For the quarter ending 2026-02-28, NKE had -$314M decrease in cash & cash equivalents over the period. $284M in free cash flow.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Net income | 520 | 792 | 727 | 211 |
| Depreciation and amortization | 185 | 179 | 190 | 775 |
| Deferred income taxes | -64 | -43 | -25 | 16 |
| Stock-based compensation | 194 | 176 | 185 | 165 |
| Impairment and other | 31 | 1 | 8 | 33 |
| Net foreign currency adjustments | 53 | -20 | -34 | -13 |
| (increase) decrease in accounts receivable | -398 | 806 | 215 | 93 |
| (increase) decrease in inventories | -281 | -353 | 610 | -219 |
| (increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets | -149 | -276 | 165 | -11 |
| Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities | -1,211 | -369 | 93 | -276 |
| Cash provided (used) by operations | 430 | 579 | 222 | 463 |
| Purchases of short-term investments | 253 | 281 | 355 | 570 |
| Maturities of short-term investments | 83 | 186 | 209 | 61 |
| Sales of short-term investments | 208 | 242 | 294 | 623 |
| Additions to property, plant and equipment | 146 | 193 | 207 | 100 |
| Other investing activities | 60 | 3 | - | 0 |
| Cash provided (used) by investing activities | -168 | -49 | -59 | 14 |
| Increase (decrease) in notes payable, net | 0 | -3 | -1 | 1 |
| Repayment of borrowings | - | - | - | 1,000 |
| Proceeds from exercise of stock options and other stock issuances | 17 | 107 | 127 | 151 |
| Repurchase of common stock | 0 | 20 | 126 | 199 |
| Dividends common and preferred | 609 | 598 | 591 | 591 |
| Other financing activities | -9 | -65 | -7 | -6 |
| Cash provided (used) by financing activities | -601 | -579 | -598 | -1,644 |
| Effect of exchange rate changes on cash and equivalents | 25 | -1 | -5 | 30 |
| Net increase (decrease) in cash and equivalents | -314 | -50 | -440 | -1,137 |
| Cash and equivalents, beginning of period | 6,974 | 7,024 | 7,464 | 8,601 |
| Cash and equivalents, end of period | 6,660 | 6,974 | 7,024 | 7,464 |
NIKE, Inc. (NKE)
NIKE, Inc. (NKE)