Stock Analysis on Net

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

lululemon athletica inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
May 4, 2025 Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Accounts payable 4.09 3.57 5.45 4.71 3.83 4.91 5.14 4.99 5.16 3.08 5.67 5.28 6.56 5.86 4.97 4.62 4.55 4.12 4.43 3.51 2.47 2.44 4.07 4.10 3.58
Accrued liabilities and other 6.82 7.36 7.93 5.88 5.48 4.91 6.52 6.66 6.15 7.12 6.73 7.01 7.73 6.69 7.10 6.86 6.19 5.42 5.54 5.98 0.31 0.19 0.35 0.33 0.36
Accrued compensation and related expenses 1.94 2.69 2.68 2.59 1.95 4.60 4.16 3.21 2.24 4.43 3.47 3.12 2.54 4.15 3.98 3.41 3.57 3.11 2.66 2.41 2.17 4.07 3.45 3.74 3.06
Current operating lease liabilities 3.79 3.62 4.10 4.12 3.73 3.51 3.61 3.62 3.78 3.71 3.54 3.99 3.80 3.82 3.84 3.41 3.88 3.97 3.81 4.23 4.52 3.92 4.60 4.83 5.16
Current income taxes payable 0.42 2.41 1.37 0.29 0.78 0.17 0.45 0.34 0.54 3.11 1.52 1.03 0.47 2.71 0.94 0.31 0.18 0.20 0.16 2.15 0.90 0.81 0.43 0.19 0.38
Unredeemed gift card liability 3.65 4.06 3.36 3.72 3.93 4.32 3.54 3.61 4.02 4.49 3.23 3.51 3.92 4.21 3.01 3.11 3.26 3.72 2.89 3.05 3.29 3.67 2.63 2.95 3.46
Other current liabilities 0.44 0.49 0.57 0.48 0.57 0.57 0.63 0.71 0.66 0.68 0.75 0.59 0.68 0.99 0.62 0.55 0.64 0.56 0.66 0.51 6.08 3.81 4.60 4.37 4.41
Current liabilities 21.16% 24.20% 25.46% 21.78% 20.26% 23.00% 24.05% 23.14% 22.56% 26.61% 24.91% 24.53% 25.69% 28.43% 24.45% 22.28% 22.28% 21.10% 20.15% 21.85% 19.72% 18.91% 20.13% 20.51% 20.42%
Non-current operating lease liabilities 19.18 17.11 17.28 17.51 16.81 16.27 15.79 16.30 15.95 15.38 16.02 15.40 15.46 14.00 14.97 14.64 14.25 15.11 17.51 18.11 19.97 18.63 19.75 21.09 21.83
Non-current income taxes payable 0.00 0.00 0.00 0.00 0.23 0.22 0.26 0.26 0.51 0.51 0.54 0.58 0.61 0.77 0.83 0.86 0.88 1.03 1.19 1.23 1.51 1.47 1.69 1.79 1.55
Deferred income tax liabilities 1.32 1.29 0.47 0.43 0.43 0.42 0.89 0.92 0.98 0.98 0.96 1.08 1.13 1.08 1.32 1.36 1.40 1.40 1.30 1.34 1.27 1.32 0.50 0.52 0.56
Other non-current liabilities 0.61 0.54 0.53 0.51 0.48 0.41 0.46 0.41 0.41 0.36 0.33 0.33 0.31 0.28 0.28 0.22 0.22 0.21 0.23 0.20 0.20 0.17 0.19 0.15 0.15
Non-current liabilities 21.11% 18.93% 18.27% 18.44% 17.94% 17.32% 17.41% 17.90% 17.85% 17.23% 17.84% 17.39% 17.51% 16.13% 17.40% 17.08% 16.75% 17.76% 20.23% 20.88% 22.94% 21.60% 22.12% 23.56% 24.09%
Total liabilities 42.27% 43.13% 43.73% 40.22% 38.20% 40.33% 41.45% 41.03% 40.41% 43.84% 42.76% 41.92% 43.20% 44.56% 41.85% 39.36% 39.03% 38.87% 40.38% 42.73% 42.66% 40.51% 42.25% 44.06% 44.51%
Undesignated preferred stock, $0.01 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Exchangeable stock, no par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Special voting stock, $0.000005 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.005 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Additional paid-in capital 8.51 8.39 8.62 8.74 8.35 8.11 8.91 8.43 8.59 8.47 8.58 8.80 8.79 8.55 8.89 8.67 8.42 9.29 10.32 10.26 10.44 10.84 12.03 12.24 12.88
Retained earnings 53.74 54.05 52.16 55.63 57.76 55.28 54.87 54.53 55.97 52.19 54.15 53.58 52.61 50.84 52.45 55.52 55.61 56.06 55.59 53.60 55.79 55.48 53.34 52.13 52.03
Accumulated other comprehensive loss -4.53 -5.58 -4.51 -4.59 -4.32 -3.73 -5.24 -4.00 -4.98 -4.50 -5.50 -4.31 -4.61 -3.96 -3.21 -3.56 -3.08 -4.23 -6.30 -6.61 -8.91 -6.84 -7.64 -8.46 -9.44
Stockholders’ equity 57.73% 56.87% 56.27% 59.78% 61.80% 59.67% 58.55% 58.97% 59.59% 56.16% 57.24% 58.08% 56.80% 55.44% 58.15% 60.64% 60.97% 61.13% 59.62% 57.27% 57.34% 59.49% 57.75% 55.94% 55.49%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).


