LULU FY 2015 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2015 Earnings

Reported March 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.8B	—	14.7%
Op. Income	$369M	—	$376M	—	-1.9%
Gross Margin	48.4%	—	50.9%	—	-2.5pp
Net Margin	12.9%	—	13.3%	—	-0.4pp
EPS (Diluted)	$1.89	—	$1.66	—	13.9%
Free Cash Flow	$154M	—	$195M	—	-20.9%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$997M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$628M
Other Expenses	$0
Operating Expenses	$628M
Cost & Expenses	$1.7B
OPERATING INCOME	$369M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$581.0K
INCOME BEFORE TAX	$368M
Income Tax Expense	$102M
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$73M
EBIT	$369M
EBITDA	$442M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$997M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$628M
Other Expenses	$0
Operating Expenses	$628M
Cost & Expenses	$1.7B
OPERATING INCOME	$369M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$581.0K
INCOME BEFORE TAX	$368M
Income Tax Expense	$102M
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$73M
EBIT	$369M
EBITDA	$442M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$266M
Depreciation & Amortization	$73M
Stock-Based Compensation	$10M
Deferred Income Tax	$11M
Other Non-Cash Items	-$4M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$298M
Capital Expenditure	-$143M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	$0
Common Stock Repurchased	-$274M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$272M
FREE CASH FLOW	$154M
Net Change in Cash	-$163M

Balance Sheet

Item	Amount
Cash & Equivalents	$501M
Short-Term Investments	$0
Net Receivables	$105M
Inventory	$284M
Other Current Assets	-$64M
TOTAL CURRENT ASSETS	$917M
PP&E (Net)	$350M
Goodwill	$24M
Intangible Assets	$947.0K
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$397M
TOTAL ASSETS	$1.3B
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$58M
Other Current Liabilities	$52M
TOTAL CURRENT LIABILITIES	$226M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$287M
Common Stock	$637.0K
Additional Paid-In Capital	$246M
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$238M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$501M