Nike Inc
Balance Sheet
AS of May 2022 and 2021
Consolidated Balance Sheets - USD ($) $ in Millions
May 31, 2022
May 31, 2021
Current assets:
Cash and equivalents
$ 8,574
$ 9,889
Short-term investments
4,423
3,587
Accounts receivable, net
4,667
4,463
Inventories
8,420
6,854
Prepaid expenses and other current assets
2,129
1,498
Total current assets
28,213
26,291
Property, plant and equipment, net
4,791
4,904
Operating lease right-of-use assets, net
2,926
3,113
Identifiable intangible assets, net
286
269
Goodwill
284
242
Deferred income taxes and other assets
3,821
2,921
Total Long Term Assets
12,108
11,449
TOTAL ASSETS
$
40,321 $
37,740
Current liabilities:
Current portion of long-term debt
500
0
Notes payable
10
2
Accounts payable
3,358
2,836
Current portion of operating lease liabilities
420
467
Accrued liabilities
6,220
6,063
Income taxes payable
222
306
Total current liabilities
10,730
9,674
Long-term debt
8,920
9,413
Operating lease liabilities
2,777
2,931
Deferred income taxes and other liabilities
2,613
2,955
Commitments and contingencies (Note 18)
Total Long term liablities
14,310
15,299
Total Liablities
25,040
24,973
Shareholders' equity:
Redeemable preferred stock
0
0
Capital in excess of stated value
11,484
9,965
Accumulated other comprehensive income (loss)
318
(380)
Retained earnings (deficit)
3,476
3,179
Total shareholders' equity
15,278
12,767
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$
40,318 $
37,740
Class A Convertible Common Stock
Shareholders' equity:
Common stock at stated value
0
0
