LULU FY 2014 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2014 Earnings

Reported March 26, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.6B	—	12.9%
Op. Income	$376M	—	$391M	—	-3.9%
Gross Margin	50.9%	—	52.8%	—	-1.9pp
Net Margin	13.3%	—	17.6%	—	-4.3pp
EPS (Diluted)	$1.66	—	$1.91	—	-13.3%
Free Cash Flow	$195M	—	$172M	—	13.3%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$883M
GROSS PROFIT	$914M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$538M
Other Expenses	$0
Operating Expenses	$538M
Cost & Expenses	$1.4B
OPERATING INCOME	$376M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$383M
Income Tax Expense	$144M
Net Income from Continuing Ops	$239M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$239M
D&A	$58M
EBIT	$376M
EBITDA	$434M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$883M
GROSS PROFIT	$914M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$538M
Other Expenses	$0
Operating Expenses	$538M
Cost & Expenses	$1.4B
OPERATING INCOME	$376M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$383M
Income Tax Expense	$144M
Net Income from Continuing Ops	$239M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$239M
D&A	$58M
EBIT	$376M
EBITDA	$434M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$239M
Depreciation & Amortization	$58M
Stock-Based Compensation	$8M
Deferred Income Tax	$2M
Other Non-Cash Items	-$2M
Change in Working Capital	$9M
OPERATING CASH FLOW	$314M
Capital Expenditure	-$120M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$120M
Net Debt Issuance	$0
Common Stock Repurchased	-$147M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$149M
FREE CASH FLOW	$195M
Net Change in Cash	-$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$664M
Short-Term Investments	$0
Net Receivables	$54M
Inventory	$208M
Other Current Assets	-$16M
TOTAL CURRENT ASSETS	$951M
PP&E (Net)	$296M
Goodwill	$24M
Intangible Assets	$2M
Long-Term Investments	$0
Tax Assets	$16M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$345M
TOTAL ASSETS	$1.3B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$46M
Other Current Liabilities	$37M
TOTAL CURRENT LIABILITIES	$160M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$207M
Common Stock	$661.0K
Additional Paid-In Capital	$242M
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$173M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$664M