Nike vs Adidas

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MANAJEMEN KEUANGAN

Analisis Rasio Keuangan antara
Nike Inc. dan Adidas Group

Anggota Kelompok :
Herlina1011031008
Fina Nidaul Mufiddah1011031048
Maria Ansela Handayani1011031062
Novia Niki Pertiwi1011031070
Tiaraku Oktia1011031082

S1 AKUNTANSI
FAKULTAS EKONOMI
UNIVERSITAS LAMPUNG
2011/2012

NIKE, Inc.
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED FEBRUARY 28, 2010
(In millions, except per share data)

INCOME STATEMENT 02/28/201002/28/200902/28/200802/28/2007

Revenues $ 13,937.1 $14,463.1$ 18,627.0$ 16,325.9
Cost of sales 7,542.9 7,902.5 10,239.6 9,165.4
Gross margin 6,394.2 6,560.6 8,387.4 7,160.5

Selling and adm. expense 4,588.5 4,755.3 5,953.7 5,028.7

Goodwill impairment 0.0 199.3
Intangible & other asset
impairment 0.0 202.0
Interest Income 77.1 67.2
Other (income), net (32.2) (54.1) (7.9) 0.9
Interest expense (income), net 3.8 (12.1)
Income before income taxes 1,834.1 1,470.2 2,502.9 2,199.9

Income tax expense (benefit) 449.3 324.9 619.5 708.4
Net income $ 1,384.8 $ 1,145.3 $ 1,883.4 $ 1,491.5

Diluted EPS $ 2.81 $ 2.33 $ 3.74 $ 2.93
Basic EPS $ 2.85 $ 2.36 $ 3.80 $ 2.96

Weighted Average Common Shares Outstanding:
Diluted 493.3 491.2 504.1 509.9
Basic 485.8 485.0 495.6 503.8
Dividends declared $ 0.27 $ 0.25 $ 0.79 $ 0.73

NIKE, Inc.
BALANCE SHEET02/28/201002/28/200902/28/200802/28/2007
(In Millions)
ASSETS
Current assets:
Cash and equivalents$ 2,225.2 $ 1,892.1 $2,133.9 $1,856.7
Short-term investments 1,813.7 712.1 642.2 9 90.3
Accounts receivable, net 2,833.8 2,892.4 2,795.3 2,494.7
Inventories 2,150.3 2,466.6 2,438.4 2,121.9
Deferred income taxes 221.7 169.3 227.2 219.7
Prepaid expenses and
other current assets 843.3 970.9 602.3 393.2
Total current assets 10,088.0 9,103.4 8,839.3 8,076.5

Property, plant and
equipment 4,437.2 4,150.8 4,103.0 3,619.1
Less accumulated
depreciation 2,474.6 2,256.9 2,211.9 1,940.8
Property, plant and
equipment, net 1,962.6 1,893.9 1,891.1 1,678.3

Identifiable intangible
assets, net 468.0 460.7 743.1 409.9
Goodwill 190.7 187.2 448.8 130.8
Deferred income taxes
and other assets 867.0 1,087.3 520.4 392.8
Total assets $13,576.3 $12,732.5$12,442.7$10,688.3

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of
long-term debt$ 7.5$ 32.0$6.3$30.5
Notes payable108.8331.1177.7100.8
Accounts payable994.7952.01,287.61,040.3
Accrued liabilities1,647.71,535.51,761.91,303.4
Income taxes payable88.0112.488.0109.0
Total current
Liabilities2,846.72,963.03,321.52,584.0

Long-term debt451.9437.8441.1409.9
Deferred income taxes
and other liabilities848.5774.6854.5668.7
Redeemable preferred
stock 0.30.30.30.3
Shareholders' equity9,428.98,556.8...
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