Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 21

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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ITEM 1. FINANCIAL STATEMENTS

UNDER ARMOUR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS 

(Unaudited; In thousands, except share data)

June 30, 2025March 31, 2025AssetsCurrent assetsCash and cash equivalents$910,985 $501,361 Accounts receivable, net of allowance for doubtful accounts of $17,717 and $17,020 as of June 30, 2025 and March 31, 2025, respectively.623,736 675,822 Inventories1,141,829 945,836 Prepaid expenses and other current assets, net226,308 206,078 Total current assets2,902,858 2,329,097 Property and equipment, net (Note 3)613,174 645,147 Operating lease right-of-use assets (Note 4)364,960 384,341 Goodwill (Note 5)496,195 487,632 Intangible assets, net5,081 5,224 Deferred income taxes (Note 15)314,742 286,160 Other long-term assets168,181 163,270 Total assets$4,865,191 $4,300,871 Liabilities and Stockholders' EquityCurrent liabilitiesCurrent maturities of long-term debt (Note 7)$599,757 $— Accounts payable635,163 429,944 Accrued expenses332,692 348,747 Customer refund liabilities (Note 10)140,511 146,021 Operating lease liabilities (Note 4)128,639 130,050 Other current liabilities58,613 54,381 Total current liabilities1,895,375 1,109,143 Long-term debt, net of current maturities (Note 7)389,457 595,125 Operating lease liabilities, non-current (Note 4)557,871 574,277 Other long-term liabilities148,059 132,048 Total liabilities2,990,762 2,410,593 Stockholders' equity (Note 9)Class A Common Stock, $0.0003 1/3 par value; 400,000,000 shares authorized as of June 30, 2025 and March 31, 2025; 188,822,726 shares issued and outstanding as of