Retrieve the 2016 Under Armour financial statements at www.sec.gov by clicking on Filings and then searching for
Question:
Retrieve the 2016 Under Armour financial statements at www.sec.gov by clicking on Filings and then searching for “Under Armour” under Company Filings. When you see the list of filings for the company, select the Form 10-K for 2016. Be sure to retrieve the 2016 financial statements, not another year.
Requirements
1. What is (are) Under Armour’s main source(s) of cash in 2016? Is this good news or bad news for its managers, stockholders, and creditors? What is Under Armour’s main use of cash in 2016? 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 in 2016.
3. Did Under Armour buy or sell more plant assets during 2016 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 in 2016. Explain the company’s probable reasoning behind this activity.
5. Evaluate Under Armour’s overall performance for 2016 in terms of cash flows. Be as specific as you can. What other information would be helpful to you in making your evaluation?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.