Nike 2003 Annual Report Download - page 40

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NIKE, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Capital in
Excess of
Stated
Value
Accumulated
Other
Comprehensive
Income (Loss)
Common Stock
Unearned
Stock
Compensation
Class A Class B Retained
EarningsShares Amount Shares Amount Total
(In millions, except per share data)
Balance at May 31, 2000 ............... 99.2 $0.2 170.4 $2.6 $369.0 $(11.7) $(111.1) $2,887.0 $3,136.0
Stock options exercised ................. 2.9 91.0 91.0
Conversion to Class B Common Stock ..... (0.1) 0.1 —
Repurchase of Class B Common Stock ..... (4.0) (4.8) (152.2) (157.0)
Dividends on Common stock ($.48 per
share) ............................. (129.6) (129.6)
Issuance of shares to employees .......... 0.1 6.7 (6.7) —
Amortization of unearned compensation .... 7.3 7.3
Forfeiture of shares from employees ....... (2.5) 1.2 (0.6) (1.9)
Comprehensive income (Note 14):
Net income ......................... 589.7 589.7
Foreign currency translation and other (net
of tax benefit of $2.4) ............... (41.0) (41.0)
Comprehensive income ................. (41.0) 589.7 548.7
Balance at May 31, 2001 ............... 99.1 $0.2 169.5 $2.6 $459.4 $ (9.9) $(152.1) $3,194.3 $3,494.5
Stock options exercised ................. 1.7 72.9 72.9
Conversion to Class B Common Stock ..... (1.0) 1.0
Repurchase of Class B Common Stock ..... (4.3) (5.2) (232.5) (237.7)
Dividends on Common stock ($.48 per
share) ............................. (128.6) (128.6)
Issuance of shares to employees and
others ............................. 0.2 13.2 (1.9) 11.3
Amortization of unearned compensation .... 6.5 6.5
Forfeiture of shares from employees ....... (0.1) (1.6) 0.2 (1.5) (2.9)
Comprehensive income (Note 14):
Net income ......................... 663.3 663.3
Other comprehensive income (net of tax
benefit of $13.0):
Foreign currency translation ......... (1.5) (1.5)
Cumulative effect of change in
accounting principle (Note 1) ....... 56.8 56.8
Adjustment for fair value of hedge
derivatives ..................... (95.6) (95.6)
Comprehensive income ................. (40.3) 663.3 623.0
Balance at May 31, 2002 ............... 98.1 $0.2 168.0 $2.6 $538.7 $ (5.1) $(192.4) $3,495.0 $3,839.0
Stock options exercised ................. 1.3 48.2 48.2
Conversion to Class B Common Stock ..... (0.3) 0.3 —
Repurchase of Class B Common Stock ..... (4.0) (4.8) (186.2) (191.0)
Dividends on Common stock ($.54 per
share) ............................. (142.7) (142.7)
Issuance of shares to employees .......... 0.3 9.6 (0.2) 9.4
Amortization of unearned compensation .... 3.7 3.7
Forfeiture of shares from employees ....... (0.1) (2.7) 1.0 (0.9) (2.6)
Comprehensive income (Note 14):
Net income ......................... 474.0 474.0
Other comprehensive income (net of tax
benefit of $72.8):
Foreign currency translation ......... 127.4 127.4
Adjustment for fair value of hedge
derivatives ..................... (174.7) (174.7)
Comprehensive income ................. (47.3) 474.0 426.7
Balance at May 31, 2003 ............... 97.8 $0.2 165.8 $2.6 $589.0 $ (0.6) $(239.7) $3,639.2 $3,990.7
The accompanying notes to consolidated financial statements are an integral part of this statement.
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