finmodeling 0.1 → 0.2
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- data/.gitignore +0 -0
- data/Gemfile +2 -0
- data/README.md +289 -269
- data/Rakefile +12 -0
- data/TODO.txt +113 -20
- data/examples/{dump_report.rb → dump_latest_10k.rb} +1 -1
- data/examples/list_disclosures.rb +50 -0
- data/examples/lists/nasdaq-mid-to-mega-tech-symbols.txt +0 -0
- data/examples/show_report.rb +112 -32
- data/examples/show_reports.rb +162 -33
- data/finmodeling.gemspec +4 -1
- data/lib/finmodeling/annual_report_filing.rb +97 -18
- data/lib/finmodeling/array_with_stats.rb +0 -0
- data/lib/finmodeling/assets_calculation.rb +12 -3
- data/lib/finmodeling/assets_item.rb +0 -0
- data/lib/finmodeling/assets_item_vectors.rb +0 -0
- data/lib/finmodeling/balance_sheet_analyses.rb +19 -4
- data/lib/finmodeling/balance_sheet_calculation.rb +52 -37
- data/lib/finmodeling/calculation_summary.rb +119 -14
- data/lib/finmodeling/can_cache_classifications.rb +0 -0
- data/lib/finmodeling/can_cache_summaries.rb +0 -0
- data/lib/finmodeling/can_choose_successive_periods.rb +15 -0
- data/lib/finmodeling/can_classify_rows.rb +0 -0
- data/lib/finmodeling/capm.rb +80 -0
- data/lib/finmodeling/cash_change_calculation.rb +3 -3
- data/lib/finmodeling/cash_change_item.rb +0 -0
- data/lib/finmodeling/cash_change_item_vectors.rb +0 -0
- data/lib/finmodeling/cash_change_summary_from_differences.rb +36 -0
- data/lib/finmodeling/cash_flow_statement_analyses.rb +36 -0
- data/lib/finmodeling/cash_flow_statement_calculation.rb +28 -52
- data/lib/finmodeling/classifiers.rb +2 -0
- data/lib/finmodeling/company.rb +0 -0
- data/lib/finmodeling/company_filing.rb +30 -7
- data/lib/finmodeling/company_filing_calculation.rb +16 -6
- data/lib/finmodeling/company_filings.rb +112 -46
- data/lib/finmodeling/comprehensive_income_calculation.rb +60 -0
- data/lib/finmodeling/comprehensive_income_statement_calculation.rb +74 -0
- data/lib/finmodeling/comprehensive_income_statement_item.rb +20 -0
- data/lib/finmodeling/comprehensive_income_statement_item_vectors.rb +235 -0
- data/lib/finmodeling/config.rb +0 -0
- data/lib/finmodeling/debt_cost_of_capital.rb +14 -0
- data/lib/finmodeling/equity_change_calculation.rb +43 -0
- data/lib/finmodeling/equity_change_item.rb +25 -0
- data/lib/finmodeling/equity_change_item_vectors.rb +156 -0
- data/lib/finmodeling/factory.rb +0 -0
- data/lib/finmodeling/fama_french_cost_of_equity.rb +119 -0
- data/lib/finmodeling/float_helpers.rb +14 -8
- data/lib/finmodeling/forecasted_reformulated_balance_sheet.rb +55 -0
- data/lib/finmodeling/forecasted_reformulated_income_statement.rb +110 -0
- data/lib/finmodeling/forecasts.rb +4 -4
- data/lib/finmodeling/has_string_classifer.rb +0 -0
- data/lib/finmodeling/income_statement_analyses.rb +23 -17
- data/lib/finmodeling/income_statement_calculation.rb +46 -43
- data/lib/finmodeling/income_statement_item.rb +1 -1
- data/lib/finmodeling/income_statement_item_vectors.rb +24 -13
- data/lib/finmodeling/invalid_filing_error.rb +4 -0
- data/lib/finmodeling/liabs_and_equity_calculation.rb +18 -8
- data/lib/finmodeling/liabs_and_equity_item.rb +1 -1
- data/lib/finmodeling/liabs_and_equity_item_vectors.rb +24 -24
- data/lib/finmodeling/linear_trend_forecasting_policy.rb +23 -0
- data/lib/finmodeling/net_income_calculation.rb +23 -10
- data/lib/finmodeling/net_income_summary_from_differences.rb +51 -0
- data/lib/finmodeling/paths.rb +0 -0
- data/lib/finmodeling/period_array.rb +8 -4
- data/lib/finmodeling/quarterly_report_filing.rb +9 -4
- data/lib/finmodeling/rate.rb +8 -0
- data/lib/finmodeling/ratio.rb +0 -0
- data/lib/finmodeling/reformulated_balance_sheet.rb +47 -88
- data/lib/finmodeling/reformulated_cash_flow_statement.rb +18 -41
- data/lib/finmodeling/reformulated_income_statement.rb +44 -206
- data/lib/finmodeling/reformulated_shareholder_equity_statement.rb +50 -0
