$LULU
lululemon athletica inc.

2012 Q3 Form 10-Q Financial Statement

#000119312512383973 Filed on September 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $282.6M $212.3M
YoY Change 33.12% 39.5%
Cost Of Revenue $126.9M $90.26M
YoY Change 40.58% 25.53%
Gross Profit $155.8M $122.1M
YoY Change 27.6% 52.01%
Gross Profit Margin 55.11% 57.49%
Selling, General & Admin $85.57M $62.58M
YoY Change 36.72% 35.76%
% of Gross Profit 54.94% 51.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.681M $7.521M
YoY Change 28.72% 13.95%
% of Gross Profit 6.22% 6.16%
Operating Expenses $85.57M $62.58M
YoY Change 36.72% 35.76%
Operating Profit $70.19M $59.48M
YoY Change 18.0% 73.93%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.166M $597.0K
YoY Change 95.31% -71.57%
Pretax Income $71.35M $60.08M
YoY Change 18.76% 65.51%
Income Tax $13.65M $21.46M
% Of Pretax Income 19.13% 35.72%
Net Earnings $57.22M $38.38M
YoY Change 49.1% 76.05%
Net Earnings / Revenue 20.25% 18.08%
Basic Earnings Per Share $0.40 $0.27
Diluted Earnings Per Share $0.39 $0.26
COMMON SHARES
Basic Shares Outstanding 144.0M shares 143.2M shares
Diluted Shares Outstanding 145.7M shares 145.2M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $444.3M $264.7M
YoY Change 67.85% 48.54%
Cash & Equivalents $444.3M $264.7M
Short-Term Investments
Other Short-Term Assets $27.20M $20.60M
YoY Change 32.04% 216.92%
Inventory $125.4M $88.90M
Prepaid Expenses $6.175M
Receivables $6.600M $3.600M
Other Receivables $0.00 $6.100M
Total Short-Term Assets $603.5M $384.0M
YoY Change 57.17% 48.21%
LONG-TERM ASSETS
Property, Plant & Equipment $181.1M $151.1M
YoY Change 19.87% 133.9%
Goodwill $26.04M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.095M $22.90M
YoY Change -77.75% 49.67%
Total Long-Term Assets $225.6M $202.5M
YoY Change 11.41% 93.59%
TOTAL ASSETS
Total Short-Term Assets $603.5M $384.0M
Total Long-Term Assets $225.6M $202.5M
Total Assets $829.1M $586.5M
YoY Change 41.37% 61.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.953M $4.400M
YoY Change 58.02% -39.73%
Accrued Expenses $19.50M $16.80M
YoY Change 16.07% 66.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $74.98M $65.00M
YoY Change 15.35% 39.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $27.82M $21.80M
YoY Change 27.6% 18.48%
Total Long-Term Liabilities $27.82M $21.80M
YoY Change 27.6% 18.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $74.98M $65.00M
Total Long-Term Liabilities $27.82M $21.80M
Total Liabilities $102.8M $91.10M
YoY Change 12.84% 22.61%
SHAREHOLDERS EQUITY
Retained Earnings $477.6M
YoY Change
Common Stock $224.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $720.7M $495.4M
YoY Change
Total Liabilities & Shareholders Equity $829.1M $586.5M
YoY Change 41.37% 61.26%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $57.22M $38.38M
YoY Change 49.1% 76.05%
Depreciation, Depletion And Amortization $9.681M $7.521M
YoY Change 28.72% 13.95%
Cash From Operating Activities $47.50M $13.80M
YoY Change 244.2% -37.27%
INVESTING ACTIVITIES
Capital Expenditures $26.35M $12.49M
YoY Change 110.92% -168.64%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$26.30M -$12.50M
YoY Change 110.4% -30.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 3.900M
YoY Change -56.41% 254.55%
NET CHANGE
Cash From Operating Activities 47.50M 13.80M
Cash From Investing Activities -26.30M -12.50M
Cash From Financing Activities 1.700M 3.900M
Net Change In Cash 22.90M 5.200M
YoY Change 340.38% 0.0%
FREE CASH FLOW
Cash From Operating Activities $47.50M $13.80M
Capital Expenditures $26.35M $12.49M
Free Cash Flow $21.15M $1.307M
YoY Change 1518.21% -96.75%

Facts In Submission

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dei Document Fiscal Period Focus
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dei Entity Central Index Key
EntityCentralIndexKey
0001397187
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--01-29
dei Trading Symbol
TradingSymbol
LULU
dei Entity Registrant Name
EntityRegistrantName
lululemon athletica inc.
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2076000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19479000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5349000
us-gaap Profit Loss
ProfitLoss
-104676000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39046000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5349000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143826000 shares
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2366000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3022000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-145329000
us-gaap Share Based Compensation
ShareBasedCompensation
8040000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1872000 shares
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
34849000
us-gaap Operating Income Loss
OperatingIncomeLoss
-143253000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8040000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21468000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
-255314000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
85000
us-gaap Net Income Loss
NetIncomeLoss
103865000
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
5121000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
100843000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-104676000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3401000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145698000 shares
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10470000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
46531000
us-gaap Gross Profit
GrossProfit
-313019000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
16210000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
-169766000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-40653000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-95000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
811000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39046000
us-gaap Sales Revenue Net
SalesRevenueNet
-568333000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5121000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8040000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
30 shares
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1845000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3282000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7601000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63520000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
5121000
lulu General Corporate Expenses
GeneralCorporateExpenses
49046000
lulu Income From Operations Before General Corporate Expense
IncomeFromOperationsBeforeGeneralCorporateExpense
192299000
lulu Sales Tax Collected
SalesTaxCollected
-7466000
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-597000
CY2011Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7521000
CY2011Q3 us-gaap Profit Loss
ProfitLoss
-38618000
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143163000 shares
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1077000
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-60080000
CY2011Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2065000 shares
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-59483000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2011Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
-90256000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
38379000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
37302000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145228000 shares
CY2011Q3 us-gaap Gross Profit
GrossProfit
-122067000
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
-62584000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-21462000
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
239000
CY2011Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12493000
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
-212323000
CY2011Q3 lulu General Corporate Expenses
GeneralCorporateExpenses
17472000
CY2011Q3 lulu Income From Operations Before General Corporate Expense
IncomeFromOperationsBeforeGeneralCorporateExpense
76955000
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1166000
CY2012Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9681000
CY2012Q3 us-gaap Profit Loss
ProfitLoss
-57702000
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143972000 shares
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10691000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-71354000
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1706000 shares
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-70188000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2012Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
-126879000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
57222000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145678000 shares
CY2012Q3 us-gaap Gross Profit
GrossProfit
-155755000
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
-85567000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13652000
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
480000
CY2012Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26350000
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
-282634000
CY2012Q3 lulu General Corporate Expenses
GeneralCorporateExpenses
23945000
CY2012Q3 lulu Income From Operations Before General Corporate Expense
IncomeFromOperationsBeforeGeneralCorporateExpense
94133000
CY2012Q3 lulu Number Of Common Stock Exchanged For Awards
NumberOfCommonStockExchangedForAwards
1033 shares
CY2012Q3 lulu Share Based Compensation Arrangement By Share Based Payment Award Options Grants Or Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsOrForfeituresInPeriod
0 shares
CY2012Q3 lulu Stock Cancelled During Period Shares Conversion Of Convertible Securities
StockCancelledDuringPeriodSharesConversionOfConvertibleSecurities
1033 shares

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d391957d10q.htm Edgar Link pending
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lulu-20120729.xml Edgar Link completed
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