← Under Armour, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | $257.0m | ($48.3m) | ($46.3m) | $92.1m | ($549.2m) | $360.1m | $374.5m | $232.0m | ($201.3m) | ($495.6m) | ($492.5m) | |
| Depreciation, Depletion and Amortization | $144.8m | $173.7m | $181.8m | $186.4m | $165.0m | $141.1m | $137.6m | $142.6m | $135.8m | $109.6m | $106.1m | |
| Amortization of Debt Issuance Costs | $1.2m | $1.3m | $1.5m | $2.4m | $3.8m | $16.9m | $2.2m | $2.0m | $2.3m | $2.9m | — | |
| Amortization of Intangible Assets | $13.0m | $8.2m | $6.1m | $6.1m | $7.0m | $2.0m | $1.9m | $1.5m | $1.4m | — | — | |
| Depreciation | $144.8m | $173.7m | $173.4m | $177.3m | $154.4m | $139.2m | $135.7m | $136.6m | $134.3m | $108.4m | $106.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $135.5m | $142.6m | $135.8m | $109.6m | $106.1m | |
| Amortization of bond premium and debt issuance costs | $0 | $254k | $254k | $254k | $12.1m | $16.9m | $2.2m | $2.0m | $2.3m | $2.9m | — | |
| Deferred Income Tax Expense (Benefit) | ($47.7m) | $59.2m | ($43.8m) | $40.1m | $62.7m | ($2.6m) | ($152.4m) | ($23.7m) | ($61.8m) | $243.4m | $269.1m | |
| Deferred Tax | — | — | — | — | — | — | ($153.1m) | ($23.7m) | ($61.8m) | $243.4m | $269.1m | |
| Deferred income taxes | ($43.0m) | $55.9m | ($38.5m) | $38.1m | $44.0m | ($2.6m) | ($152.4m) | ($23.7m) | ($61.8m) | $243.4m | $269.1m | |
| Share-based Payment Arrangement, Noncash Expense | $46.1m | $39.9m | $41.8m | $49.6m | $42.1m | $43.8m | $36.8m | $43.0m | $53.0m | $45.6m | $44.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $2.7m | $4.2m | $3.7m | $6.0m | $5.2m | $6.2m | $9.7m | $8.3m | — | |
| Stock-based compensation | $46.1m | $39.9m | $41.8m | $49.6m | $42.1m | $43.8m | $36.8m | $43.0m | $53.0m | $45.6m | $44.7m | |
| Goodwill, Impairment Loss | — | $28.6m | — | — | $51.6m | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $600k | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $12.1m | — | $0 | $5.4m | $0 | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $0 | $124.0m | $183.1m | $0 | $601.6m | $40.5m | $0 | $0 | $58.0m | $127.7m | — | |
| Non-cash restructuring and impairment charges | $0 | $71.4m | $9.9m | $39.0m | $470.5m | $26.9m | $2.0m | $6.2m | $53.8m | $105.3m | — | |
| Income (Loss) from Equity Method Investments | — | — | $934k | ($47.7m) | ($7.2m) | $1.3m | ($2.0m) | ($26k) | $605k | ($215k) | — | |
| Other Nonoperating Income (Expense) | ($2.8m) | ($3.6m) | ($9.2m) | ($5.7m) | $168.2m | ($51.1m) | $16.8m | $32.1m | ($13.4m) | ($7.3m) | — | |
| Purchase of equity method investment in ISC Sport | $0 | $0 | ($39.2m) | $0 | $0 | — | $0 | $0 | ($7.5m) | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($443.5m) | ($79.5m) | ($37.3m) | ($85.9m) | ($40.1m) | |
| Increase (Decrease) in Accounts Receivable | $249.9m | $79.1m | ($186.8m) | $45.5m | ($167.6m) | $31.2m | $62.2m | $3.9m | ($80.0m) | $1.1m | ($15.5m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | $10.5m | ($3.8m) | $5.2m | $6.1m | $4.1m | ($3.4m) | ($15.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($60.9m) | ($3.9m) | $80.0m | ($1.1m) | ($15.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($60.9m) | ($3.9m) | $80.0m | ($1.1m) | ($15.5m) | |
| Accounts receivable | ($249.9m) | ($79.1m) | $186.8m | ($45.5m) | $167.6m | ($31.2m) | ($62.2m) | ($3.9m) | $80.0m | ($1.1m) | ($15.5m) | |
| Increase (Decrease) in Inventories | $148.1m | $222.4m | ($109.9m) | ($149.5m) | ($15.3m) | ($93.3m) | $373.7m | ($216.5m) | ($10.9m) | ($39.3m) | $42.3m | |
| Inventory Write-down | — | $5.1m | — | — | — | — | — | — | — | — | — | |
