Adidas Consolidated Financial Statements

November 5, 2019March 29, 2018 by Abhijeet Pratap

Adidas Consolidated Financial Statements 2008-2017

Amounts in million Euros except percentages.

Year	Net Sales	Gross Profit	Royalty & Commission Income	Operating Expenses	Operating Profit	Financial Result	Income Before Taxes	Income Taxes	Minority Interests	Net Income attr. to shareholders
1998	5,065	2,124	45	1,698	416	-115	319	105	-9	205
1999	5,354	2,352	35	1,870	482	-84	398	153	-18	228
2000	5,835	2,528	43	2,091	437	-94	347	140	-25	182
2001	6,112	2,601	42	2,126	475	-102	376	147	-21	208
2002	6,523	2,819	46	2,343	477	-87	390	148	-14	229
2003	6,267	2,814	42	2,324	490	-49	438	167	-11	260
2004	5,860	2,813	42	2,236	584	-59	526	193	-7	314
2005	6,636	3,197	47	2,537	707	-52	655	221	-8	383
2006	10,084	4,495	90	3,704	881	-158	723	227	-13	483
2007	10,299	4,882	102	4,035	949	-135	815	260	-4	551

Year	Net Sales	Gross Profit	Royalty&CommissionIncome	Operating expenses	Operating Profit	Financial Result	Income Before Taxes	Income taxes	Minority Interests	Net Income attributable to shareholders
1998	5,065	2,124	45	1,698	416	-115	319	105	-9	205
1999	5,354	2,352	35	1,870	482	-84	398	153	-18	228
2000	5,835	2,528	43	2,091	437	-94	347	140	-25	182
2001	6,112	2,601	42	2,126	475	-102	376	147	-21	208
2002	6,523	2,819	46	2,343	477	-87	390	148	-14	229
2003	6,267	2,814	42	2,324	490	-49	438	167	-11	260
2004	5,860	2,813	42	2,236	584	-59	526	193	-7	314
2005	6,636	3,197	47	2,537	707	-52	655	221	-8	383
2006	10,084	4,495	90	3,704	881	-158	723	227	-13	483
2007	10,299	4,882	102	4,035	949	-135	815	260	-4	551

ADIDAS INCOME STATEMENT RATIOS 1998-2017

Year	Gross Margin	operating expenses as a percentage of net sales	Operating margin	Interest coverage	Effective tax rate	Net income attributable to shareholders as a percentage of net sales
2007	47.40%	39.20%	9.20%	6.8	31.80%	5.40%
2006	44.60%	36.70%	8.70%	5.9	31.40%	4.80%
2005	48.20%	38.20%	10.70%	18.4	33.70%	5.80%
2004	48.00%	38.20%	10.00%	10.2	36.70%	5.40%
2003	44.90%	37.10%	7.80%	8.4	38.00%	4.20%
2002	43.20%	35.90%	7.30%	6.4	37.90%	3.50%
2001	42.60%	34.80%	7.80%	4.9	39.00%	3.40%
2000	43.30%	35.80%	7.50%	4.6	40.30%	3.10%
1999	43.90%	34.90%	9.00%	6.1	38.40%	4.30%
1998	41.90%	33.50%	8.20%	4.8	33.00%	4.00%

ADIDAS BALANCE SHEET DATA (€ IN MILLIONS) 1998-2007

Year	Total assets	Inventories	Receivables and other current assets	Working capital	Net total borrowings	Shareholders’ equity
2007	8,325	1,629	2,049	1,708	1,766	3,023
2006	8,379	1,607	1,913	1,733	2,231	2,828
2005	5,750	1,230	1,551	2,644	-551	2,684
2004	4,434	1,155	1,425	1,336	665	1,544
2003	4,188	1,164	1,335	1,433	1,018	1,285
2002	4,261	1,190	1,560	1,445	1,498	1,081
2001	4,183	1,273	1,520	1,485	1,679	1,015
2000	4,018	1,294	1,387	1,417	1,791	815
1999	3,587	1,045	1,234	1,096	1,591	680
1998	3,206	975	1,026	-327	1,655	463

ADIDAS BALANCE SHEET RATIOS 1998-2007

Year	Financial leverage	Equity ratio	Equity-to-fixed-assets ratio	Asset coverage I	Asset coverage II	Fixed asset intensity of investments	Current asset intensity of investments	Liquidity I	Liquidity II	Liquidity III	Working capital turnover	Return on equity	Return on capital employed
2007	58.40%	36.30%	72.20%	140.50%	101.20%	50.30%	49.70%	15.70%	75.70%	142.80%	6	18.20%	20.20%
2006	78.90%	33.80%	63.50%	138.70%	102.00%	53.20%	46.80%	15.80%	80.40%	153.70%	5.8	17.10%	17.60%
2005	-20.50%	46.70%	194.00%	284.10%	150.40%	24.10%	75.90%	92.00%	148.00%	219.40%	2.6	14.30%	49.30%
2004	43.10%	34.80%	110.40%	194.10%	106.30%	31.60%	68.40%	26.80%	88.40%	156.40%	4.4	20.40%	27.50%
2003	79.20%	30.70%	91.10%	197.60%	108.30%	33.70%	66.30%	20.80%	100.80%	187.40%	4.4	20.20%	22.10%
2002	138.50%	25.40%	75.40%	196.90%	107.60%	33.70%	66.30%	5.50%	99.10%	185.30%	4.5	21.10%	16.80%
2001	165.50%	24.30%	77.80%	209.30%	105.90%	31.20%	68.80%	6.10%	96.00%	187.40%	4.1	20.50%	16.70%
2000	219.60%	20.30%	66.20%	207.70%	101.30%	30.70%	69.30%	7.70%	90.40%	185.00%	4.1	22.30%	17.00%
1999	234.00%	19.00%	54.90%	183.40%	99.50%	34.50%	65.50%	5.50%	88.00%	171.50%	4.9	33.50%	20.70%
1998	357.20%	14.40%	40.20%	68.30%	37.00%	36.00%	64.00%	2.20%	35.90%	76.80%	-15.5	44.20%	20.50%

