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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:

Are debt and equity likely to be available as inflows of cash in the near future?

To determine

The Company needs the money to expand the business and sometimes the company needs the money for running the normal business transaction like as working capital.

If the company expands the business then the company normally requires the money taken by from the market or through the issue of common stock or debenture or long-term bonds.

To discuss:

Does the Company need the money from the equity and debt as inflow of cash in the near future?

Explanation

In the Company B:

Financial Activity(Amount in thousands)

Particular Amount ($)
Proceeds from credit facilities 62,885
Repayments on credit facilities (64,825)
Proceeds from issuance of common stock under employee stock plans 13,167
Tax payments related to restricted stock unit issuances. (5,117)
Repurchase of common stock (11)
Cash dividends paid (48,122)
Net cash used in financing activities (42,023)

Investing activity

(Amount in thousands)

Particular Amount ($)
Purchases of short-term investment (21,263)
Sales of short-term investments 21,263
Capital expenditures (49,987)
Proceeds from sale of property, plant, and equipment...

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