Amer Sports(US:AS)2026-02-26 02:51Revenue and Currency Exposure - For the years ended December 31, 2025 and 2024, the company generated 76.3% and 72.8% of its revenue in currencies other than U.S. dollars[507]. - The company incurred 78.3% and 78.1% of its selling, general and administrative expenses in currencies other than U.S. dollars for the same periods[507]. - A simultaneous strengthening of 10% in the U.S. dollar against foreign currencies would decrease profit or loss by $42.2 million and $30.3 million for the years ended December 31, 2025 and 2024, respectively[507]. Financial Facilities and Management - The company has a five-year revolving credit facility of $710 million, which was not utilized as of December 31, 2025[511]. - The average payment time for outstanding sales was approximately 40 days as of December 31, 2025[513]. Innovation and Development - The company emphasizes innovation through continued investment in research and development at its innovation centers, including the Wilson Innovation Center and Arc'teryx design centers[514]. Revenue Recognition and Inventory Management - The company recognizes revenue from services mainly upon the delivery of goods when control has been transferred to the customer[519]. - Inventory is carried at the lower of cost and net realizable value, with estimates based on multiple factors including historical write-offs and anticipated sales volume[525]. Impairment Testing and Economic Factors - The recoverable amounts for goodwill impairment testing as of October 1, 2025, were estimated using discounted cash flow models based on a 10-year financial forecast[527]. - The company has experienced higher than expected inflation, which may affect its ability to offset increased costs through price increases[510].