10-Q Filing

lululemon athletica inc. CIK: 1397187 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001397187-17-000027`
Period End Date	20170430
Filing Date	20170601
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	lulu-20170430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 32 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Undesignated preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Undesignated preferred stock, par value (in USD 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`	$501.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$734.85M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$550.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$698.29M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$10.71M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$9.20M	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
Exchangeable stock, shares authorized	`ExchangeableStockSharesAuthorized`	60.00M	shares	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$303.95M	USD	Point-in-time
Inventories	`InventoryFinishedGoodsNetOfReserves`	$298.43M	USD	Point-in-time
Exchangeable stock, shares authorized	`ExchangeableStockSharesAuthorized`	60.00M	shares	Point-in-time
Prepaid and receivable income taxes	`PrepaidTaxes`	$76.23M	USD	Point-in-time
Prepaid and receivable income taxes	`PrepaidTaxes`	$81.19M	USD	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	9.78M	shares	Point-in-time
Exchangeable stock, shares issued	`ExchangeableStockSharesIssued`	9.78M	shares	Point-in-time
Other prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$43.50M	USD	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	9.78M	shares	Point-in-time
Other prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.07M	USD	Point-in-time
Exchangeable stock, shares outstanding	`ExchangeableStockSharesOutstanding`	9.78M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.13B	USD	Point-in-time
Special voting stock, par value (in USD per share)	`SpecialVotingStockParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.16B	USD	Point-in-time
Special voting stock, par value (in USD per share)	`SpecialVotingStockParValue`	-	USD	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$398.83M	USD	Point-in-time
Special voting stock, shares authorized	`SpecialVotingStockSharesAuthorized`	60.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$423.50M	USD	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$24.56M	USD	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	9.78M	shares	Point-in-time
Goodwill and intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$24.25M	USD	Point-in-time
Special voting stock, shares issued	`SpecialVotingStockSharesIssued`	9.78M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$26.26M	USD	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	9.78M	shares	Point-in-time
Special voting stock, shares outstanding	`SpecialVotingStockSharesOutstanding`	9.78M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$32.51M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$20.49M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$21.06M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total assets	`Assets`	$1.66B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	127.13M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	127.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	127.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	127.30M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.53M	USD	Point-in-time
Accrued inventory liabilities	`AccruedInventoryPurchases`	$20.61M	USD	Point-in-time
Accrued inventory liabilities	`AccruedInventoryPurchases`	$8.60M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$39.08M	USD	Point-in-time
Accrued compensation and related expenses	`DeferredCompensationLiabilityCurrent`	$55.24M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$30.29M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$26.95M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$70.45M	USD	Point-in-time
Unredeemed gift card liability	`AccruedLiabilitiesForUnredeeemedGiftCards`	$59.40M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$52.02M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$51.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$205.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$241.45M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.26M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$6.95M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$48.86M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$48.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$297.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$261.65M	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; 9,781 and 9,781 issued and outstanding	`ExchangeableStockValue`	-	USD	Point-in-time
Exchangeable stock, no par value: 60,000 shares authorized; 9,781 and 9,781 issued and outstanding	`ExchangeableStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value: 60,000 shares authorized; 9,781 and 9,781 issued and outstanding	`SpecialVotingStockValue`	-	USD	Point-in-time
Special voting stock, $0.000005 par value: 60,000 shares authorized; 9,781 and 9,781 issued and outstanding	`SpecialVotingStockValue`	-	USD	Point-in-time
Common stock, $0.005 par value: 400,000 shares authorized; 127,131 and 127,304 issued and outstanding	`CommonStockValue`	$636.00K	USD	Point-in-time
Common stock, $0.005 par value: 400,000 shares authorized; 127,131 and 127,304 issued and outstanding	`CommonStockValue`	$637.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$267.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$266.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.29B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.31B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-233.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-201.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.66B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$495.52M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$520.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$256.38M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$263.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$256.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$239.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$199.14M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$181.54M	USD	1 Quarter
Asset impairment and restructuring costs	`RestructuringCostsAndAssetImpairmentCharges`	$12.33M	USD	1 Quarter
Asset impairment and restructuring costs	`RestructuringCostsAndAssetImpairmentCharges`	-	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$57.59M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$45.42M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$907.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-486.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.10M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.33M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.08M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.34M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-31.77M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$73.56M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$118.90M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-529.00K	USD	1 Quarter
Basic earnings per share (in USD per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic earnings per share (in USD per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted earnings per share (in USD per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted earnings per share (in USD per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Basic weighted-average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	137.26M	shares	1 Quarter
Basic weighted-average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	137.04M	shares	1 Quarter
Diluted weighted-average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	137.50M	shares	1 Quarter
Diluted weighted-average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	137.19M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$31.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.16M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.73M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.17M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$11.59M	USD	1 Quarter
Provision for inventories	`InventoryWriteDown`	$607.00K	USD	1 Quarter
Provision for inventories	`InventoryWriteDown`	$3.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.45M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.30M	USD	1 Quarter
Prepaid and receivable income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-4.96M	USD	1 Quarter
Prepaid and receivable income taxes	`IncreaseDecreaseInPrepaidTaxes`	$348.00K	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.77M	USD	1 Quarter
Other prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$220.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.05M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$6.18M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.53M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.80M	USD	1 Quarter
Accrued inventory liabilities	`IncreaseDecreaseinAccruedInventoryPurchases`	$12.37M	USD	1 Quarter
Accrued inventory liabilities	`IncreaseDecreaseinAccruedInventoryPurchases`	$-7.06M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.34M	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.04M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.20M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.24M	USD	1 Quarter
Unredeemed gift card liability	`IncreaseDecreaseInDeferredRevenue`	$-10.37M	USD	1 Quarter
Unredeemed gift card liability	`IncreaseDecreaseInDeferredRevenue`	$-9.04M	USD	1 Quarter
Other accrued and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-137.00K	USD	1 Quarter
Other accrued and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$208.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.03M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.40M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.64M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.88M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.64M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.88M	USD	1 Quarter
Proceeds from settlement of stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$278.00K	USD	1 Quarter
Proceeds from settlement of stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.58M	USD	1 Quarter
Taxes paid related to net share settlement of stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.96M	USD	1 Quarter
Taxes paid related to net share settlement of stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.44M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$12.80M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.77M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.49M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.62M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$48.80M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-21.59M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.56M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.56M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$501.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$734.85M	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`	$698.29M	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`	$734.85M	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`	$698.29M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Net income	`NetIncomeLoss`	$31.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.34M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-31.77M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$73.56M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.73M	USD	1 Quarter
Common stock issued upon settlement of stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$278.00K	USD	1 Quarter
Shares withheld related to net share settlement of stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.96M	USD	1 Quarter
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	200,000.00	shares	1 Quarter
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	200,000.00	shares	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$15.80M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$12.80M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time

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