Income Statement Data objecttive 2012 2011 2010

Net revenues 2293651.25 1,834,921 1,472,684 1,063,927

Sale growth 25% 38% 24%
COGS 955,624 759,848 533,420
Gross Profit 879,297 712,836 530,507
SGA Expenses 670,602 550,096 418,152
Income Operations 208,695 162,767 112,355
Interest expense, net -5,183 -3,841 -2,258
Other expense, net -73 -2,064 -1,178
Income before income taxes 203,439 156,862 108,919
Provision for income taxes 74,661 59,943 40,442
Net Income 128,778 96,919 68,477

Balance Sheet Data

Inventories 319,286 324,409 215,355
Total Assets 1,157,083 919,210 675,378
Total Debt 61,889 77,724 15,942
Total Equity 816,922 636,432 496,966

Under Armour 2012 2011 2010

Profitability
Net Profit Margin 7% 7% 6%
Gross Profit Margin 48% 48% 50%
Operating Profit Margin 11.4% 11.1% 10.6%
ROA 11% 11% 10%
ROE 16% 15% 14%
Liquidity
Working Capital 651,370
Leverage
Total Debt/Total Assets 0.05 0.08 0.02
Debt-to-equity 0.08 0.12 0.03
Activity
Days of inventory 122 156 147
Inventory turnover 3 2 2
 2009 2008
856,411 725,244
18%
446,286 372,203 under armou 2012 2011
410,125 353,041 Net revenues 1,834,921 1,472,684
324,852 276,116 sale growth 24.60% 38.42%
85,273 76,925 Nike 2012 2011
-2,344 -850 net revenue 20,961,000 18,049,000
-511 -6,175 sale growth 16.13% 10.03%
82,418 69,900 Adidas 2012 2011
35,633 31,671 net revenue 14,883,000 13,322,000
46,785 38,229 Adidas US$ 16,962,733 15,183,874
sale growth 11.7% 1011%

148,488 182,232
545,588 487,555
20,223 45,591
399,997 331,097

2009 2008

5% 5%
48% 49%
10.0% 10.6%
9% 8%
12% 12%

0.04 0.09
0.05 0.14

121 179
3 2
 2010 2009 2008
1,063,927 856,411 725,244
24.23% 18.09%
2010
16,404,000

2010 2009 2008

1,199,000 10,381,000 10,799,000
1,366,593 11,832,024 12,308,737
-88.5% -3.9%
Income Statement Data obgective 2012 2011 2010
Net sales 18603750 14,883,000 13,322,000 1,199,000
sale growth 11.72% 1011.09% -88.45%
Gross Profit 7,103 6,329 5,730
gross profit margin 47.7% 47.5% 47.8%
operating profit 1,185 953 894
operating profit margin 6.2% 7.2% 7.5%
net income 791 613 567
net profit margin 5.3% 4.6% 4.7%

Balance Sheet Data 2012 2011 2010

Inventories 2,486 2,502 2,119
working capital 2,503 1,990 1,972

Adidas 2012 2011 2010

Profitability
Net Profit Margin 0.0% 0.0% 0.0%
Gross Profit Margin 47.7% 47.5% 47.8%
Operating Profit Margin 6.2% 7.2% 7.5%

under armour 2012 2011 2010 2009

Net revenues 1,834,921 1,472,684 1,063,927 856,411
sale growth 24.60% 38.42% 24.23% 18.09%
Nike 2012 2011 2010
net revenue 20,961,000 18,049,000 16,404,000
sale growth 16.13% 10.03%
Adidas 2012 2011 2010 2009
net revenue 14,883,000 13,322,000 1,199,000 10,381,000
Adidas US$ 16,962,733 15,183,874 1,366,593 11,832,024
sale growth 11.7% 1011% -88.5% -3.9%
 2009 2008 Nike objective
10,381,000 10,799,000 revenue 16782500
-3.87% nike brand apparel
4,712 5,256 nike brand equipment
45.4% 48.7% total nike brand revenue
508 1,070 sale growth
4.9% 9.9% earning befor interest or taxes
245 642 profit margin
2.4% 5.9%

2009 2008
1,471 1,995 Nike
1,649 1,290 Profitability
Net Profit Margin
2009 2008

0.0% 0.0%
45.4% 48.7%
4.9% 9.9%

2008
725,244

2008
10,799,000
12,308,737
 2012 2011 2010
13,426,000 11,518,000 10,332,000
6,333 5,513 5,037
1,202 1,035 1,035
20,961,000 18,049,000 16,404,000
16% 10%
4,738 4,289 3,932
22.6% 23.6% 24.0%

2012 2011 2010

22.6% 23.6% 24.0%