| Change In Inventory | — | — | — | — | — | — | ($369.0m) | $216.5m | $10.9m | $39.3m | $42.3m | |
| Inventories | ($148.1m) | ($222.4m) | $109.9m | $149.5m | $15.3m | $93.3m | ($373.7m) | $216.5m | $10.9m | $39.3m | $42.3m | |
| Increase (Decrease) in Accounts Payable | $202.4m | $145.7m | $26.4m | $59.5m | ($40.7m) | $26.0m | $77.6m | ($197.9m) | ($58.5m) | $5.9m | $35.6m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $66.9m | ($216.2m) | ($121.1m) | $16.4m | $35.6m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($9.4m) | ($18.3m) | ($62.7m) | $10.5m | $98.4m | |
| Accrued expenses and other liabilities | $52.7m | $109.8m | $134.6m | ($19.0m) | $318.5m | ($114.8m) | $12.1m | ($18.3m) | ($62.7m) | $10.5m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($60.9m) | $34.9m | ($41.8m) | ($90.0m) | ($144.6m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $851k | ($21.4m) | $6.8m | ($19.8m) | ($30.8m) | |
| Prepaid expenses and other assets | ($25.3m) | ($55.5m) | ($107.9m) | $24.3m | $18.6m | $10.2m | ($36.7m) | ($29.1m) | $13.1m | ($31.8m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $304.5m |
$234.1m
-23.13%
|
$628.2m
+168.40%
|
$509.0m
-18.97%
|
$212.9m
-58.18%
|
$664.8m
+212.33%
|
($9.9m)
-101.49%
|
$354.0m
+3670.41%
|
($59.3m)
-116.76%
|
($75.1m)
-26.58%
|
($14.8m)
+80.29%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1.6m) | ($2.3m) | ($4.3m) | ($4.6m) | ($3.7m) | ($4.5m) | ($2.6m) | ($1.6m) | ($6.4m) | ($4.5m) | $13.8m | |
| Payments to Acquire Property, Plant, and Equipment | $316.5m | $281.3m | $170.4m | $145.8m | $92.3m | $69.8m | $187.8m | $150.3m | $168.7m | $87.1m | ($66.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | — | — | $40.3m | — | $0 | — | $8.1m | $500k | ($500k) | |
| Net Cash Provided by (Used in) Investing Activities | ($381.1m) | ($283.0m) | ($202.9m) | ($147.1m) | $66.3m | ($68.3m) | ($152.8m) | ($105.3m) | ($126.3m) | ($688.8m) | ($68.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($58.5m) | $0 | $0 | — | — | — | |
| Proceeds from Issuance of Long-term Debt | $1.3b | $763.0m | $505.0m | $25.0m | $1.3b | $0 | $0 | $0 | $0 | $890.0m | $515.0m | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $0 | $890.0m | $515.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $890.0m | $515.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | ($80.9m) | $600.0m | ($400.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | ($80.9m) | $600.0m | ($400.0m) | |
| Proceeds from long-term debt and revolving credit facility | $1.3b | $763.0m | $505.0m | $25.0m | $1.3b | $0 | $0 | $0 | $0 | $890.0m | — | |
| Repayments of Long-term Debt | $1.2b | $665.0m | $695.0m | $162.8m | $800.0m | $506.3m | $0 | $0 | $80.9m | $290.0m | ($915.0m) | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($80.9m) | ($290.0m) | ($915.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | $0 | ($80.9m) | ($290.0m) | ($915.0m) | |
| Repayment of long-term debt and revolving credit facility | ($1.2b) | ($665.0m) | ($695.0m) | ($162.8m) | ($800.0m) | ($506.3m) | $0 | $0 | ($80.9m) | ($290.0m) | — | |
| Payments of debt financing costs | ($6.7m) | $0 | ($11k) | ($2.6m) | ($5.2m) | ($1.9m) | $0 | ($720k) | ($2.1m) | ($7.5m) | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($125.0m) | ($75.0m) | ($90.0m) | ($25.0m) | ($50.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($125.0m) | ($75.0m) | ($90.0m) | ($25.0m) | ($50.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $125.0m | $75.0m | $90.0m | $25.0m | — | |
| Common Stock Payments | — | — | — | — | — | — | ($125.0m) | ($75.0m) | ($90.0m) | ($25.0m) | ($50.0m) | |
