10-Q Filing

lululemon athletica inc. CIK: 1397187 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001397187-16-000108`
Period End Date	20160430
Filing Date	20160608
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	lulu-20160501.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 30 Cash Flow Statement 56 Stockholders Equity 16

Balance Sheet 92 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`	$501.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$550.05M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$655.88M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$13.11M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$9.50M	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
Inventories	`InventoryFinishedGoodsNetOfReserves`	$286.23M	USD	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$284.01M	USD	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	9.80M	shares	Point-in-time
Prepaid and receivable income taxes	`PrepaidTaxes`	$91.45M	USD	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	9.80M	shares	Point-in-time
Prepaid and receivable income taxes	`PrepaidTaxes`	$92.09M	USD	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	9.80M	shares	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	9.80M	shares	Point-in-time
Other prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.32M	USD	Point-in-time
Other prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$917.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$971.19M	USD	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
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$349.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$377.81M	USD	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$25.32M	USD	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	9.80M	shares	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	9.80M	shares	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$24.78M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$13.04M	USD	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	9.80M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$11.80M	USD	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	9.80M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$10.85M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$14.29M	USD	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
Total assets	`Assets`	$1.40B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total assets	`Assets`	$1.31B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	127.48M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	127.36M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	127.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	127.36M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.38M	USD	Point-in-time
Accrued inventory liabilities	`AccruedInventoryPurchases`	$21.90M	USD	Point-in-time
Accrued inventory liabilities	`AccruedInventoryPurchases`	$25.45M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$35.08M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$43.52M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$37.74M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$36.89M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$50.39M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$57.74M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$50.68M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$51.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$225.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$202.43M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$11.38M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$10.76M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$51.62M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$50.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$265.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$286.60M	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; 9,804 and 9,804 issued and outstanding	`ExchangeableStockValue`	-	USD	Point-in-time
Exchangeable stock, no par value: 60,000 shares authorized; 9,804 and 9,804 issued and outstanding	`ExchangeableStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value: 60,000 shares authorized; 9,804 and 9,804 issued and outstanding	`SpecialVotingStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value: 60,000 shares authorized; 9,804 and 9,804 issued and outstanding	`SpecialVotingStockValue`	-	USD	Point-in-time
Common stock, $0.005 par value: 400,000 shares authorized; 127,359 and 127,482 issued and outstanding	`CommonStockValue`	$637.00K	USD	Point-in-time
Common stock, $0.005 par value: 400,000 shares authorized; 127,359 and 127,482 issued and outstanding	`CommonStockValue`	$637.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$250.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$245.53M	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`	$-238.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-164.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.31B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.40B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$495.52M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$423.54M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$256.38M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$217.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$205.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$239.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$137.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$181.54M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$57.59M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$68.04M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$529.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-486.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$68.56M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.77M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.34M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$73.56M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$22.61M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$118.90M	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`	$0.33	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	137.26M	shares	1 Quarter
Basic weighted-average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	141.97M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	137.50M	shares	1 Quarter
Diluted weighted-average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.34M	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`	$45.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.18M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.17M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.07M	USD	1 Quarter
Tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$293.00K	USD	1 Quarter
Tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$209.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$25.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.91M	USD	1 Quarter
Prepaid and receivable income taxes	`IncreaseDecreaseInPrepaidTaxes`	$348.00K	USD	1 Quarter
Prepaid and receivable income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-2.18M	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.41M	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$220.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.53M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.09M	USD	1 Quarter
Accrued inventory liabilities	`IncreaseDecreaseinAccruedInventoryPurchases`	$16.00M	USD	1 Quarter
Accrued inventory liabilities	`IncreaseDecreaseinAccruedInventoryPurchases`	$-7.06M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.85M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.20M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-19.43M	USD	1 Quarter
Unredeemed gift card liability	`IncreaseDecreaseInDeferredRevenue`	$-7.51M	USD	1 Quarter
Unredeemed gift card liability	`IncreaseDecreaseInDeferredRevenue`	$-9.04M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.19M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-456.00K	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.27M	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.73M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.94M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.64M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.64M	USD	1 Quarter
Proceeds from settlement of stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.80M	USD	1 Quarter
Proceeds from settlement of stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.58M	USD	1 Quarter
Tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$293.00K	USD	1 Quarter
Tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$209.00K	USD	1 Quarter
Taxes paid related to net share settlement of stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.44M	USD	1 Quarter
Taxes paid related to net share settlement of stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.24M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.77M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.82M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.04M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.33M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$48.80M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.44M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.56M	USD	1 Quarter
Increase (decrease) 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`	$501.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$550.05M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$655.88M	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`	$501.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$550.05M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$655.88M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Point-in-time
Net income	`NetIncomeLoss`	$47.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.34M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$73.56M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$22.61M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.17M	USD	1 Quarter
Tax benefits from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$293.00K	USD	1 Quarter
Common stock issued upon settlement of stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.58M	USD	1 Quarter
Shares withheld related to net share settlement of stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.44M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$18.80M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$15.77M	USD	1 Quarter
Repurchase of common stock, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	300,000.00	shares	1 Quarter
Repurchase of common stock, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	200,000.00	shares	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Point-in-time

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