Refer to the Under Armour, Inc.'s, consolidated financial statements in Appendix B and online in the filings section of www .sec.gov. Focus on the year ended December 31, 2014.
Requirements
1. What is(are) Under Armour, Inc.'s, main source(s) of cash? Is this good news or bad news to its managers, stockholders, and creditors? What is Under Armour, Inc.'s, main use of cash? Is this good news or bad news? Discuss your reasoning.
2. Explain briefly the three most significant differences between net cash provided by operating activities and net income.
3. Did Under Armour, Inc., buy or sell more plant assets during 2014 than in the previous two years? How can you tell?
4. Identify the largest item in the financing activities section of the Consolidated Statement of Cash Flows. Explain the company's probable reasoning behind this activity.
5. Evaluate Under Armour, Inc.'s, overall performance for 2014 in terms of cash flows. Be as specific as you can. What other information would be helpful to you in making your evaluation?