Selected Financial Data
since 2008
Income Statement
lululemon athletica inc., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Net revenue | Income from operations | Net income |
|---|---|---|---|
| Feb 2, 2025 | 10,588,126) | 2,505,697) | 1,814,616) |
| Jan 28, 2024 | 9,619,278) | 2,132,676) | 1,550,190) |
| Jan 29, 2023 | 8,110,518) | 1,328,408) | 854,800) |
| Jan 30, 2022 | 6,256,617) | 1,333,355) | 975,322) |
| Jan 31, 2021 | 4,401,879) | 819,986) | 588,913) |
| Feb 2, 2020 | 3,979,296) | 889,110) | 645,596) |
| Feb 3, 2019 | 3,288,319) | 705,836) | 483,801) |
| Jan 28, 2018 | 2,649,181) | 456,001) | 258,662) |
| Jan 29, 2017 | 2,344,392) | 421,152) | 303,381) |
| Jan 31, 2016 | 2,060,523) | 369,076) | 266,047) |
| Feb 1, 2015 | 1,797,213) | 376,033) | 239,033) |
| Feb 2, 2014 | 1,591,188) | 391,358) | 279,547) |
| Feb 3, 2013 | 1,370,358) | 376,439) | 270,556) |
| Jan 29, 2012 | 1,000,839) | 286,958) | 184,063) |
| Jan 30, 2011 | 711,704) | 180,391) | 121,847) |
| Jan 31, 2010 | 452,898) | 86,546) | 58,281) |
| Feb 1, 2009 | 353,488) | 56,564) | 39,363) |
| Feb 3, 2008 | 274,713) | 50,125) | 30,842) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
The financial data exhibits a consistent upward trend in net revenue over the entire period, demonstrating considerable growth from approximately $275 million in early 2008 to over $10.5 billion projected by early 2025. This suggests strong and sustained expansion of the business operations and market presence.
Operating income shows growth parallel to revenue but with some fluctuation. Starting at about $50 million in 2008, the operating income peaks around 2014 at nearly $391 million, then experiences minor declines and recoveries in subsequent years. Notably, there is substantial growth from 2018 onward, with operating income rising steeply from approximately $456 million to above $2.5 billion by 2025. This indicates improved operational efficiency and profitability despite some interim variability.
Net income trends generally mirror operating income but reveal more variability and some divergence in certain years. From about $31 million in 2008, net income increases steadily with occasional decreases, for instance between 2012 and 2015, and again around 2018 to 2021. However, a significant increase occurs after 2021, with net income reaching an estimated $1.8 billion by 2025. These fluctuations may be attributed to non-operational factors such as taxes, interest, or extraordinary items affecting the bottom line, but overall profitability has improved markedly over the period.
Overall, the company demonstrates strong and accelerating growth in revenue and profitability metrics, particularly evident in the later years of the data set. Despite some variability in income figures during the mid-period, the long-term trajectory points to enhanced earnings capacity and financial strength. This suggests effective management of costs, scaling of operations, and possibly favorable market conditions driving higher margins and net results.
Balance Sheet: Assets
lululemon athletica inc., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Feb 2, 2025 | 3,980,302) | 7,603,292) |
| Jan 28, 2024 | 4,060,577) | 7,091,941) |
| Jan 29, 2023 | 3,159,453) | 5,607,038) |
| Jan 30, 2022 | 2,614,853) | 4,942,478) |
| Jan 31, 2021 | 2,124,379) | 4,185,215) |
| Feb 2, 2020 | 1,807,938) | 3,281,354) |
| Feb 3, 2019 | 1,429,282) | 2,084,711) |
| Jan 28, 2018 | 1,436,282) | 1,998,483) |
| Jan 29, 2017 | 1,162,737) | 1,657,541) |
| Jan 31, 2016 | 917,039) | 1,314,077) |
| Feb 1, 2015 | 951,012) | 1,296,213) |
| Feb 2, 2014 | 942,839) | 1,249,688) |
| Feb 3, 2013 | 787,053) | 1,051,078) |
| Jan 29, 2012 | 527,093) | 734,634) |
| Jan 30, 2011 | 389,279) | 499,302) |
| Jan 31, 2010 | 216,410) | 307,258) |
| Feb 1, 2009 | 116,988) | 211,636) |
| Feb 3, 2008 | 97,906) | 155,092) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
The financial data reveals significant growth trends in both current assets and total assets over the analyzed period.
- Current Assets
- Current assets increased from approximately 97.9 million US dollars in early 2008 to a peak of about 4.06 billion US dollars by early 2024. There is a clear upward trajectory throughout most of the period with notable acceleration starting around 2012. The data shows minor fluctuations with slight decreases in some years, such as between 2015 and 2016, and again between 2024 and 2025, though the overall trend remains strongly positive. This robust growth indicates enhanced liquidity and possibly expansion in working capital, reflecting increased operational scale.
- Total Assets
- Total assets rose steadily from roughly 155 million US dollars in 2008 to over 7.6 billion US dollars by early 2025. Similar to current assets, the growth pattern is consistently upward, with more rapid asset accumulation occurring from around 2012 onwards. The data suggests ongoing investments in both current and non-current assets, supporting long-term growth objectives. The total asset base nearly doubled between 2023 and 2025, underlining aggressive expansion or acquisition activity during those years.
