Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
lululemon athletica inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2025-02-02), 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).
- Net income
- Net income exhibited a fluctuating but overall upward trend across the observed periods. Starting at approximately 646 million USD in early 2020, it declined slightly in 2021 to around 589 million USD, followed by a significant increase in 2022 to approximately 975 million USD. A moderate dip occurred in 2023 to about 855 million USD, after which net income sharply rose in 2024 and 2025, reaching over 1.55 billion USD and then approximately 1.81 billion USD respectively. This indicates robust profitability growth, particularly in the last two reported years.
- Foreign currency translation adjustment
- This item showed considerable volatility with negative and positive values across the periods. It started negative at roughly -10 million USD in 2020, turned positive sharply in 2021 with around 73 million USD, then reverted to negative figures in the subsequent years with values ranging from about -23 million USD to as low as approximately -253 million USD in 2025. The persistent negative values in the later years suggest increasing adverse impacts from foreign currency translation.
- Net investment hedge gains (losses)
- Net investment hedge gains and losses fluctuated but generally maintained positive values except for a loss recorded in 2021 (-25 million USD). Gains were evident in 2020, 2022, 2023, 2024, and 2025, with notable peaks of approximately 11 million USD in 2024 and 93 million USD in 2025. This indicates improved effectiveness or increased activity in hedging investments against currency exposure in recent years.
- Other comprehensive income (loss), net of tax
- Other comprehensive income consistently showed negative or near-negative values except for a positive spike in 2021 around 47 million USD. The values turned negative afterward, with significant declines in 2023 and 2025, reaching lows near -160 million USD. This pattern suggests recurring comprehensive losses, impacted by factors such as foreign currency movements and other comprehensive income components.
- Comprehensive income
- Despite volatility in foreign currency adjustments and other comprehensive income, comprehensive income displayed an overall increasing trajectory, reflecting the strong underlying net income performance. Starting at approximately 638 million USD in 2020, it held steady around 636 million USD in 2021, rose to about 957 million USD in 2022, then dipped to roughly 798 million USD in 2023 before increasing sharply to approximately 1.54 billion USD in 2024 and over 1.65 billion USD in 2025. This indicates overall financial strength and growth in total earnings including comprehensive components.