NIKE INCOME STATEMENT

($Mil) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Revenue 9,553.1 8,776.9 8,995.1 9,488.8 9,893.0 10,697.0 12,253.1 13,739.7 14,954.9 16,325.9
COGS 6,065.5 5,493.5 5,403.8 5,784.9 6,004.7 6,313.6 7,001.4 7,624.3 8,367.9 9,165.4

Gross Profit 3,487.6 3,283.4 3,591.3 3,703.9 3,888.3 4,383.4 5,251.7 6,115.4 6,587.0 7,160.5

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

SG&A 2,623.8 2,426.6 2,606.4 2,689.7 2,820.4 3,137.6 3,702.0 4,221.7 4,477.8 5,028.7
Other 150.8 66.6 20.7 34.1 3.0 0.0 0.0 0.0 0.0 0.0

Operating
713.0 790.2 964.2 980.1 1,064.9 1,245.8 1,549.7 1,893.7 2,109.2 2,131.8
Income

Net Int Inc &

(60.0) (44.1) (45.0) (58.7) (47.6) 37.0 49.7 24.3 (32.4) (68.1)
Other

Earnings
653.0 746.1 919.2 921.4 1,017.3 1,123.0 1,450.0 1,859.8 2,141.6 2,199.9
Before Taxes
Income
253.4 294.7 340.1 331.7 349.0 382.9 504.4 648.2 749.6 708.4
Taxes

Earnings 399.6 451.4 579.1 589.7 668.3 740.1 945.6 1,211.6 1,392.0 1,491.5
After Taxes
Acctg (5.0) (266.1)
Changes

Net Income 399.6 451.4 579.1 589.7 663.3 474.0 945.6 1,211.6 1,392.0 1,491.5