Common-Size Balance Sheet: Assets
Quarterly Data
lululemon athletica inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
- Cash and cash equivalents
- Cash and equivalents as a percentage of total assets showed a fluctuating trend over the analyzed periods. Initially around the low-to-mid 20% range, it spiked above 30% at certain points such as February 2020 and January 2024, but generally decreased toward 10-20% in several quarters, indicating inconsistent cash holdings relative to total asset size.
- Accounts receivable, net
- This item demonstrated a gradual upward trend, rising from under 1% to consistently around 1.5-2.0% of total assets in later quarters. The increase suggests a buildup in receivables relative to assets, possibly reflecting higher sales on credit or slower collections.
- Inventories
- Inventory levels as a percentage of total assets increased notably over time. Starting near 18%, inventories rose to above 30% at peak, before again declining in recent periods to around 20-25%. This indicates periods of inventory buildup, potentially linked to supply chain or demand changes.
- Prepaid and receivable income taxes
- This category mostly remained stable around 2.5-4%, with some variability but no strong long-term trend, reflecting relatively consistent tax-related receivables versus total assets.
- Prepaid expenses and other current assets
- Prepaid expenses and other current assets increased moderately from roughly 2% to over 4% at several points, with some declines mid-period but a return to elevated levels later, indicating changing levels of prepayments and other short-term assets.
- Current assets
- Current assets as a whole maintained a broad range between approximately 43% and 57% of total assets, with noticeable peaks around early 2024. The evidence suggests overall variability in liquid and short-term assets but generally representing a significant portion of the asset base.
- Property and equipment, net
- This fixed asset category showed a moderately stable trend between 17% and 24%, with a mild increase toward the later periods. This implies steady investment in property and equipment relative to total assets.
- Right-of-use operating lease assets
- Right-of-use assets, representing leasehold assets, declined from about 25% to below 18% early on, then rebounded slightly to push back above 19% in the most recent periods. This volatility could be tied to changes in leasing strategies or lease term adjustments.
- Goodwill
- Goodwill percentages decreased sharply from levels exceeding 10% early in the data, dropping to near zero around 2023, with a minor resurgence afterward. This reflects significant impairment, disposal, or reclassification affecting intangible asset balances.
- Intangible assets, net
- Intangible assets also displayed a declining trend, falling from just above 2% to nearly negligible levels in recent quarters, corresponding with the goodwill decrease and suggesting reduced capitalization of intangible assets or write-downs.
- Deferred income tax assets
- Deferred income tax assets remained quite low, below 1%, with minor fluctuations but a slight increase toward the last few periods, maintaining a relatively minor position in total assets.
- Other non-current assets
- Other non-current assets demonstrated a gradual increase over time, growing from approximately 1.3% to over 3% of total assets, indicating an expanding proportion of miscellaneous long-term assets.
- Current vs Non-current assets
- The analysis reveals a dynamic composition between current and non-current assets. Current assets generally fluctuated between roughly 48% to 57%, while non-current assets inversely moved in the 42% to 52% range. This oscillation highlights shifting asset allocation between short-term liquidity and long-term investments.