LULU FY 2013 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2013 Earnings

Reported March 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	16.1%
Op. Income	$391M	—	$376M	—	4.0%
Gross Margin	52.8%	—	55.7%	—	-2.9pp
Net Margin	17.6%	—	19.7%	—	-2.2pp
EPS (Diluted)	$1.91	—	$1.86	—	3.2%
Free Cash Flow	$172M	—	$187M	—	-8.0%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$751M
GROSS PROFIT	$840M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$449M
Other Expenses	$0
Operating Expenses	$449M
Cost & Expenses	$1.2B
OPERATING INCOME	$391M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$397M
Income Tax Expense	$118M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$280M
D&A	$49M
EBIT	$391M
EBITDA	$440M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$751M
GROSS PROFIT	$840M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$449M
Other Expenses	$0
Operating Expenses	$449M
Cost & Expenses	$1.2B
OPERATING INCOME	$391M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$397M
Income Tax Expense	$118M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$280M
D&A	$49M
EBIT	$391M
EBITDA	$440M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$280M
Depreciation & Amortization	$49M
Stock-Based Compensation	$10M
Deferred Income Tax	$820.0K
Other Non-Cash Items	-$11M
Change in Working Capital	-$50M
OPERATING CASH FLOW	$278M
Capital Expenditure	-$106M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	$172M
Net Change in Cash	$108M

Balance Sheet

Item	Amount
Cash & Equivalents	$699M
Short-Term Investments	$0
Net Receivables	$12M
Inventory	$189M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$946M
PP&E (Net)	$215M
Goodwill	$25M
Intangible Assets	$3M
Long-Term Investments	$0
Tax Assets	$18M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$307M
TOTAL ASSETS	$1.1B
Account Payables	$13M
Short-Term Debt	$0
Deferred Revenue	$38M
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$116M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$39M
TOTAL LIABILITIES	$164M
Common Stock	$577.0K
Additional Paid-In Capital	$240M
Retained Earnings	$924M
Treasury Stock	$0
Accum. Other Comp. Income	-$68M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$887M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$0
Net Debt	-$699M