LULU FY 2010 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2010 Earnings

Reported March 17, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$712M	—	$453M	—	57.1%
Op. Income	$180M	—	$87M	—	108.4%
Gross Margin	55.5%	—	49.3%	—	6.2pp
Net Margin	17.1%	—	12.9%	—	4.3pp
EPS (Diluted)	$0.85	—	$0.41	—	107.3%
Free Cash Flow	$137M	—	$102M	—	34.9%

Revenue Flow

Item	Amount
REVENUE	$712M
Cost of Revenue	$317M
GROSS PROFIT	$395M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$215M
Other Expenses	$0
Operating Expenses	$215M
Cost & Expenses	$531M
OPERATING INCOME	$180M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$183M
Income Tax Expense	$61M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$25M
EBIT	$180M
EBITDA	$205M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$712M
Cost of Revenue	$317M
GROSS PROFIT	$395M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$215M
Other Expenses	$0
Operating Expenses	$215M
Cost & Expenses	$531M
OPERATING INCOME	$180M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$183M
Income Tax Expense	$61M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$25M
EBIT	$180M
EBITDA	$205M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$122M
Depreciation & Amortization	$25M
Stock-Based Compensation	$7M
Deferred Income Tax	$11M
Other Non-Cash Items	-$9M
Change in Working Capital	$24M
OPERATING CASH FLOW	$180M
Capital Expenditure	-$43M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$14M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$137M
Net Change in Cash	$157M

Balance Sheet

Item	Amount
Cash & Equivalents	$316M
Short-Term Investments	$0
Net Receivables	$9M
Inventory	$57M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$389M
PP&E (Net)	$71M
Goodwill	$20M
Intangible Assets	$7M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$110M
TOTAL ASSETS	$499M
Account Payables	$7M
Short-Term Debt	$0
Deferred Revenue	$18M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$85M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$105M
Common Stock	$534.0K
Additional Paid-In Capital	$180M
Retained Earnings	$190M
Treasury Stock	$0
Accum. Other Comp. Income	$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$390M
Minority Interest	$4M
TOTAL EQUITY	$394M
TOTAL LIABILITIES & EQUITY	$499M
Total Debt	$0
Net Debt	-$316M