EX-99.2 3 exhibit992.htm SCHEDULE OF RECLASSIFIED OPERATING SEGMENT DATA ? INCOME BEFORE INTEREST AND TAXES (UNAUDITED) exhibit992.htm
 
EXHIBIT 99.2
 
NIKE, INC.
Schedule of Reclassified Operating Segment Data - Earnings Before Interest and Taxes 1, 2, 3
(Unaudited)
 
 
 
 
1st Quarter
   
2nd Quarter
   
3rd Quarter
   
4th Quarter
   
Full Year
 
(Amounts in millions)
FY09
   
FY08
   
% Change
   
FY09
   
FY08
   
% Change
   
FY09
   
FY08
   
% Change
   
FY09
   
FY08
   
% Change
   
FY09
   
FY08
   
% Change
 
 
                                                                                       
North America
$ 373.6     $ 360.3       4 %   $ 265.7     $ 320.7       -17 %   $ 388.1     $ 364.8       6 %   $ 401.9     $ 414.6       -3 %   $ 1,429.3     $ 1,460.4       -2 %
Western Europe
  323.0       298.7       8 %     183.7       162.6       13 %     199.6       236.7       -16 %     232.8       224.5       4 %     939.1       922.5       2 %
Central and Eastern Europe
  126.8       80.8       57 %     100.3       69.0       45 %     95.0       97.1       -2 %     93.0       111.5       -17 %     415.1       358.4       16 %
Greater China
  138.8       100.2       39 %     135.5       100.5       35 %     145.3       121.8       19 %     155.6       108.2       44 %     575.2       430.7       34 %
Japan
  37.9       38.1       -1 %     55.2       47.4       16 %     47.3       34.6       37 %     65.0       58.8       11 %     205.4       178.9       15 %
Emerging Markets
  72.9       76.6       -5 %     121.2       91.5       32 %     70.7       76.5       -8 %     77.8       62.0       25 %     342.6       306.6       12 %
Global Brand Divisions4
  (198.7 )     (163.7 )     -21 %     (177.3 )     (176.3 )     -1 %     (224.2 )     (187.5 )     -20 %     (211.3 )     (209.3 )     -1 %     (811.5 )     (736.8 )     -10 %
                                                                                                                       
Total NIKE Brand
  874.3       791.0       11 %     684.3       615.4       11 %     721.8       744.0       -3 %     814.8       770.3       6 %     3,095.2       2,920.7       6 %
                                                                                                                       
Other Businesses5
  86.6       93.0       -7 %     21.3       69.4       -69 %     (342.9 )     103.4       -432 %     42.4       92.8       -54 %     (192.6 )     358.6       -154 %
Corporate Expense6
  (256.8 )     (238.3 )     -8 %     (190.0 )     (192.3 )     1 %     (140.5 )     (197.4 )     29 %     (368.3 )     (225.5 )     -63 %     (955.6 )     (853.5 )     -12 %
                                                                                                                       
Total earnings before interest and taxes 1,2,3
$ 704.1     $ 645.7       9 %   $ 515.6     $ 492.5       5 %   $ 238.4     $ 650.0       -63 %   $ 488.9     $ 637.6       -23 %   $ 1,947.0     $ 2,425.8       -20 %
                                                                                                                       


 
1 Reclassified operating segment data reflects changes in the Company's operating structure which became effective June 1, 2009.
 
2 The Company evaluates performance of individual operating segments based on earnings before interest and taxes, which represents net income before interest income, net and income taxes.
 
3 Certain prior year amounts have been reclassified to conform to fiscal year 2010 presentation.  These include the reclassification of certain selling and administrative expenses from the Company's geographic operating segments and Corporate Expense to Global Brand Divisions to reflect the Company's current operating structure.  These changes had no impact on previously reported consolidated results of operations or shareholders' equity.
 
4 Global Brand Divisions primarily represent NIKE Brand licensing businesses that are not part of a geographic operating segment and general and administrative expenses that are centrally managed for the NIKE Brand.
 
5 Other Businesses represents activities of Cole Haan, Converse, Exeter Brands Group (whose primary business was the Starter brand business which was sold December 17, 2007), Hurley, NIKE Bauer Hockey (through April 16, 2008), NIKE Golf, and Umbro (beginning March 3, 2008).
 
6 Corporate Expense primarily consists of unallocated general and administrative expenses, which includes expenses associated with centrally managed departments, depreciation and amortization related to the Company's corporate headquarters, unallocated insurance and benefit programs, foreign currency gains and losses, including hedge gains and losses, corporate eliminations and other items.