- data/lib/finmodeling/reoi_valuation.rb +104 -0
- data/lib/finmodeling/shareholder_equity_statement_calculation.rb +34 -0
- data/lib/finmodeling/string_helpers.rb +18 -1
- data/lib/finmodeling/time_series_estimator.rb +25 -0
- data/lib/finmodeling/trailing_avg_forecasting_policy.rb +23 -0
- data/lib/finmodeling/version.rb +1 -1
- data/lib/finmodeling/weighted_avg_cost_of_capital.rb +35 -0
- data/lib/finmodeling/yahoo_finance_helpers.rb +20 -0
- data/lib/finmodeling.rb +33 -2
- data/spec/annual_report_filing_spec.rb +81 -45
- data/spec/assets_calculation_spec.rb +7 -4
- data/spec/assets_item_spec.rb +9 -14
- data/spec/balance_sheet_analyses_spec.rb +13 -13
- data/spec/balance_sheet_calculation_spec.rb +45 -51
- data/spec/calculation_summary_spec.rb +113 -21
- data/spec/can_classify_rows_spec.rb +0 -0
- data/spec/cash_change_calculation_spec.rb +1 -10
- data/spec/cash_change_item_spec.rb +10 -18
- data/spec/cash_flow_statement_calculation_spec.rb +10 -24
- data/spec/company_beta_spec.rb +53 -0
- data/spec/company_filing_calculation_spec.rb +39 -49
- data/spec/company_filing_spec.rb +0 -0
- data/spec/company_filings_spec.rb +75 -25
- data/spec/company_spec.rb +37 -47
- data/spec/comprehensive_income_statement_calculation_spec.rb +54 -0
- data/spec/comprehensive_income_statement_item_spec.rb +56 -0
- data/spec/debt_cost_of_capital_spec.rb +19 -0
- data/spec/equity_change_calculation_spec.rb +33 -0
- data/spec/equity_change_item_spec.rb +58 -0
- data/spec/factory_spec.rb +2 -2
- data/spec/forecasts_spec.rb +2 -2
- data/spec/income_statement_analyses_spec.rb +23 -21
- data/spec/income_statement_calculation_spec.rb +17 -49
- data/spec/income_statement_item_spec.rb +17 -29
- data/spec/liabs_and_equity_calculation_spec.rb +6 -3
- data/spec/liabs_and_equity_item_spec.rb +14 -22
- data/spec/linear_trend_forecasting_policy_spec.rb +37 -0
- data/spec/matchers/custom_matchers.rb +79 -0
- data/spec/mocks/calculation.rb +0 -0
- data/spec/mocks/income_statement_analyses.rb +0 -0
- data/spec/mocks/sec_query.rb +0 -0
- data/spec/net_income_calculation_spec.rb +16 -10
- data/spec/period_array.rb +0 -0
- data/spec/quarterly_report_filing_spec.rb +21 -38
- data/spec/rate_spec.rb +0 -0
- data/spec/ratio_spec.rb +0 -0
- data/spec/reformulated_balance_sheet_spec.rb +56 -33
- data/spec/reformulated_cash_flow_statement_spec.rb +18 -10
- data/spec/reformulated_income_statement_spec.rb +16 -15
- data/spec/reformulated_shareholder_equity_statement_spec.rb +43 -0
- data/spec/reoi_valuation_spec.rb +146 -0
- data/spec/shareholder_equity_statement_calculation_spec.rb +59 -0
- data/spec/spec_helper.rb +4 -1
- data/spec/string_helpers_spec.rb +15 -13
- data/spec/time_series_estimator_spec.rb +61 -0
- data/spec/trailing_avg_forecasting_policy_spec.rb +37 -0
- data/spec/weighted_avg_cost_of_capital_spec.rb +32 -0
- data/tools/create_equity_change_training_vectors.rb +49 -0
- data/tools/time_specs.sh +7 -0
- metadata +182 -36
- data/lib/finmodeling/constant_forecasting_policy.rb +0 -23
- data/lib/finmodeling/generic_forecasting_policy.rb +0 -19
- data/spec/constant_forecasting_policy_spec.rb +0 -37
- data/spec/generic_forecasting_policy_spec.rb +0 -33
data/README.md
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## Overview
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FinModeling is
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FinModeling is an equity valuation framework. It can retrieve and parse [XBRL](http://en.wikipedia.org/wiki/XBRL)-based filings from SEC Edgar. As of March 2013, it can successfully parse the last 2-5 years of quarterly and annual filings from 52% of the Nasdaq 100 companies. (The remainder fail due to a long-tail distribution of filing formatting peculiarities for which I haven't yet written special-case code to handle.)
