10-Q Filing

lululemon athletica inc. CIK: 1397187 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-262708`
Period End Date	20120430
Filing Date	20120607
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	lulu-20120429.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 34 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Undesignated preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Undesignated preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Undesignated preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Undesignated preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$409.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$424.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$316.29M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$5.20M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$4.85M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Exchangeable stock, par value	`ExchangeableStockParValue`	-	USD	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$104.10M	USD	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$107.68M	USD	Point-in-time
Exchangeable stock, par value	`ExchangeableStockParValue`	-	USD	Point-in-time
Exchangeable stock, shares authorized	`ExchangeableStockSharesAuthorized`	60.00M	shares	Point-in-time
Exchangeable stock, shares authorized	`ExchangeableStockSharesAuthorized`	60.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.36M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$527.09M	USD	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	32.40M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$558.11M	USD	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	33.41M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$168.37M	USD	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	33.41M	shares	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	32.40M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$162.94M	USD	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$31.52M	USD	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$31.87M	USD	Point-in-time
Special voting stock, par value	`SpecialVotingStockParValue`	-	USD	Point-in-time
Special voting stock, par value	`SpecialVotingStockParValue`	-	USD	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$8.50M	USD	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$8.59M	USD	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	33.41M	shares	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	32.40M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.12M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.14M	USD	Point-in-time
Total assets	`Assets`	$770.62M	USD	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	33.41M	shares	Point-in-time
Total assets	`Assets`	$734.63M	USD	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	32.40M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.52M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.14M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.54M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	111.52M	shares	Point-in-time
Accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$34.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.14M	shares	Point-in-time
Accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$26.16M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$13.94M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$22.88M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.80M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$17.70M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$22.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.83M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$26.38M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$25.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$97.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$128.45M	USD	Point-in-time
Undesignated preferred stock, $0.01 par value, 5,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Undesignated preferred stock, $0.01 par value, 5,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Exchangeable stock, no par value, 60,000 shares authorized, issued and outstanding 32,402 and 33,412	`ExchangeableStockValue`	-	USD	Point-in-time
Exchangeable stock, no par value, 60,000 shares authorized, issued and outstanding 32,402 and 33,412	`ExchangeableStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 32,402 and 33,412	`SpecialVotingStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 32,402 and 33,412	`SpecialVotingStockValue`	-	USD	Point-in-time
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 111,517 and 110,135	`CommonStockValue`	$551.00K	USD	Point-in-time
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 111,517 and 110,135	`CommonStockValue`	$558.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$205.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$218.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$420.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$373.72M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$29.09M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$21.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$668.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$601.38M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$5.14M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$4.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$734.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$770.62M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$285.70M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$186.78M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$128.43M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$77.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$157.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$109.73M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$84.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.04M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$51.69M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$73.06M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$910.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$904.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$52.59M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$73.97M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.07M	USD	1 Quarter
Net income	`ProfitLoss`	$33.52M	USD	1 Quarter
Net income	`ProfitLoss`	$46.97M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$331.00K	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$144.00K	USD	1 Quarter
Net income attributable to lululemon athletica inc.	`NetIncomeLoss`	$33.37M	USD	1 Quarter
Net income attributable to lululemon athletica inc.	`NetIncomeLoss`	$46.64M	USD	1 Quarter
Net basic earnings per share	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Net basic earnings per share	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Net diluted earnings per share	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Net diluted earnings per share	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	143.68M	shares	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	142.76M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	144.91M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.64M	shares	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$7.54M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$17.16M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$54.19M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$50.54M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to lululemon athletica inc.	`NetIncomeLoss`	$33.37M	USD	1 Quarter
Net income attributable to lululemon athletica inc.	`NetIncomeLoss`	$46.64M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$331.00K	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$144.00K	USD	1 Quarter
Net income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$33.52M	USD	1 Quarter
Net income	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$46.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-298.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$81.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.73M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.89M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.19M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.24M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.84M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.55M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.22M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.10M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.41M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.53M	USD	1 Quarter
Sales tax collected	`SalesTaxCollected`	$1.33M	USD	1 Quarter
Sales tax collected	`SalesTaxCollected`	$-6.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$82.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-17.87M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.61M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.42M	USD	1 Quarter
Other non-cash balances	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.17M	USD	1 Quarter
Other non-cash balances	`IncreaseDecreaseInOtherOperatingCapitalNet`	$87.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.95M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.70M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.83M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.83M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.70M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.57M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.96M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.24M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.19M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.16M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.81M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.83M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.60M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.41M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.89M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$409.44M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$424.33M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$260.87M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$316.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$409.44M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$424.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.87M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$316.29M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$673.40M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.18M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$673.40M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.18M	USD	Point-in-time
Net income attributable to lululemon athletica inc.	`NetIncomeLoss`	$33.37M	USD	1 Quarter
Net income attributable to lululemon athletica inc.	`NetIncomeLoss`	$46.64M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$7.54M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$17.16M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.89M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.24M	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.57M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$331.00K	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$144.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.