Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 15

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 Stock repurchased and immediately retired).

As of the date of this Quarterly Report on Form 10-Q, we repurchased a total of $90 million or 12.8 million outstanding shares of Class C Common Stock, leaving approximately $410 million remaining under our current share repurchase program. 

35

Cash Flows

The following table presents the major components of our cash flows provided by and used in operating, investing and financing activities for the periods presented:Three Months Ended June 30,20252024Change ($)Net cash provided by (used in):Operating activities$48,852 $152,975 $(104,123)Investing activities(35,362)4,319 (39,681)Financing activities387,303 (128,220)515,523 Effect of exchange rate changes on cash and cash equivalents9,314 (2,830)12,144 Net increase (decrease) in cash and cash equivalents$410,107 $26,244 $383,863 

Operating Activities

Cash flows provided by operating activities decreased by $104.1 million, as compared to the three months ended June 30, 2024, primarily driven by a decrease from changes in working capital of $366.4 million, offset by an increase in net income before the impact of non-cash items of $262.2 million. 

The changes in working capital were due to the following outflows:

•$371.6 million from changes in accrued expenses and other liabilities;

•$33.9 million from changes in inventories;

•$20.1 million from changes in accounts receivable; and

•$4.0 million from changes in other non-current assets.

These outflows were partially offset by the following working capital inflows:

•$22.8 million from changes in prepaid expenses and other current assets;

•$23.3 million from changes in income taxes payable and receivable, net;

•$13.4 million from changes in accounts payable; and

•$3.8 million from changes in customer refund liabilities.

Investing Activities

Cash flows used in investing activities increased by $39.7 million, as compared to the three months ended June 30, 2024. During the three months ended June 30, 2024, we collected a $50 million earn-out in connection with the sale of the MyFitnessPal platform. Additionally, total capital expenditures during the three months ended June 30,