Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 34

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 thousands) Nine Months Ended December 31,20242023Cash flows from operating activitiesNet income (loss)$(133,810)$225,474 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesDepreciation and amortization96,786 102,113 Unrealized foreign currency exchange rate (gain) loss8,072 (904)Loss on disposal of property and equipment4,039 746 Non-cash restructuring and impairment charges38,575 — Amortization of bond premium and debt issuance costs1,703 1,565 Stock-based compensation40,794 33,163 Deferred income taxes(8,784)(24,430)Changes in reserves and allowances10,480 25,085 Changes in operating assets and liabilities:Accounts receivable136,658 58,044 Inventories(149,362)72,578 Prepaid expenses and other assets2,988 (56,261)Other non-current assets(39,662)37,494 Accounts payable172,504 32,100 Accrued expenses and other liabilities(65,207)(38,737)Customer refund liabilities30,838 80 Income taxes payable and receivable(3,732)8,753 Net cash provided by (used in) operating activities142,880 476,863 Cash flows from investing activitiesPurchases of property and equipment(139,860)(116,541)Sale of MyFitnessPal platform50,000 45,000 Sale of MapMyFitness platform8,000 — Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired(9,788)— Purchase of equity method investment in ISC Sport(7,546)— Net cash provided by (used in) investing activities(99,194)(71,541)Cash flows from financing activitiesCommon shares repurchased(65,000)(75,000)Repayment of long-term debt(80,919)— Employee taxes paid for shares withheld for income taxes(9,000)(2,428)Proceeds from exercise of stock options and other stock issuances1,852 2,443 Payments of debt financing costs(1,388)— Net cash provided by (used in) financing activities(154,455)(74,985)Effect of exchange rate changes on cash, cash equivalents and restricted cash(20,982)136 Net increase (decrease