10-Q Filing

UNDER ARMOUR, INC. CIK: 1336917 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001336917-17-000029`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ua-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 28 Cash Flow Statement 66 Comprehensive Income 14

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$172.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$250.47M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$629.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$566.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$622.68M	USD	Point-in-time
Inventories	`InventoryNet`	$834.29M	USD	Point-in-time
Inventories	`InventoryNet`	$901.61M	USD	Point-in-time
Inventories	`InventoryNet`	$917.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$174.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$211.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$203.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.91B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.77B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.97B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$830.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$601.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$804.21M	USD	Point-in-time
Goodwill	`Goodwill`	$588.89M	USD	Point-in-time
Goodwill	`Goodwill`	$563.59M	USD	Point-in-time
Goodwill	`Goodwill`	$571.38M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.99M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$64.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$73.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$136.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$121.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$92.23M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$93.09M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$110.20M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$86.12M	USD	Point-in-time
Total assets	`Assets`	$3.64B	USD	Point-in-time
Total assets	`Assets`	$3.58B	USD	Point-in-time
Total assets	`Assets`	$3.22B	USD	Point-in-time
Line of Credit Facility, Amount Outstanding, Current	`LineofCreditFacilityAmountOutstandingCurrent`	$50.00M	USD	Point-in-time
Line of Credit Facility, Amount Outstanding, Current	`LineofCreditFacilityAmountOutstandingCurrent`	$140.00M	USD	Point-in-time
Line of Credit Facility, Amount Outstanding, Current	`LineofCreditFacilityAmountOutstandingCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$409.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$184.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$294.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$217.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$224.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$208.75M	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$27.00M	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$27.00M	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$27.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$30.58M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$38.37M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$40.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$685.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$627.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$605.90M	USD	Point-in-time
Long term debt, net of current maturities	`LongTermDebtNoncurrent`	$790.39M	USD	Point-in-time
Long term debt, net of current maturities	`LongTermDebtNoncurrent`	$784.05M	USD	Point-in-time
Long term debt, net of current maturities	`LongTermDebtNoncurrent`	$217.53M	USD	Point-in-time
Line of Credit Facility, Amount Outstanding, Long Term	`LineofCreditFacilityAmountOutstandingLongTerm`	-	USD	Point-in-time
Line of Credit Facility, Amount Outstanding, Long Term	`LineofCreditFacilityAmountOutstandingLongTerm`	$550.00M	USD	Point-in-time
Line of Credit Facility, Amount Outstanding, Long Term	`LineofCreditFacilityAmountOutstandingLongTerm`	-	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$145.54M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$137.23M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$103.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.61B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.48B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.56B	USD	Point-in-time
Commitments and contingencies (see Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$702.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$835.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$823.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.08B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.26B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLoss`	$-52.14M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLoss`	$-43.83M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLoss`	$-48.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.03B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.22B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.58B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.64B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue, Net	`SalesRevenueNet`	$1.05B	USD	1 Quarter
Revenue, Net	`SalesRevenueNet`	$1.12B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$567.07M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$611.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$480.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$505.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$445.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$497.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$34.88M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.54M	USD	1 Quarter
Interest Income (Expense), Net	`InterestIncomeExpenseNet`	$-7.82M	USD	1 Quarter
Interest Income (Expense), Net	`InterestIncomeExpenseNet`	$-4.53M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.70M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.56M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.18M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	433.63M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	439.36M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	443.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	439.36M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$41.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.02M	USD	1 Quarter
Unrealized foreign currency exchange rate (gains) losses	`ForeignCurrencyTransactionGainLossUnrealized`	$8.31M	USD	1 Quarter
Unrealized foreign currency exchange rate (gains) losses	`ForeignCurrencyTransactionGainLossUnrealized`	$11.25M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-556.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-384.00K	USD	1 Quarter
Amortization of Debt Discount (Premium)	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of Debt Discount (Premium)	`AmortizationOfDebtDiscountPremium`	$63.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.08M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.40M	USD	1 Quarter
Excess Tax Benefit from Share-based Compensation, Operating Activities	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-27.06M	USD	1 Quarter
Excess Tax Benefit from Share-based Compensation, Operating Activities	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.26M	USD	1 Quarter
Deferred Income Taxes and Tax Credits	`DeferredIncomeTaxesAndTaxCredits`	$15.90M	USD	1 Quarter
Deferred Income Taxes and Tax Credits	`DeferredIncomeTaxesAndTaxCredits`	$2.72M	USD	1 Quarter
Changes in reserves and allowances	`ChangesInReservesAndAllowances`	$12.66M	USD	1 Quarter
Changes in reserves and allowances	`ChangesInReservesAndAllowances`	$-21.19M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$136.99M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.26M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-19.08M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$45.96M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.60M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.35M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-976.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-90.98M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$7.25M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$22.31M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-47.75M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-19.17M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.56M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-127.53M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$91.79M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.57M	USD	1 Quarter
Payments to Acquire Available-for-sale Securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Payments to Acquire Available-for-sale Securities	`PaymentsToAcquireAvailableForSaleSecurities`	$20.00M	USD	1 Quarter
Proceeds from Sale of Available-for-sale Securities, Equity	`ProceedsFromSaleOfAvailableForSaleSecuritiesEquity`	-	USD	1 Quarter
Proceeds from Sale of Available-for-sale Securities, Equity	`ProceedsFromSaleOfAvailableForSaleSecuritiesEquity`	$21.41M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-91.79M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-103.16M	USD	1 Quarter
Payment on Term Loan	`ProceedsFromIssuanceOfLongTermDebt`	$415.00M	USD	1 Quarter
Payment on Term Loan	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	1 Quarter
Payments on long term debt	`RepaymentsOfLongTermDebt`	$156.75M	USD	1 Quarter
Payments on long term debt	`RepaymentsOfLongTermDebt`	$145.50M	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-13.69M	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-2.47M	USD	1 Quarter
Proceeds from exercise of stock options and other stock issuances	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.95M	USD	1 Quarter
Proceeds from exercise of stock options and other stock issuances	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.78M	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$1.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.56M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$258.51M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.45M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-674.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-78.34M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.15M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$157.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.85M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$172.13M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$250.47M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$157.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$129.85M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$172.13M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$250.47M	USD	Point-in-time
Noncash or Part Noncash Acquisition, Fixed Assets Acquired	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$13.81M	USD	1 Quarter
Noncash or Part Noncash Acquisition, Fixed Assets Acquired	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$25.57M	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-2.40M	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-2.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.18M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$9.82M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$7.44M	USD	1 Quarter
Unrealized gain on cash flow hedge, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-6.26M	USD	1 Quarter
Unrealized gain on cash flow hedge, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-6.89M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.01M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.19M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$3.93M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$20.36M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.66M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.