Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
acquisition, adult, alan, andNote, begun, beneficiary, Bragano, Bulletin, certiorari, CH, classic, Coleman, contributor, deadline, depressed, desired, discovery, driver, earlier, Eastern, economy, EITF, enforceability, enjoy, enlarged, ensure, excuse, expert, fashion, fast, fee, FIN, footnote, foregoing, foreseeable, fulfill, graf, grown, guarantor, heightened, HR, Indirect, Informationin, injected, inNote, instance, Internet, intrinsic, Italia, Johnson, judgment, maternity, modified, motion, Notification, obsolescence, pair, permitted, platform, post, prejudice, Premerger, proceed, processed, RATIFICATION, realign, realignment, rebound, reclassification, reiterating, resolve, Resource, role, settled, settlement, site, slowdown, storage, succeeding, successfully, successor, supervision, tangible, Task, Trevor, trial, Trust, underway, underwent, vacating, voluntarily, wake, wear, web, Wesley, wrongdoing
Filing tables
Filing exhibits
- 10-K Annual report
- 10.14 Amendment to Employment Agreement
- 10.16 Covenant Not to Compete and Non-disclosure Agreement
- 10.17 Amendment to Covenant Not to Compete and Non-disclosure Agreement
- 12.1 Computation of Earnings to Fixed Charges
- 21 Subsidiaries of the Registrant
- 31 Rule 13A-14(A) Certifications
- 32 Section 1350 Certifications
NKE similar filings
Filing view
External links
EXHIBIT 12.1
NIKE, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended May 31, | |||||||||
2003 | 2002 | 2001 | |||||||
(In millions) | |||||||||
Net income | $ | 474.0 | $ | 663.3 | $ | 589.7 | |||
Income taxes | 382.9 | 349.0 | 331.7 | ||||||
Cumulative change in accounting principle | 266.1 | 5.0 | — | ||||||
Income before income taxes and cumulative change | 1,123.0 | 1,017.3 | 921.4 | ||||||
Add fixed charges | |||||||||
Interest expense (A) | 43.7 | 49.3 | 67.1 | ||||||
Interest component of leases (B) | 61.1 | 53.3 | 50.7 | ||||||
Total fixed charges | 104.8 | 102.6 | 117.8 | ||||||
Earnings before income taxes and fixed charges (C) | $ | 1,227.0 | $ | 1,118.2 | $ | 1,030.8 | |||
Ratio of earnings to total fixed charges | 11.7 | 10.9 | 8.8 | ||||||
(A) | Interest expense includes interest both expensed and capitalized. |
(B) | Interest component of leases includes one-third of rental expense, which approximates the interest component of operating leases. |
(C) | Earnings before income taxes and fixed charges is exclusive of capitalized interest. |