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## Features
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- Pulls annual (10-k) and quarterly (10-q) financial reports from SEC
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- Pulls annual (10-k) and quarterly (10-q) financial reports from SEC Edgar
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- Uses Naive Bayes Classifiers to classify financial statement items
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- trained on medium-to-large NASDAQ tech companies
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- Reformulates GAAP statements to better highlight enterprise value
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- Generates forecasts based on analysis of historical performance
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- Calculates cost of capital using either [CAPM](http://en.wikipedia.org/wiki/Capital_asset_pricing_model) or [Fama/French](http://en.wikipedia.org/wiki/Fama%E2%80%93French_three-factor_model) cost of equity, and [WACC](http://en.wikipedia.org/wiki/Weighted_average_cost_of_capital)
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- Performs residual operating income-based valuation.
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## Example 1:
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## Example 1: Valuing Oracle's Common Equity, Based on 4 Quarters of History and 2 Quarters of Forecasts
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After running "rake install" (to build and install the 'finmodeling' gem), you can run:
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$ ./examples/show_reports.rb --num-forecasts 2 --do-valuation orcl 2012-02-01
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Forecasting 2 periods
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Doing valuation
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company name: ORACLE CORP
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2012-02-29 2012-05-31 2012-08-31 2012-11-30 2013-02-28E 2013-05-28E
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NOA ($MM) 29,250.0 32,172.0 29,172.0 31,703.0 31,072.0 33,307.0
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NFA ($MM) 14,016.0 11,915.0 14,564.0 11,707.0 14,672.0 15,375.0
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Minority Interest 393.0 399.0 407.0 427.0 0.0 0.0
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($MM)
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CSE ($MM) 42,873.0 43,688.0 43,329.0 42,983.0 45,743.0 48,682.0
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Composition Ratio 2.0869 2.7001 2.0030 2.7080 2.1177 2.1663
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NOA Growth 0.4590 -0.3218 0.3961 -0.0783 0.3296
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CSE Growth 0.0775 -0.0322 -0.0316 0.2871 0.2909
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2012-02-29 2012-05-31 2012-08-31 2012-11-30 2013-02-28E 2013-05-28E
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Revenue ($MM) 9,039.0 10,916.0 8,181.0 9,094.0 9,748.0 10,450.0
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Core OI ($MM) 2,674.0 3,636.0 2,076.0 2,712.0 2,870.0 3,076.0
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OI ($MM) 2,608.0 3,590.0 2,149.0 2,705.0
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FI ($MM) -110.0 -138.0 -115.0 -124.0 -110.0 -137.0
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NI ($MM) 2,498.0 3,452.0 2,034.0 2,581.0 2,760.0 2,939.0
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Gross Margin 0.6008 0.6238 0.5941 0.6077
