Under Armour, UAA (NYSE) is headquartered in Baltimore, Maryland U.S.A.; global headquarters are in Panama, and sites
Question:
Under Armour, UAA (NYSE) is headquartered in Baltimore, Maryland U.S.A.; global headquarters are in Panama, and sites include Shanghai and the Chinese camp. Other operation centers are in Paris, London, and Toronto. This company manufactures casual wear, footwear, and sports apparel.
Locate the SEC 10-K filing for Under Armour for 2016 (do not select another year); retrieve the report at www.sec.gov by clicking Filings and then search for Under Armour under Company Filings. When you see the company filings list, select the Form 10-K for 2016.
You will need this particular consolidated filing to address the following:
- Introduce the company, the industry in which it operates, and the sector.
- In the consolidated filing, locate the statement of cash flows and determine how much the company paid for property and equipment in 2016. Identify this section of the idea of cash flows where you find the separation.
- Determine the depreciation method used in this company. Identify the range of useful lives for the company's fixed assets.
- Locate Note 3 in the filing. Looking at property and equipment for 2016 and 2015, determine the depreciation expense included in the net income calculation for these fiscal years. What does this information tell you about the equipment you get over these two years? Be sure to explain your determinations.
- Note 4 includes descriptions of goodwill and intangible assets. How does the company account for goodwill and other intangible assets? What intangible assets did the company own at the end of 2016?
- Using Dupont analysis, calculate the company's rate of return on total assets for the fiscal years 2016 and 2015. Note that total assets in 2014 were $2,095 million (calculate ratios using millions); determine the company's performance in 2016 versus 2015.
The formula for the DuPont analysis is NetProfitMargin Asset Turnover Equity Multiplier Net Profit Margin = Net Income/Revenue Asset Turnover = Sales/Average Total Assets Equity Multiplier = Average Total Assets/Average Shareholders' Equity.
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr