10-Q Filing

lululemon athletica inc. CIK: 1397187 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001397187-14-000039`
Period End Date	20140430
Filing Date	20140612
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	lulu-20140504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Undesignated preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Undesignated preferred stock, par value (in dollars per share)	`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`	0.00	shares	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$588.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$751.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$590.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$698.65M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$7.85M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$11.90M	USD	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$177.38M	USD	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$186.09M	USD	Point-in-time
Exchangeable stock, par value (in dollars per share)	`ExchangeableStockParValue`	-	USD	Point-in-time
Exchangeable stock, par value (in dollars per share)	`ExchangeableStockParValue`	-	USD	Point-in-time
Exchangeable stock, shares authorized	`ExchangeableStockSharesAuthorized`	60.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$46.20M	USD	Point-in-time
Exchangeable stock, shares authorized	`ExchangeableStockSharesAuthorized`	60.00M	shares	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	29.95M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$981.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$942.84M	USD	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	29.94M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$271.37M	USD	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	29.95M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$255.60M	USD	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	29.94M	shares	Point-in-time
Special voting stock, par value (in dollars per share)	`SpecialVotingStockParValue`	-	USD	Point-in-time
Special voting stock, par value (in dollars per share)	`SpecialVotingStockParValue`	-	USD	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$28.11M	USD	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$28.20M	USD	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	$18.30M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	$5.00M	USD	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	29.94M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.75M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.10M	USD	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	29.95M	shares	Point-in-time
Total assets	`Assets`	$1.29B	USD	Point-in-time
Total assets	`Assets`	$1.25B	USD	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	29.94M	shares	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	29.95M	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`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
Common stock, shares issued	`CommonStockSharesIssued`	115.50M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.65M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	115.34M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.96M	USD	Point-in-time
Accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$43.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	115.34M	shares	Point-in-time
Accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$42.31M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	115.50M	shares	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$23.37M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$19.45M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$533.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$769.00K	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$38.34M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$30.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.48M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$57.09M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$39.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$153.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$162.58M	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 29,938 and 29,955	`ExchangeableStockValue`	-	USD	Point-in-time
Exchangeable stock, no par value, 60,000 shares authorized, issued and outstanding 29,938 and 29,955	`ExchangeableStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 29,938 and 29,955	`SpecialVotingStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 29,938 and 29,955	`SpecialVotingStockValue`	-	USD	Point-in-time
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 115,504 and 115,342	`CommonStockValue`	$577.00K	USD	Point-in-time
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 115,504 and 115,342	`CommonStockValue`	$578.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$240.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$240.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$942.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$923.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-68.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.10B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.29B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.25B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$345.78M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$384.62M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$175.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$188.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$195.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$170.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$104.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$65.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$69.80M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.64M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.50M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.44M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$67.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.98M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	144.48M	shares	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	145.38M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.86M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.85M	shares	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.39M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.45M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$42.83M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$31.37M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$47.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.98M	USD	1 Quarter
Provision for inventories	`InventoryWriteDown`	$-1.73M	USD	1 Quarter
Provision for inventories	`InventoryWriteDown`	$17.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.46M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.98M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.29M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$30.95M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$280.00K	USD	1 Quarter
Prepaid tax installments	`IncreaseDecreaseInPrepaidTaxes`	$4.64M	USD	1 Quarter
Prepaid tax installments	`IncreaseDecreaseInPrepaidTaxes`	$-5.90M	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$53.00K	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.07M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.23M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-11.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.71M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.80M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$7.85M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.09M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-236.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-37.79M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.75M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.81M	USD	1 Quarter
Other non-cash balances	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.61M	USD	1 Quarter
Other non-cash balances	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.12M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.14M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.98M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.45M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.98M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.45M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.57M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$163.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$280.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.80M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.22M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.65M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.36M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.56M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.44M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.76M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.32M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$588.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$751.97M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$590.18M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$698.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$588.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$751.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$590.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$698.65M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.13B	USD	Point-in-time
Net income	`NetIncomeLoss`	$47.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.98M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.39M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.98M	USD	1 Quarter
Common stock issued upon exchange of exchangeable shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.57M	USD	1 Quarter
Common stock issued upon settlement of performance-based restricted stock units	`StockIssuedDuringPeriodValuePerformanceUnitSettlements`	-	USD	1 Quarter
Shares withheld related to net share settlement of performance-based restricted stock units	`SharesWithheldRelatedToNetShareSettlementOfPerformanceStockUnitsValue`	$3.22M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.13B	USD	Point-in-time

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