Under Armour 2014 Annual Report Download - page 61

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Under Armour, Inc. and Subsidiarie
s
C
onsolidated
S
tatements of Income
(
In thousands, exce
p
t
p
er share amounts
)
Year Ended December
31,
2014
2013
2012
Net revenues $3,084,370 $2,332,051 $1,834,921
Cost of
g
oods sold 1,572,164 1,195,381 955,62
4
Gross
p
rofit 1,
5
12,206 1,136,670 879,29
7
Selling, general and administrative expenses 1,1
5
8,2
5
1 871,
5
72 670,60
2
I
ncome from operations 353,955 265,098 208,695
Interest expense, net (5,335) (2,933) (5,183)
Other expense, net (6,410) (1,172) (73)
I
ncome before income taxes 342,210 2
6
0,993 203,43
9
Provision for income taxes 134,1
6
8 98,
66
3 74,
66
1
N
et income
$
208,042
$
162,330
$
128,778
Net
i
ncome ava
i
lable
p
er common share
B
asic
$
0.98
$
0.77
$
0.62
Diluted
$
0.95
$
0.75
$
0.61
We
i
ghted average common shares outstand
i
ng
B
asic 213,227 210,696 208,68
6
Diluted 219,380 21
5
,9
5
8 212,760
See accompan
y
in
g
notes.
51