Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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lululemon athletica inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Accounts payable
Accrued operating expenses
Forward currency contract liabilities
Sales return allowances
Accrued freight
Accrued duty
Accrued digital marketing
Accrued capital expenditures
Accrued rent
Sales tax collected
Other
Accrued liabilities and other
Accrued compensation and related expenses
Current operating lease liabilities
Current income taxes payable
Unredeemed gift card liability
Other current liabilities
Current liabilities
Non-current operating lease liabilities
Non-current income taxes payable
Deferred income tax liabilities
Other non-current liabilities
Non-current liabilities
Total liabilities
Undesignated preferred stock, $0.01 par value; none issued and outstanding
Exchangeable stock, no par value
Special voting stock, $0.000005 par value
Common stock, $0.005 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2025-02-02), 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).


Liabilities

Total liabilities exhibited a consistent upward trend over the reported periods, rising from approximately $1.33 billion to $3.28 billion. This increase reflects growth in both current and non-current liabilities.

Current liabilities increased from about $620 million to $1.84 billion, showing significant fluctuations in accounts payable, which peaked at around $348 million before slightly decreasing. Accrued operating expenses generally increased, with a minor decline observed in the penultimate period.

Notably, some components such as accrued freight and accrued compensation showed variability but trended upward overall. The accrued digital marketing liability appeared only starting in 2024, increasing notably by 2025.

Current operating lease liabilities rose steadily, reaching $275 million by the latest period. Current income taxes payable fluctuated considerably, indicating varying tax obligations year over year.

Unredeemed gift card liabilities continuously increased, suggesting rising prepaid sales or customer engagement through gift cards.

Non-current liabilities similarly climbed, with operating lease liabilities growing substantially to over $1.3 billion. Deferred income tax liabilities and other non-current liabilities increased markedly, though non-current income taxes payable declined and then disappeared from the latest period.

Stockholders’ Equity

Stockholders’ equity increased notably over the years, from approximately $1.95 billion to $4.32 billion, driven mainly by increasing retained earnings and additional paid-in capital.

Retained earnings showed strong growth, more than doubling from about $1.82 billion to over $4.1 billion, indicating sustained profitability or earnings retention.

Additional paid-in capital also rose steadily, reflecting capital injections or stock issuance.

The accumulated other comprehensive loss expanded in magnitude, from a negative $225 million to a negative $424 million, indicating growing unrealized losses or adjustments in equity components that are excluded from net income.

Common stock value remained relatively stable, with a slight decrease in par value amount over time, suggesting limited activity in share issuance or repurchase at par value.

Total Liabilities and Equity

The combined total of liabilities and stockholders’ equity showed a consistent increase, nearly doubling from roughly $3.28 billion to $7.6 billion, reflecting expansion in the company’s balance sheet size.

Additional Observations

Several accrued liabilities categories, including accrued capital expenditures, accrued rent, and accrued compensation, displayed upward trends, signifying growing operating activities and related obligations.

The sizable increase in current and non-current operating lease liabilities suggests expanded lease commitments, potentially due to store or facility expansions.

Volatility in current income tax payables could indicate fluctuating taxable income or changing tax planning strategies.

Overall, the financial data depicts a company undergoing significant growth in both operational scale and financial obligations, accompanied by strong retained earnings accumulation implying ongoing profitability.