Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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lululemon athletica inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Price to Operating Profit (P/OP) since 2008
- Price to Book Value (P/BV) since 2008
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lululemon athletica inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 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).
Total assets exhibited a generally increasing trend over the analyzed period, though with notable fluctuations. Beginning at approximately $3.2 billion in May 2020, total assets peaked at nearly $7.1 billion in January 2024 before decreasing to approximately $8.46 billion in February 2026. This growth was not linear, with periods of decline observed, particularly between May 2020 and August 2020, and again between January 2024 and May 2024.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated significant volatility. A substantial increase occurred between May 2020 and January 2021, rising from $823 million to over $1.15 billion. Subsequently, a decrease was observed through October 2022, reaching a low of $353 million. A large surge occurred in January 2023, exceeding $1.15 billion, followed by another decline to approximately $1.19 billion by October 2024. The most recent period shows a further increase to $1.98 billion in February 2025, and $1.81 billion in February 2026.
- Accounts Receivable, Net
- Accounts receivable, net, generally trended upward throughout the period. Starting at $49 million in May 2020, it increased to $250 million in November 2025, before decreasing to $191 million in February 2026. The rate of increase was not consistent, with periods of slower growth and some minor declines. The increase suggests a potential rise in credit sales or extended payment terms.
- Inventories
- Inventories experienced a substantial increase over the analyzed timeframe. Beginning at $626 million in May 2020, inventories rose to a peak of $1.998 billion in November 2025, before decreasing to $1.701 billion in February 2026. This significant growth could indicate increased production, higher raw material costs, or potential challenges in managing inventory turnover. The increase from July 2022 to November 2025 is particularly noteworthy.
- Prepaid and Receivable Income Taxes
- Prepaid and receivable income taxes showed a general upward trend, with considerable fluctuation. Starting at $89 million in May 2020, it increased to $430 million in November 2025, before decreasing to $352 million in February 2026. This suggests changes in tax planning or timing of tax payments and refunds.
- Prepaid Expenses and Other Current Assets
- Prepaid expenses and other current assets exhibited a moderate increase over the period, fluctuating between $108 million and $251 million. The trend is generally upward, but with less pronounced swings than observed in other asset categories.
- Property and Equipment, Net
- Property and equipment, net, consistently increased throughout the period, rising from $659 million in May 2020 to $2.034 billion in February 2026. This indicates ongoing investment in fixed assets, potentially supporting business expansion or modernization.
- Right-of-Use Operating Lease Assets
- Right-of-use operating lease assets also demonstrated a consistent upward trend, increasing from $732 million in May 2020 to $1.630 billion in February 2026. This suggests an increasing reliance on leased assets rather than owned property.
- Goodwill and Intangible Assets
- Goodwill was initially present at $387 million in August 2020, remaining relatively stable until a significant reduction to $24 million in January 2023. Intangible assets followed a similar pattern, decreasing over time. In February 2026, goodwill was $185 million and intangible assets were $6.3 million. This reduction could be attributed to impairment charges or asset sales.
- Other Non-Current Assets
- Other non-current assets showed a general increasing trend, rising from $61 million in May 2020 to $315 million in February 2026. This suggests an accumulation of long-term assets not categorized elsewhere.
In summary, the asset base experienced substantial growth, driven primarily by increases in inventories, property and equipment, and right-of-use lease assets. The volatility in cash and cash equivalents, coupled with the reduction in goodwill and intangible assets, warrants further investigation. The increasing accounts receivable and inventories suggest potential changes in sales strategies and inventory management practices.