Under Armour was founded in 1996 and is headquartered in Baltimore, US

Founder & CEO

CHRO

President, Footwear & Innovation

President, International

President and Chief Operating Officer

Under Armour has offices in Baltimore, Panamá, São Paulo, Las Condes and in 8 other locations

Baltimore, US (HQ)

1020 Hull Street

Manly, AU

6 The Corso

Menteng, ID

45 Jl. M.H. Thamrin

Shanghai, CN

436 Ju Men Lu

Hong Kong, HK

23 Wang Tai Rd

Blagnac, FR

7 Avenue Didier Daurat

Under Armour's revenue was reported to be $1.1 b in Q2, 2017

USD

## Revenue (Q2, 2017) | 1.1 b |

## Net income (Q2, 2017) | (12 m) |

## Market capitalization (17-Aug-2017) | 3.6 b |

## Cash (31-Mar-2017) | 172.1 m |

Under Armour's current market capitalization is $3.6 b.

- Source: MarketWatch

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Revenue | 2.1 b | 3 b | 3.8 b | 4.6 b | |||

## Revenue growth, % | 44% | 28% | 21% | ||||

## Cost of goods sold | 533.4 m | 759.8 m | 955.6 m | 1.2 b | 1.6 b | 2.1 b | 2.6 b |

## Gross profit | 887.1 m | 1.4 b | 1.8 b | 2.1 b | |||

## Gross profit Margin, % | 43% | 48% | 46% | 44% | |||

## General and administrative expense | 1.8 b | ||||||

## Operating expense total | 1.8 b | ||||||

## EBIT | 265.1 m | 354 m | 408.5 m | 417.5 m | |||

## EBIT margin, % | 13% | 12% | 11% | 9% | |||

## Interest expense | 14.6 m | 26.4 m | |||||

## Pre tax profit | 386.7 m | 388.3 m | |||||

## Income tax expense | 40.4 m | 59.9 m | 74.7 m | 98.7 m | 134.2 m | 154.1 m | 131.3 m |

## Net Income | 162.3 m | 208 m | 232.6 m | 257 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 783.6 m | 1.2 b | 1 b | 1 b | 1.5 b | 1.1 b | 1.1 b | |||

## Cost of goods sold | 404.5 m | 616.9 m | 567.1 m | 523.1 m | 772.9 m | 611.9 m | ||||

## Gross profit | 379.1 m | 587.2 m | 480.6 m | 477.6 m | 698.6 m | 505.4 m | ||||

## Gross profit Margin, % | 48% | 49% | 46% | 48% | 47% | 45% | ||||

## General and administrative expense | 347.2 m | 415.8 m | 445.8 m | 458.3 m | 499.3 m | 497.9 m | ||||

## Operating expense total | 347.2 m | 415.8 m | 445.8 m | 458.3 m | 499.3 m | 497.9 m | ||||

## EBIT | 31.9 m | 171.4 m | 34.9 m | 19.4 m | 199.3 m | 7.5 m | ||||

## EBIT margin, % | 4% | 14% | 3% | 2% | 14% | 1% | ||||

## Interest expense | (4.3 m) | (4.1 m) | (4.5 m) | (5.8 m) | (8.2 m) | (7.8 m) | ||||

## Interest income | (4.3 m) | (4.1 m) | (4.5 m) | (5.8 m) | (8.2 m) | (7.8 m) | ||||

## Pre tax profit | 27.7 m | 164.1 m | 33.1 m | 10.7 m | 190.3 m | 2.3 m | ||||

## Income tax expense | 12.9 m | 63.6 m | 13.9 m | 4.3 m | 62.1 m | 4.6 m | ||||

## Net Income | 31.2 m | 120.3 m | 11.7 m | 26.5 m | 127 m | 19.2 m | 25.5 m | 153.7 m | (2.3 m) | (12 m) |

- Source: MarketWatch

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 187.3 m | 203.9 m | 175.4 m | 341.8 m | 347.5 m | 593.2 m | 129.9 m | 250.5 m |

