Under Armour Inc Cash Flow Statement ADV For the Year Ended December 31 2009 2010 Cash Flow-Operating Activities (5 Millions) 2011 2012 2013 2014 2015 2016 2017 3018 2019 2020 Net Income Depreciation 46. 68.5 96.9 128 162.3 Impairment charges Unrealized foreign currency exchange rat 28.2 31.3 208.0 232.6 257.0 36.3 43.1 (463) 50.5 92.1 72.1 (548 3) 1009 (5.2) 13 1448 4.0 1737 181.8 (2.5) 1864 1.9 11.7 165.0 Amortization of bond premium 0.0 31.4 126 0.0 00 (292) 140 0.0 0.0 00 0.0 00 0.0 Gain on sale of MyFitnessPal platform 0.0 714 99 00 390 0.0 4705 00 00 00 0.0 0.0 0.0 03 Gain on bargain purchase 00 03 03 0.0 121 00 0.0 0.0 00 0.0 0.0 0.0 Loss on disposal of property and equip. 0.0 (3.3) (1793) 0.0 00 0.0 0.0 00 00 00 00 0.0 00 00 00 Stock-Based Compensation Expenses 0.5 03 0.3 0.5 1.6 23 43 46 37 12.9 16.2 18.1 Deferred income taxes 198 43.2 50.8 604 46.1 30.8 418 (5.2) 406 421 (103) 36 (13.0) (18) (176) (44) (43.0 559 Changes in reserves and allowances 38.1 44 1.6 23 5.5 13.9 119 314 40.4 70.2 10 (2150) DED 103 Changes in operating assets and liabilities: Accounts Receivable 3.0 (323) (33.9) (534) EM00 (1011) (191.50 (249.9 179.11 146 1476 Inventories 33.0 (65.2) (114.6) 4.7 (1569) 84.7) (2785) (1481) (2224) 109.9 149.5 153 Prepaid expenses and other assets 1.9 (42) (42.6 (41) (190) 313) (75) (252) (554) (107 24.4 188 Other non-current assets 0.0 0.0 0.0 000 0.0 0.0 0.0 00 0.0 0.0 200 1257) Accounts Payable (4.4) 162 17.2 354 146 (224) 202.4 145.7 364 1603) Accrued expenses and other liabilities 11.7 213 234 22.0 565 25.9 64.1 52.7 100.8 134.6 (150 1145 Customer refund liability 0.0 0.0 0.0 0.0 00 0.0 0.0 0.0 00 305.1 (802) income taxes payable and receivable (6.1) 5.0 4.6 4.6 7.6 34 12.50 (16.7) (192) 410 18.9 25 Net cash provided by (used in) operating activities 119.0 50.1 15.2 1998 1201 2190 3045 214.3 6382 5090 Cash Flow-Investing Activities (5 Mallions) Purchases of property and equipment (302) (562) 150.7) (140.53 (289) (1165) (17041 45 M Purchases of property and equipment from related parties 0.0 0.0 0.0 0.0 00 0.0 00 (70.3 00 0.0 00 0.0 0.0 (232) 0.0 00 00 00 00 00 00 00 Purchase of corporate headquarters 0.0 0.0 0.0 0.0 00 0.0 00 00 0.0 113 0.0 00 Sale of property and equipment 0.0 0.0 00 0.0 00 00 00 00 0.0 100 00 100.9 Sale of MyFitnessPal platform 0.0 0.0 0.0 0.0 (1481) (10) (5193 0.0 00 00 00 Acquisition of business 0.0 0.0 0.0 0.0 0.0 00 00 00 00 11931 0.0 00 Purchase of equity method investment 0.0 (111) (3.0) 0.0 0.0 0.0 (1013) (243) 0.0 00 08 Purchases of investments 0.0 0.0 0.0 0.0 0.0 00 66 30.7 00 0.0 00 08 Sales of investments Purchases of other assets 3.8 (23) 1741 11.71 1431 LEE 0.0 10.5) C C & For the Year Ended December 13 2009 2010 2011 2012 2013 2014 2015 2018 2017 2018 2019 2020 Cash Flow-Financing Activities (5 Millons) Proceeds from long-term debt and revolving credit facility 76 Payments on long-term debt and revolving credit facility Purchase of capped call Contingent consideration payments for acquisitions Payments of debt financing costs Proceeds from exercise of stock options (311) 0.0 0.0 (12) Employee taxes paid for shares withheld 0.0 Excess tax benefit from stock based compensation 3.1 Cash dividends paid Net cash provided by (used in) financing activities 0.0 238883878 53 250 2650 5050 250 06.00 0.0 DD 00 GO 00 00 AB (430) 00 00 1677 00 02 (ZA) 16.00 14.6 30.3 15.5 315 26 125 00 00 00 002) 142) (39) 41 103 172 37.0 45.9 M 0.6 00 00 A0 10.0 10.0 00 00 00 00 no 136.51 45. 12. 440.1 2060 10 127.3 4362 Effect of excha rate changes in cash 27 11 3.2 53 164 Net change in cash and cash equivalents Cash at the beginning of the year Cash at the end of the year Cash and cash equivalents Restricted cash Total cash 253 16 120.30 PASY JANY DAAN N $30 620 247 229.9 7325 302.0 1873 2019 1754 341.3 347.5 1209 2905 SOLE 790 3873 2059 1754 SAL 129 2505 3125 SHED HAD 13285 187.3 203.9 175.4 M415 129 250 12% 15374 0.0 0.0 00 00 100 100 00 111 1600 2960 SOLEIL 1. This case is also a good opportunity to get some practice interpreting the statement of cash flows. Take a look at this statement for all of the years provided-2009 to 2020. Have there been net cash inflows or outflows from operating activities, investing activities, and financing activities? What do the patterns in the reported cash flows suggest to you about where Under Armour is in its life cycle