Stock Analysis on Net
Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in thousands

Microsoft Excel
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
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-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 balance sheet exhibits a consistent expansion in both total liabilities and stockholders' equity over the analyzed period, indicating significant growth in the scale of operations. Total liabilities grew from 1.36 billion USD in May 2020 to 3.70 billion USD by May 2026, while stockholders' equity increased from 1.83 billion USD to 4.82 billion USD. This simultaneous growth suggests a balanced expansion strategy where the increase in obligations is matched by a substantial rise in retained earnings and capital.

Liability Structure and Trends
Current liabilities demonstrated a strong upward trajectory, rising from 631 million USD to 1.79 billion USD. A primary driver of this increase was the growth in accrued liabilities and other, which surged from approximately 9.86 million USD in May 2020 to 586 million USD in May 2026. Accounts payable also showed a general increase, starting at 78.94 million USD and ending at 294.32 million USD, though this item experienced periodic fluctuations consistent with seasonal operational cycles.
Long-Term Obligations and Leasing
Non-current liabilities grew from 734.50 million USD to 1.91 billion USD. This expansion is almost entirely attributable to non-current operating lease liabilities, which climbed from 639.24 million USD to 1.77 billion USD. The magnitude of this increase indicates an aggressive long-term commitment to physical store footprints and infrastructure expansion.
Equity and Retained Earnings
Stockholders' equity saw a substantial increase, driven predominantly by retained earnings, which rose from 1.78 billion USD to 4.36 billion USD. This trend reflects consistent profitability and a strategy of reinvesting earnings back into the business rather than distributing them entirely to shareholders. Additional paid-in capital also trended upward, moving from 334.20 million USD to 681.15 million USD, indicating additional capital injections over time.
Comprehensive Loss and Other Factors
Accumulated other comprehensive loss showed significant volatility throughout the period. While it began at negative 285.18 million USD and ended at negative 217.38 million USD, it reached a peak deficit of 424.44 million USD in February 2025 before recovering. This suggests the presence of fluctuating foreign currency translation adjustments or other unrealized gains and losses. Additionally, unredeemed gift card liabilities grew from 105.28 million USD to 296.36 million USD, reflecting an increase in customer prepaid balances and overall brand reach.