Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 4

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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ITEM 1. FINANCIAL STATEMENTS

UNDER ARMOUR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS 

(Unaudited; In thousands, except share data)

September 30, 2025March 31, 2025AssetsCurrent assetsCash and cash equivalents$395,991 $501,361 Accounts receivable, net of allowance for doubtful accounts of $18,447 and $17,020 as of September 30, 2025 and March 31, 2025, respectively.688,476 675,822 Inventories1,037,166 945,836 Restricted investments (Note 7) 604,065 — Prepaid expenses and other current assets, net218,085 206,078 Total current assets2,943,783 2,329,097 Property and equipment, net (Note 3)605,321 645,147 Operating lease right-of-use assets (Note 4)372,791 384,341 Goodwill (Note 5)495,027 487,632 Intangible assets, net4,758 5,224 Deferred income taxes (Note 15)306,218 286,160 Other long-term assets171,580 163,270 Total assets$4,899,478 $4,300,871 Liabilities and Stockholders' EquityCurrent liabilitiesCurrent maturities of long-term debt (Note 7)$599,439 $— Accounts payable470,311 429,944 Accrued expenses328,398 348,747 Customer refund liabilities (Note 10)134,957 146,021 Operating lease liabilities (Note 4)137,402 130,050 Other current liabilities66,643 54,381 Total current liabilities1,737,150 1,109,143 Long-term debt, net of current maturities (Note 7)589,783 595,125 Operating lease liabilities, non-current (Note 4)573,158 574,277 Other long-term liabilities143,709 132,048 Total liabilities3,043,800 2,410,593 Stockholders' equity (Note 9)Class A Common Stock, $0.0003 1/3 par value; 400,000,000 shares authorized as of September 30, 2025 and March 31, 202