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:
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2008
- Price to Book Value (P/BV) since 2008
- Aggregate Accruals
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lululemon athletica inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 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).
Total assets exhibit a substantial long-term growth trajectory, increasing from approximately $3.20 billion in May 2020 to $8.53 billion by May 2026. This expansion is characterized by a simultaneous increase in both liquid current assets and long-term infrastructure investments, indicating a strategy of aggressive operational scaling.
- Current Asset Dynamics
- Current assets grew from $1.69 billion to $3.99 billion over the analyzed period. A primary driver of this growth is the expansion of inventories, which rose from $625.8 million in May 2020 to $1.69 billion in May 2026, reflecting an increase in product availability to support higher sales volumes. Cash and cash equivalents demonstrated significant volatility, peaking at $2.24 billion in January 2024 before stabilizing around $1.51 billion by May 2026. Accounts receivable also showed a steady upward trend, increasing from $48.7 million to $165.0 million, consistent with broader revenue growth.
- Fixed Asset and Infrastructure Expansion
- Non-current assets experienced a marked increase, rising from $1.51 billion to $4.54 billion. Property and equipment, net, grew consistently from $659.3 million to $2.05 billion, indicating sustained capital expenditure in physical infrastructure. Parallel to this, right-of-use operating lease assets increased from $731.9 million to $1.95 billion, suggesting a heavy reliance on leased retail spaces to facilitate geographic expansion.
- Intangible Assets and Strategic Adjustments
- A notable shift occurred in the valuation of goodwill and intangible assets. Goodwill remained stable around $386 million until January 2023, when it dropped sharply to $24.1 million, suggesting a significant impairment or accounting restructuring. Following this decline, goodwill began a gradual recovery, reaching $184.9 million by May 2026. Intangible assets, net, showed a persistent decline over the long term, falling from $84.5 million in August 2020 to $4.4 million in May 2026, likely due to scheduled amortization.
- Other Asset Trends
- Other non-current assets showed a steady increase from $60.9 million to $328.3 million. Additionally, prepaid and receivable income taxes exhibited growth from $89.3 million to $422.2 million, reflecting the increased tax complexities and obligations associated with a larger corporate footprint.