UNDER ARMOUR, INC. UA Cash Flow

Under armour, inc. (UA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Net income (loss)
-520,019	92,139	111,661	84,614	6,419	-46,302	-138,440	-159,467	-76,232	-48,260	142,891	216,874	235,527	256,979	259,350	231,603	240,025	232,573	214,680	203,308	206,232	208,042	184,499	168,178	168,054	162,330	148,296	132,829	121,931	128,778	111,198	99,868	99,441	96,919	87,315	76,185	73,446	68,477	0	0	0
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization
188,526	186,425	187,182	184,218	182,134	181,768	180,288	181,651	178,832	173,747	167,876	160,400	153,762	144,770	134,111	122,613	111,653	100,940	91,913	83,810	76,081	72,093	66,888	61,278	56,027	50,549	47,379	45,986	44,333	43,082	42,088	40,285	38,279	36,301	34,098	32,702	32,337	31,321	0	0	0
Unrealized foreign currency exchange rate gain (loss)
-12,628	2,073	-17,558	2,205	-17,328	-14,023	-10,532	-13,297	25,964	29,247	12,956	12,905	-15,562	-12,627	-3,836	-10,275	-695	-33,359	-31,535	-31,062	-32,500	-11,739	-5,765	-188	-1,954	-1,905	-962	1,755	172	2,464	2,016	-7,919	-4,263	-4,027	-791	11,846	4,132	-1,280	0	0	0
Loss on disposal of property and equipment
-3,761	-4,640	-3,762	-4,207	-5,105	-4,256	-4,173	-4,094	-1,916	-2,313	-2,594	-1,832	-1,752	-1,580	-619	-752	-706	-549	-617	-448	-436	-261	188	61	-328	-332	-637	-590	-190	-524	-502	-417	-424	-36	-19	-42	-26	-44	0	0	0
Impairment charges
476,517	39,000	-37	233	7,645	9,893	26,192	81,038	73,626	71,378	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of bond premium
254	254	254	254	254	254	254	254	254	254	190	127	63	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
47,572	49,600	47,403	46,762	46,156	41,800	37,936	35,797	35,955	39,900	37,064	42,253	43,779	46,100	59,021	67,703	65,736	60,376	56,647	48,248	46,635	50,812	56,563	48,166	44,496	43,184	30,276	28,373	25,335	19,845	19,626	21,279	21,166	18,063	19,773	17,093	16,206	16,227	0	0	0
Excess tax benefit (loss) from stock-based compensation arrangements
-	-	-	-	-	-	-	-	-	75	-695	-8,707	-16,467	-44,783	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
62,899	38,132	-4,752	-16,465	-29,413	-38,544	3,240	6,206	29,360	55,910	61,262	-5,530	-29,823	-43,004	-50,721	-12,626	-5,751	-4,426	-13,067	-25,735	-6,622	-17,584	-27,924	-12,992	-20,077	-18,832	-16,155	-19,221	-16,804	-12,973	-956	-3,439	1,720	3,620	-8,154	-6,227	-8,571	-10,337	0	0	0
Changes in reserves and allowances
-6,311	-26,096	-18,703	-7,189	6,541	-234,998	-174,109	-120,667	-121,250	108,757	43,416	8,056	36,344	70,188	91,379	83,232	47,256	40,391	40,133	42,059	34,860	31,350	12,732	13,014	12,610	13,945	22,062	13,490	19,450	13,916	6,463	10,594	6,385	5,536	9,333	1,348	3,088	2,322	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
-69,188	45,450	-23,095	5,178	-46,089	-186,834	-35,315	-4,003	46,664	79,106	45,778	141,500	91,602	249,853	245,531	181,338	201,427	191,876	141,488	133,071	107,405	101,057	103,116	51,456	81,033	35,960	54,468	48,388	69,060	53,433	78,583	45,624	37,748	33,923	68,223	40,760	54,320	32,320	0	0	0
Inventories
67,062	-149,519	-263,673	-330,651	-250,102	-109,919	9,085	153,631	224,778	222,391	205,279	78,591	83,013	148,055	107,122	262,433	274,179	278,524	265,762	201,997	131,046	84,658	147,394	176,757	156,492	156,900	194,170	113,278	1,176	-4,699	-4,796	76,416	79,715	114,646	127,505	128,957	100,318	65,239	0	0	0
Prepaid expenses and other assets
