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GuruFocus has detected 1 Warning Sign with Nike Inc $NKE.
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Nike Inc (NYSE:NKE)
Net Foreign Currency Exchange Gain & Loss
$-10 Mil (TTM As of Nov. 2016)

Nike Inc's net foreign currency exchange gain & loss for the three months ended in Nov. 2016 was $27 Mil. Its net foreign currency exchange gain & loss for the trailing twelve months (TTM) ended in Nov. 2016 wa $-10 Mil.


Definition

We are exposed to fluctuations in foreign exchange rates on the revaluation of monetary assets and liabilities denominated in currencies other than the local functional currency of the relevant subsidiary. This includes third party receivables and payables, including our Senior Notes which are denominated in Euros, as well as intercompany loans. Our subsidiaries generally receive funding via loans that are denominated in currencies other than the dollar, and any change in the relevant exchange rate will require us to recognize a transaction gain or loss on revaluation.

Nike Inc Net Foreign Currency Exchange Gain for the trailing twelve months (TTM) ended in Nov. 2016 was 118 (Feb. 2016 ) + -94 (May. 2016 ) + -61 (Aug. 2016 ) + 27 (Nov. 2016 ) = $-10 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Nike Inc Annual Data

May07May08May09May10May11May12May13May14May15May16
NetForeignCurrencyExchangeGainLoss 000000665642498

Nike Inc Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
NetForeignCurrencyExchangeGainLoss 53190168133242118-94-6127
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