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NKE

NIKE, Inc.eval run
10-K for period ending 2026-05-31gpt-6-luna@none · prompt v4$0.00128.9sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$46.4BR2 Revenues46,398 millions$46.4B ✓
Operating income-not printed on this statement--
Net income attributable to the company$3.1BR12 NET INCOME3,108 millions$3.1B ✓
Diluted EPS$2.10R15 Diluted2.10$2.10 ✓
Cash and cash equivalents$7.6BR4 Cash and equivalents7,563 millions$7.6B ✓
Total assets$38.4BR15 TOTAL ASSETS38,410 millions$38.4B ✓
Total liabilities-not printed on this statement--
Total shareholders' equity attributable to the company$14.9BR36 Total shareholders' equity14,865 millions$14.9B ✓
Net cash from operating activities$2.9BR15 Cash provided (used) by operations2,868 millions$2.9B ✓
Net cash from investing activities-$488.0MR22 Cash provided (used) by investing activities(488) millions-$488.0M ✓
Net cash from financing activities-$2.3BR29 Cash provided (used) by financing activities(2,292) millions-$2.3B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

Found 12 claims, none about a company-wide figure the statements can confirm.

trace

  1. 0locator (code)0.14s
    {
  "tables": 94,
  "exhibits": [],
  "documents": 1
}
    {
  "income": {
    "rows": 19,
    "scale": 1000000,
    "score": 49,
    "heading": "ed as the Company's auditor since 1974. 2026 FORM 10-K 54 Table of Contents NIKE, INC. CONSOLIDATED STATEMENTS OF INCOME",
    "tableIndex": 28,
    "runnerUpScore": 27.75
  },
  "balance": {
    "rows": 38,
    "scale": 1000000,
    "score": 52,
    "heading": "ments are an integral part of this statement. 2026 FORM 10-K 56 Table of Contents NIKE, INC. CONSOLIDATED BALANCE SHEETS",
    "tableIndex": 30,
    "runnerUpScore": 7.75
  },
  "cashflow": {
    "rows": 39,
    "scale": 1000000,
    "score": 42.75,
    "heading": "an integral part of this statement. 2026 FORM 10-K 57 Table of Contents NIKE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS",
    "tableIndex": 31,
    "runnerUpScore": 7
  }
}
  2. 1cash flow agent1.51s · 1469 tokens · $0.0002
    {
  "rows": 39,
  "retryHint": null,
  "tableIndex": 31
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    {
  "figures": [
    {
      "note": "This is the operating-activities section total after changes in working capital.",
      "field": "operatingCashFlow",
      "scale": 1000000,
      "value": 2868000000,
      "printed": "2,868",
      "rowIndex": 15,
      "rowLabel": "Cash provided (used) by operations",
      "priorValue": 3698000000,
      "agentPrinted": "2,868",
      "failedChecks": [],
      "priorPrinted": "3,698",
      "groundingMismatch": false
    },
    {
      "note": "This is the investing-activities section total.",
      "field": "investingCashFlow",
      "scale": 1000000,
      "value": -488000000,
      "printed": "(488)",
      "rowIndex": 22,
      "rowLabel": "Cash provided (used) by investing activities",
      "priorValue": -275000000,
      "agentPrinted": "(488)",
      "failedChecks": [],
      "priorPrinted": "(275)",
      "groundingMismatch": false
    },
    {
      "note": "This is the financing-activities section total.",
      "field": "financingCashFlow",
      "scale": 1000000,
      "value": -2292000000,
      "printed": "(2,292)",
      "rowIndex": 29,
      "rowLabel": "Cash provided (used) by financing activities",
      "priorValue": -5820000000,
      "agentPrinted": "(2,292)",
      "failedChecks": [],
      "priorPrinted": "(5,820)",
      "groundingMismatch": false
    }
  ],
  "statement": "cashflow",
  "tableIndex": 31,
  "priorColumn": 1,
  "currentColumn": 0
}
  3. 2balance sheet agent1.70s · 1350 tokens · $0.0002
    {
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    {
  "figures": [
    {
      "note": "Cash and equivalents is the statement’s cash line.",
      "field": "cash",
      "scale": 1000000,
      "value": 7563000000,
      "printed": "7,563",
      "rowIndex": 4,
      "rowLabel": "Cash and equivalents",
      "priorValue": 7464000000,
      "agentPrinted": "7,563",
      "failedChecks": [],
      "priorPrinted": "7,464",
      "groundingMismatch": false
    },
    {
      "note": "This is the printed total assets line.",
      "field": "totalAssets",
      "scale": 1000000,
      "value": 38410000000,
      "printed": "38,410",
      "rowIndex": 15,
      "rowLabel": "TOTAL ASSETS",
      "priorValue": 36579000000,
      "agentPrinted": "38,410",
      "failedChecks": [],
      "priorPrinted": "36,579",
      "groundingMismatch": false
    },
    {
      "note": "The statement prints total current liabilities but no total liabilities line.",
      "field": "totalLiabilities",
      "scale": 1000000,
      "value": null,
      "printed": null,
      "rowIndex": null,
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      "failedChecks": [],
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      "groundingMismatch": false
    },
    {
      "note": "Total shareholders’ equity is printed without a separate noncontrolling-interest amount.",
      "field": "totalEquity",
      "scale": 1000000,
      "value": 14865000000,
      "printed": "14,865",
      "rowIndex": 36,
      "rowLabel": "Total shareholders' equity",
      "priorValue": 13213000000,
      "agentPrinted": "14,865",
      "failedChecks": [],
      "priorPrinted": "13,213",
      "groundingMismatch": false
    }
  ],
  "statement": "balance",
  "tableIndex": 30,
  "priorColumn": 1,
  "currentColumn": 0
}
  4. 3income statement agent1.98s · 1367 tokens · $0.0002
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    {
  "figures": [
    {
      "note": "“Revenues” is the company-wide revenue total.",
      "field": "revenue",
      "scale": 1000000,
      "value": 46398000000,
      "printed": "46,398",
      "rowIndex": 2,
      "rowLabel": "Revenues",