2,711	-24,334	-63,417	-11,100	-30,260	107,855	126,430	96,009	129,435	52,106	26,522	37,334	14,266	23,029	43,549	51,608	51,928	76,476	65,692	37,913	57,765	33,345	32,304	31,497	44,087	19,049	13,548	6,585	-961	4,060	16,814	36,476	36,235	42,633	21,963	11,582	10,008	4,099	0	0	0
Other non-current assets
337,985	-19,966	-7,535	-12,044	-22,325	0	-10,958	-317	731	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
45,235	59,458	-3,570	-76,077	-85,121	26,413	21,861	221,468	169,783	145,695	220,834	140,941	112,440	202,446	-12,645	-46,818	-63,625	-22,583	-10,944	43,594	82,062	49,137	90,534	112,672	32,341	14,642	67,509	68,471	30,864	35,370	8,566	28,964	7,594	17,209	13,402	35,369	19,807	16,158	0	0	0
Accrued expenses and other liabilities
306,833	-18,987	-31,169	37,561	39,022	134,594	147,594	125,336	98,637	109,823	91,496	120,013	52,695	67,754	83,775	57,378	113,430	76,854	53,539	43,785	40,433	28,856	39,257	39,383	42,420	56,481	41,759	30,436	36,227	21,966	38,283	27,169	13,082	23,442	14,201	15,105	10,597	21,330	0	0	0
Customer refund liability
-56,876	-80,710	-88,254	-62,140	-77,339	305,141	304,685	307,192	350,312	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable and receivable
9,641	18,862	32,840	52,557	48,927	41,051	47,888	-5,560	-22,800	-39,164	-143,911	-20,052	11,867	-16,712	29,072	-5,249	7,969	-2,533	-14,030	-12,812	-26,358	3,387	14,603	-5,236	-9,471	7,443	12,893	5,172	6,194	4,511	2,137	816	-7,689	4,567	6,150	294	-1,765	4,950	0	0	0
Net cash used in operating activities
232,108	509,031	611,881	594,930	516,417	628,230	382,450	444,214	292,036	237,460	376,483	403,791	461,603	366,623	291,956	96,539	63,535	14,541	-21,919	84,786	190,043	219,033	159,915	164,880	47,070	120,070	93,432	136,120	198,273	199,761	135,290	72,056	27,667	15,218	-44,063	-21,234	-23,607	50,114	0	0	0
Cash flows from investing activities
Purchases of property and equipment
141,389	145,802	154,713	151,824	150,366	170,385	176,854	209,673	245,479	281,339	291,004	299,713	303,675	316,458	323,573	317,461	334,882	298,928	270,665	237,112	169,432	140,528	122,368	117,035	109,216	87,830	75,158	66,786	60,140	50,650	48,497	49,605	54,221	56,228	52,930	45,156	33,874	30,182	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,029	0	0	0	-	-	-	-	-	-	-	-
Purchase of trust-owned life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchase of long term investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,862	0	0	0	-	-	-	-
Purchases of other assets
1,311	1,311	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,553	2,806	2,921	3,093	860	724	260	736	475	0	0	0	-	-	-	-	1,153	0	0	0	-	-	-	-
Purchase of businesses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	539,460	539,460	539,460	539,109	10,924	159,021	159,021	159,021	148,097	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	24,230	47,102	85,818	112,741	103,144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	30,712	59,008	107,917	114,713	96,610	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-180,043	-147,113	-155,721	-154,882	-182,885	-202,904	-209,638	-241,779	-247,127	-282,987	-292,669	-299,873	-369,773	-381,139	-382,696	-366,597	-333,296	-847,475	-824,889	-801,644	-718,747	-152,312	-282,113	-276,316	-270,673	-238,102	-73,448	-64,846	-56,223	-46,931	-49,279	-78,116	-82,622	-89,436	-96,800	-61,527	-50,157	-41,785	0	0	0
Cash flows from financing activities
Proceeds from long term debt and revolving credit facility
