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PART II
NIKE, Inc. Consolidated Statements of Shareholders’ Equity
Common Stock Capital in
Excess
of Stated
Value
Accumulated
Other
Comprehensive
Income
Retained
Earnings Total
Class A Class B
(In millions, except per share data) Shares Amount Shares Amount
Balance at May 31, 2010 180 $ — 788 $ 3 $ 3,441 $ 215 $ 6,095 $ 9,754
Stock options exercised 14 368 368
Repurchase of Class B
Common Stock (48) (14) (1,857) (1,871)
Dividends on Common stock
($0.60 per share) (569) (569)
Issuance of shares to employees 2 49 49
Stock-based compensation (Note 11) 105 105
Forfeiture of shares from employees — (5) (1) (6)
Net income 2,133 2,133
Other Comprehensive Income (120) (120)
Balance at May 31, 2011 180 $ — 756 $ 3 $ 3,944 $ 95 $ 5,801 $ 9,843
Stock options exercised 18 528 528
Repurchase of Class B Common Stock (40) (12) (1,793) (1,805)
Dividends on Common stock ($0.70 per share) (639) (639)
Issuance of shares to employees 2 57 57
Stock-based compensation (Note 11) 130 130
Forfeiture of shares from employees — (6) (4) (10)
Net income 2,223 2,223
Other comprehensive income 54 54
Balance at May 31, 2012 180 $ — 736 $ 3 $ 4,641 $ 149 $ 5,588 $ 10,381
Stock options exercised 10 322 322
Conversion to Class B Common Stock (2) 2 —
Repurchase of Class B Common Stock (34) (10) (1,647) (1,657)
Dividends on Common stock ($0.81 per share) (727) (727)
Issuance of shares to employees 2 65 65
Stock-based compensation (Note 11) 174 174
Forfeiture of shares from employees — (8) (4) (12)
Net income 2,485 2,485
Other comprehensive income 125 125
Balance at May 31, 2013 178 $ — 716 $ 3 $ 5,184 $ 274 $ 5,695 $ 11,156
The accompanying notes to consolidated financial statements are an integral part of this statement.
NIKE, INC. 2013 Annual Report and Notice of Annual Meeting 93
FORM 10-K