## Accounts Receivable | 210 m | 279.8 m | 433.6 m | 622.7 m | ||||

## Inventories | 469 m | 536.7 m | 783 m | 917.5 m | ||||

## Current Assets | 1.1 b | 1.5 b | 1.5 b | 2 b | ||||

## PP&E | 224 m | 305.6 m | 538.5 m | 804.2 m | ||||

## Goodwill | 122.2 m | 123.3 m | 585.2 m | 563.6 m | ||||

## Total Assets | 1.6 b | 2.1 b | 2.9 b | 3.6 b | ||||

## Accounts Payable | 165.5 m | 210.4 m | 200.5 m | 409.7 m | ||||

## Current Liabilities | 426.6 m | 421.6 m | 478.8 m | 685.8 m | ||||

## Total Liabilities | 1.6 b | |||||||

## Common Stock | 28 k | |||||||

## Additional Paid-in Capital | 397.3 m | 508.4 m | 636.6 m | 823.5 m | ||||

## Retained Earnings | 653.8 m | 856.7 m | 1.1 b | 1.3 b | ||||

## Total Equity | 1.7 b | 2 b | ||||||

## Financial Leverage | 1.7 x | 1.8 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 300.4 m | 249.5 m | 232 m | 171.2 m | 159.4 m | 157 m | 121.2 m | 180 m | 172.1 m |

## Accounts Receivable | 269.1 m | 449.2 m | 395.9 m | 353.4 m | 551.2 m | 566.3 m | 461 m | 713.7 m | 629.2 m |

## Inventories | 662.4 m | 637.5 m | 577.9 m | 836.6 m | 867.1 m | 834.3 m | 1.1 b | 970.6 m | 901.6 m |

## Current Assets | 1.4 b | 1.5 b | 1.4 b | 1.6 b | 1.8 b | 1.8 b | 1.8 b | 2 b | 1.9 b |

## PP&E | 255 m | 264.6 m | 359.5 m | 430.5 m | 478.4 m | 601.9 m | 712.9 m | 751.3 m | 830.5 m |

## Goodwill | 123.4 m | 123.4 m | 595.5 m | 591.8 m | 591.9 m | 588.9 m | 580.3 m | 576.9 m | 571.4 m |

## Total Assets | 1.9 b | 2 b | 2.5 b | 2.8 b | 3 b | 3.2 b | 3.4 b | 3.7 b | 3.6 b |

## Accounts Payable | 334 m | 273.7 m | 252.1 m | 375.4 m | 274.3 m | 184.2 m | 332.1 m | 254.2 m | 294.9 m |

## Current Liabilities | 480.2 m | 490.5 m | 448.2 m | 591.3 m | 848.6 m | 605.9 m | 709.4 m | 857.3 m | 627.5 m |

## Common Stock | 58 k | 59 k | 60 k | 60 k | 60 k | 61 k | 62 k | 61 k | 62 k |

## Additional Paid-in Capital | 458.9 m | 490.6 m | 554.9 m | 572.3 m | 603.1 m | 703 m | 787.1 m | 816.4 m | 835.7 m |

## Retained Earnings | 681.4 m | 770.5 m | 856.6 m | 870.6 m | 971.1 m | 1.1 b | 1 b | 1.2 b | 1.2 b |

## Total Equity | 1.1 b | 1.3 b | 1.4 b | 1.4 b | 1.5 b | 1.7 b | 1.8 b | 1.9 b | 2 b |

## Financial Leverage | 1.6 x | 1.6 x | 1.8 x | 2 x | 2 x | 1.8 x | 1.9 x | 1.9 x | 1.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 162.3 m | 208 m | 232.6 m | 257 m |

