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CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, in thousands, ercept per share amounts) 2020 2019 2018 $ 2,501,554 $ 3,042,478 $ 2,802,326 1,415,978 1,386.348 Net sales Cost of sales . Gross profit Selling, general and administrative expenses 1,277,665 1,526,808 1,223,889 1,515,670 COLUMBIA SPORTSWEAR COMPANY 1,098.948 1,136,186 1,051,152 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Net licensing income Income from operations 12,108 15,487 15,786 137,049 394,971 350,982 Interest income, net 435 8,302 9,876 2,156 405,429 2,039 Year Ended December 31, Other non-operating income (expense), net Income before income tax Income tax expense (141) 139,523 360,717 (in thousands) 2020 2019 2018 (31,510) (74,940) (85,769) Net income 2$ 108,013 $ 330,489 $ 274,948 Net income Net income attributable to non-controlling interest Other comprehensive income (loss): Unrealized holding gains (losses) on available-for-sale securities, net 108,013 330,489 274,948 6,692 4 56 (56) Unrealized holding gains (losses) on derivative transactions (net of tax effects of $6271, $830, and $(7,782), respectively). Net income attributable to Columbia Sportswear Company 108,013 $ 330,489 $ 268,256 (18,851) (2,383) 24,262 Earnings per share attributable to Columbia Sportswear Company: Basic. Foreign currency translation adjustments (net of tax effects of $(388), $2,188, and $1,557, respectively) 24,078 2,064 (18,079) 2$ 1.63 $ 4.87 $ 3.85 Other comprehensive income (loss) 5,231 (263) 6,127 Diluted 2$ 1.62 $ 4.83 $ 3.81 Comprehensive income 113,244 330,226 281,075 Weighted average shares outstanding: Comprehensive income attributable to non-controlling interest 7,480 Basic 66,376 67,837 69,614 Comprehensive income attributable to Columbia Sportswear Company $ 113,244 $ 330,226 $ 273,595 Diluted 66,772 68,493 70,401

CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, in thousands, ercept per share amounts) 2020 2019 2018 $ 2,501,554 $ 3,042,478 $ 2,802,326 1,415,978 1,386.348 Net sales Cost of sales . Gross profit Selling, general and administrative expenses 1,277,665 1,526,808 1,223,889 1,515,670 COLUMBIA SPORTSWEAR COMPANY 1,098.948 1,136,186 1,051,152 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Net licensing income Income from operations 12,108 15,487 15,786 137,049 394,971 350,982 Interest income, net 435 8,302 9,876 2,156 405,429 2,039 Year Ended December 31, Other non-operating income (expense), net Income before income tax Income tax expense (141) 139,523 360,717 (in thousands) 2020 2019 2018 (31,510) (74,940) (85,769) Net income 2$ 108,013 $ 330,489 $ 274,948 Net income Net income attributable to non-controlling interest Other comprehensive income (loss): Unrealized holding gains (losses) on available-for-sale securities, net 108,013 330,489 274,948 6,692 4 56 (56) Unrealized holding gains (losses) on derivative transactions (net of tax effects of $6271, $830, and $(7,782), respectively). Net income attributable to Columbia Sportswear Company 108,013 $ 330,489 $ 268,256 (18,851) (2,383) 24,262 Earnings per share attributable to Columbia Sportswear Company: Basic. Foreign currency translation adjustments (net of tax effects of $(388), $2,188, and $1,557, respectively) 24,078 2,064 (18,079) 2$ 1.63 $ 4.87 $ 3.85 Other comprehensive income (loss) 5,231 (263) 6,127 Diluted 2$ 1.62 $ 4.83 $ 3.81 Comprehensive income 113,244 330,226 281,075 Weighted average shares outstanding: Comprehensive income attributable to non-controlling interest 7,480 Basic 66,376 67,837 69,614 Comprehensive income attributable to Columbia Sportswear Company $ 113,244 $ 330,226 $ 273,595 Diluted 66,772 68,493 70,401

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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-Equity Ratio
-Debt to equity ratio
-Times interest earned
-Return on common stockholders equity

