Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(1) Return on assets. (%) (2) Profit margin (use total revenue) (%) Specimen Financial Statements: Under Armour, Inc. notes to the financial statements, is available
(1) Return on assets. (%)
(2) Profit margin (use "total revenue") (%)
Specimen Financial Statements: Under Armour, Inc. notes to the financial statements, is available at the company's website. Long term debt, net of current maturities Other long term liabilities Total liabilities Commitments and contingencies (see Note 7) \begin{tabular}{rr} 703,834 & 765,046 \\ 208,340 & 162,304 \\ \hline 2,228,151 & 1,987,725 \\ \hline \end{tabular} Stockholders' equity Class A Common Stock, $0.0003 1/3 par value; 400,000,000 shares authorized as of December 31, 2018, and 2017; 187,710,319 shares issued and outstanding as of December 31, 2018, and 185,257,423 shares issued and outstanding as of December 31, 2017. 62 61 Class B Convertible Common Stock, $0.0003 1/3 par value; 34,450,000 shares authorized, issued and outstanding as of December 31 , 2018, and 5017. 11 11 Class C Common Stock, $0.0003 1/3 par value; 400,000,000 shares authorized as of December 31,2018 and 2017 ; 226,421,963 shares issued and outstanding as of December 31, 2018, and 222,375,079 shares issued and outstanding as of December 31, 2017. Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity See accompanying notes. Under Armour, Inc. and Subsidiaries Consolidated Statements of Operations (In thousands, except per share amounts) Year Ended December 31, Net revenues Cost of goods sold Gross profit Selling, general and administrative expenses Restructuring and impairment charges Income (loss) from operations Interest expense, net Other expense, net Income (loss) before income taxes Income tax expense (benefit) Income from equity method investment Net income (loss) \begin{tabular}{crr} \hline 2018 & \multicolumn{1}{c}{2017} & \multicolumn{1}{c}{2016} \\ \cline { 2 - 3 } $5,193,185 & $4,989,244 & $4,833,338 \\ \hline 2,852,714 & 2,737,830 & 2,584,724 \\ \cline { 2 - 3 } 2,340,471 & 2,251,414 & 2,248,614 \\ \hline 2,182,339 & 2,099,522 & 1,831,143 \\ \hline 183,149 & 124,049 & - \\ \cline { 2 - 3 }(25,017) & 27,843 & 417,471 \\ \hline(33,568) & (34,538) & (26,434) \\ \hline(67,203) & (3,614) & (2,755) \\ \cline { 2 - 3 }(20,552) & (10,309) & 388,282 \\ \hline 934 & 37,951 & 131,303 \\ \hline(46,302) & - & - \\ \cline { 2 - 3 } & (48,260) & 256,979 \end{tabular} Other expense, net Income (loss) before income taxes Income tax expense (benefit) Income from equity method investment Net income (loss) Adjustment payment to Class C capital stockholders Net income (loss) available to all stockholders Basic net income (loss) per share of Class A and B common stock Basic net income (loss) per share of Class C common stock Diluted net income (loss) per share of Class A and B common stock Diluted net income (loss) per share of Class C common stock Weighted average common shares outstanding Class A and B common stock Basic Diluted Weighted average common shares outstanding Class C common stock Basic Diluted See accompanying notes. Under Armour, Inc. and Subsidiaries Consolidated Statements of Comprehensive Income (Loss) (In thousands) Net income (loss) Other comprehensive income (loss): Foreign currency translation adjustment Unrealized gain (loss) on cash flow hedge, net of tax benefit (expense) of $(7,936),$5,668 and $(3,346) for the years ended December 31 , 2018, 2017, and 2016, respectively. Gain (loss) on intra-entity foreign currency transactions Total other comprehensive income (loss) Comprehensive income (loss) See accompanying notes. The financial statements of Under Armour, Inc. are presented in Appendix C. Click here to view Appendix C. The complete annual report, including the notes to the financial statements, is available at the company's website. (a) Based on the information in these financial statements and the accompanying notes and schedules, compute the following values for each company in 2018. (Round all percentages to 1 decimal place, e.g. 15.1% and asset turnover ratio to 2 decimal places, e.g. 15.21. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started