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 2, 2026 May 3, 2026 Feb 1, 2026 Nov 2, 2025 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
Accounts payable 4.09 3.45 3.92 4.43 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
Accrued liabilities and other 6.89 6.87 7.84 7.81 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
Accrued compensation and related expenses 1.45 2.02 2.22 2.34 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
Current operating lease liabilities 4.32 4.19 3.53 3.99 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
Current income taxes payable 0.79 0.59 0.52 0.79 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
Unredeemed gift card liability 3.27 3.47 3.74 3.19 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
Other current liabilities 0.42 0.44 0.54 0.61 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
Current liabilities 21.23% 21.03% 22.32% 23.16% 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%
Non-current operating lease liabilities 20.91 20.85 17.73 18.17 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
Non-current income taxes payable 0.00 0.00 0.00 0.00 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
Deferred income tax liabilities 0.67 0.88 0.62 1.40 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
Other non-current liabilities 0.71 0.67 0.65 0.68 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
Non-current liabilities 22.30% 22.41% 19.01% 20.25% 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%
Total liabilities 43.53% 43.44% 41.33% 43.41% 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%
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 0.01 0.01 0.01 0.01 0.02 0.02 0.02
Additional paid-in capital 8.19 7.98 7.92 8.12 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
Retained earnings 51.43 51.12 53.48 52.85 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
Accumulated other comprehensive loss -3.16 -2.55 -2.73 -4.38 -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
Stockholders’ equity 56.47% 56.56% 58.67% 56.59% 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%
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: 2026-08-02), 10-Q (reporting date: 2026-05-03), 10-K (reporting date: 2026-02-01), 10-Q (reporting date: 2025-11-02), 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).

The capital structure exhibits a consistent reliance on equity financing, with stockholders' equity typically representing between 55% and 62% of total liabilities and stockholders' equity. Total liabilities have remained relatively stable over the analyzed period, generally fluctuating between 38% and 44%, indicating a disciplined approach to leverage.

Liability Composition and Trends
Current liabilities constitute a significant portion of the total obligations, peaking at 28.43% in January 2022 before stabilizing in the 20% to 25% range. Within this category, accrued liabilities and other expenses are a primary driver, often ranging from 5% to 8% of the total balance sheet. Accounts payable show moderate volatility, typically oscillating between 3% and 6%.
Non-current liabilities are dominated by non-current operating lease liabilities, which have shown a general upward trajectory in recent periods, reaching 20.91% by August 2026. This suggests a continued expansion or renewal of long-term physical footprints.
Stockholders' Equity Analysis
Retained earnings serve as the primary component of equity, consistently representing 50% to 58% of the total capital structure. This indicates a strong capacity for internal funding through accumulated profits.
Additional paid-in capital has experienced a gradual decline from 10.44% in May 2020 to approximately 8% in later periods, suggesting a reduction in the relative weight of contributed capital as retained earnings grow.
Accumulated other comprehensive loss has remained negative throughout the period. While it peaked at -8.91% in May 2020, it has generally moderated, fluctuating between -2.5% and -5.6% in the latter half of the data set.
Operational Liability Observations
Unredeemed gift card liabilities maintain a steady presence, typically ranging between 3% and 4.5%, reflecting consistent consumer engagement and deferred revenue patterns.
Accrued compensation and related expenses show cyclicality and a general downward trend in the most recent quarters, falling to 1.45% by August 2026 from highs of over 4% in previous years.

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