Question: REQUIRED: Please solve for these profitability ratios using the financial statements below. SHOW YOUR WORK PLEASE by showing what you multiplied and divided by to
REQUIRED: Please solve for these profitability ratios using the financial statements below. SHOW YOUR WORK PLEASE by showing what you multiplied and divided by to obtain your answers. Also please do not use AI, I will know. Thank you :)
| Profitability Ratios | |||||
| Y 2021 | Y 2020 | Y 2019 | Y 2018 | Y 2017 | |
| Price-Earnings Ratio | |||||
| Dividends Yield | |||||
| Price at Fiscal Year End |
GIVEN:
| Under Armour Inc. | |||||
| Consolidated Statements of Income | |||||
| Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | |||||
| Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
| Income Statement [Abstract] | |||||
| Net revenues | $ 5,683,466 | $ 4,474,667 | $ 5,267,132 | $ 5,193,185 | $ 4,989,244 |
| Cost of goods sold | 2,821,967 | 2,314,572 | 2,796,599 | 2,852,714 | 2,737,830 |
| Gross profit | 2,861,499 | 2,160,095 | 2,470,533 | 2,340,471 | 2,251,414 |
| Selling, general and administrative expenses | 2,334,691 | 2,171,934 | 2,233,763 | 2,182,339 | 2,099,522 |
| Restructuring and impairment charges | 40,518 | 601,599 | 0 | 183,149 | 124,049 |
| Income (loss) from operations | 486,290 | (613,438) | 236,770 | (25,017) | 27,843 |
| Interest income (expense), net | (44,300) | (47,259) | (21,240) | (33,568) | (34,538) |
| Other income (expense), net | (51,113) | 168,153 | (5,688) | (9,203) | (3,614) |
| Income (loss) before income taxes | 390,877 | (492,544) | 209,842 | (67,788) | (10,309) |
| Income tax expense (benefit) | 32,072 | 49,387 | 70,024 | (20,552) | 37,951 |
| Income (loss) from equity method investments | 1,255 | (7,246) | (47,679) | 934 | 0 |
| Net income (loss) | $ 360,060 | $ (549,177) | $ 92,139 | $ (46,302) | (48,260) |
| Basic net income (loss) per share of Class A, B and C common stock (in dollars per share) | $ 0.77 | $ (1.21) | $ 0.20 | $ (0.10) | $ (48,260) |
| Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share) | $ 0.77 | $ (1.21) | $ 0.20 | $ (0.10) | $ (0.11) |
| Weighted average common shares outstanding Class A, B and C common stock | |||||
| Basic (in shares) | 465,504 | 454,089 | 450,964 | 445,815 | 221,475 |
| Diluted (in shares) | 468,644 | 454,089 | 454,274 | 445,815 | 221,475 |
| Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
| Current assets | |||||
| Cash and cash equivalents | $ 1,669,453 | $ 1,517,361 | $ 788,072 | $ 557,403 | $ 312,483 |
| Accounts receivable, net (Note 3) | 569,014 | 527,340 | 708,714 | 652,546 | 609,670 |
| Inventories | 811,410 | 895,974 | 892,258 | 1,019,496 | 1,158,548 |
| Prepaid expenses and other current assets, net | 286,422 | 282,300 | 313,165 | 364,183 | 256,978 |
| Total current assets | 3,336,299 | 3,222,975 | 2,702,209 | 2,593,628 | 2,337,679 |
| Property and equipment, net (Note 4) | 607,226 | 658,678 | 792,148 | 826,868 | 885,774 |
| Operating lease right-of-use assets (Note 5) | 448,364 | 536,660 | 591,931 | - | - |
| Goodwill (Note 6) | 495,215 | 502,214 | 550,178 | 546,494 | 555,674 |
| Intangible assets, net (Note 7) | 11,010 | 13,295 | 36,345 | 41,793 | 46,995 |
| Deferred income taxes (Note 17) | 17,812 | 23,930 | 82,379 | 112,420 | 82,801 |
| Other long-term assets | 75,470 | 72,876 | 88,341 | 123,819 | 97,444 |
| Total assets | 4,991,396 | 5,030,628 | 4,843,531 | 4,245,022 | 4,006,367 |
| Current liabilities | |||||
| Accounts payable | 613,307 | 575,954 | 618,194 | 560,884 | 561,108 |
| Accrued expenses | 460,165 | 378,859 | 374,694 | 340,415 | 296,841 |
| Customer refund liabilities (Note 11) | 164,294 | 203,399 | 219,424 | 301,421 | 0 |
| Operating lease liabilities (Note 5) | 138,664 | 162,561 | 125,900 | 0 | 0 |
| Other current liabilities | 73,746 | 92,503 | 83,797 | 88,257 | 50,426 |
| Total current liabilities | 1,450,176 | 1,413,276 | 1,422,009 | 1,315,977 | 1,060,375 |
| Long term debt, net of current maturities (Note 8) | 662,531 | 1,003,556 | 592,687 | 703,834 | 765,046 |
| Operating lease liabilities, non-current (Note 5) | 703,111 | 839,414 | 580,635 | - | - |
| Other long-term liabilities | 86,584 | 98,389 | 98,113 | 208,340 | 162,304 |
| Total liabilities | 2,902,402 | 3,354,635 | 2,693,444 | 2,228,151 | 1,987,725 |
| Stockholders equity | |||||
| Additional paid-in capital | 1,108,613 | 916,628 | 872,266 | ||
| Retained earnings | 1,027,833 | 1,061,173 | 973,717 | 1,139,082 | 1,184,441 |
| Accumulated other comprehensive income (loss) | (47,610) | 673,855 | 1,226,986 | (38,987) | (38,211) |
| Total stockholders' equity | 2,088,994 | (59,185) | (50,765) | 2,016,871 | 2,018,642 |
| Total liabilities and stockholders' equity | 4,991,396 | 1,675,993 | 2,150,087 | 4,245,022 | 4,006,367 |
| Class A Common Stock | 5,030,628 | 4,843,531 | |||
| Stockholders equity | |||||
| Common stock | 63 | 62 | 62 | 62 | 61 |
| Class B Convertible Common Stock | |||||
| Stockholders equity | |||||
| Common stock | 11 | 11 | 11 | 11 | 11 |
| Class C Common Stock | |||||
| Stockholders equity | |||||
| Common stock | $ 84 | $ 77 | $ 76 | $ 75 | $ 74 |
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