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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!