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Sales PM 0.2958 0.3330 0.2537 0.2981 0.2943 0.2943
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Operating PM 0.2885 0.3288 0.2626 0.2974
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FI / Sales -0.0121 -0.0126 -0.0140 -0.0136 -0.0112 -0.0131
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NI / Sales 0.2763 0.3162 0.2486 0.2838 0.2831 0.2812
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Sales / NOA 1.4806 1.0199 1.2642 1.2610 1.3949
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FI / NFA -0.0390 -0.0387 -0.0345 -0.0383 -0.0388
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Revenue Growth 1.1139 -0.6815 0.5286 0.3254 0.3296
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Core OI Growth 2.3835 -0.8918 1.9216 0.2582 0.3296
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OI Growth 2.5532 -0.8693 1.5169
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ReOI ($MM) 2,879.0 1,367.0 2,004.0 2,116.0 2,346.0
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Unknown... 2012-05-31 2012-08-31 2012-11-30
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C ($MM) 4,057.0 5,431.0 677.0
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I ($MM) -10,966.0 -7,304.0 -11,021.0
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d ($MM) 9,358.0 4,662.0 13,363.0
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F ($MM) -2,449.0 -2,789.0 -3,019.0
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FCF ($MM) -6,909.0 -1,873.0 -10,344.0
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NI / C 0.8508 0.3745 3.8124
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Cost of Capital
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2013-03-10
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Market Value of 169,100.0
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Equity ($MM)
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Market Value of 23,663.0
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Debt ($MM)
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Cost of Equity (%) 7.30
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Cost of Debt (%) 3.20
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Weighted Avg Cost 6.79
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of Capital (%)
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ReOI Valuation
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2012-11-30 2013-02-28 2013-05-28E
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ReOI ($MM) 2,352.0 2,574.0
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PV(ReOI) ($MM) 2,356.0
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CV ($MM) 37,886.0
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PV(CV) ($MM) 37,954.0
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Book Value of 42,983.0
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Common Equity
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($MM)
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Enterprise Value 83,293.0
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($MM)
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NFA ($MM) 11,707.0
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Value of Common 95,000.0
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Equity ($MM)
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# Shares (MM) 4,735.0
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Value / Share ($) 20.06
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## Example 2: More Detailed Analysis of Apple's Financials Since 2012-02-01