Current Liabilities
The proportion of current liabilities relative to total liabilities and stockholders’ equity showed some fluctuations over the periods analyzed. Starting at 20.42% in May 2019, it peaked at 28.43% in January 2022, marking the highest proportion during this timeframe. After this peak, the current liabilities percentage generally decreased, ending at 21.16% in May 2025. This suggests variability in short-term obligations, with a notable increase around early 2022 potentially indicating higher operational demands or short-term financial adjustments during that period.
Accounts Payable
Accounts payable as a percentage of total liabilities and equity fluctuated moderately, starting from 3.58% in May 2019 and exhibiting a gradual increase reaching a local maximum of 6.56% in May 2022. Afterward, it decreased again to approximately 4.09% by May 2025. This pattern indicates shifts in vendor payment practices or credit terms, reaching a peak in mid-2022 before normalizing.
Accrued Liabilities and Other
This category showed a significant increase starting mid-2020, from around 0.31% in May 2020, sharply rising to over 7% from 2021 onward, with a slight decline toward mid-2025. The jump corresponds with a material change in the company’s accrued liabilities, possibly reflecting increased operational expenses, reserves, or adjustments in accrual accounting practices.
Accrued Compensation and Related Expenses
The accrued compensation and related expenses varied with no strong upward or downward trend, ranging between a low of about 1.94% in July 2024 to peaks near 4.6% in January 2024. The fluctuations might relate to payroll cycles, bonus accruals, or headcount changes over time, reflecting some periodic variability in employee-related obligations.
Operating Lease Liabilities
Current operating lease liabilities showed a gradual decline from 5.16% in May 2019 to around 3.5% in the mid-2020s, indicating reduced short-term lease commitments. Conversely, non-current operating lease liabilities decreased from 21.83% in May 2019 to approximately 14–16% between 2020 and early 2023, then rose steadily to 19.18% by May 2025. This suggests a shift from short-term to longer-term lease obligations or restructuring of lease contracts over time.
Income Taxes Payable
Current income taxes payable showed high variability with spikes in August 2020 (2.15%) and January 2023 (3.11%), suggesting periods of higher tax liabilities or settlements. Non-current income tax payable consistently decreased from 1.55% in May 2019 to near zero by the mid-2020s, indicating a reduction in deferred tax liabilities or reassessment of long-term tax exposures.
Unredeemed Gift Card Liability
This liability hovered between approximately 2.63% and 4.49% over the analyzed quarters without a clear long-term trend, indicating a relatively stable proportion of outstanding gift card obligations relative to total financing structure.
Other Current Liabilities
Initially higher at over 4% in 2019 and early 2020, other current liabilities sharply decreased around mid-2020 to values near 0.5–1%, maintaining lower levels throughout the remainder of the period. This might reflect reclassification or payoff of miscellaneous current obligations.
Total Liabilities
Total liabilities as a percentage of the aggregate funding structure decreased from 44.51% in May 2019 to a low of 38.2% in April 2024, followed by an increase to around 42.27% by May 2025. The decline may indicate deleveraging or an increase in equity funding, while the later rise suggests a renewed increment in liabilities.
Stockholders’ Equity
Stockholders’ equity showed an inverse trend to total liabilities, rising from 55.49% in May 2019 to a peak of 61.8% in April 2024, then declining to 57.73% by May 2025, reflecting changes in retained earnings and other equity components influencing the capital structure.
Retained Earnings
Retained earnings represented the largest component of equity, generally increasing over the periods from 52.03% in May 2019 to peaks above 57% in April 2024, before slightly declining thereafter. The growth is consistent with accumulated profits over time, supporting strengthened equity.
Additional Paid-in Capital
This element steadily decreased from 12.88% in May 2019 to below 8.5% around 2025, indicating possible redemption, repurchase, or amortization of contributed capital over the period analyzed.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss consistently showed negative values, moving from -9.44% in May 2019 to less negative figures around -3.08% in January 2021 but subsequently increasing in negative magnitude to approximately -5.58% by early 2025. This reflects fluctuations in unrealized gains or losses on certain investments or hedging activities impacting equity negatively.
Non-current Liabilities
Non-current liabilities exhibited a downward trend from 24.09% in May 2019 to below 17% in early 2020s, followed by a rebound to above 21% by May 2025. This pattern may reflect amortization or repayments of long-term debt followed by new borrowings or liability recognition towards the end of the period.