Refer to the Under Armour, Inc., Financial Statements in Appendix B and online in the filings section of www.sec.gov.
Requirements
1. Focus on cash and cash equivalents. Why did cash and cash equivalents change during 2014? The statement of cash flows holds the answer to this question. Analyze the seven largest individual items on the statement of cash flows (not the summary subtotals such as "net cash provided by operating activities"). For each of the seven individual items, state how Under Armour's actions affected cash. Show amounts in millions and round to the nearest $1 million. (Challenge)
2. Refer to Exhibit 4-2 on page 205 that contains the Report of Management on Internal Control over Financial Reporting. Under Armour, Inc. has a similar report included in its annual report. Show how this report corresponds to the objectives of internal control included in this chapter. (Challenge)