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$ ./examples/show_reports.rb --balance-detail --income-detail --show-regressions aapl 2012-02-01
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Balance sheet detail is enabled
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Net income detail is enabled
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Showing regressions
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company name: APPLE INC
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2012-03-31 2012-06-30 2012-09-29 2012-12-29
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A ($MM) 150,934.0 162,896.0 176,064.0 196,088.0
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L ($MM) 48,436.0 51,150.0 57,854.0 68,742.0
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NOA ($MM) -9,931.0 -7,784.0 -5,624.0 -12,661.0
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OA ($MM) 38,505.0 43,366.0 52,230.0 56,081.0
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OL ($MM) 48,436.0 51,150.0 57,854.0 68,742.0
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NFA ($MM) 112,429.0 119,530.0 123,834.0 140,007.0
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FA ($MM) 112,429.0 119,530.0 123,834.0 140,007.0
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FL ($MM) 0.0 0.0 0.0 0.0
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Minority Interest 0.0 0.0 0.0 0.0
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($MM)
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CSE ($MM) 102,498.0 111,746.0 118,210.0 127,346.0
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Composition Ratio -0.0883 -0.0651 -0.0454 -0.0904
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NOA Δ ($MM) 2,147.0 2,160.0 -7,037.0
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CSE Δ ($MM) 9,248.0 6,464.0 9,136.0
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NOA Growth -0.6235 -0.7284 24.9157
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CSE Growth 0.4140 0.2530 0.3479
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NOA growth: a:-4.9150, b:12.7696, r:0.8642, var:145.5436
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2012-03-31 2012-06-30 2012-09-29 2012-12-29
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Revenue ($MM) 39,186.0 35,023.0 35,966.0 54,512.0
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COGS ($MM) -20,622.0 -20,029.0 -21,565.0 -33,452.0
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GM ($MM) 18,564.0 14,994.0 14,401.0 21,060.0
|
122
|
+
OE ($MM) -3,180.0 -3,421.0 -3,457.0 -3,850.0
|
123
|
+
OISBT ($MM) 15,384.0 11,573.0 10,944.0 17,210.0
|
124
|
+
Core OI ($MM) 11,526.0 8,637.0 8,256.0 12,778.0
|
125
|
+
OI ($MM) 11,526.0 8,637.0 8,256.0 12,778.0
|
126
|
+
FI ($MM) 96.0 187.0 -33.0 300.0
|
127
|
+
NI ($MM) 11,622.0 8,824.0 8,223.0 13,078.0
|
128
|
+
Gross Margin 0.4737 0.4281 0.4004 0.3863
|
129
|
+
Sales PM 0.2941 0.2466 0.2295 0.2344
|
130
|
+
Operating PM 0.2941 0.2466 0.2295 0.2344
|
131
|
+
FI / Sales 0.0024 0.0053 -0.0009 0.0055
|
132
|
+
NI / Sales 0.2965 0.2519 0.2286 0.2399
|
133
|
+
Sales / NOA -14.3024 -18.5327 -39.3094
|
134
|
+
FI / NFA 0.0067 -0.0011 0.0098
|
135
|
+
Revenue Growth -0.3626 0.1124 4.3013
|
136
|
+
Core OI Growth -0.6856 -0.1653 4.7648
|
137
|
+
OI Growth -0.6856 -0.1653 4.7648
|
138
|
+
ReOI ($MM) 8,876.0 8,443.0 12,913.0
|
139
|
+
|
140
|
+
operating pm: a:0.2806, b:-0.0196, r:-0.8581, var:0.0006
|
141
|
+
sales / noa: a:-11.5447, b:-12.5035, r:-0.9341, var:119.4351
|
142
|
+
revenue growth: a:-0.9816, b:2.3320, r:0.9085, var:4.3917
|
143
|
+
fi / nfa: a:0.0036, b:0.0015, r:0.2729, var:2.1244e-05
