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