| Common stock repurchased | — | — | — | — | $0 | $0 | ($125.0m) | ($75.0m) | ($90.0m) | ($25.0m) | — | |
| Dividends paid | — | — | $0 | — | — | — | — | — | — | — | — | |
| Payments of Dividends | — | — | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | $306k | $63k | $100k | $0 | $0 | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($5.2m) | ($6.9m) | ($12.4m) | ($16.6m) | ($10.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $206.0m |
$106.8m
-48.17%
|
($189.9m)
-277.85%
|
($137.1m)
+27.81%
|
$436.9m
+418.71%
|
($418.7m)
-195.85%
|
($126.4m)
+69.82%
|
($78.7m)
+37.73%
|
($180.8m)
-129.77%
|
$560.6m
+410.07%
|
($433.7m)
-177.37%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $122.9m | $65.4m | $247.9m | $229.9m | $732.5m | $154.4m | ($294.4m) | $150.2m | ($361.9m) | ($203.0m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($8.7m) | $4.2m | $247.9m | $229.9m | $732.5m | $154.4m | ($294.4m) | $150.2m | ($361.9m) | ($203.0m) | $408.6m | |
| Beginning Cash Position | — | — | — | — | — | — | $1.0b | $726.7m | $876.9m | $515.1m | $925.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($8.7m) | $4.2m | $12.5m | $5.1m | $16.4m | ($23.4m) | ($5.3m) | ($19.8m) | $4.6m | $280k | ($9.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($8.7m) | $4.2m | $566.1m | $796.0m | $1.5b | $1.7b | $727.7m | $876.9m | $515.1m | $312.1m | $408.6m | |
| Restricted cash | — | — | — | $7.9m | $11.2m | $13.4m | $15.8m | $18.2m | $13.7m | $2.9m | — | |
| Effect Of Exchange Rate Changes | ($8.7m) | $4.2m | $12.5m | $5.1m | $16.4m | ($23.4m) | ($5.3m) | ($19.8m) | $4.6m | $280k | ($9.7m) | |
| Unrealized foreign currency exchange rate (gain) loss | $12.6m | ($29.2m) | $14.0m | ($2.1m) | ($9.3m) | $18.9m | ($8.5m) | $16.1m | ($14.6m) | $8.5m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | — | — | ($30.6m) | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $131.3m | $38.0m | ($20.6m) | $70.0m | $49.4m | $32.1m | ($101.0m) | $30.0m | ($2.9m) | $294.8m | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | $179.3m | $0 | $0 | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($12.6m) | $29.2m | ($14.0m) | $2.1m | $9.3m | ($18.9m) | $8.5m | ($16.1m) | $14.6m | ($8.5m) | — | |
| Goodwill | $563.6m | $555.7m | $546.5m | $550.2m | $502.2m | $495.2m | $482.0m | $478.3m | $487.6m | $492.8m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $13.9m | — | |
| Payments of Financing Costs | $6.7m | $0 | $11k | $2.6m | $5.2m | $1.9m | $0 | $720k | $2.1m | $7.5m | — | |
| Unrealized Gain (Loss) on Derivatives | $729k | — | — | ($2.1m) | — | — | — | — | — | — | — | |
| Operating Cash Flow | $304.5m |
$234.1m
-23.13%
|
$628.2m
+168.40%
|
$509.0m
-18.97%
|
$212.9m
-58.18%
|
$664.8m
+212.33%
|
($39.9m)
-106.00%
|
$354.0m
+987.45%
|
($59.3m)
-116.76%
|
($75.1m)
-26.58%
|
($14.8m)
+80.29%
|
|
| Cash Flow From Continuing Operating Activities | $304.5m | $234.1m | $628.2m | $509.0m | $212.9m | $664.8m | ($39.9m) | $354.0m | ($59.3m) | ($75.1m) | ($14.8m) | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($126.4m) | ($78.7m) | ($180.8m) | $560.6m | ($433.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($123.1m) | ($105.3m) | ($126.3m) | ($688.8m) | ($68.0m) | |
| Change In Account Payable | — | — | — | — | — | — | $76.3m | ($197.9m) | ($58.5m) | $5.9m | $35.6m | |
| Change In Income Tax Payable | ($16.7m) | ($39.2m) | $41.1m | $18.9m | $2.5m | ($2.0m) | $17.5m | ($60.4m) | $14.8m | $1.1m | $14.8m | |
| Change In Other Working Capital | — | — | — | — | — | — | $17.5m | ($60.4m) | $14.8m | $1.1m | $8.8m | |