Overall, the upward trend in both current and total assets over the period analyzed highlights significant asset growth, reflecting business expansion and increasing resource availability. The company appears to be strengthening its financial position with a growing asset base, suggesting positive operational developments and enhanced capacity to meet short-term obligations.
Balance Sheet: Liabilities and Stockholders’ Equity
lululemon athletica inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Total debt | Stockholders’ equity | |
|---|---|---|---|---|
| Feb 2, 2025 | 1,839,630) | 3,279,245) | —) | 4,324,047) |
| Jan 28, 2024 | 1,631,261) | 2,859,860) | —) | 4,232,081) |
| Jan 29, 2023 | 1,492,198) | 2,458,239) | —) | 3,148,799) |
| Jan 30, 2022 | 1,405,334) | 2,202,432) | —) | 2,740,046) |
| Jan 31, 2021 | 883,178) | 1,626,649) | —) | 2,558,566) |
| Feb 2, 2020 | 620,418) | 1,329,136) | —) | 1,952,218) |
| Feb 3, 2019 | 500,477) | 638,736) | —) | 1,445,975) |
| Jan 28, 2018 | 292,598) | 401,523) | —) | 1,596,960) |
| Jan 29, 2017 | 241,449) | 297,568) | —) | 1,359,973) |
| Jan 31, 2016 | 225,504) | 286,595) | —) | 1,027,482) |
| Feb 1, 2015 | 159,881) | 206,645) | —) | 1,089,568) |
| Feb 2, 2014 | 113,514) | 153,006) | —) | 1,096,682) |
| Feb 3, 2013 | 133,357) | 163,779) | —) | 887,299) |
| Jan 29, 2012 | 103,439) | 128,453) | —) | 601,376) |
| Jan 30, 2011 | 85,364) | 105,009) | —) | 390,389) |
| Jan 31, 2010 | 58,678) | 74,150) | —) | 233,108) |
| Feb 1, 2009 | 45,335) | 56,794) | —) | 154,842) |
| Feb 3, 2008 | 35,822) | 42,739) | —) | 112,034) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
The analysis of the financial data over the periods presented reveals several notable trends in the company's liabilities and stockholders’ equity.
- Current Liabilities
- Current liabilities have exhibited a consistent upward trend throughout the entire period, increasing from $35,822 thousand in early 2008 to $1,839,630 thousand by early 2025. This steady rise indicates growing short-term financial obligations, with particularly sharp increases starting around 2017, where values surged from $292,598 thousand to over $1.6 billion in 2025.
- Total Liabilities
- Total liabilities have mirrored the growth pattern of current liabilities, increasing from $42,739 thousand in early 2008 to $3,279,245 thousand in early 2025. The increase has been progressive with some acceleration evident post-2017, tripling over the last periods. This suggests expanded overall leverage and potentially more long-term obligations accompanying the rising current liabilities.
- Total Debt
- There is no data reported for total debt across any of the periods, indicating either the absence of such liabilities or non-disclosure. This limits the ability to assess the nature of the liabilities fully, especially the split between debt and other obligations.
- Stockholders’ Equity
- Stockholders’ equity has shown strong growth, rising from $112,034 thousand in 2008 to $4,324,047 thousand by 2025. There was accelerated expansion between 2008 and 2013, more than doubling within five years, followed by modest fluctuations and sustained growth thereafter. The large increase post-2018 suggests reinvestment or retained earnings growth supporting the company's capitalization.
Overall, the financial position indicates significant growth in both liabilities and equity, with liabilities growing at a faster absolute rate in recent years. The absence of total debt data leaves an incomplete picture of capital structure, although the substantial growth in equity suggests increased shareholder value or capital injections. The rising current liabilities call for attention to short-term liquidity management going forward.
Cash Flow Statement
lululemon athletica inc., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Feb 2, 2025 | 2,272,713) | (798,174) | (1,652,508) |
| Jan 28, 2024 | 2,296,164) | (654,132) | (548,828) |
| Jan 29, 2023 | 966,463) | (569,937) | (467,487) |
| Jan 30, 2022 | 1,389,108) | (427,891) | (844,987) |
| Jan 31, 2021 | 803,336) | (695,532) | (80,788) |
| Feb 2, 2020 | 669,316) | (278,408) | (177,173) |
| Feb 3, 2019 | 742,779) | (242,794) | (590,214) |
| Jan 28, 2018 | 489,337) | (173,392) | (97,862) |
| Jan 29, 2017 | 385,119) | (149,511) | (25,338) |
| Jan 31, 2016 | 298,740) | (143,487) | (273,693) |
| Feb 1, 2015 | 314,449) | (119,733) | (149,077) |
| Feb 2, 2014 | 278,339) | (106,408) | 8,907) |
| Feb 3, 2013 | 280,113) | (93,229) | (5,491) |
| Jan 29, 2012 | 203,615) | (122,311) | 15,364) |
| Jan 30, 2011 | 179,995) | (42,839) | 13,699) |
| Jan 31, 2010 | 117,960) | (16,307) | (2,649) |
| Feb 1, 2009 | 45,433) | (46,795) | 13,460) |
| Feb 3, 2008 | 38,091) | (35,235) | 31,977) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
The analysis of the cash flow activities over the observed periods reveals several key trends and fluctuations in the financial operations.