ADIDAS DATA PER SHARE 1998-2007

Year	Share price at year-end (in €)	Basic earnings 6) (in €)	Diluted earnings 6) (in €)	Price / earnings ratio at year-end	Market capitalization at year-end (€ in millions)	Operating cash flow (in €)	Dividend (in €)	Dividend payout ratio (in %)	Number of outstanding shares at year-end (in thousands)
2007	51.26	2.71	2.57	20	10,438	3.83	0.5	15.5	203.629
2006	37.73	2.37	2.25	16.8	7,679	3.74	0.42	17.7	203.537
2005	40	2.05	1.93	20.7	8,122	1.88	0.33	17.2	203.047
2004	29.69	1.72	1.64	18.1	5,446	3.17	0.33	18.9	183.436
2003	22.58	1.43	1.43	15.8	4,104	3.58	0.25	17.5	181.816
2002	20.58	1.26	1.26	16.3	3,738	2.94	0.25	19.8	181.692
2001	21.08	1.15	1.15	18.3	3,823	2.12	0.23	20	181.396
2000	16.5	1	1	16.5	2,993	-0.06	0.23	22.9	181.396
1999	18.58	1.26	1.26	14.8	3,381	1.81	0.23	18.3	181.396
1998	23.78	1.13	1.13	20.1	4,123	0.66	0.21	18.6	181.396

ADIDAS INCOME STATEMENT DATA 2008-2017

Year	Net Sales	Gross Profit	Royalty and commission income	Other Operating Income	Other Operating Expenses	EBITDA	Operating Profit	net Financial Results	Income before taxes	Income taxes	Net Income attributable to controlling interests	Net Income attributable to shareholders
2008	10799	5256	89	103	4378	1280	1070	-166	904	260	-2	642
2009	10381	4712	86	100	4390	780	508	-150	358	113	0	245
2010	11990	5730	100	110	5046	1159	894	-88	806	238	-1	567
2011	13322	6329	93	98	5567	1199	953	-84	869	261	-5	613
2012	14883	7103	105	127	6150	1445	1185	-69	1116	327	-2	791
2013	14203	7001	103	142	6013	1496	1233	-68	1165	340	3	839
2014	14534	6924	102	138	6203	1283	961	-48	913	271	6	568
2015	16915	8168	119	96	7289	1475	1094	-21	1073	353	6	668
2016	18483	9100	105	262	7885	1953	1582	-46	1536	454	2	1017
2017	21218	10703	115	133	8882	2511	2070	-47	2023	593	3	1173

ADIDAS INCOME STATEMENT RATIOS 2008 -2017

Year	Gross Margin	Operating margin	Interest coverage	Effective tax rate	Net income attributable to shareholders as a percentage of net sales
2008	48.70%	9.90%	7.4	28.80%	5.90%
2009	45.40%	4.90%	3.9	31.50%	2.40%
2010	47.80%	7.50%	10.1	29.50%	4.70%
2011	47.50%	7.20%	12.2	30%	4.60%
2012	47.70%	8.00%	14.6	29.30%	5.30%
2013	49.30%	8.70%	24	29.20%	5.90%
2014	47.60%	6.60%	19.3	29.70%	3.90%
2015	48.30%	6.50%	23.8	32.90%	4%
2016	49.20%	8.60%	32.7	29.60%	5.50%
2017	50.40%	9.80%	55.6	29.30%	5.50%

ADIDAS BALANCE SHEET DATA IN MILLION EUROS 2008-2017

Year	Total Assets	Inventories	Receivables & Other current States	Working capital	Net cash/net borrowings	Shareholders equity
2008	9533	1995	2523	1290	-2189	3386
2009	8875	1471	2038	1649	-917	3771
2010	10618	2119	2324	1972	-221	4616
2011	11237	2502	2431	1990	90	5137
2012	11651	2486	2444	2504	448	5304
2013	11599	2634	2583	2125	295	5489
2014	12417	2526	2861	2970	-185	5624
2015	13343	3113	3003	2133	-460	5666
2016	15176	3763	3607	2121	-103	6472
2017	14522	3692	3277	2354	484	6450

ADIDAS BALANCE SHEET RATIOS 2008-2017

adidas balance sheet ratios 2008-17

adidas balance sheet ratios 2008-17

ADIDAS DATA PER SHARE FROM 2008 TO 2017

Abhijeet Pratap

I am Abhijeet Pratap, editor of notesmatic. I am an MBA with marketing (major). Apart from writing on various topics in business management, marketing and English literature, I like to read and write about technology.