      "priorValue": 46309000000,
      "agentPrinted": "46,398",
      "failedChecks": [],
      "priorPrinted": "46,309",
      "groundingMismatch": false
    },
    {
      "note": "The statement does not print operating income or an equivalent line.",
      "field": "operatingIncome",
      "scale": 1000000,
      "value": null,
      "printed": null,
      "rowIndex": null,
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    },
    {
      "note": "“NET INCOME” is the only net income line, with no separate attributable-interest line.",
      "field": "netIncome",
      "scale": 1000000,
      "value": 3108000000,
      "printed": "3,108",
      "rowIndex": 12,
      "rowLabel": "NET INCOME",
      "priorValue": 3219000000,
      "agentPrinted": "3,108",
      "failedChecks": [],
      "priorPrinted": "3,219",
      "groundingMismatch": false
    },
    {
      "note": "The “Diluted” earnings-per-common-share row prints diluted EPS.",
      "field": "epsDiluted",
      "scale": 1,
      "value": 2.1,
      "printed": "2.10",
      "rowIndex": 15,
      "rowLabel": "Diluted",
      "priorValue": 2.16,
      "agentPrinted": "2.10",
      "failedChecks": [],
      "priorPrinted": "2.16",
      "groundingMismatch": false
    }
  ],
  "statement": "income",
  "tableIndex": 28,
  "priorColumn": 1,
  "currentColumn": 0
}
  5. 4reconciler (code)0.00s
    null
    [
  {
    "name": "balance_identity",
    "detail": "total assets equals total liabilities and equity",
    "fields": [
      "totalAssets"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "totalEquity_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "totalEquity"
    ],
    "passed": true,
    "skipped": true,
    "statement": "balance"
  },
  {
    "name": "netIncome_before_preferred",
    "detail": "net income is not the after-preferred-dividends line",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "epsDiluted_total",
    "detail": "diluted EPS is for total net income",
    "fields": [
      "epsDiluted"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "netIncome_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": true,
    "statement": "income"
  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing (+ FX) equals the net change in cash",
    "fields": [
      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
    "passed": true,
    "skipped": false,
    "statement": "cashflow"
  }
]
  6. 5MD&A claims agent6.48s · 2715 tokens · $0.0006
    null
    [
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "• NIKE Brand revenues were $45.2 billion in fiscal 2026 compared to $44.7 billion in fiscal 2025, an increase of 1% and a decrease of 1% on a reported and currency-neutral basis, respectively.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "1%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "• NIKE Brand revenues were $45.2 billion in fiscal 2026 compared to $44.7 billion in fiscal 2025, an increase of 1% and a decrease of 1% on a reported and currency-neutral basis, respectively.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$45.2 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "• NIKE Brand revenues were $45.2 billion in fiscal 2026 compared to $44.7 billion in fiscal 2025, an increase of 1% and a decrease of 1% on a reported and currency-neutral basis, respectively.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$0.5 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "• NIKE Brand wholesale revenues were $27.5 billion in fiscal 2026 compared to $25.9 billion in fiscal 2025, up 6% on a reported basis and up 4% on a currency-neutral basis.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "6%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "• NIKE Direct revenues were $17.7 billion in fiscal 2026 compared to $18.8 billion in fiscal 2025, down 6% on a reported basis.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$17.7 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "• NIKE Direct revenues were $17.7 billion in fiscal 2026 compared to $18.8 billion in fiscal 2025, down 6% on a reported basis.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "6%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "• NIKE Brand footwear revenues were $29.5 billion in fiscal 2026 compared to $29.5 billion in fiscal 2025.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$29.5 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "• NIKE Brand apparel revenues were $13.4 billion in fiscal 2026 compared to $13.0 billion in fiscal 2025.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$13.4 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "• NIKE Brand apparel revenues were $13.4 billion in fiscal 2026 compared to $13.0 billion in fiscal 2025. On a currency-neutral basis, NIKE Brand apparel revenues increased 2%.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "2%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "• NIKE Brand wholesale revenues were $27.5 billion in fiscal 2026 compared to $25.9 billion in fiscal 2025, up 6% on a reported basis and up 4% on a currency-neutral basis.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$27.5 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "• NIKE Brand Digital sales were $8.6 billion in fiscal 2026 compared to $9.6 billion in fiscal 2025, with declines primarily due to reduced traffic.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: quote not found in the filing, so the claim isn't treated as real",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$8.6 billion",
    "tolerance": null,
    "quoteVerified": false
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "NIKE store sales were $9.1 billion in fiscal 2026 compared to $9.2 billion in fiscal 2025.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$9.1 billion",
    "tolerance": null,
    "quoteVerified": true
  }
]

