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
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 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: 2025-08-03), 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), 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).


Liabilities Trend
Total liabilities exhibit a general upward trend from 1,096,300 thousand USD in early 2019 to a peak around 3,279,245 thousand USD by late 2024, indicating increasing obligations over the analyzed period. Current liabilities show variability with increases and decreases, reaching a high of approximately 1,839,630 thousand USD in late 2024 before slightly declining. Non-current liabilities steadily rise, notably the non-current operating lease liabilities, which nearly triple from around 537,758 thousand USD to 1,464,799 thousand USD, emphasizing growing long-term lease commitments.
Current Liabilities Composition
Accounts payable initially increase from about 88,258 thousand USD to above 300,000 thousand USD in late 2024, reflecting more procurement or delayed payment cycles. Accrued liabilities and other current liabilities show marked fluctuations with a large spike in August 2020 for accrued liabilities, likely reflecting extraordinary items during that period. Accrued compensation experiences volatility but overall grows toward 148,895 thousand USD in mid-2025, possibly linked to workforce changes or bonuses. Current operating lease liabilities consistently grow, exceeding 297,919 thousand USD in late 2025.
Income Taxes Payable
Current income taxes payable fluctuate considerably, with notable peaks in early 2022 and early 2025, reaching levels over 180,000 thousand USD, indicating variations in tax obligations potentially due to earnings variability or timing differences. Non-current income taxes payable decline during the timeline, disappearing in the final reporting periods, suggesting resolution or reclassification of some tax liabilities.
Deferred Income Tax and Other Non-Current Liabilities
Deferred income tax liabilities reveal fluctuations, rising in early periods, dipping mid-series, and suddenly spiking to 98,189 thousand USD in early 2024 before settling lower. Other non-current liabilities steadily increase, doubling over the analyzed timeframe, which may be reflective of growing long-term obligations aside from leases.
Equity Components and Stock Trends
Common stock value remains relatively stable with a slight decrease over time, from 615 thousand USD to 570 thousand USD, indicating little to no new issuance or repurchase activity at par value. Additional paid-in capital generally increases, reflecting equity contributions or stock-based compensation programs, growing from approximately 317,204 thousand USD to above 632,000 thousand USD. Retained earnings show a consistent upward trajectory from over 1,281,432 thousand USD to approximately 4,085,559 thousand USD, suggesting ongoing profitability and earnings retention.
Accumulated Other Comprehensive Loss
This account shows substantial volatility with large negative balances throughout, deepening notably around 2024, implying adverse movements in comprehensive income elements such as foreign currency translation or pension remeasurements.
Stockholders’ Equity and Total Capitalization
Stockholders’ equity grows substantially from 1,366,720 thousand USD to over 4,387,279 thousand USD, indicating strong capital base expansion over the years. Total liabilities and equity increase from about 2,463,020 thousand USD to over 7,523,439 thousand USD, reflecting overall company growth in scale and financial structure.
Operating Lease Liabilities
Both current and non-current operating lease liabilities show persistent growth, with current lease liabilities rising from 127,180 thousand USD to nearly 298,000 thousand USD and non-current lease liabilities climbing from around 537,758 thousand USD to approximately 1,464,799 thousand USD. This trend highlights increasing commitments to leased assets, a significant factor in the liability structure.
Gift Card Liabilities
Unredeemed gift card liabilities fluctuate but trend upwards overall, reaching around 252,334 thousand USD in mid-2025, reflecting continuing deferred revenue from outstanding gift card balances.
Summary of Observations
The data reveals consistent growth in liabilities, particularly driven by leases and increased accrued items, underpinning expansion and higher operational scale. There is a marked rise in equity, driven by retained earnings and paid-in capital, indicating accumulated profits and shareholder investment. Volatility in tax liabilities and comprehensive loss points to varied tax impacts and other comprehensive income dynamics over time. The financial structure shows increasing reliance on lease obligations and growing equity base, consistent with a company expanding its operations and asset base.