- Operating Activities
- Net cash provided by operating activities shows a generally increasing trend from 2008 through 2025, starting at $38,091 thousand and rising significantly to $2,272,713 thousand by 2025, with some fluctuations. Notable growth is observed particularly from 2017 onwards, indicating improved cash generation from core business operations. Peaks occur in 2022 at $1,389,108 thousand, followed by a temporary dip in 2023 to $966,463 thousand, before rising sharply again in 2024 and 2025.
- Investing Activities
- Net cash used in investing activities consistently represents an outflow throughout the periods, reflecting ongoing investment in capital expenditures or acquisitions. The outflows increase in magnitude over the years, from -$35,235 thousand in 2008 to a high of -$798,174 thousand in 2025. A notable surge in investing outflows is seen between 2018 and 2021, peaking in 2021, indicating perhaps accelerated investment or expansion activities during these years.
- Financing Activities
- The pattern of net cash from financing activities shows higher volatility compared to operating and investing activities. Early years show positive net inflows, such as $31,977 thousand in 2008 and $13,460 thousand in 2009, but from 2015 onward, the company experiences significant outflows. Large financing outflows are apparent from 2015 to 2025, with the highest cash used in financing activities occurring in 2025 at -$1,652,508 thousand. This suggests possible repayment of debt, share buybacks, or dividend payments outweighing any financing inflows in these later years.
- Overall Insights
- The company demonstrates strong and increasing cash generation from operations, which supports its investment activities. While investing cash outflows have grown considerably, indicating substantial reinvestment, financing activities shift from net inflows to substantial outflows, possibly reflecting strategic financial management decisions such as debt reduction or capital return to shareholders. The ability to maintain growing operating cash flows despite large investing and financing outflows underscores a robust operational performance.
Per Share Data
lululemon athletica inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Feb 2, 2025 | 14.67 | 14.64 | 0.00 |
| Jan 28, 2024 | 12.23 | 12.20 | 0.00 |
| Jan 29, 2023 | 6.70 | 6.68 | 0.00 |
| Jan 30, 2022 | 7.52 | 7.49 | 0.00 |
| Jan 31, 2021 | 4.52 | 4.50 | 0.00 |
| Feb 2, 2020 | 4.95 | 4.93 | 0.00 |
| Feb 3, 2019 | 3.63 | 3.61 | 0.00 |
| Jan 28, 2018 | 1.90 | 1.90 | 0.00 |
| Jan 29, 2017 | 2.21 | 2.21 | 0.00 |
| Jan 31, 2016 | 1.90 | 1.89 | 0.00 |
| Feb 1, 2015 | 1.66 | 1.66 | 0.00 |
| Feb 2, 2014 | 1.93 | 1.91 | 0.00 |
| Feb 3, 2013 | 1.88 | 1.85 | 0.00 |
| Jan 29, 2012 | 1.29 | 1.27 | 0.00 |
| Jan 30, 2011 | 0.86 | 0.85 | 0.00 |
| Jan 31, 2010 | 0.41 | 0.41 | 0.00 |
| Feb 1, 2009 | 0.29 | 0.28 | 0.00 |
| Feb 3, 2008 | 0.23 | 0.22 | 0.00 |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
1, 2, 3 Data adjusted for splits and stock dividends.
The analysis of the earnings per share (EPS) over the presented periods indicates a general upward trend in the company's profitability. Both basic and diluted earnings per share show a consistent increase from 2008 through 2025, reflecting growth in net income attributable to shareholders on a per-share basis.
- Basic Earnings Per Share
- Starting at $0.23 in 2008, basic EPS increased steadily with some minor fluctuations. Key points include an acceleration in growth after 2010, reaching $1.29 in 2012, and peaking at $7.52 in 2022. Despite a slight dip in 2023 to $6.7, the EPS surged again to $12.23 in 2024 and further to $14.67 in 2025, indicating strong profitability gains in the most recent years.
- Diluted Earnings Per Share
- Mirroring the basic EPS, diluted EPS started at $0.22 in 2008 and followed a comparable growth trajectory. The figures closely align with the basic EPS values throughout the period, suggesting minimal dilution impact on shareholders' earnings. Similar peaks and troughs occur, with the highest values of $12.20 in 2024 and $14.64 in 2025.
- Dividend Per Share
- No dividend payments were recorded in any of the periods, indicating the company either retained all earnings to finance growth or did not distribute dividends for other strategic reasons.
Overall, the consistent increase in both basic and diluted earnings per share highlights sustained earnings growth. The absence of dividends suggests a reinvestment strategy aimed at expansion or strengthening financial position rather than returning cash to shareholders. The sharp increases in EPS toward the later years reflect significant improvements in underlying profitability, which may be driven by enhanced operational performance, market expansion, or other factors impacting net income positively.