10-Q Filing

UNDER ARMOUR, INC. CIK: 1336917 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001336917-18-000017`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ua-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 30 Cash Flow Statement 68 Comprehensive Income 14

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$283.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$172.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$312.48M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$609.67M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$629.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$805.41M	USD	Point-in-time
Inventories	`InventoryNet`	$1.16B	USD	Point-in-time
Inventories	`InventoryNet`	$1.15B	USD	Point-in-time
Inventories	`InventoryNet`	$901.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$256.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$203.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$354.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.59B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.91B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.34B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$885.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$830.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$870.12M	USD	Point-in-time
Goodwill	`Goodwill`	$571.38M	USD	Point-in-time
Goodwill	`Goodwill`	$555.67M	USD	Point-in-time
Goodwill	`Goodwill`	$565.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.99M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.93M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$46.99M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$82.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$121.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$92.61M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$98.45M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$97.44M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$86.12M	USD	Point-in-time
Total assets	`Assets`	$4.01B	USD	Point-in-time
Total assets	`Assets`	$4.26B	USD	Point-in-time
Total assets	`Assets`	$3.58B	USD	Point-in-time
Revolving credit facility, current	`LinesOfCreditCurrent`	$135.00M	USD	Point-in-time
Revolving credit facility, current	`LinesOfCreditCurrent`	$50.00M	USD	Point-in-time
Revolving credit facility, current	`LinesOfCreditCurrent`	$125.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$561.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$470.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$294.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$296.84M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$276.89M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$217.31M	USD	Point-in-time
Customer refund liability	`CustomerRefundLiabilityNoncurrent`	-	USD	Point-in-time
Customer refund liability	`CustomerRefundLiabilityNoncurrent`	$353.02M	USD	Point-in-time
Customer refund liability	`CustomerRefundLiabilityNoncurrent`	-	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`	$38.37M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.43M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$54.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$627.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.06B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32B	USD	Point-in-time
Long term debt, net of current maturities	`LongTermDebtNoncurrent`	$758.71M	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`	$765.05M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$145.54M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$170.82M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$162.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.25B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.99B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.56B	USD	Point-in-time
Commitments and contingencies (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$882.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$872.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$835.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.16B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.18B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-48.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.01B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.26B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.58B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$1.12B	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$1.19B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$661.92M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$611.91M	USD	1 Quarter
Gross Profit	`GrossProfit`	$507.94M	USD	1 Quarter
Gross Profit	`GrossProfit`	$523.45M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$500.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$514.63M	USD	1 Quarter
Restructuring and impairment charges	`RestructuringCostsAndAssetImpairmentCharges`	-	USD	1 Quarter
Restructuring and impairment charges	`RestructuringCostsAndAssetImpairmentCharges`	$37.48M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-28.66M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$7.54M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-8.56M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-7.82M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.57M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.89M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-34.34M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.29M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-4.09M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$4.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.24M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Basic net loss per share of Class A, B and C common stock (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic net loss per share of Class A, B and C common stock (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Diluted net loss per share of Class A, B and C common stock (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted net loss per share of Class A, B and C common stock (in dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	439.36M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	443.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	443.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	439.36M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-30.24M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$41.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$46.10M	USD	1 Quarter
Unrealized foreign currency exchange rate gains	`ForeignCurrencyTransactionGainLossUnrealized`	$5.03M	USD	1 Quarter
Unrealized foreign currency exchange rate gains	`ForeignCurrencyTransactionGainLossUnrealized`	$8.31M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-556.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-159.00K	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$2.25M	USD	1 Quarter
Amortization of bond premium	`AmortizationOfDebtDiscountPremium`	$63.00K	USD	1 Quarter
Amortization of bond premium	`AmortizationOfDebtDiscountPremium`	$63.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.14M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.08M	USD	1 Quarter
Excess tax deficiency from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax deficiency from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.26M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-10.64M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$15.90M	USD	1 Quarter
Changes in reserves and allowances	`ChangesInReservesAndAllowances`	$-21.19M	USD	1 Quarter
Changes in reserves and allowances	`ChangesInReservesAndAllowances`	$-251.19M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.26M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-53.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-16.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-19.08M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.59M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$83.92M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$731.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-66.89M	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`	$-3.93M	USD	1 Quarter
Customer refund liability	`IncreaseDecreaseInCustomerRefundLiability`	$350.31M	USD	1 Quarter
Customer refund liability	`IncreaseDecreaseInCustomerRefundLiability`	-	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.81M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-19.17M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.02M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.55M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.93M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$91.79M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-91.79M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.93M	USD	1 Quarter
Proceeds from long term debt and revolving credit facility	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	1 Quarter
Proceeds from long term debt and revolving credit facility	`ProceedsFromIssuanceOfLongTermDebt`	$165.00M	USD	1 Quarter
Payments on long term debt and revolving credit facility	`RepaymentsOfLongTermDebt`	$161.75M	USD	1 Quarter
Payments on long term debt and revolving credit facility	`RepaymentsOfLongTermDebt`	$156.75M	USD	1 Quarter
Employee taxes paid for shares withheld for income taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.76M	USD	1 Quarter
Employee taxes paid for shares withheld for income taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.47M	USD	1 Quarter
Proceeds from exercise of stock options and other stock issuances	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.78M	USD	1 Quarter
Proceeds from exercise of stock options and other stock issuances	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.32M	USD	1 Quarter
Payments of debt financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payments of debt financing costs	`PaymentsOfFinancingCosts`	$11.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.80M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.56M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.16M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-27.95M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-77.33M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.39M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$252.72M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$290.19M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$318.13M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.39M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$252.72M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$290.19M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$318.13M	USD	Point-in-time
Change in accrual for property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$27.64M	USD	1 Quarter
Change in accrual for property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$25.57M	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Unrealized loss, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-2.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.24M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Unrealized loss, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-348.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$9.82M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$12.85M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedge, net of tax of $(348) and $(2,399) for the three months ended March 31, 2018 and 2017, respectively.	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-6.89M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedge, net of tax of $(348) and $(2,399) for the three months ended March 31, 2018 and 2017, respectively.	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.03M	USD	1 Quarter
Gain on intra-entity foreign currency transactions	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.25M	USD	1 Quarter
Gain on intra-entity foreign currency transactions	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.01M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$17.13M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$3.93M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-13.12M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.66M	USD	1 Quarter

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