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. pages available for free this week:
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2008
- Net Profit Margin since 2008
- Price to Book Value (P/BV) since 2008
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lululemon athletica inc., consolidated balance sheet: liabilities and stockholders’ equity (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).
The liabilities and stockholders’ equity of the company demonstrate a generally increasing trend over the analyzed period, spanning from May 2020 to February 2026. Significant fluctuations are observed within specific liability accounts, while stockholders’ equity exhibits consistent growth, albeit with some quarterly variations. A notable increase in total liabilities is apparent, particularly from late 2021 through 2024, coinciding with a substantial rise in several current and non-current liability categories.
- Accounts Payable
- Accounts payable experienced considerable volatility. Initial increases from May 2020 to November 2020 were followed by a peak in January 2022. A subsequent decrease occurred, but values rebounded, reaching a high in October 2024 before declining again in February 2026. This suggests potential shifts in supplier credit terms or purchasing patterns.
- Accrued Liabilities and Other
- This account shows a substantial increase throughout much of the period, peaking in November 2025. The largest jump occurred between May 2020 and August 2020. While fluctuating, the overall trend is upward, indicating a growing accumulation of short-term obligations not specifically categorized elsewhere. A decrease is observed in the final reporting period.
- Accrued Compensation and Related Expenses
- Accrued compensation and related expenses generally increased from May 2020 to January 2023, reflecting potential growth in the workforce or changes in compensation structures. A decrease is then observed, followed by another increase, peaking in January 2024, before declining again. This suggests possible seasonality or adjustments to compensation accruals.
- Lease Liabilities
- Both current and non-current operating lease liabilities demonstrate a consistent upward trend throughout the period. The non-current portion represents the larger share, and its growth contributes significantly to the overall increase in long-term obligations. This indicates an increasing reliance on leased assets.
- Income Taxes Payable
- Current income taxes payable exhibit significant fluctuations, with a large spike in August 2020 and again in January 2022. These peaks likely correspond to tax payment cycles. The non-current income tax payable remains relatively stable until a decrease in the final periods. Deferred income tax liabilities show a moderate increase over the period.
- Unredeemed Gift Card Liability
- The unredeemed gift card liability remained relatively stable between May 2020 and May 2022, then increased significantly, peaking in February 2025, before decreasing slightly in the final period. This suggests a growing popularity of gift cards or changes in redemption rates.
- Stockholders’ Equity
- Stockholders’ equity consistently increased throughout the analyzed period, driven primarily by growth in retained earnings. While fluctuations occur in specific quarters, the overall trend is strongly positive, indicating profitable operations and value creation for shareholders. Additional paid-in capital also contributes to the growth, though to a lesser extent. Accumulated other comprehensive loss consistently offsets some of the gains, but its impact is limited compared to retained earnings.
- Total Liabilities and Stockholders’ Equity
- The combined effect of increasing liabilities and growing stockholders’ equity results in a substantial overall increase in total liabilities and stockholders’ equity. The most significant growth occurs between late 2021 and early 2025, driven by the aforementioned increases in both liability and equity components. The final period shows a slight decrease, potentially due to a reduction in certain liabilities.
In summary, the company experienced substantial growth in both liabilities and stockholders’ equity. The increases in liabilities, particularly accrued liabilities, lease obligations, and gift card liabilities, warrant further investigation to understand the underlying drivers and potential risks. The consistent growth in stockholders’ equity, fueled by retained earnings, is a positive indicator of the company’s financial performance.