| Change In Payable | — | — | — | — | — | — | $76.3m | ($197.9m) | ($58.5m) | $5.9m | $35.6m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($37.9m) | ($29.1m) | $13.1m | ($31.8m) | ($34.4m) | |
| Change In Tax Payable | — | — | — | — | — | ($2.0m) | $17.5m | ($60.4m) | $14.8m | — | $14.8m | |
| Changes In Cash | — | — | — | — | — | — | ($289.3m) | $169.9m | ($366.5m) | ($203.3m) | ($516.6m) | |
| End Cash Position | — | — | — | — | — | — | $726.7m | $876.9m | $515.1m | $312.1m | $408.6m | |
| Financing Cash Flow | — | — | — | — | — | — | ($126.4m) |
($78.7m)
+37.73%
|
($180.8m)
-129.77%
|
$560.6m
+410.07%
|
($433.7m)
-177.37%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($198.0m) | $203.6m | ($228.0m) | ($162.2m) | ($81.1m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $2.6m | $1.6m | $6.4m | $4.5m | $1.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($123.1m) | ($105.3m) | ($126.3m) | ($688.8m) | ($68.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $35.0m | $45.0m | $42.3m | ($500k) | ($7.7m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($8.5m) | $16.1m | ($14.6m) | $8.5m | $12.8m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($158.1m) | ($150.3m) | ($168.7m) | ($87.1m) | ($66.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($5.8m) | $17.7m | ($8.3m) | $13.0m | $13.8m | |
| Other Non Cash Items | — | — | — | — | — | — | $4.2m | $8.2m | $56.1m | $108.1m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $3.8m | $3.2m | $2.5m | $2.2m | $2.1m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $11.7m | $13.6m | $4.4m | ($13.3m) | ($14.7m) | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($15.7m) | ($500k) | ($500k) | |
| Purchase Of PPE | — | — | — | — | — | — | ($158.1m) | ($150.3m) | ($168.7m) | ($87.1m) | ($66.3m) | |
| Sale Of Business | — | — | — | — | — | — | $35.0m | $45.0m | $58.0m | $0 | $8.0m | |
| Sale Of PPE | — | — | — | — | — | $1.4m | $0 | $0 | — | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $36.8m | $43.0m | $53.0m | $45.6m | $44.7m | |
| Changes in reserves and allowances | $70.2m | $108.8m | ($235.0m) | ($26.1m) | $10.3m | ($25.8m) | $11.7m | $13.6m | $4.4m | ($13.3m) | — | |
| Other non-current assets | — | $0 | $0 | $20.0m | ($259.7m) | $79.8m | ($52.8m) | $34.9m | ($41.8m) | ($90.0m) | — | |
| Customer refund liabilities | $0 | $0 | $305.1m | ($80.7m) | ($19.2m) | ($38.9m) | $851k | ($21.4m) | $6.8m | ($19.8m) | — | |
| Sale of MyFitnessPal platform | — | — | — | — | $198.9m | $0 | $0 | $45.0m | $50.0m | $0 | — | |
| Sale of MapMyFitness platform | — | — | $0 | $0 | $198.9m | $0 | $35.0m | $0 | $8.0m | $0 | — | |
| Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired | $0 | $0 | $0 | $0 | ($40.3m) | $0 | $0 | $0 | ($8.1m) | ($500k) | — | |
| Proceeds from exercise of stock options and other stock issuances | $15.5m | $11.5m | $2.6m | $7.5m | $4.7m | $3.7m | $3.8m | $3.2m | $2.5m | $2.2m | — | |
| Beginning of period | $252.7m | $318.1m | $566.1m | $796.0m | $1.5b | $1.7b | $727.7m | $876.9m | $515.1m | $312.1m | — | |
| Purchase of restricted investment | — | — | — | — | — | — | — | $0 | $0 | ($601.2m) | — | |
| Cash and cash equivalents | $250.5m | $312.5m | — | $788.1m | $1.5b | $1.7b | $711.9m | $858.7m | $501.4m | $309.2m | $925.2m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($294.6m) | $150.2m | ($361.9m) | ($203.0m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $21.4m | $29.8m | $28.6m | $18.0m | $28.6m | $25.2m | $19.2m | $4.4m | $10.5m | $34.0m | — | |
| Income Taxes Paid, Net | ($15.1m) | ($2.8m) | ($16.7m) | $23.4m | $24.4m | $42.6m | $28.5m | $83.1m | $28.9m | $41.9m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.