Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

lululemon athletica inc., adjusted total assets

US$ in thousands

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
As Reported
Total assets	7,091,941)	5,607,038)	4,942,478)	4,185,215)	3,281,354)	2,084,711)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	783,913)
Less: Deferred income tax assets²	9,176)	6,402)	6,091)	6,731)	31,435)	26,549)
After Adjustment
Adjusted total assets	7,082,765)	5,600,636)	4,936,387)	4,178,484)	3,249,919)	2,842,075)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred income tax assets. See details »

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lululemon athletica inc., adjusted current liabilities

US$ in thousands

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
As Reported
Current liabilities	1,631,261)	1,492,198)	1,405,334)	883,178)	620,418)	500,477)
Adjustments
Less: Current unredeemed gift card liability	306,479)	251,478)	208,195)	155,848)	120,413)	99,412)
After Adjustment
Adjusted current liabilities	1,324,782)	1,240,720)	1,197,139)	727,330)	500,005)	401,065)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

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lululemon athletica inc., adjusted total liabilities

US$ in thousands

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
As Reported
Total liabilities	2,859,860)	2,458,239)	2,202,432)	1,626,649)	1,329,136)	638,736)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	783,913)
Less: Deferred income tax liabilities²	29,522)	55,084)	53,352)	58,755)	43,432)	14,249)
Less: Unredeemed gift card liability	306,479)	251,478)	208,195)	155,848)	120,413)	99,412)
After Adjustment
Adjusted total liabilities	2,523,859)	2,151,677)	1,940,885)	1,412,046)	1,165,291)	1,308,988)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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lululemon athletica inc., adjusted stockholders’ equity

US$ in thousands

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
As Reported
Stockholders’ equity	4,232,081)	3,148,799)	2,740,046)	2,558,566)	1,952,218)	1,445,975)
Adjustments
Less: Net deferred income tax assets (liabilities)¹	(20,346)	(48,682)	(47,261)	(52,024)	(11,997)	12,300)
Add: Unredeemed gift card liability	306,479)	251,478)	208,195)	155,848)	120,413)	99,412)
After Adjustment
Adjusted stockholders’ equity	4,558,906)	3,448,959)	2,995,502)	2,766,438)	2,084,628)	1,533,087)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ Net deferred income tax assets (liabilities). See details »

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lululemon athletica inc., adjusted capitalization table

US$ in thousands

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
As Reported
Total reported debt	—)	—)	—)	—)	—)	—)
Stockholders’ equity	4,232,081)	3,148,799)	2,740,046)	2,558,566)	1,952,218)	1,445,975)
Total reported capital	4,232,081)	3,148,799)	2,740,046)	2,558,566)	1,952,218)	1,445,975)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	783,913)
Add: Current operating lease liabilities²	249,270)	207,972)	188,996)	166,091)	128,497)	—)
Add: Non-current operating lease liabilities³	1,154,012)	862,362)	692,056)	632,590)	611,464)	—)
Adjusted total debt	1,403,282)	1,070,334)	881,052)	798,681)	739,961)	783,913)
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)⁴	(20,346)	(48,682)	(47,261)	(52,024)	(11,997)	12,300)
Add: Unredeemed gift card liability	306,479)	251,478)	208,195)	155,848)	120,413)	99,412)
Adjusted stockholders’ equity	4,558,906)	3,448,959)	2,995,502)	2,766,438)	2,084,628)	1,533,087)
After Adjustment
Adjusted total capital	5,962,188)	4,519,293)	3,876,554)	3,565,119)	2,824,589)	2,317,000)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Non-current operating lease liabilities. See details »

⁴ Net deferred income tax assets (liabilities). See details »

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lululemon athletica inc., adjusted net revenue

US$ in thousands

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
As Reported
Net revenue	9,619,278)	8,110,518)	6,256,617)	4,401,879)	3,979,296)	3,288,319)
Adjustment
Add: Increase (decrease) in unredeemed gift card liability	55,001)	43,283)	52,347)	35,435)	21,001)	16,744)
After Adjustment
Adjusted net revenue	9,674,279)	8,153,801)	6,308,964)	4,437,314)	4,000,297)	3,305,063)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

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lululemon athletica inc., adjusted net income

US$ in thousands

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
As Reported
Net income	1,550,190)	854,800)	975,322)	588,913)	645,596)	483,801)
Adjustments
Add: Deferred income tax expense (benefit)¹	(26,747)	9,400)	(6,867)	34,125)	24,394)	18,954)
Add: Increase (decrease) in unredeemed gift card liability	55,001)	43,283)	52,347)	35,435)	21,001)	16,744)
Add: Other comprehensive income (loss), net of tax	(11,672)	(56,667)	(18,762)	47,426)	(7,773)	(73,885)
After Adjustment
Adjusted net income	1,566,772)	850,816)	1,002,040)	705,899)	683,218)	445,614)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ Deferred income tax expense (benefit). See details »

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lululemon athletica inc. (NASDAQ:LULU)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income