## Depreciation and Amortization | 50.5 m | 72.1 m | 100.9 m | 144.8 m |

## Accounts Receivable | (36 m) | (100 m) | (190 m) | (249.9 m) |

## Inventories | (160 m) | (85 m) | (280 m) | (148.1 m) |

## Accounts Payable | 14.6 m | 49.1 m | (22.6 m) | 202.4 m |

## Cash From Operating Activities | 120.1 m | 219 m | (44.1 m) | 304.5 m |

## Purchases of PP&E | (87.8 m) | (140.5 m) | (298.9 m) | (316.5 m) |

## Cash From Investing Activities | (238.1 m) | (152.3 m) | (847.5 m) | (381.1 m) |

## Cash From Financing Activities | 126.8 m | 182.3 m | 440.1 m | 206 m |

## Interest Paid | 1.5 m | 4.1 m | 11.2 m | 21.4 m |

## Income Taxes Paid | 85.6 m | 103.3 m | 99.7 m | 136 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 31.2 m | 120.3 m | 11.7 m | 26.5 m | 127 m | 19.2 m | 25.5 m | 153.7 m | (2.3 m) |

## Depreciation and Amortization | 34.3 m | 52.4 m | 21.3 m | 46.1 m | 72.2 m | 32 m | 67.7 m | 105.4 m | 41 m |

## Accounts Receivable | (53.1 m) | (248.3 m) | (127.4 m) | (85.1 m) | (288.7 m) | (137 m) | (74.6 m) | (342.3 m) | 21.3 m |

## Inventories | (195.4 m) | (176.8 m) | (50.3 m) | (312.7 m) | (357.9 m) | (46 m) | (296.7 m) | (186.5 m) | 19.1 m |

## Accounts Payable | 175.7 m | 118.2 m | 40.1 m | 170.1 m | 58.2 m | (976 k) | 145.9 m | 68.1 m | (91 m) |

## Cash From Operating Activities | (45.7 m) | (72.5 m) | (176.5 m) | (179.9 m) | (313.4 m) | (168.3 m) | (148.7 m) | (94.2 m) | (33.6 m) |

## Purchases of PP&E | (68.9 m) | (96.6 m) | (68.6 m) | (165.5 m) | (226.7 m) | (104.6 m) | (184 m) | (251.4 m) | (91.8 m) |

## Cash From Investing Activities | (80.1 m) | (108.2 m) | (610.2 m) | (707.3 m) | (780.8 m) | (103.2 m) | (248.5 m) | (316 m) | (91.8 m) |

## Cash From Financing Activities | 78.5 m | 84.1 m | 429.2 m | 473.2 m | 667.8 m | 299.3 m | 389.4 m | 460.4 m | 43.6 m |

Y, 2017 | |
---|---|

## Financial Leverage | 1.8 x |

Source: 51 public H-1B filings from Under Armour

May 10, 2017

Adidas officially announced that it will sell parts of its golf division for $425 million.
The divestiture includes the TaylorMade, Adams Golf and Ashworth brands, which will be offloaded to buyout firm KPS Capital Partners. The firm will pay half of the sum in cash, and hal…

May 06, 2017

The Ball family created yet another firestorm on Thursday when they unveiled Lonzo Ball's first signature shoe under the family brand, the ZO2, with a price tag of $495.
Last week, it was reported that Nike, Under Armour, and Adidas were spurning the younger Ball as a poten…

May 05, 2017

Lonzo Ball is just 19, but the UCLA point guard is easily among the most promising players to be hitting the NBA draft in June.…

May 04, 2017

The most infamous father in basketball is not unlike Donald Trump in that he's cracked the code to fame and relevance in these modern times.
Our latest example: The unveiling of Lonzo Ball's $500 signature sneaker on Thursday, weeks before the NBA draft and months before the young player will a…

May 04, 2017

One week after it was reported that Nike, Under Armour, and Adidas were spurning Lonzo Ball as a potential athlete endorser, the UCLA product has unveiled his first shoe under his family's own brand, Big Baller Brand.
And it costs $495 (not a typo).
Here is the shoe, dubbed …

May 04, 2017

Some consolidation in the world of subject-specific search and social networks, as a legacy player from the world of white goods makes a play for a wider audience. The Whirlpool Corporation — the world’s largest home appliance maker, founded back in 1911 — has acquired Yummly, a visual and semantic…