Refer to the 10-K reports of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com.
Required:
Answer the following questions:
1. Describe each company's business and list some of the more common products or brands sold by each company.
2. What is the fiscal year-end of Under Armour? Of Columbia? Why would you expect these to be similar?
3. With regard to the balance sheet:
a. What amounts did each company report for total assets, liabilities, and stockholders' equity for the year ended December 31, 2016?
b. What amounts were reported as current assets and current liabilities for the year ended December 31, 2016?
c. Assess the liquidity of each company.
d. Describe any other similarities and differences that you noticed between the two companies.
4. With regard to the income statement:
a. What amounts did Under Armour report as revenues, expenses, and net income for the year ended December 31, 2016? What amounts did Columbia report as revenues, expenses, and net income for the fiscal year ended December 31, 2016?
b. Compare any trends that you detect with regard to revenues, expenses, and net income.
5. What were the major sources and uses of cash for each company?
6. What is management's assessment of each company's past performance and future prospects?
Where did you find this information?