Under Armour 2009 Annual Report Download - page 53

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Under Armour, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except share data)
December 31,
2009
December 31,
2008
Assets
Current assets
Cash and cash equivalents $187,297 $102,042
Accounts receivable, net 79,356 81,302
Inventories 148,488 182,232
Prepaid expenses and other current assets 19,989 18,023
Deferred income taxes 12,870 12,824
Total current assets 448,000 396,423
Property and equipment, net 72,926 73,548
Intangible assets, net 5,681 5,470
Deferred income taxes 13,908 8,687
Other long term assets 5,073 3,427
Total assets $545,588 $487,555
Liabilities and Stockholders’ Equity
Current liabilities
Revolving credit facility $ — $ 25,000
Accounts payable 68,710 72,435
Accrued expenses 40,885 25,905
Current maturities of long term debt 9,178 7,072
Current maturities of capital lease obligations 97 361
Other current liabilities 1,292 2,337
Total current liabilities 120,162 133,110
Long term debt, net of current maturities 10,948 13,061
Capital lease obligations, net of current maturities — 97
Other long term liabilities 14,481 10,190
Total liabilities $145,591 $156,458
Commitments and contingencies (see Note 7)
Stockholders’ equity
Class A Common Stock, $.0003 1/3 par value; 100,000,000 shares authorized as
of December 31, 2009 and 2008; 37,747,647 shares issued and outstanding as
of December 31, 2009 and 36,808,750 shares issued and outstanding as of
December 31, 2008 13 12
Class B Convertible Common Stock, $.0003 1/3 par value; 12,500,000 shares
authorized, issued and outstanding as of December 31, 2009 and 2008 4 4
Additional paid-in capital 197,342 174,725
Retained earnings 202,188 156,011
Unearned compensation (14) (60)
Accumulated other comprehensive income 464 405
Total stockholders’ equity 399,997 331,097
Total liabilities and stockholders’ equity $545,588 $487,555
See accompanying notes.
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