|
144
|
+
|
145
|
+
Unknown... 2012-06-30 2012-09-29 2012-12-29
|
146
|
+
C ($MM) 10,189.0 9,136.0 23,426.0
|
147
|
+
I ($MM) -2,971.0 -3,493.0 -2,791.0
|
148
|
+
d ($MM) -7,163.0 -6,109.0 -18,631.0
|
149
|
+
F ($MM) -55.0 466.0 -2,004.0
|
150
|
+
FCF ($MM) 7,218.0 5,643.0 20,635.0
|
151
|
+
NI / C 0.8660 0.9000 0.5582
|
152
|
+
|
153
|
+
## Example 3: Raw Numbers From Nike's Last 10-Q, Including Disclosures
|
154
|
+
|
155
|
+
$ ./examples/show_report.rb --show-disclosures NKE 10-q 0
|
156
|
+
Showing disclosures
|
157
|
+
company name: NIKE INC
|
158
|
+
url: http://www.sec.gov/Archives/edgar/data/320187/000119312513008172/0001193125-13-008172-index.htm
|
159
|
+
Balance Sheet (2012-11-30)
|
160
|
+
Assets (us-gaap_Assets_1)
|
161
|
+
[fa] Cash And Cash Equivalents At Carrying Value 2,291,000,000.0
|
162
|
+
[fa] Available For Sale Securities Current 1,234,000,000.0
|
163
|
+
[oa] Accounts Receivable Net Current 3,188,000,000.0
|
164
|
+
[oa] Inventory Finished Goods Net Of Reserves 3,318,000,000.0
|
165
|
+
[fa] Deferred Tax Assets Net Current 327,000,000.0
|
166
|
+
[oa] Prepaid Expense And Other Assets Current 733,000,000.0
|
167
|
+
[oa] Assets Of Disposal Group Including Discontinued 344,000,000.0
|
168
|
+
Operation Current
|
169
|
+
[oa] Property Plant And Equipment Gross 5,310,000,000.0
|
170
|
+
[oa] Accumulated Depreciation Depletion And Amortization -3,052,000,000.0
|
171
|
+
Property Plant And Equipment
|
172
|
+
[oa] Intangible Assets Net Excluding Goodwill 374,000,000.0
|
173
|
+
[oa] Goodwill 131,000,000.0
|
174
|
+
[fa] Deferred Income Taxes And Other Assets Noncurrent 973,000,000.0
|
175
|
+
Total 15,171,000,000.0
|
176
|
+
|
177
|
+
Liabilities And Stockholders Equity (us-gaap_LiabilitiesAndStockholdersEquity_1)
|
178
|
+
[fl] Long Term Debt Current 58,000,000.0
|
179
|
+
[fl] Short Term Borrowings 100,000,000.0
|
180
|
+
[ol] Accounts Payable Current 1,519,000,000.0
|
181
|
+
[ol] Accrued Liabilities Current 1,879,000,000.0
|
182
|
+
[fl] Accrued Income Taxes Current 45,000,000.0
|
183
|
+
[ol] Liabilities Of Disposal Group Including Discontinued 198,000,000.0
|
184
|
+
Operation Current
|
185
|
+
[fl] Long Term Debt Noncurrent 170,000,000.0
|
186
|
+
[fl] Deferred Income Taxes And Other Liabilities Noncurrent 1,188,000,000.0
|
187
|
+
[ol] Commitments And Contingencies 0.0
|
188
|
+
[fl] Temporary Equity Carrying Amount Attributable To Parent 0.0
|
189
|
+
[cse] Stockholders Equity 10,014,000,000.0
|
190
|
+
Total 15,171,000,000.0
|
191
|
+
|
147
192
|
Net Operational Assets
|
148
|
-
|
149
|
-
|
150
|
-
|
151
|
-
|
193
|
+
OA 10,346,000,000.0
|
194
|
+
OL -3,596,000,000.0
|
195
|
+
Total 6,750,000,000.0
|
196
|
+
|
152
197
|
Net Financial Assets
|
153
|
-
|
154
|
-
|
155
|
-
|
156
|
-
|
198
|
+
FA 4,825,000,000.0
|
199
|
+
FL -1,561,000,000.0
|
200
|
+
Total 3,264,000,000.0
|
201
|
+
|
157
202
|
Common Shareholders' Equity
|
158
|
-
|
159
|
-
|
160
|
-
|
161
|
-
|
162
|
-
|
163
|
-
|
164
|
-
|
165
|
-
|
166
|
-
|
167
|
-
|
168
|
-
|
169
|
-
|
170
|
-
|
171
|
-
|
172
|
-
|
173
|
-
|
174
|
-
|
175
|
-
[fibt] Other Nonoperating Income -817,000.0
|
176
|
-
[fibt] Interest Expense -17,020,000.0
|
177
|
-
[fibt] Gain Loss On Investments 1,590,000.0
|
178
|
-
[tax] Income Tax Expense Benefit -51,496,000.0
|
179
|
-
Total 234,591,000.0
|
180
|
-
|
203
|
+
NOA 6,750,000,000.0
|
204
|
+
NFA 3,264,000,000.0
|
205
|
+
MI -0.0
|
206
|
+
Total 10,014,000,000.0
|
207
|
+
|
208
|
+
Income Statement (2012-09-01 to 2012-11-30)
|
209
|
+
Net Income Loss (us-gaap_NetIncomeLoss_3)
|
210
|
+
[or] Sales Revenue Net 5,955,000,000.0
|
211
|
+
[cogs] Cost Of Goods Sold -3,425,000,000.0
