Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 28

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
ITEM 1. FINANCIAL STATEMENTS

Under Armour, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets 

(Unaudited; In thousands, except share data)

December 31, 2024March 31, 2024AssetsCurrent assetsCash and cash equivalents$726,877 $858,691        Accounts receivable, net (Note 3)615,467 757,339 Inventories1,100,530 958,495 Prepaid expenses and other current assets, net248,119 289,157 Total current assets2,690,993 2,863,682 Property and equipment, net (Note 4)650,644 664,503 Operating lease right-of-use assets (Note 5)391,767 434,699 Goodwill (Note 6)484,546 478,302 Intangible assets, net (Note 7)5,532 7,000 Deferred income taxes (Note 18)244,081 221,033 Other long-term assets163,402 91,515 Total assets$4,630,965 $4,760,734 Liabilities and Stockholders' EquityCurrent liabilitiesCurrent maturities of long-term debt (Note 9)$— $80,919 Accounts payable657,152 483,731 Accrued expenses322,555 287,853 Customer refund liabilities (Note 12)170,344 139,283 Operating lease liabilities (Note 5)127,930 139,331 Other current liabilities63,035 34,344 Total current liabilities1,341,016 1,165,461 Long-term debt, net of current maturities (Note 9)595,188 594,873 Operating lease liabilities, non-current (Note 5)582,020 627,665 Other long-term liabilities128,018 219,449 Total liabilities2,646,242 2,607,448 Stockholders' equity (Note 11)Class A Common Stock, $0.0003 1/3 par value; 400,000,000 shares authorized as of December 31, 2024 and March 31, 2024; 188,822,726 shares issued and outstanding as of December 31, 2024 (March 31, 2024: 188,802,043)