Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

lululemon athletica inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Net income	1,550,190)	854,800)	975,322)	588,913)	645,596)	483,801)
Depreciation and amortization	379,384)	291,791)	224,206)	185,478)	161,933)	122,484)
lululemon Studio obsolescence provision	23,709)	62,928)	—)	—)	—)	—)
Impairment of goodwill and other assets, restructuring costs	74,501)	407,913)	—)	—)	—)	—)
Gain on disposal of assets	—)	(10,180)	—)	—)	—)	—)
Stock-based compensation expense	93,560)	78,075)	69,137)	50,797)	45,593)	28,568)
Derecognition of unredeemed gift card liability	(28,547)	(23,337)	(18,699)	(13,696)	(11,939)	(6,859)
Settlement of derivatives not designated in a hedging relationship	32,527)	(38,649)	15,191)	4,485)	(1,925)	(14,876)
Deferred income taxes	(28,383)	3,042)	(5,180)	34,908)	24,129)	16,786)
Inventories	66,584)	(573,438)	(323,609)	(96,548)	(117,591)	(85,942)
Prepaid and receivable income taxes	1,908)	(66,714)	20,108)	(53,966)	(35,775)	(437)
Prepaid expenses and other current assets	47,167)	(113,820)	(82,404)	(70,999)	(53,754)	(28,546)
Other non-current assets	(53,280)	(36,518)	(17,556)	(49,056)	(27,852)	(2,107)
Accounts payable	177,367)	(107,280)	117,655)	82,663)	(14,810)	71,962)
Accrued liabilities and other	(71,734)	65,364)	103,878)	99,161)	4,678)	13,728)
Accrued compensation and related expenses	70,327)	47,254)	75,273)	(6,692)	25,326)	41,600)
Current and non-current income taxes payable	(173,196)	35,986)	120,778)	(24,125)	(34,137)	46,428)
Unredeemed gift card liability	84,315)	68,266)	71,441)	47,962)	33,289)	24,885)
Right-of-use lease assets and current and non-current lease liabilities	37,535)	23,905)	13,494)	13,267)	17,422)	—)
Other current and non-current liabilities	12,230)	(2,925)	30,073)	10,784)	9,133)	31,304)
Changes in operating assets and liabilities	199,223)	(659,920)	129,131)	(47,549)	(194,071)	112,875)
Adjustments to reconcile net income to net cash provided by operating activities	745,974)	111,663)	413,786)	214,423)	23,720)	258,978)
Net cash provided by operating activities	2,296,164)	966,463)	1,389,108)	803,336)	669,316)	742,779)
Purchase of property and equipment	(651,865)	(638,657)	(394,502)	(229,226)	(283,048)	(225,807)
Settlement of net investment hedges	(1,609)	47,804)	(23,389)	(14,607)	347)	(16,216)
Acquisition, net of cash acquired	—)	—)	—)	(452,581)	—)	—)
Other investing activities	(658)	20,916)	(10,000)	882)	4,293)	(771)
Net cash used in investing activities	(654,132)	(569,937)	(427,891)	(695,532)	(278,408)	(242,794)
Proceeds from settlement of stock-based compensation	42,430)	11,704)	18,194)	15,263)	18,170)	17,650)
Shares withheld related to net share settlement of stock-based compensation	(32,574)	(35,158)	(49,809)	(32,388)	(21,944)	(8,779)
Repurchase of common stock	(558,652)	(444,001)	(812,602)	(63,663)	(173,399)	(598,340)
Other financing activities	(32)	(32)	(770)	—)	—)	(745)
Net cash used in financing activities	(548,828)	(467,487)	(844,987)	(80,788)	(177,173)	(590,214)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(4,100)	(34,043)	(6,876)	29,996)	(1,550)	(18,952)
Increase (decrease) in cash and cash equivalents	1,089,104)	(105,004)	109,354)	57,012)	212,185)	(109,181)
Cash and cash equivalents, beginning of period	1,154,867)	1,259,871)	1,150,517)	1,093,505)	881,320)	990,501)
Cash and cash equivalents, end of period	2,243,971)	1,154,867)	1,259,871)	1,150,517)	1,093,505)	881,320)

Based on: 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), 10-K (reporting date: 2019-02-03).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	lululemon athletica inc. net cash provided by operating activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	lululemon athletica inc. net cash used in investing activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	lululemon athletica inc. net cash used in financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

lululemon athletica inc. (NASDAQ:LULU)

Cash Flow Statement