Income statement

table #28 · current period is figure column 1
0YEAR ENDED MAY 31,
1(In millions, except per share data)202620252024
2Revenues← Total revenue46,39846,30951,362
3Cost of sales26,48726,51928,475
4Gross profit19,91119,79022,887
5Demand creation expense4,7544,6894,285
6Operating overhead expense11,36011,39912,291
7Total selling and administrative expense16,11416,08816,576
8Interest (income) expense, net(50)(107)(161)
9Other (income) expense, net(53)(76)(228)
10Income before income taxes3,9003,8856,700
11Income tax expense7926661,000
12NET INCOME← Net income attributable to the company3,1083,2195,700
13Earnings per common share:
14Basic2.102.173.76
15Diluted← Diluted EPS2.102.163.73
16Weighted average common shares outstanding:
17Basic1,479.81,484.91,517.6
18Diluted1,481.01,487.61,529.7

Balance sheet

table #30 · current period is figure column 1
0MAY 31,
1(In millions)20262025
2ASSETS
3Current assets:
4Cash and equivalents← Cash and cash equivalents7,5637,464
5Short-term investments1,4641,687
6Accounts receivable, net5,9314,717
7Inventories7,5017,489
8Prepaid expenses and other current assets2,1442,005
9Total current assets24,60323,362
10Property, plant and equipment, net4,7964,828
11Operating lease right-of-use assets, net2,8382,712
12Identifiable intangible assets, net259259
13Goodwill240240
14Deferred income taxes and other assets5,6745,178
15TOTAL ASSETS← Total assets38,41036,579
16LIABILITIES AND SHAREHOLDERS' EQUITY
17Current liabilities:
18Current portion of long-term debt2,000-
19Accounts payable3,6003,479
20Current portion of operating lease liabilities478502
21Accrued liabilities6,0925,916
22Income taxes payable377669
23Total current liabilities12,54710,566
24Long-term debt5,9427,961
25Operating lease liabilities2,6132,550
26Deferred income taxes and other liabilities2,4432,289
27Commitments and contingencies (Note 16)
28Redeemable preferred stock--
29Shareholders' equity:
30Common stock at stated value:
31Class A convertible - 281 and 290 shares outstanding--
32Class B - 1,202 and 1,186 shares outstanding33
33Capital in excess of stated value15,15814,195
34Accumulated other comprehensive income (loss)(141)(258)
35Retained earnings (deficit)(155)(727)
36Total shareholders' equity← Total shareholders' equity attributable to the company14,86513,213
37TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY38,41036,579

Cash flow statement

table #31 · current period is figure column 1
0YEAR ENDED MAY 31,
1(Dollars in millions)202620252024
2Cash provided (used) by operations:
3Net income3,1083,2195,700
4Adjustments to reconcile net income to net cash provided (used) by operations:
5Depreciation and amortization747775796
6Deferred income taxes(96)(288)(497)
7Stock-based compensation715709804
8Impairment and other503348
9Net foreign currency adjustments2237(138)
10Changes in certain working capital components and other assets and liabilities:
11(Increase) decrease in accounts receivable(1,207)(257)(329)
12(Increase) decrease in inventories(31)120908
13(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets519(224)(260)
14Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities(959)(426)397
15Cash provided (used) by operations← Net cash from operating activities2,8683,6987,429
16Cash provided (used) by investing activities:
17Purchases of short-term investments(1,316)(3,234)(4,767)
18Maturities of short-term investments5563192,269
19Sales of short-term investments1,0213,0624,219
20Additions to property, plant and equipment(684)(430)(812)
21Other investing activities(65)8(15)
22Cash provided (used) by investing activities← Net cash from investing activities(488)(275)894
23Cash provided (used) by financing activities:
24Repayment of borrowings-(1,000)-
25Proceeds from exercise of stock options and other stock issuances354551667
26Repurchase of common stock(146)(2,985)(4,250)
27Dividends - common and preferred(2,407)(2,300)(2,169)
28Other financing activities(93)(86)(136)
29Cash provided (used) by financing activities← Net cash from financing activities(2,292)(5,820)(5,888)
30Effect of exchange rate changes on cash and equivalents111(16)
31Net increase (decrease) in cash and equivalents99(2,396)2,419
32Cash and equivalents, beginning of year7,4649,8607,441
33CASH AND EQUIVALENTS, END OF YEAR7,5637,4649,860
34Supplemental disclosure of cash flow information:
35Cash paid during the year for:
36Interest, net of capitalized interest323389381
37Non-cash additions to property, plant and equipment174184160
38Dividends declared and not paid614593558