Figure each ratio out

12 108 COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, in thousands, except per share amounts) 2020 2019 2018 Net sales $ 2,501,554 $ 3,042,478 $ 2,802,326 Cost of sales 1,277,665 1,526,808 1,415,978 Gross profit. 1,223,889 1,515,670 1,386,348 COLUMBIA SPORTSWEAR COMPANY Selling, general and administrative expenses 1,098,948 1,136,186 1,051,152 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Net licensing income 12,108 15,487 15,786 204 074 394,971 Income from operations 137,049 350,982 Interest income, net 435 8,302 9,876 Other non-operating income (expense), net Income before income tax 2,039 Year Ended December 31, 2,156 405,429 (141) 360,717 139,523 fin thousands) 2020 2019 2018 Income tax expense (31,510) (74,940) Net income $ 108,013 $ 330,489 $ 274,948 (85,769) 274,948 Other comprehensive income (loss): Unrealized holding gains (losses) on available-for-sale securities, net Net income 108,013 330,489 Net income attributable to non-controlling interest. Net income attributable to Columbia Sportswear Company 6,692 56 (56) - Unrealized holding gains (losses) on derivative transactions (net of tax effects of $6.271, $830, and $(7,782), respectively). 108,013 $ 330,489 $ 268,256 (18,851) (2,383) 24,262 Earnings per share attributable to Columbia Sportswear Company: Foreign currency translation adjustments (net of tax effects of $(388), $2,188, and $1,557, respectively) (18,079) 24,078 2,064 Basic 2$ 1.63 $ 4.87 $ 3.85 Other comprehensive income (loss) Comprehensive income Comprehensive income attributable to non-controlling interest 5,231 (263) 6,127 Diluted 2$ 1.62 $ 4.83 $ 3.81 113,244 330,226 281,075 Weighted average shares outstanding: 7,480 Basic 66,376 67,837 69,614 Comprehensive income attributable to Columbia Sportswear Company 113,244 $ 330,226 $ 273,595 Diluted 66,772 68,493 70,401
Transcribed Image Text:12 108 COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, in thousands, except per share amounts) 2020 2019 2018 Net sales $ 2,501,554 $ 3,042,478 $ 2,802,326 Cost of sales 1,277,665 1,526,808 1,415,978 Gross profit. 1,223,889 1,515,670 1,386,348 COLUMBIA SPORTSWEAR COMPANY Selling, general and administrative expenses 1,098,948 1,136,186 1,051,152 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Net licensing income 12,108 15,487 15,786 204 074 394,971 Income from operations 137,049 350,982 Interest income, net 435 8,302 9,876 Other non-operating income (expense), net Income before income tax 2,039 Year Ended December 31, 2,156 405,429 (141) 360,717 139,523 fin thousands) 2020 2019 2018 Income tax expense (31,510) (74,940) Net income $ 108,013 $ 330,489 $ 274,948 (85,769) 274,948 Other comprehensive income (loss): Unrealized holding gains (losses) on available-for-sale securities, net Net income 108,013 330,489 Net income attributable to non-controlling interest. Net income attributable to Columbia Sportswear Company 6,692 56 (56) - Unrealized holding gains (losses) on derivative transactions (net of tax effects of $6.271, $830, and $(7,782), respectively). 108,013 $ 330,489 $ 268,256 (18,851) (2,383) 24,262 Earnings per share attributable to Columbia Sportswear Company: Foreign currency translation adjustments (net of tax effects of $(388), $2,188, and $1,557, respectively) (18,079) 24,078 2,064 Basic 2$ 1.63 $ 4.87 $ 3.85 Other comprehensive income (loss) Comprehensive income Comprehensive income attributable to non-controlling interest 5,231 (263) 6,127 Diluted 2$ 1.62 $ 4.83 $ 3.81 113,244 330,226 281,075 Weighted average shares outstanding: 7,480 Basic 66,376 67,837 69,614 Comprehensive income attributable to Columbia Sportswear Company 113,244 $ 330,226 $ 273,595 Diluted 66,772 68,493 70,401
December 31, (in thousands) 2019 2020 ASSETS Current Assets: Cash and cash equivalents. 790,725 $ 686,009 Short-term investments 1,224 1,668 Accounts receivable, net of allowance of $21,810 and $8,925, respectively . Inventories, net 452,945 488,233 556,530 605,968 Prepaid expenses and other current assets 54,197 93,868 Total current assets 1,855,621 1,875,746 Property, plant and equipment, net . Operating lease right-of-use assets Intangible assets, net 309,792 346,651 339,244 394,501 103,558 123,595 Goodwill 68,594 68,594 Deferred income taxes. 96,126 78,849 Other non-current assets 63,636 43,655 Total assets $ 2,836,571 $ 2,931,591 LIABILITIES AND EQUITY Current Liabilities: Accounts payable 206,697 $ 255,372 Accrued liabilities 257,278 295,723 Operating lease liabilities 65,466 64,019 Income taxes payable 23,181 15,801 Total current liabilities 552,622 630,915 Non-current operating lease liabilities Income taxes payable 353,181 371,507 49,922 48,427 Deferred income taxes 5,205 6,361 Other long-term liabilities 42,870 24,934 Total liabities 1,003,800 1,082,144 Commitments and contingencies (Note 12) Shareholders' Equity: Preferred stock; 10,000 shares authorized; none issued and outstanding Common stock (no par value); 250,000 shares authorized; 66,252 and 67,561 issued and outstanding, respectively 20,165 4,937 Retained earnings 1,811,800 1,848,935 Accumulated other comprehensive income (loss) 806 (4,425) Total shareholders' equity Total liabilities and shareholders' equity 1,832,771 1,849,447 $ 2,836,571 $ 2,931,591
Transcribed Image Text:December 31, (in thousands) 2019 2020 ASSETS Current Assets: Cash and cash equivalents. 790,725 $ 686,009 Short-term investments 1,224 1,668 Accounts receivable, net of allowance of $21,810 and $8,925, respectively . Inventories, net 452,945 488,233 556,530 605,968 Prepaid expenses and other current assets 54,197 93,868 Total current assets 1,855,621 1,875,746 Property, plant and equipment, net . Operating lease right-of-use assets Intangible assets, net 309,792 346,651 339,244 394,501 103,558 123,595 Goodwill 68,594 68,594 Deferred income taxes. 96,126 78,849 Other non-current assets 63,636 43,655 Total assets $ 2,836,571 $ 2,931,591 LIABILITIES AND EQUITY Current Liabilities: Accounts payable 206,697 $ 255,372 Accrued liabilities 257,278 295,723 Operating lease liabilities 65,466 64,019 Income taxes payable 23,181 15,801 Total current liabilities 552,622 630,915 Non-current operating lease liabilities Income taxes payable 353,181 371,507 49,922 48,427 Deferred income taxes 5,205 6,361 Other long-term liabilities 42,870 24,934 Total liabities 1,003,800 1,082,144 Commitments and contingencies (Note 12) Shareholders' Equity: Preferred stock; 10,000 shares authorized; none issued and outstanding Common stock (no par value); 250,000 shares authorized; 66,252 and 67,561 issued and outstanding, respectively 20,165 4,937 Retained earnings 1,811,800 1,848,935 Accumulated other comprehensive income (loss) 806 (4,425) Total shareholders' equity Total liabilities and shareholders' equity 1,832,771 1,849,447 $ 2,836,571 $ 2,931,591
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