Question: What is the vertical/common size analysis with observations and comments for each of the following financial statements for 2016 ? Under Armour Consolidated Balance Sheets
What is the vertical/common size analysis with observations and comments for each of the following financial statements for 2016?
Under Armour
| Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2016 |
| Assets | |
| Cash and cash equivalents | $ 250,470 |
| Accounts receivable, net | 622,685 |
| Inventories | 917,491 |
| Prepaid expenses and other current assets | 174,507 |
| Total current assets | 1,965,153 |
| Property and equipment, net | 804,211 |
| Goodwill | 563,591 |
| Intangible assets, net | 64,310 |
| Deferred income taxes | 136,862 |
| Other long term assets | 110,204 |
| Total assets | 3,644,331 |
| Liabilities and Stockholders Equity | |
| Accounts payable | 409,679 |
| Accrued expenses | 208,750 |
| Current maturities of long term debt | 27,000 |
| Other current liabilities | 40,387 |
| Total current liabilities | 685,816 |
| Long term debt, net of current maturities | 790,388 |
| Other long term liabilities | 137,227 |
| Total liabilities | 1,613,431 |
| Commitments and contingencies (see Note 6) | |
| Stockholders equity | |
| Additional paid-in capital | 823,484 |
| Retained earnings | 1,259,414 |
| Accumulated other comprehensive loss | -52,143 |
| Total stockholders equity | 2,030,900 |
| Total liabilities and stockholders equity | 3,644,331 |
| Class A Common Stock | |
| Stockholders equity | |
| Common Stock, Value, Issued | 61 |
| Total stockholders equity | 61 |
| Class B Convertible Common Stock | |
| Stockholders equity | |
| Common Stock, Value, Issued | 11 |
| Total stockholders equity | 11 |
| Common Class C [Member] | |
| Stockholders equity | |
| Common Stock, Value, Issued | 73 |
| Total stockholders equity | $ 73 |
|
|
| Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
| Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
| Net revenues | $ 4,825,335 | $ 3,963,313 | $ 3,084,370 |
| Cost of goods sold | 2,584,724 | 2,057,766 | 1,572,164 |
| Gross profit | 2,240,611 | 1,905,547 | 1,512,206 |
| Selling, general and administrative expenses | 1,823,140 | 1,497,000 | 1,158,251 |
| Income from operations | 417,471 | 408,547 | 353,955 |
| Interest expense, net | -26,434 | -14,628 | -5,335 |
| Other expense, net | -2,755 | -7,234 | -6,410 |
| Income before income taxes | 388,282 | 386,685 | 342,210 |
| Provision for income taxes | 131,303 | 154,112 | 134,168 |
| Net income | 256,979 | 232,573 | 208,042 |
| Weighted average common shares outstanding | |||
| Net Income (Loss) Attributable to Parent after Dividends Paid | $ 197,979 | $ 232,573 | $ 208,042 |
| Class A Common Stock And Class B Convertible Common Stock | |||
| Net income available per common share | |||
| Basic (USD Per Share) | $ 0.45 | $ 0.54 | $ 0.49 |
| Earnings Per Share, Diluted | $ 0.45 | $ 0.53 | $ 0.47 |
| Weighted average common shares outstanding | |||
| Basic (In Shares) | 217,707,000 | 215,498,000 | 213,227,000 |
| Diluted (In Shares) | 221,944,000 | 220,868,000 | 219,380,000 |
| Common Class C [Member] | |||
| Net income available per common share | |||
| Basic (USD Per Share) | $ 0.72 | $ 0.54 | $ 0.49 |
| Earnings Per Share, Diluted | $ 0.71 | $ 0.53 | $ 0.47 |
| Weighted average common shares outstanding | |||
| Basic (In Shares) | 218,623,000 | 215,498,000 | 213,227,000 |
| Diluted (In Shares) | 222,904,000 | 220,868,000 | 219,380,000 |
| Dividends | $ 59,000 | $ 0 | $ 0 |
| Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
| Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
| Cash flows from operating activities | |||
| Net income | $ 256,979 | $ 232,573 | $ 208,042 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | |||
| Depreciation and amortization | 144,770 | 100,940 | 72,093 |
| Unrealized foreign currency exchange rate losses | 12,627 | 33,359 | 11,739 |
| Loss on disposal of property and equipment | 1,580 | 549 | 261 |
| Stock-based compensation | 46,149 | 60,376 | 50,812 |
| Deferred income taxes | -43,004 | -4,426 | -17,584 |
| Changes in reserves and allowances | 70,188 | 40,391 | 31,350 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | -249,853 | -191,876 | -101,057 |
| Inventories | -148,055 | -278,524 | -84,658 |
| Prepaid expenses and other assets | -25,284 | -76,476 | -33,345 |
| Accounts payable | 202,446 | -22,583 | 49,137 |
| Accrued expenses and other liabilities | 52,656 | 64,126 | 28,856 |
| Income taxes payable and receivable | -16,712 | -2,533 | 3,387 |
| Net cash provided by (used in) operating activities | 304,487 | -44,104 | 219,033 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | -316,458 | -298,928 | -140,528 |
| Payments to Acquire Property, Plant, and Equipment from Related Parties | 70,288 | 0 | 0 |
| Purchase of businesses, net of cash acquired | 0 | -539,460 | -10,924 |
| Payments to Acquire Available-for-sale Securities | -24,230 | -103,144 | 0 |
| Proceeds from Sale of Available-for-sale Securities, Equity | 30,712 | 96,610 | 0 |
| Purchases of other assets | -875 | -2,553 | -860 |
| Net cash used in investing activities | -381,139 | -847,475 | -152,312 |
| Proceeds from Issuance of Long-term Debt | 1,327,601 | 650,000 | 250,000 |
| Cash flows from financing activities | |||
| Payments on long term debt and revolving credit facility | -1,170,750 | -265,202 | -118,722 |
| Excess tax benefits from stock-based compensation arrangements | 44,783 | 45,917 | 36,965 |
| Proceeds from exercise of stock options and other stock issuances | 15,485 | 10,310 | 15,776 |
| Payments of debt financing costs | -6,692 | -947 | -1,713 |
| Dividends Paid, Cash | -2,927 | 0 | 0 |
| Payments for Previous Acquisition | -1,505 | 0 | 0 |
| Net cash provided by financing activities | 205,995 | 440,078 | 182,306 |
| Effect of exchange rate changes on cash and cash equivalents | -8,725 | -11,822 | -3,341 |
| Net increase (decrease) in cash and cash equivalents | 120,618 | -463,323 | 245,686 |
| Cash and cash equivalents | |||
| Beginning of period | 129,852 | 593,175 | 347,489 |
| End of period | 250,470 | 129,852 | 593,175 |
| Change in accrual for property and equipment | 16,973 | 17,758 | 4,922 |
| Non-cash Dividends Paid | 56,073 | 0 | 0 |
| Noncash or Part Noncash Acquisition, Other Assets Acquired | 0 | 0 | 11,233 |
| Noncash or Part Noncash Acquisition, Fixed Assets Acquired Under Build-to-Suit Leases | 0 | 5,631 | 0 |
| Cash paid for income taxes | 135,959 | 99,708 | 103,284 |
| Cash paid for interest, net of capitalized interest | $ 21,412 | $ 11,176 | $ 4,146 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
