitability
Gross Profit Margin            41.29%                42.41%                40.02%
Operating Profit Margin        10.69%                10.95%                 9.76%
Net Profit Margin               6.21%                 6.44%                 5.14%
Return on total assets         10.13%                53.55%                63.55%
Return on common equity        16.88%                18.46%                13.54%
Nike Inc. Income Statement
Annual Income Statement (Values in
Millions)                              5/1/2001             5/1/2000             5/1/1999
Sales                                   9488.80   100.00%    8995.10   100.00%    8776.90   100.00%
Cost of Sales                           5570.80   58.71%     5180.20   58.71%     5264.70   59.98%
Gross Operating Profit                  3918.00   41.29%     3814.90   41.29%     3512.20   40.02%
Selling, General & Admin. Expense       2689.70   28.35%     2606.40   28.35%     2426.60   27.65%
EBITDA                                  1228.30   12.94%     1208.50   12.94%     1085.60   12.37%
Depreciation & Amortization              214.10    2.26%      223.60    2.26%      228.80    2.61%
EBIT (Operating Income)                 1014.20   10.69%      984.90   10.69%      856.80    9.76%
Other Income, Net                        -34.20    -0.36%     -23.20    -0.36%     -21.50    -0.24%
Total Income Avail for Interest Exp.     980.10   10.33%      964.20   10.33%      790.20    9.00%
Interest Expense                          58.70    0.62%       45.00    0.62%       44.10    0.50%
Pre-tax Income                           921.40    9.71%      919.20    9.71%      746.10    8.50%
Income Taxes                             331.70    3.50%      340.10    3.50%      294.70    3.36%


Special Income/Charges                     0.10    0.00%        2.50    0.00%      -45.10    -0.51%


Total Net Income                         589.70    6.21%      579.10    6.21%      451.40    5.14%

								
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