4. What do the data in case Exhibits 2 and 3 reveal about Under Armour's financial and operating performance? EXOBIT 2 Selected Financial Data for Under Armour, Inc., 2014-2018 (in milliona) 2018 2017 2016 2015 2014 Q $4833.3 2.5847 2.248.6 1831.1 $3.963.3 2.057.8 1,9055 1,4970 $3,0844 1.1522 1,5122 1.1583 Selected Income Statement Data Net revenues Cost of goods sold Gross profit Seling, general and administrative expenses Restructuring and impairment charges Income from operations Interest expense, net Other expense, net Income (oss) before income taxes Provision for incomexes Net income fosse Selected Balance Sheet Data Cash and cash equivalents Working capital Inventories at year end Total assets Long-term debt, including current maturities Total stockholders' equity Selected Cash Flow Data Net cash provided by operating activities $5,1932 2,8527 2,340.5 2,1823 183.1 (25.01 (336) 1923) 1678) 1206 $146.31 $4,989.2 2,7378 2.2514 2,099.5 1242 27.8 (34.5) 13.6) (10.3) 380 $(48.3) 417.5 126.4) 2.8) 388.3 131.3 $257.0 408,5 (14.6) (7.23 386.7 1541 $232.6 354.0 (53) 16.4 3422 1342 $208.0 $557.4 1.277.6 1.019.5 4.245.0 7288 2,016,9 $312.5 1.2773 1.1585 4,006.4 792.0 2,018,6 $250,5 1.279.3 917.5 3,6443 8174 2030.9 $129.9 1,020,0 783.0 2,866,0 666.1 1.668.2 $593.2 1.127.8 536,7 2.092.4 2815 1.350.3 $628.2 $237.5 $3666 ($14,5) $219.0 EXHBITS Under Armour's Revenues and Operating Income, by Product Category and Geographic Region, 2015-2018 2015 Petcort 70.73 A. NET REVENUES BY PRODUCT CATEGORY ON MILLIONS OF $1 2018 2017 2016 Dollars Percent Dollars Porcent Dollars Porcent $3,4624 66,7% $3,287.1 65.9% $3.229.1 66.9% 1.063.2 20.5% 1,0378 20.8% 1.010.7 20.9% 4225 8.1% 89% 4066 28.4% 4,948.0 95.3 4.770.8 95.66 4,646.4 96,3% 124.8 2.4% 1166 23% 99.8 2.14 1204 23% 1019 20% 88.5 17% $5.193.2 100.0% $4,989.2 99.9% $4,833.3 100.0% Apparel Footwear Accessories Total net sales License revenues Connected fitness Total net revenues 4458 Dollars $2,801.1 677.7 3469 3,825.7 842 53.4 $3,963.3 17.1% 8.8% 96.6% 2.1% 1.35 100.0 More Un Amour, 2018 Act 1 August 2013 North America EMEA Asia-Pacific Latin America Connected fitness Total net revenues B. NET REVENUES BY GEOGRAPHIC REGION IN MILLIONS OF $) 2018 2017 2016 $3.7353 $3,8024 $4,0053 5886 470,0 3306 558.2 433.6 2686 190.8 181.3 1418 120.4 101.9 885 $5.193.2 $4,989.2 548333 2015 $3,4558 203.1 144.9 105.2 534 $3.963.3 North America EMEA Asia-Pacific Latin America Connected fitness Total operating Income C. OPERATING INCOME (LOSS) BY GEOGRAPHIC REGION (IN MILLIONS OF 5) 2018 2017 2016 $166.31 $ 20.2 $408.4 (9.4) 18.0 11.4 95.1 82.0 68.3 (48.5) (37.1) (33.91 40 155.3 36,8) $125.01 $ 27.8 $417.5 2015 $461,0 31 36.4 (30.6 161.3 $408.5
