10-Q Filing

lululemon athletica inc. CIK: 1397187 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001397187-15-000045`
Period End Date	20150430
Filing Date	20150609
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	lulu-20150503.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 30 Cash Flow Statement 56 Stockholders Equity 14

Balance Sheet 90 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$664.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$655.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$751.97M	USD	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`	$698.65M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$13.29M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$13.75M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$236.50M	USD	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$208.12M	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
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	9.83M	shares	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	9.83M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$67.12M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$64.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$972.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$951.01M	USD	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	9.83M	shares	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	9.83M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$296.01M	USD	Point-in-time
Special voting stock, par value (in dollars per share)	`SpecialVotingStockParValue`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$314.34M	USD	Point-in-time
Special voting stock, par value (in dollars per share)	`SpecialVotingStockParValue`	-	USD	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$26.28M	USD	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$26.16M	USD	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	9.83M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$16.02M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$16.29M	USD	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	9.83M	shares	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	9.83M	shares	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	9.83M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.02M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$7.01M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$1.30B	USD	Point-in-time
Total assets	`Assets`	$1.34B	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`	132.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	131.98M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	132.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	131.98M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.34M	USD	Point-in-time
Accrued inventory liabilities	`AccruedInventoryPurchases`	$22.30M	USD	Point-in-time
Accrued inventory liabilities	`AccruedInventoryPurchases`	$39.01M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$29.93M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$27.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.28M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$20.07M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$46.25M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$39.23M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$31.10M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$31.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$159.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$143.48M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$3.80M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$3.63M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$43.13M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$45.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$206.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$192.71M	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 9,833 and 9,833	`ExchangeableStockValue`	-	USD	Point-in-time
Exchangeable stock, no par value, 60,000 shares authorized, issued and outstanding 9,833 and 9,833	`ExchangeableStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 9,833 and 9,833	`SpecialVotingStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value, 60,000 shares authorized, issued and outstanding 9,833 and 9,833	`SpecialVotingStockValue`	-	USD	Point-in-time
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 131,978 and 132,112	`CommonStockValue`	$661.00K	USD	Point-in-time
Common stock, $0.005 par value, 400,000 shares authorized, issued and outstanding 131,978 and 132,112	`CommonStockValue`	$660.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$241.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$245.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.02B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.05B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-173.41M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-150.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.09B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.30B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$423.54M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$384.62M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$188.87M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$217.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$195.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$205.88M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$137.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$69.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$68.04M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$529.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.64M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$68.56M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.75M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.98M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$22.61M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.39M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$31.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$70.42M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.34	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`	$0.34	USD	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	141.97M	shares	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	145.38M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.34M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.86M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$47.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.07M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.98M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$30.95M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$209.00K	USD	1 Quarter
Prepaid tax installments	`IncreaseDecreaseInPrepaidTaxes`	$-5.90M	USD	1 Quarter
Prepaid tax installments	`IncreaseDecreaseInPrepaidTaxes`	$-2.18M	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$53.00K	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.92M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-9.21M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$25.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.09M	USD	1 Quarter
Accrued inventory liabilities	`IncreaseDecreaseinAccruedInventoryPurchases`	$16.00M	USD	1 Quarter
Accrued inventory liabilities	`IncreaseDecreaseinAccruedInventoryPurchases`	$1.53M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.19M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-139.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-236.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-19.43M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.85M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.81M	USD	1 Quarter
Other non-cash balances	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.73M	USD	1 Quarter
Other non-cash balances	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.94M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.97M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.94M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.45M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.45M	USD	1 Quarter
Proceeds from settlement of stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.57M	USD	1 Quarter
Proceeds from settlement of stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.80M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$209.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.22M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.24M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.82M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.65M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.04M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.44M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.44M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.32M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.60M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$664.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$655.88M	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`	$698.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$664.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$655.88M	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`	$698.65M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.15B	USD	Point-in-time
Net income	`NetIncomeLoss`	$47.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.98M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$22.61M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.39M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.07M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$209.00K	USD	1 Quarter
Common stock issued upon settlement of stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.80M	USD	1 Quarter
Shares withheld related to net share settlement of stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.24M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$18.82M	USD	1 Quarter
Repurchase of common stock, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	283,000.00	shares	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.09B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.15B	USD	Point-in-time

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