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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear

Refer to the 10-K reports of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com.

Required:

Refer to each company’s investing and financing activities. What were some of the more significant uses of cash? What were some of the more significant sources of cash?

To determine

Investing activity shows how much cash inflow or outflow for invested in the business and shows the current year investment in the business.

Financial activity shows that how much cash inflow or outflow from the debt and loan amount and the issue of common debt.

To discuss:

Find some conclusion from the investing and financial statement. And define the uses of cash from these two activities. What were some of the more significant sources of cash?

Explanation

Company-A

From the investing activity main cash payment from some the activity for 2016

(Amount in Thousands)

Particular Amount ($)
Purchases of property and equipment (316,458)
Purchases of property and equipment from related parties (70,288)
Purchases of available-for-sale securities (24,230)
Sales of available-for-sale securities 30,712
Purchases of other assets (875)
Net cash used in investing activities (381,139)

From the financial activity main cash payment from some the activity for 2016

Particular Amount ($)
Proceeds from long term debt and revolving credit facility 1,327,601
Payments on long term debt and revolving credit facility (1,170,750)
Employee taxes paid for shares withheld for income taxes (15,098)
Proceeds from exercise of stock options and other stock issuances 15,485
Payments of debt financing costs (6,692)
Cash dividends paid (2,927)
Contingent consideration payments for acquisitions

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