NIKE Q2 2023: Equity Balances Shift, Common Shares Detailed
Ticker: NKE · Form: 10-Q · Filed: 2024-01-05T00:00:00.000Z
Sentiment: neutral
Topics: earnings, equity, shares, financial-statements
TL;DR
**NIKE's Q2 filing details equity shifts and share counts, crucial for assessing financial health.**
AI Summary
NIKE, Inc.'s 10-Q filing for the period ending November 30, 2023, shows the company's financial position and performance. Key details include the number of Common Class A and Common Class B shares outstanding as of December 28, 2023, and the changes in equity components like Retained Earnings and Accumulated Other Comprehensive Income during the quarter ending November 30, 2023. This matters to investors because it provides a snapshot of the company's financial health, including how much profit it's keeping (Retained Earnings) and other non-owner changes in equity, which can influence future dividends, share buybacks, and overall stock value.
Why It Matters
Understanding these equity changes and share counts helps investors gauge NIKE's financial stability and potential for future shareholder returns, impacting their investment decisions.
Risk Assessment
Risk Level: low — This filing primarily provides standard financial disclosures without indicating immediate high-risk factors.
Analyst Insight
Investors should review the full 10-Q document to understand the specific changes in Retained Earnings and Accumulated Other Comprehensive Income, as these can signal trends in profitability and financial health beyond just the share counts.
Key Numbers
- 2023-11-30 — Conformed Period of Report (The end date of the financial period covered by this 10-Q filing.)
- 2024-01-05 — Filed As Of Date (The date the 10-Q filing was officially submitted to the SEC.)
- 0000320187 — Central Index Key (CIK) (Unique identifier for NIKE, Inc. with the SEC.)
- 001-10635 — SEC File Number (The SEC file number for NIKE, Inc.'s registration statement.)
- 75 — Public Document Count (The total number of documents included in this filing.)
Key Players & Entities
- NIKE, Inc. (company) — the filer of the 10-Q
- 0000320187 (company) — Central Index Key (CIK) for NIKE, Inc.
- November 30, 2023 (date) — the end of the reporting period
- December 28, 2023 (date) — date for common share counts
Forward-Looking Statements
- NIKE will continue to provide detailed breakdowns of its common stock classes in future filings. (NIKE, Inc.) — high confidence, target: 2024-05-31
FAQ
What is the reporting period covered by this 10-Q filing?
This 10-Q filing covers the period from June 1, 2023, to November 30, 2023, as indicated by the '2023-06-01 2023-11-30' tag.
When was this 10-Q filing submitted to the SEC?
The filing was submitted to the SEC on January 5, 2024, as stated by 'FILED AS OF DATE: 20240105'.
What is NIKE, Inc.'s Central Index Key (CIK) according to this filing?
NIKE, Inc.'s Central Index Key (CIK) is 0000320187, as specified in the 'FILER: COMPANY DATA' section.
What types of common stock are mentioned in the filing?
The filing mentions 'us-gaap:CommonClassAMember' and 'us-gaap:CommonClassBMember', referring to Common Class A and Common Class B shares of NIKE, Inc.
What is the fiscal year end for NIKE, Inc.?
NIKE, Inc.'s fiscal year end is May 31, as indicated by 'FISCAL YEAR END: 0531'.
From the Filing
0000320187-24-000004.txt : 20240105 0000320187-24-000004.hdr.sgml : 20240105 20240105161745 ACCESSION NUMBER: 0000320187-24-000004 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 75 CONFORMED PERIOD OF REPORT: 20231130 FILED AS OF DATE: 20240105 DATE AS OF CHANGE: 20240105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NIKE, Inc. CENTRAL INDEX KEY: 0000320187 STANDARD INDUSTRIAL CLASSIFICATION: RUBBER & PLASTICS FOOTWEAR [3021] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 930584541 STATE OF INCORPORATION: OR FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-10635 FILM NUMBER: 24516488 BUSINESS ADDRESS: STREET 1: ONE BOWERMAN DR CITY: BEAVERTON STATE: OR ZIP: 97005-6453 BUSINESS PHONE: 5036713173 MAIL ADDRESS: STREET 1: ONE BOWERMAN DR CITY: BEAVERTON STATE: OR ZIP: 97005-6453 FORMER COMPANY: FORMER CONFORMED NAME: NIKE INC DATE OF NAME CHANGE: 19920703 10-Q 1 nke-20231130.htm 10-Q nke-20231130 Yes Yes false 2024 Q2 0000320187 May 31 http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 373 0000320187 2023-06-01 2023-11-30 0000320187 us-gaap:CommonClassAMember 2023-12-28 xbrli:shares 0000320187 us-gaap:CommonClassBMember 2023-12-28 0000320187 2023-09-01 2023-11-30 iso4217:USD 0000320187 2022-09-01 2022-11-30 0000320187 2022-06-01 2022-11-30 iso4217:USD xbrli:shares 0000320187 2023-11-30 0000320187 2023-05-31 0000320187 us-gaap:CommonClassAMember 2023-11-30 0000320187 us-gaap:CommonClassAMember 2023-05-31 0000320187 us-gaap:CommonClassBMember 2023-11-30 0000320187 us-gaap:CommonClassBMember 2023-05-31 0000320187 2022-05-31 0000320187 2022-11-30 0000320187 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-08-31 0000320187 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-08-31 0000320187 us-gaap:AdditionalPaidInCapitalMember 2023-08-31 0000320187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-08-31 0000320187 us-gaap:RetainedEarningsMember 2023-08-31 0000320187 2023-08-31 0000320187 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-09-01 2023-11-30 0000320187 us-gaap:AdditionalPaidInCapitalMember 2023-09-01 2023-11-30 0000320187 us-gaap:RetainedEarningsMember 2023-09-01 2023-11-30 0000320187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-01 2023-11-30 0000320187 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-11-30 0000320187 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-11-30 0000320187 us-gaap:AdditionalPaidInCapitalMember 2023-11-30 0000320187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-11-30 0000320187 us-gaap:RetainedEarningsMember 2023-11-30 0000320187 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2022-08-31 0000320187 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-08-31 0000320187 us-gaap:AdditionalPaidInCapitalMember 2022-08-31 0000320187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-08-31 0000320187 us-gaap:RetainedEarningsMember 2022-08-31 0000320187 2022-08-31 0000320187 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-09-01 2022-11-30 0000320187 us-gaap:AdditionalPaidInCapitalMember 2022-09-01 2022-11-30 0000320187 us-gaap:RetainedEarningsMember 2022-09-01 2022-11-30 0000320187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-09-01 2022-11-30 0000320187 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2022-11-30 0000320187 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-11-30 0000320187 us-gaap:AdditionalPaidInCapitalMember 2022-11-30 0000320187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-11-30 0000320187 us-gaap:RetainedEarningsMember 2022-11-30 0000320187 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-05-31 0000320187 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-05-31 0000320187 us-gaap:AdditionalPaidInCapitalMember 2023