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Nike's tax expense for the months ended in Feb. 2024 was $232 Mil. Its tax expense for the trailing twelve months (TTM) ended in Feb. 2024 was $989 Mil.
The historical data trend for Nike's Tax Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nike Annual Data | |||||||||||||||||||||
Trend | May14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | May23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | 772.00 | 348.00 | 934.00 | 605.00 | 1,131.00 |
Nike Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Tax Expense | Get a 7-Day Free Trial | 237.00 | 215.00 | 198.00 | 344.00 | 232.00 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $989 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nike (NYSE:NKE) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of Nike's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark G Parker | officer: President | ONE BOWERMAN DR, BEAVERTON OR 97005 |
Robert Holmes Swan | director | C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125 |
Monique S. Matheson | officer: EVP: HR | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
Johanna Nielsen | officer: VP: CORP CONTROLLER | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
Matthew Friend | officer: EVP: CFO | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
Craig A. Williams | officer: PRES: GEOGRAPHIES & MRKTPLACE | 1680 CAPITAL ONE DR., MCLEAN VA 22102 |
Maria Henry | director | C/O THE HILLSHIRE BRANDS COMPANY, 3500 LACEY ROAD, DOWNERS GROVE IL 60515 |
Peter B. Henry | director | C/O NEW YORK UNIVERSITY/KAUFMAN MGT CNT, 44 WEST 4TH STREET, SUITE 11-160, NEW YORK CITY NY 10012 |
Monica Gil | director | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
Andrew Campion | officer: EVP: CFO, other: EVP: CFO | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
Rogers John W Jr | director | ARIEL CAPITAL MANAGEMENT, INC., 200 EAST RANDOLPH DRIVE, SUITE 2900, CHICAGO IL 60601 |
Ann M Miller | officer: EVP & General Counsel | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
Hilary K Krane | officer: VP General Counsel | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
Heidi O'neill | officer: PRES: CONSUMER AND MKTPLC | C/O SKULLCANDY, INC., 1441 WEST UTE BOULEVARD, SUITE 250, PARK CITY UT 84098 |
Elizabeth J Comstock | director | GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210 |
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