Stock Analysis on Net
Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

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
Aug 3, 2025 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 4.96 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 5.63 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 1.98 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 3.96 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 0.36 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 3.35 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 0.45 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 20.70% 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 19.47 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 0.00 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 0.83 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 0.69 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 20.99% 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 41.69% 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 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 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 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 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Additional paid-in capital 8.41 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 54.30 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 -4.40 -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 58.31% 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% 100.00%

Based on: 10-Q (reporting date: 2025-08-03), 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).

Overall Trends in Liabilities

Total liabilities as a percentage of total liabilities and stockholders’ equity have exhibited moderate fluctuation over the analyzed periods, ranging approximately between 38.2% and 44.56%. This suggests a relatively stable debt position with some episodic increases and decreases. Notably, a peak at 44.56% was observed around January 30, 2022, followed by a general decline to about 41.69% by August 3, 2025.

Current Liabilities

Current liabilities have generally ranged from about 18.91% to 28.43%, showing an increasing trend through early 2022 with a peak at 28.43% before decreasing to the lower 20% range towards 2024 and 2025. Key components such as accounts payable increased from low single digits in 2019 to peaks above 6% by mid-2022, before returning to the 4-5% range. Accrued liabilities and other current liabilities demonstrated significant variability, with accrued liabilities notably spiking to near 7-8% from mid-2020 through 2024, indicating potentially higher operational accruals or short-term obligations during that phase.

Non-Current Liabilities

Non-current liabilities showed a gradual decline from about 24.09% in mid-2019 to lower levels around 16.75% to 17.94% through 2021-2024. However, there was a notable increase near the end of the period, rising back above 20% by 2024 and 2025. The largest component, non-current operating lease liabilities, steadily declined from over 21% in 2019 to about 15-16% in later years, reflecting possible lease amortizations or reduced lease obligations, but with a slight resurgence close to 19% near 2024-2025.

Stockholders’ Equity Composition

Stockholders’ equity consistently represented the majority share of the total capital structure, ranging between approximately 55% and 61.8%. Retained earnings constituted the bulk of equity, fluctuating between roughly 50.84% and 57.76%. Additional paid-in capital exhibited a gradual decline from around 12.88% in 2019 to approximately 8.4-8.8% later on, suggesting limited recent equity issuances or changes in capital contributions.

Accumulated other comprehensive loss reduced in magnitude over time from about -9.44% to levels closer to -3.7% to -5.6%, indicating a decreasing impact of unrealized losses or other comprehensive items on equity.

Specific Liability Components Analysis

Accounts payable followed a somewhat cyclical pattern, peaking around mid-2022 and early 2023 before moderating. Accrued compensation and related expenses fluctuated significantly, with higher percentages around early 2021 and 2023-2024, followed by a downward trend towards 2% in 2024-2025, reflecting possible changes in payroll liabilities or bonuses accrued.

Current income taxes payable showed volatility, with several spikes particularly in early 2022 and 2023, and again near early 2025, indicating variable tax liabilities over quarters.

Unredeemed gift card liability remained relatively stable, fluctuating mostly between 3% and 4.5%, indicating a steady level of outstanding gift card obligations without major increases or decreases.

Lease-related Liabilities

Current operating lease liabilities decreased gradually from about 5.16% in 2019 to approximately 3.5-4% range by 2024-2025. Non-current operating lease liabilities also experienced a declining trend from over 21% to near 15-16% before slightly increasing again in the latest periods to about 19%, potentially reflecting new lease commitments or reclassification impacts.

Tax-related Liabilities

Non-current income taxes payable decreased steadily from above 1.5% in 2019 to below 0.3% by 2024, indicating reduced deferred or long-term tax obligations. Deferred income tax liabilities showed a peak in early 2020 at 1.32%, followed by a gradual decline to values below 0.5% in recent periods, except for an increase to about 1.29% in early 2025, suggesting some variability in timing differences or tax deferrals.

Other Liabilities

Other current liabilities showed a marked decrease from over 4% in 2019 to less than 1% from early 2020 onwards, remaining steady at low levels. Other non-current liabilities gradually increased from near 0.15% to around 0.6-0.7%, denoting mild growth in smaller long-term obligations.