The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of Under Armour, Inc. are presented in Appendix C.

Instructions

Answer the following questions for each company.

a. What is the balance in cash and cash equivalents at December 31,2020 ?

b. What percentage of total assets does cash represent for each company over the last 2 years? Has it changed significantly for either company?

c. How much cash was provided by operating activities during 2020 ?

d. Comment on your findings in parts (a) through (c).

Data from Appendix b

Data from Appendix C

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COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Net sales Cost of sales Gross profit Selling, general and administrative expenses Net licensing income Income from operations Interest income, net Other non-operating income (expense), net Income before income tax Income tax expense Net income Net income attributable to non-controlling interest Net income attributable to Columbia Sportswear Company Earnings per share attributable to Columbia Sportswear Company: Basic Diluted Weighted average shares outstanding: Basic Diluted Year Ended December 31, 2020 2019 2018 $2,501,554 $3,042,478 $2,802,326 1,277,665 1,526,808 1,415,978 1,223,889 1,515,670 1,386,348 1,098,948 1,136,186 1,051,152 15,786 350,982 9,876 12,108 137,049 435 2,039 139,523 (31,510) 108,013 $ 108,013 15,487 394,971 8,302 2,156 405,429 (74,940) 330,489 66,376 66,772 $ 1.63 $ 4.87 1.62 $ $ 360,717 (85,769) 274,948 6,692 $ 330,489 $ 268,256 (141) $ 3.85 4.83 $ 3.81 67,837 68,493 69,614 70,401