Does this amendment change NIKE's reported financial results for fiscal 1998?

The excerpt does not show any changes to reported results. It restates the auditor's report and the exhibit and financial statement index. The financial statements themselves are not included in this amendment, so this excerpt cannot confirm whether any figures were revised.

What did the auditor conclude about NIKE's financial statements?

PricewaterhouseCoopers LLP gave an unqualified opinion. In its view, the statements fairly present NIKE's financial position at May 31, 1998 and 1997 and its results of operations and cash flows for the three years ended May 31, 1998, in conformity with generally accepted accounting principles.

How much of NIKE's stock was held by outside investors, and how many shares were outstanding?

As of July 24, 1998, nonaffiliates held Class A stock worth about $194.3 million and Class B stock worth about $8.32 billion. NIKE had 101.4 million Class A shares and 185.8 million Class B shares outstanding. These are the only equity figures in the excerpt.

Where can investors find NIKE's fiscal 1998 income statement, balance sheet, and cash flow data?

These statements are in the original Form 10-K for the fiscal year ended May 31, 1998, on the pages listed in the index (pages 23 to 26). They are not reproduced in this 10-K/A excerpt.

NKE 10-K FY1998 Annual Report — Revenue, Net Income, EPS

01—Abstract

Summary

Summary of the 10-K/A filed March 5, 1999. Cited figures are marked; the original filing is the authoritative source.

This document is an amendment (Form 10-K/A) to NIKE, Inc.'s annual report for the fiscal year ended May 31, 1998.

It does not contain NIKE's financial results. It restates only the Report of Independent Accountants, from PricewaterhouseCoopers LLP and dated June 30, 1998, which gives an unqualified opinion that the financial statements present fairly NIKE's financial position at May 31, 1998 and 1997 and its results and cash flows for the three years then ended. It also revises the Item 14 exhibits and financial statement index, which lists the income statement, balance sheet, cash flow statement, shareholders' equity statement, and notes.

None of those statements appear in the text provided, so no revenue, earnings, margin, debt, or cash flow figures can be drawn from it. The cover page supplies only limited market and share data as of July 24, 1998. Class A common stock held by nonaffiliates had an aggregate market value of about $194.3 million^a, and Class B stock held by nonaffiliates had about $8.32 billion.

Outstanding shares were 101.4 million Class A and 185.8 million Class B, about 287 million in total. Class B is the class registered on the New York Stock Exchange and the Pacific Stock Exchange. The filing also notes that Part III information is incorporated by reference from the proxy statement dated August 13, 1998.

Investors who need NIKE's fiscal 1998 operating performance should consult the complete original 10-K, which contains the financial statements and MD&A. The request describes a March 5, 1999 filing date, but this document shows no filing date, and its supporting data are dated July 1998, so that date should be verified against EDGAR.

02—Key points

Key Highlights

This 10-K/A amends only the auditor's report and the Item 14 exhibits and financial statement index; it contains no income statement, balance sheet, or cash flow data.
PricewaterhouseCoopers LLP issued an unqualified opinion, dated June 30, 1998, that NIKE's financial statements for fiscal years ended May 31, 1998, 1997, and 1996 are fairly presented in conformity with GAAP.
Aggregate market value of nonaffiliate stock as of July 24, 1998 was about $194.3 million for Class A and about $8.32 billion for Class B.
Shares outstanding as of July 24, 1998 were 101,392,108 Class A and 185,837,019 Class B, roughly 287 million shares in total.
Class B common stock is listed on the New York Stock Exchange and the Pacific Stock Exchange.
Financial statement schedules II (Valuation and Qualifying Accounts) and IX (Short-Term Borrowings) are listed in the index but not included in this excerpt.
Part III governance and compensation information is incorporated by reference from the proxy statement dated August 13, 1998, for the September 23, 1998 annual meeting.

03—Questions

Frequently Asked Questions

Does this amendment change NIKE's reported financial results for fiscal 1998?
The excerpt does not show any changes to reported results. It restates the auditor's report and the exhibit and financial statement index. The financial statements themselves are not included in this amendment, so this excerpt cannot confirm whether any figures were revised.
What did the auditor conclude about NIKE's financial statements?
PricewaterhouseCoopers LLP gave an unqualified opinion. In its view, the statements fairly present NIKE's financial position at May 31, 1998 and 1997 and its results of operations and cash flows for the three years ended May 31, 1998, in conformity with generally accepted accounting principles.
How much of NIKE's stock was held by outside investors, and how many shares were outstanding?
As of July 24, 1998, nonaffiliates held Class A stock worth about $194.3 million and Class B stock worth about $8.32 billion. NIKE had 101.4 million Class A shares and 185.8 million Class B shares outstanding. These are the only equity figures in the excerpt.
Where can investors find NIKE's fiscal 1998 income statement, balance sheet, and cash flow data?
These statements are in the original Form 10-K for the fiscal year ended May 31, 1998, on the pages listed in the index (pages 23 to 26). They are not reproduced in this 10-K/A excerpt.

04—Continue

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