Nike Model

Last Qtr.
Sales Growth
Current Assets/ Sales
Current Liabilities/ Sales
Net Fixed Assets/ Sales
COGS/Sales
Depreciation Rate
Interest Rate on Debt
Tax Rate
Dividend payout ratio

Common Size

13.57%
195.92%
68.64%
36.68%
54.25%
0.61%
5.12%
23.16%
26.02%

Est. 31 Aug.- 11
6.18%

Income Statement (Industrial)

31-May-11
Final
Sales/Revenue

Est. 31 -Aug-11
All Assumed Constant

5,766.0

5494.720

Cost of Goods Sold (COGS) incl. D&A

3,219.0

55.83%

3071.83

COGS excluding D&A

3,128.0

54.25%

2980.83

91.0

1.58%

91.00

Gross Income

2,547.0

44.17%

2422.89

SG&A Expense

1,767.0

30.65%

1683.87

Depreciation & Amortization Expense

Other Operating Expense

0.0

EBIT (Operating Income)

780.0

13.53%

739.02

Nonoperating Income (Expense) - Net

4.0

0.07%

4.00

Interest Expense

4.0

0.07%

4.00

Unusual Expense (Income) - Net

7.0

0.12%

--

--

--

Reorganization and Restructure Expense

--

--

Goodwill Write Off

--

--

Other Intangible Assets Impairment

--

Other Unusual Expense

Pretax Income

High
5900

Consensus
1.21

Analyst Estimates
Low
1.13

High
1.38

--

-29.0

-0.50%

36.0

0.62%

--

773.0

13.41%

731.02

--

Income Taxes

179.0

3.10%

169.30

Net Income

594.0

10.30%

561.72

Net Income available to Common

594.0

10.30%

561.72

EPS (recurring)

1.251

0.2106%

1.183

EPS (basic)

1.270

0.2138%

1.203

EPS (diluted)

1.241

0.2089%

1.173

EBITDA

871.0

15.11%

1003.33

EBIT

780.0

13.53%

1094.33

91.0

1.58%

91.00

Depreciation & Amortization Expense

Analyst Estimates
Low
5640

0.00

Financial Assets Impairment

Unrealized Investment Loss (Gain)

Consensus
5750

Balance Sheet (Industrial)

31-May-11

Est. 31 -Aug-11

Final
Assets
Cash & ST Investments

4,538.0

78.70%

6464.27

Total Accounts Receivable

3,732.0

64.72%

3556.42

-124.0

-2.15%

-118.17

594.0

10.30%

566.05

2,715.0

47.09%

2587.26

312.0

5.41%

297.32

Bad Debt/Doubtful Accounts

Other Receivables
Inventories
Other Current Assets

--

--

5.41%

297.32

11,297.0

195.92%

12905.27

Net Property, Plant & Equipment

2,115.0

36.68%

2203.80

Accumulated Depreciation

2,791.0

48.40%

2882.00

692.0

12.00%

659.44

Prepaid Expenses
Miscellaneous Current Assets
Total Current Assets

Intangible Assets

-312.0

1926.27

Net Goodwill

205.0

3.56%

195.36

Net Other Intangibles

487.0

8.45%

464.09

Deferred Tax Assets

560.0

Other Assets

334.0

Total Assets

14,998.0

231.56
5.79%

318.29

260.11%

15854.28

856.28

Liabilities & Shareholders' Equity

ST Debt & Curr. Portion LT Debt

387.0

6.71%

368.79

Notes Payable

187.0

3.24%

178.20

Current Portion of LTD

200.0

3.47%

190.59

1,469.0

25.48%

1399.89

Accounts Payable

117.0

2.03%

111.50

Other Current Liabilities

1,985.0

34.43%

1891.61

Total Current Liabilities

3,958.0

68.64%

4140.58

Income Tax Payable

Long-Term Debt

276.0

276.00

Term Loans

270.0

270.00

Term Loans - Unsec.

Private Placement Notes - Unsec.
Loans - Other Borrowings
Notes/Bonds
Other

62.0

62.00

130.0

130.00

78.0

78.00

206.1

206.10

--

--

--

Current Portion of LTD

-200.0

Deferred Tax Liabilities

309.0

5.97%

Other Liabilities

612.0

10.61%

Total Liabilities

5,155.0

5873.97

Preferred Stock (Carrying Value)

0.0

Redeemable Preferred Stock

0.0

0.0
0.0
9980.31
3.0
3760.75
6,216.56
-0.0
467.81

Common Equity
Common Stock Par/Carry Value

9,843.0
3.0

Additional Paid-In Capital/Capital Surplus

3,944.0

Retained Earnings

5,801.0

Cumulative Translation Adjustment/Unrealized For. Exch. Gain

Treasury Stock
Repurchased Stock Value

95.0
0.0
606.5

-200.00
328.09
583.21

Total Shareholders' Equity

9,843.0

9,980.3

Total Equity

9,843.0

9,980.3

14,998.0

15,854.28

Liabilities & Shareholders' Equity

415.56

146.1569687
-0.01

856.28