|
212
|
+
[oe] Marketing And Advertising Expense -613,000,000.0
|
213
|
+
[oe] General And Administrative Expense -1,223,000,000.0
|
214
|
+
[fibt] Interest Income Expense Nonoperating Net 1,000,000.0
|
215
|
+
[fibt] Other Nonoperating Income Expense 17,000,000.0
|
216
|
+
[tax] Income Tax Expense Benefit -191,000,000.0
|
217
|
+
[fiat] Income Loss From Discontinued Operations Net Of Tax -137,000,000.0
|
218
|
+
Total 384,000,000.0
|
219
|
+
|
181
220
|
Gross Revenue
|
182
|
-
|
183
|
-
|
184
|
-
|
185
|
-
|
221
|
+
Operating Revenues (OR) 5,955,000,000.0
|
222
|
+
Cost of Goods Sold (COGS) -3,425,000,000.0
|
223
|
+
Total 2,530,000,000.0
|
224
|
+
|
186
225
|
Operating Income from sales, before tax (OISBT)
|
187
|
-
|
188
|
-
|
189
|
-
|
190
|
-
|
226
|
+
Gross Margin (GM) 2,530,000,000.0
|
227
|
+
Operating Expense (OE) -1,836,000,000.0
|
228
|
+
Total 694,000,000.0
|
229
|
+
|
191
230
|
Operating Income from sales, after tax (OISAT)
|
192
|
-
|
193
|
-
|
194
|
-
|
195
|
-
|
196
|
-
|
197
|
-
|
231
|
+
Operating income from sales (before tax) 694,000,000.0
|
232
|
+
Reported taxes -191,000,000.0
|
233
|
+
Taxes on net financing income 6,300,000.0
|
234
|
+
Taxes on other operating income 0.0
|
235
|
+
Total 509,300,000.0
|
236
|
+
|
198
237
|
Operating income, after tax (OI)
|
199
|
-
|
200
|
-
|
201
|
-
|
202
|
-
|
203
|
-
|
204
|
-
|
238
|
+
Operating income after sales, after tax (OISAT) 509,300,000.0
|
239
|
+
Other operating income, before tax (OIBT) 0.0
|
240
|
+
Tax on other operating income -0.0
|
241
|
+
Other operating income, after tax (OOIAT) 0.0
|
242
|
+
Total 509,300,000.0
|
243
|
+
|
205
244
|
Net financing income, after tax (NFI)
|
206
|
-
|
207
|
-
|
208
|
-
|
209
|
-
|
210
|
-
|
211
|
-
Comprehensive (CI)
|
212
|
-
|
213
|
-
|
214
|
-
|
215
|
-
|
216
|
-
|
217
|
-
|
218
|
-
|
219
|
-
|
220
|
-
|
221
|
-
|
222
|
-
|
223
|
-
|
224
|
-
|
225
|
-
|
226
|
-
|
227
|
-
|
228
|
-
|
229
|
-
|
230
|
-
|
231
|
-
|
232
|
-
|
233
|
-
|
234
|
-
|
235
|
-
|
236
|
-
|
237
|
-
|
238
|
-
|
239
|
-
|
240
|
-
|
241
|
-
|
242
|
-
|
243
|
-
|
244
|
-
|
245
|
-
|
246
|
-
|
247
|
-
|
248
|
-
|
249
|
-
|
250
|
-
|
251
|
-
|
252
|
-
|
253
|
-
|
254
|
-
|
255
|
-
|
256
|
-
|
257
|
-
|
258
|
-
|
259
|
-
|
260
|
-
|
261
|
-
|
262
|
-
|
263
|
-
|
264
|
-
|
265
|
-
|
266
|
-
|
267
|
-
|
268
|
-
|
269
|
-
|
270
|
-
|
271
|
-
|
272
|
-
|
273
|
-
|
274
|
-
[d] Effect Of Exchange Rate On Cash And Cash Equivalents -194,000.0
|
275
|
-
[d] Investment in Cash and Equivalents -150,265,000.0
|
276
|
-
Total -20,966,000.0
|
277
|
-
|
278
|
-
Payments to stockholders
|
279
|
-
[f] Payments For Repurchase Of Common Stock -125,000,000.0
|
280
|
-
[f] Proceeds From Sale Of Treasury Stock 40,651,000.0
|
281
|
-
Total -84,349,000.0
|
282
|
-
|
283
|
-
Free Cash Flow
|
284
|
-
Cash from Operations (C) 332,102,000.0
|
285
|
-
Cash Investment in Operations (I) -226,787,000.0
|
286
|
-
Total 105,315,000.0
|
287
|
-
|
288
|
-
Financing Flows
|
289
|
-
Payments to debtholders (d) -20,966,000.0
|
290
|
-
Payments to stockholders (F) -84,349,000.0
|
291
|
-
Total -105,315,000.0
|
292
|
-
|
245
|
+
Financing income, before tax (FIBT) 18,000,000.0
|
246
|
+
Tax effect (FIBT_TAX_EFFECT) -6,300,000.0
|
247
|
+
Financing income, after tax (FIAT) -137,000,000.0
|
248
|
+
Total -125,300,000.0
|
249
|
+
|
250
|
+
Comprehensive income (CI)
|
251
|
+
Operating income, after tax (OI) 509,300,000.0
|
252
|
+
Net financing income, after tax (NFI) -125,300,000.0
|
253
|
+
Total 384,000,000.0
|
254
|
+
|
255
|
+
WARNING: cash flow statement period is nil!
|
256
|
+
WARNING: reformulated cash flow statement period is nil!
