Question
What does the data in case Exhibits 2 and 3 reveal about Under Armour's financial and operating performance? EXHIBIT 2 Selected Financial Data for Under
What does the data in case Exhibits 2 and 3 reveal about Under Armour's financial and operating performance?
EXHIBIT 2 Selected Financial Data for Under Armour, Inc., 20142018 (in millions) 2018 2017 2016 2015 2014 Selected Income Statement Data Net revenues $5,193.2 $4,989.2 $4,833.3 $3,963.3 $3,084.4 Cost of goods sold 2,852.7 2,737.8 2,584.7 2,057.8 1,152.2 Gross profit 2,340.5 2,251.4 2,248.6 1,905.5 1,512.2 Selling, general and administrative expenses 2,182.3 2,099.5 1831.1 1,497.0 1,158.3 Restructuring and impairment charges 183.1 124.0 Income from operations (25.0) 27.8 417.5 408.5 354.0 Interest expense, net (33.6) (34.5) (26.4) (14.6) (5.3) Other expense, net (9.2) (3.6) (2.8) (7.2) (6.4) Income (loss) before income taxes (67.8) (10.3) 388.3 386.7 342.2 Provision for income taxes (20.6) 38.0 131.3 154.1 134.2 Net income (loss) $(46.3) $(48.3) $257.0 $232.6 $208.0 Selected Balance Sheet Data Cash and cash equivalents $557.4 $312.5 $250.5 $129.9 $593.2 Working capital* 1,277.6 1,277.3 1,279.3 1,020.0 1,127.8 Inventories at year-end 1,019.5 1,158.5 917.5 783.0 536.7 Total assets 4,245.0 4,006.4 3,644.3 2,866.0 2,092.4 Long-term debt, including current maturities 728.8 792.0 817.4 666.1 281.5 Total stockholders' equity 2,016.9 2,018.6 2,030.9 1,668.2 1,350.3 Selected Cash Flow Data Net cash provided by operating activities $628.2 $237.5 $366.6 ($14.5) $219.0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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