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 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 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
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: 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), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).


The analysis of the financial data reveals several notable trends in the company's liabilities and equity over the reported periods.

Current Liabilities
Current liabilities exhibit a general upward trend from approximately $503 million in early 2019 to a peak exceeding $1.83 billion by early 2025. Notable increases occurred around early 2022 and early 2025, driven predominantly by growth in accounts payable, accrued liabilities, and accrued compensation.
Accounts Payable
Accounts payable increased significantly from roughly $88 million in May 2019 to a peak near $310 million by early 2025. Fluctuations are apparent, with marked surges around late 2020 and from mid-2023 onward, indicating escalating obligations to suppliers or vendors.
Accrued Liabilities and Other
This category demonstrated a substantial jump from modest levels (~$9 million in mid-2019) to several hundred million dollars by early 2025, with peaks exceeding $560 million. This suggests increased short-term obligations, potentially related to operational expenditures or accruals for various expenses.
Accrued Compensation and Related Expenses
Accrued compensation reflects volatility but trends upwards, increasing from approximately $75 million in mid-2019 to over $200 million near early 2025, with spikes primarily during late 2022 through 2024. This may indicate periods of increased bonus accruals or payroll expenses.
Operating Lease Liabilities
Both current and non-current operating lease liabilities rose consistently over time. Current lease liabilities grew from about $127 million in early 2019 to around $282 million by mid-2025. Non-current liabilities rose from approximately $538 million to over $1.42 billion in the same period, reflecting possibly an expansion or renegotiation of leased assets.
Income Taxes Payable
Current income taxes payable reveal sharp fluctuations, with spikes in early 2022 and early 2025 (exceeding $183 million), contrasted with low points throughout 2020 and parts of 2023. Non-current income taxes payable exhibit a declining pattern, becoming negligible in the last periods reported.
Unredeemed Gift Card Liability
This liability increased overall from about $85 million in early 2019 to peaks near $308 million by early 2025. The trend shows rising balances with intermittent decreases, suggesting growing deferred revenue from gift card sales.
Other Current and Non-current Liabilities
Other current liabilities fluctuate markedly with no clear directional trend, varying between approximately $18 million and $49 million. Other non-current liabilities steadily increase from about $3.7 million to $45 million, indicating the recognition of additional longer-term obligations.
Total and Non-current Liabilities
Total liabilities rose substantially from approximately $1.1 billion in early 2019 to over $3.14 billion by early 2025, reflecting general growth in company obligations. Non-current liabilities maintain a consistent upward trajectory, increasing from around $593 million to nearly $1.57 billion.
Stockholders’ Equity
Equity increased from approximately $1.37 billion in early 2019 to peaks beyond $4.3 billion in early 2025, indicating accumulated retained earnings and additional capital contributions outpacing some liabilities growth. Despite fluctuations in additional paid-in capital and retained earnings, overall equity shows strong growth.
Retained Earnings
Retained earnings demonstrate a steady increase from about $1.28 billion to nearly $4 billion over the reporting periods, defining a cumulative capacity of earnings retention that supports equity growth.
Accumulated Other Comprehensive Loss
This item shows variability with an increasing loss position, widening from a negative $232 million to over $424 million at its peak, then partially improving but remaining significantly negative, suggesting fluctuations in foreign currency translation or other comprehensive income components.
Common Stock and Additional Paid-in Capital
Common stock par value remains relatively stable with minor reductions over time, while additional paid-in capital rises overall from about $317 million to approximately $633 million, indicating equity financing increments.
Total Assets and Liabilities
The sum of liabilities and stockholders’ equity grows markedly from around $2.46 billion to over $7.6 billion, reflecting substantial expansion in the company's financial structure and scale of operations during the timeframe.

In summary, the data present consistent growth in liabilities, driven primarily by operating leases, accrued liabilities, and accounts payable. Concurrently, equity has expanded robustly through retained earnings and capital contributions, although the company faces increasing other comprehensive losses. The trends suggest expansion in operational scale and financial commitments over the analyzed quarters.