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'Running paves the way to establish Under Armour' – Mr Plank
05 May '09
3 min read
Balance Sheet Highlights
Cash and cash equivalents were $65.6 million at March 31, 2009 compared with $17.6 million at March 31, 2008. The Company had no borrowings outstanding under its $200 million revolving credit facility at March 31, 2009. Inventory at quarter-end decreased 2.1% to $164.4 million compared with $167.9 million at March 31, 2008.
Brad Dickerson, Chief Financial Officer of Under Armour, Inc., stated, "We will continue to focus on the financial strength of our organization, controlling costs while prioritizing investments, and protecting our balance sheet through efforts targeted at working capital efficiency and liquidity. Progress made in the areas of cost management and inventory management will be key to the success of the organization long-term."
Cash and cash equivalents were $65.6 million at March 31, 2009 compared with $17.6 million at March 31, 2008. The Company had no borrowings outstanding under its $200 million revolving credit facility at March 31, 2009. Inventory at quarter-end decreased 2.1% to $164.4 million compared with $167.9 million at March 31, 2008.
Brad Dickerson, Chief Financial Officer of Under Armour, Inc., stated, "We will continue to focus on the financial strength of our organization, controlling costs while prioritizing investments, and protecting our balance sheet through efforts targeted at working capital efficiency and liquidity. Progress made in the areas of cost management and inventory management will be key to the success of the organization long-term."
Under Armour Inc
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