|
257
|
+
Disclosures
|
258
|
+
Disclosure Identifiable Intangible Asset Balances (http://www.nikeinc.com/taxonomy/role/DisclosureIdentifiableIntangibleAssetBalances)
|
259
|
+
Finite Lived Intangible Assets Gross 169,000,000.0
|
260
|
+
Finite Lived Intangible Assets Accumulated Amortization 78,000,000.0
|
261
|
+
Indefinite Lived Trademarks 283,000,000.0
|
262
|
+
Total 530,000,000.0
|
263
|
+
|
264
|
+
Disclosure Accrued Liabilities (http://www.nikeinc.com/taxonomy/role/DisclosureAccruedLiabilities)
|
265
|
+
Accrued Compensation And Benefits Excluding Taxes Current 502,000,000.0
|
266
|
+
Accrued Taxes Other Than Income Taxes Current 238,000,000.0
|
267
|
+
Accrued Endorsement Liabilities Current 212,000,000.0
|
268
|
+
Dividends Payable Current 188,000,000.0
|
269
|
+
Accrued Marketing Costs Current 137,000,000.0
|
270
|
+
Accrued Import And Logistics Costs Current 124,000,000.0
|
271
|
+
Derivative Liabilities Current 83,000,000.0
|
272
|
+
Other Accrued Liabilities Current 395,000,000.0
|
273
|
+
Total 1,879,000,000.0
|
274
|
+
|
275
|
+
Disclosure Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (http://www.nikeinc.com/taxonomy/role/DisclosureFinancialAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasis)
|
276
|
+
Derivative Fair Value Of Derivative Asset 129,000,000.0
|
277
|
+
Total 129,000,000.0
|
278
|
+
|
279
|
+
Disclosure Reconciliation From Basic Earnings Per Share To Diluted Earnings Per Share (http://www.nikeinc.com/taxonomy/role/DisclosureReconciliationFromBasicEarningsPerShareToDilutedEarningsPerShare)
|
280
|
+
Income Loss From Continuing Operations Per Basic Share 0.58
|
281
|
+
Income Loss From Discontinued Operations Net Of Tax Per -0.15
|
282
|
+
Basic Share
|
283
|
+
Income Loss From Continuing Operations Per Diluted Share 0.57
|
284
|
+
Income Loss From Discontinued Operations Net Of Tax Per -0.15
|
285
|
+
Diluted Share
|
286
|
+
Weighted Average Number Of Shares Outstanding Basic 897,000,000.0
|
287
|
+
Incremental Common Shares Attributable To Share Based 16,100,000.0
|
288
|
+
Payment Arrangements
|
289
|
+
Total 913,100,000.85
|
290
|
+
|
291
|
+
Disclosure Components Of Assets And Liabilities Classified As Held For Sale (http://www.nikeinc.com/taxonomy/role/DisclosureComponentsOfAssetsAndLiabilitiesClassifiedAsHeldForSale)
|
292
|
+
Disposal Group Including Discontinued Operation Accounts 129,000,000.0
|
293
|
+
Notes And Loans Receivable Net
|
294
|
+
Disposal Group Including Discontinued Operation Inventory 130,000,000.0
|
295
|
+
Disposal Group Including Discontinued Operation Deferred 32,000,000.0
|
296
|
+
Income Taxes And Other Assets
|
297
|
+
Disposal Group Including Discontinued Operation Property 53,000,000.0
|
298
|
+
Plant And Equipment Net
|
299
|
+
Disposal Group Including Discontinued Operation Intangible 0.0
|
300
|
+
Assets Net
|
301
|
+
Disposal Group Including Discontinued Operation Accounts 39,000,000.0
|
302
|
+
Payable
|
303
|
+
Disposal Group Including Discontinued Operation Accrued 127,000,000.0
|
304
|
+
Liabilities
|
305
|
+
Disposal Group Including Discontinued Operation Deferred 32,000,000.0
|
306
|
+
Income Taxes Payable And Other Liabilities
|
307
|
+
Total 542,000,000.0
|
308
|
+
|
309
|
+
Disclosure Information By Operating Segments (http://www.nikeinc.com/taxonomy/role/DisclosureInformationByOperatingSegments)
|
310
|
+
Earnings Before Interest And Taxes 711,000,000.0
|
311
|
+
Interest Income Expense Nonoperating Net 1,000,000.0
|
312
|
+
Total 712,000,000.0
|