700,000	25,000	65,000	320,000	365,000	505,000	563,000	593,000	728,000	763,000	690,064	545,127	1,112,601	1,327,601	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Lines of Credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds From Term Loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment on Term Loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long term debt and revolving credit facility
101,567	162,817	277,817	509,317	694,500	695,000	829,750	770,000	670,000	665,000	697,000	607,000	1,182,000	1,170,750	1,124,675	1,053,991	403,347	265,202	136,974	130,897	124,812	118,722	12,534	8,862	5,293	5,471	43,052	43,387	43,830	44,330	7,282	7,170	7,063	7,418	0	0	0	-	0	0	0
Cash paid for hedge settlement
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee taxes paid for shares withheld for income taxes
3,890	4,235	4,088	4,061	4,062	2,743	2,938	2,066	2,065	2,781	31,369	31,257	31,257	15,098	-67,181	-64,085	-61,026	-12,728	44,677	48,336	47,540	36,965	36,449	34,009	36,979	17,163	15,419	14,630	12,590	17,868	19,522	16,693	14,423	10,260	8,552	9,004	8,810	4,189	0	0	0
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97	0	0	0
Proceeds from exercise of stock options and other stock issuances
6,889	7,472	-2,362	-2,095	2,494	2,580	12,562	13,815	11,076	11,540	12,180	14,523	14,313	15,485	15,805	12,966	11,342	10,310	9,243	10,524	10,071	15,776	16,436	15,561	19,060	15,103	14,310	14,662	12,578	14,776	17,518	15,441	14,687	14,645	13,859	14,081	13,272	7,335	0	0	0
Payments of debt financing costs
-471	2,553	2,661	2,661	3,024	11	11	11	11	0	1,442	1,442	5,434	6,692	5,250	5,250	1,259	947	946	946	2,659	1,713	0	0	0	-	-	-	-	-	-	-	-	2,324	0	0	0	-	-	-	-
Other financing fees
48	63	77	295	356	306	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
603,517	-137,070	-221,851	-197,839	-335,302	-189,868	-256,831	-165,175	67,000	106,759	722	-51,760	-68,839	146,114	115,885	246,763	210,710	381,433	766,000	577,017	580,140	182,306	188,637	188,994	150,746	126,795	10,660	9,888	5,321	12,297	-242	29,846	51,929	45,807	72,505	42,787	16,249	7,243	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
14,430	5,100	16,756	19,417	9,741	12,467	-2,718	-2,902	2,883	4,178	-1,213	-3,412	-4,599	-8,725	-4,589	-4,574	-8,875	-11,822	-9,263	-11,508	-6,435	-3,341	-3,347	-966	-2,939	-3,115	-1,314	-248	1,299	1,330	3,419	-542	-766	-75	2,281	3,569	2,397	1,001	0	0	0
Net decrease in cash, cash equivalents and restricted cash
670,012	229,948	251,065	261,626	7,971	247,925	-86,737	34,358	114,792	65,410	83,323	48,746	18,392	122,873	20,556	-27,869	-67,926	-463,323	-90,071	-151,349	45,001	245,686	63,092	76,592	-75,796	5,648	29,330	80,914	148,670	166,457	89,188	23,244	-3,792	-28,486	-66,077	-36,405	-55,118	16,573	0	0	0
Non-cash investing and financing activities
Change in accrual for property and equipment
-3,982	-8,084	-25,557	-29,176	-33,273	-14,611	5,260	18,726	12,654	10,580	39,485	26,122	28,726	16,973	22,332	26,727	31,767	17,758	-879	1,515	-3,923	4,922	20,676	20,086	19,816	3,786	5,318	4,913	4,321	12,137	0	0	0	-	-	-	-	-	-	-	-
Other supplemental information
Noncash or Part Noncash Acquisition, Other Assets Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,233	11,233	11,233	11,233	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired under build-to-suit leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,631	5,631	5,631	5,631	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment through certain obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0