Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 16

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 Maturity of Lease LiabilitiesThe following table presents the future minimum lease payments under the Company's operating lease liabilities as of September 30, 2025:Fiscal year ending March 31,2026 (six months ending)$83,461 2027160,099 2028138,530 202996,696 203073,489 2031 and thereafter274,207 Total lease payments$826,482 Less: Interest115,922 Total present value of lease liabilities$710,560 

As of September 30, 2025, the Company has additional operating lease obligations that have not yet commenced of approximately $0.3 million, which are not reflected in the table above. During the three months ended September 30, 2025, as part of the 2025 restructuring plan as defined below (refer to Note 11), the Company terminated a previously disclosed contract assessed as containing a lease that had not yet commenced. 

NOTE 5. GOODWILLThe following table summarizes changes in the carrying amount of the Company's goodwill by reportable segment as of the periods indicated: North America EMEAAsia-PacificTotalBalance as of March 31, 2025$309,487 $103,055 $75,090 $487,632 Effect of currency translation adjustment— 6,378 1,017 7,395 Balance as of September 30, 2025$309,487 $109,433 $76,107 $495,027 

NOTE 6. SUPPLY CHAIN FINANCE PROGRAMThe Company facilitates a supply chain finance program, administered through third-party platforms, which provides participating suppliers with the opportunity to finance payments due from the Company with certain third-party financial institutions. Participating suppliers may, at their sole discretion, elect to finance one or more invoices of the Company prior to their scheduled due dates at a discounted price with the participating financial institution. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by the supplier’s decision to finance amounts under these arrangements. As such, the outstanding payment obligations under the Company’s supply chain financing program are included within Accounts Payable in the Condensed Consolidated Balance Sheets and within operating activities in the Condensed Consolidated Statement of Cash Flows. The Company’s outstanding payment obligations under this program were $169.4 million as of September 30, 2025 (March 31, 2025: $143.