$LULU
lululemon athletica inc.

2012 Q4 Form 10-Q Financial Statement

#000119312512492935 Filed on December 06, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q1 2011 Q4
Revenue $316.5M $371.5M $230.2M
YoY Change 37.5% 51.39% 30.95%
Cost Of Revenue $141.2M $162.5M $101.7M
YoY Change 38.87% 59.45% 28.74%
Gross Profit $175.3M $209.0M $128.5M
YoY Change 36.41% 45.68% 32.76%
Gross Profit Margin 55.38% 56.27% 55.82%
Selling, General & Admin $94.69M $92.98M $68.79M
YoY Change 37.65% 28.78% 28.82%
% of Gross Profit 54.02% 44.48% 53.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.50M $9.400M $7.326M
YoY Change 56.99% 51.61% 14.47%
% of Gross Profit 6.56% 4.5% 5.7%
Operating Expenses $94.69M $92.98M $68.79M
YoY Change 37.65% 28.78% 26.46%
Operating Profit $80.61M $116.1M $59.72M
YoY Change 34.98% 62.79% 40.85%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.424M $380.0K $619.0K
YoY Change 130.05% -24.0% 519.0%
Pretax Income $82.04M $116.4M $60.34M
YoY Change 35.95% 62.18% 41.98%
Income Tax $24.66M $42.56M $21.40M
% Of Pretax Income 30.05% 36.55% 35.46%
Net Earnings $57.32M $73.52M $38.79M
YoY Change 47.74% 34.16% 50.95%
Net Earnings / Revenue 18.11% 19.79% 16.85%
Basic Earnings Per Share $0.40 $0.51 $0.27
Diluted Earnings Per Share $0.39 $0.51 $0.27
COMMON SHARES
Basic Shares Outstanding 144.1M shares 143.4M shares
Diluted Shares Outstanding 145.7M shares 145.3M shares

Balance Sheet

Concept 2012 Q4 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $439.4M $409.4M $276.9M
YoY Change 58.69% 29.43% 23.18%
Cash & Equivalents $439.4M $409.4M $276.9M
Short-Term Investments
Other Short-Term Assets $28.90M $8.400M $10.90M
YoY Change 165.14% 31.25% 127.08%
Inventory $164.7M $104.1M $129.2M
Prepaid Expenses $8.299M $4.248M
Receivables $8.000M $5.200M $4.100M
Other Receivables $0.00 $0.00 $6.700M
Total Short-Term Assets $641.1M $527.1M $427.8M
YoY Change 49.86% 35.4% 37.25%
LONG-TERM ASSETS
Property, Plant & Equipment $204.1M $162.9M $153.1M
YoY Change 33.28% 129.49% 126.81%
Goodwill $25.99M $26.34M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.181M $4.141M $22.80M
YoY Change -81.66% -65.49% 71.43%
Total Long-Term Assets $247.7M $207.5M $208.3M
YoY Change 18.91% 88.67% 94.13%
TOTAL ASSETS
Total Short-Term Assets $641.1M $527.1M $427.8M
Total Long-Term Assets $247.7M $207.5M $208.3M
Total Assets $888.8M $734.6M $636.1M
YoY Change 39.72% 47.13% 51.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.569M $14.54M $6.000M
YoY Change 9.48% 116.96% -35.48%
Accrued Expenses $22.20M $22.90M $18.50M
YoY Change 20.0% 35.5% 60.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $91.19M $103.4M $82.50M
YoY Change 10.53% 21.12% 28.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $29.77M $25.01M $24.50M
YoY Change 21.51% 27.62% 28.27%
Total Long-Term Liabilities $29.77M $25.01M $24.50M
YoY Change 21.51% 27.62% 28.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.19M $103.4M $82.50M
Total Long-Term Liabilities $29.77M $25.01M $24.50M
Total Liabilities $121.0M $128.5M $111.4M
YoY Change 8.58% 17.96% 15.08%
SHAREHOLDERS EQUITY
Retained Earnings $534.9M $373.7M
YoY Change
Common Stock $211.8M $206.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $767.8M $601.4M $524.7M
YoY Change
Total Liabilities & Shareholders Equity $888.8M $734.6M $636.1M
YoY Change 39.72% 47.13% 51.81%

Cashflow Statement

Concept 2012 Q4 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income $57.32M $73.52M $38.79M
YoY Change 47.74% 34.16% 50.95%
Depreciation, Depletion And Amortization $11.50M $9.400M $7.326M
YoY Change 56.99% 51.61% 14.47%
Cash From Operating Activities $49.70M $150.1M $34.00M
YoY Change 46.18% 62.98% -36.21%
INVESTING ACTIVITIES
Capital Expenditures $33.00M -$16.00M $13.61M
YoY Change 142.5% 90.48% -232.1%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$33.00M -$16.00M -$19.00M
YoY Change 73.68% 90.48% 84.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.40M 900.0K 2.400M
YoY Change -1033.33% -84.48% 33.33%
NET CHANGE
Cash From Operating Activities 49.70M 150.1M 34.00M
Cash From Investing Activities -33.00M -16.00M -19.00M
Cash From Financing Activities -22.40M 900.0K 2.400M
Net Change In Cash -5.700M 135.0M 17.40M
YoY Change -132.76% 50.84% -61.16%
FREE CASH FLOW
Cash From Operating Activities $49.70M $150.1M $34.00M
Capital Expenditures $33.00M -$16.00M $13.61M
Free Cash Flow $16.71M $166.1M $20.39M
YoY Change -18.09% 65.27% -67.93%

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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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GeneralCorporateExpenses
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lulu Income From Operations Before General Corporate Expense
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lulu Sales Tax Collected
SalesTaxCollected
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-10-28
dei Entity Central Index Key
EntityCentralIndexKey
0001397187
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-03
dei Trading Symbol
TradingSymbol
LULU
dei Entity Registrant Name
EntityRegistrantName
lululemon athletica inc.
dei Amendment Flag
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dei Entity Filer Category
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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26013000
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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lulu General Corporate Expenses
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lulu Income From Operations Before General Corporate Expense
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lulu Number Of Common Stock Exchanged For Awards
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lulu Share Based Compensation Arrangement By Share Based Payment Award Options Grants Or Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsOrForfeituresInPeriod
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lulu Stock Cancelled During Period Shares Conversion Of Convertible Securities
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
60340000
CY2011Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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EarningsPerShareBasic
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230216000
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82035000
CY2012Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1691000 shares
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
80611000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2012Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
141237000
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NetIncomeLoss
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CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
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CY2012Q4 us-gaap Gross Profit
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175300000
CY2012Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
59958000
CY2012Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2012Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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316537000
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GeneralCorporateExpenses
26510000
CY2012Q4 lulu Income From Operations Before General Corporate Expense
IncomeFromOperationsBeforeGeneralCorporateExpense
107121000

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