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Essay / Research Paper Abstract
This 3-page paper provides an analysis of Nike Inc.'s Form 10-K for FY ending May 31, 2011. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTnikeacct.doc
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Unformatted sample text from the term paper:
report isnt very comprehensive, as it shows only financial highlights and general information about shareholder dividends. Therefore, to obtain a more comprehensive level of Nikes financial story, weve opted to
examine Nikes 10-K; the most recent describing the FY ended May 31, 2011. Public companies earning more than $10 million in a given
year are required to file their annual reports via the Form 10-K (Form 10-K, 2012). This filing offers a "comprehensive overview of the companys business and financial condition and includes
audited financial statements" (Form 10-K, 2012). The difference between an annual report and a Form 10-K is that the former tends to disclose summaries and state-of the company reports, whereas
the latter provides more in-depth information about a companys financial condition. In the case of Nike, its annual report contains very basic information, with much of it gussied up in
a colorful, mostly PR format. If were to get a complete understanding of Nike, the 10-K is going to be a better form to study.
The main sections of this particular report include Part I (the business and environment); Part II (the market for securities, management discussion about financial conditions and the
financial information) and Part III (corporate governance and accounting fees). There is also a Part IV, which acts as a kind of appendix, containing exhibits and financial statement schedules.
As we delve into various parts of the report, what were some key factors influencing the companys financial performance? One factor involved international
sales; revenues from that sector were 57% of total revenues (versus 58% in FY 2010 and 2009). Another factor influencing the financial performance was competition - "we compete internationally with
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