Question: What does the data in case Exhibits 2 and 3 reveal about Under Armour's financial and operating performance? EXHIBIT 2 Selected Financial Data for Under

What does the data in case Exhibits 2 and 3 reveal about Under Armour's financial and operating performance?

EXHIBIT 2 Selected Financial Data for Under Armour, Inc., 20142018 (in millions)2018 2017 2016 2015 2014 Selected Income Statement Data Net revenues $5,193.2$4,989.2 $4,833.3 $3,963.3 $3,084.4 Cost of goods sold 2,852.7 2,737.8 2,584.7 2,057.8

EXHIBIT 2 Selected Financial Data for Under Armour, Inc., 20142018 (in millions) 2018 2017 2016 2015 2014 Selected Income Statement Data Net revenues $5,193.2 $4,989.2 $4,833.3 $3,963.3 $3,084.4 Cost of goods sold 2,852.7 2,737.8 2,584.7 2,057.8 1,152.2 Gross profit 2,340.5 2,251.4 2,248.6 1,905.5 1,512.2 Selling, general and administrative expenses 2,182.3 2,099.5 1831.1 1,497.0 1,158.3 Restructuring and impairment charges 183.1 124.0 Income from operations (25.0) 27.8 417.5 408.5 354.0 Interest expense, net (33.6) (34.5) (26.4) (14.6) (5.3) Other expense, net (9.2) (3.6) (2.8) (7.2) (6.4) Income (loss) before income taxes (67.8) (10.3) 388.3 386.7 342.2 Provision for income taxes (20.6) 38.0 131.3 154.1 134.2 Net income (loss) $(46.3) $(48.3) $257.0 $232.6 $208.0 Selected Balance Sheet Data Cash and cash equivalents $557.4 $312.5 $250.5 $129.9 $593.2 Working capital* 1,277.6 1,277.3 1,279.3 1,020.0 1,127.8 Inventories at year-end 1,019.5 1,158.5 917.5 783.0 536.7 Total assets 4,245.0 4,006.4 3,644.3 2,866.0 2,092.4 Long-term debt, including current maturities 728.8 792.0 817.4 666.1 281.5 Total stockholders' equity 2,016.9 2,018.6 2,030.9 1,668.2 1,350.3 Selected Cash Flow Data Net cash provided by operating activities $628.2 $237.5 $366.6 ($14.5) $219.0

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