Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 70

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 the above authorization, we repurchased $40 million of Class C Common Stock through accelerated share repurchase transactions and received a total of 5.9 million shares, which were immediately retired. As a result, $40.9 million was recorded to retained earnings to reflect the difference between the market price of the Class C Common Stock repurchased and its par value. No shares were repurchased under the share repurchase program during the three months ended September 30, 2024.

As of the date of this Quarterly Report on Form 10-Q, we repurchased a total of $115 million or 18.0 million outstanding shares of its Class C Common Stock, leaving approximately $385 million remaining under our current share repurchase program. 

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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:Six Months Ended September 30,20252024Change ($)Net cash provided by (used in):Operating activities$(20,978)$(168,409)$147,431 Investing activities(657,586)(43,291)(614,295)Financing activities560,462 (129,392)689,854 Effect of exchange rate changes on cash and cash equivalents2,822 14,023 (11,201)Net increase (decrease) in cash and cash equivalents$(115,280)$(327,069)$211,789 

Operating Activities

Cash flows used in operating activities decreased by $147.4 million, as compared to the six months ended September 30, 2024, primarily driven by an increase from changes in working capital of $16.2 million and an increase in net income before the impact of non-cash items of $131.2 million. 

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

•$77.7 million from changes in accrued expenses and other liabilities;

•$57.6 million from changes in inventories; and

•$39.5 million from changes in income taxes payable and receivable, net.

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

•$49.5 million from changes in prepaid expenses and other current assets;

•$46.7 million from changes in accounts receivable; 

•$30.2 million from changes in other non-current assets;

•$16.5 million from changes in customer refund liabilities; and

•$15.