LULU FY 2016 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2016 Earnings

Reported March 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.1B	—	13.8%
Op. Income	$421M	—	$369M	—	14.1%
Gross Margin	51.2%	—	48.4%	—	2.8pp
Net Margin	12.9%	—	12.9%	—	0.0pp
EPS (Diluted)	$2.21	—	$1.89	—	16.9%
Free Cash Flow	$237M	—	$154M	—	53.8%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$778M
Other Expenses	$0
Operating Expenses	$778M
Cost & Expenses	$1.9B
OPERATING INCOME	$421M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$423M
Income Tax Expense	$119M
Net Income from Continuing Ops	$303M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$303M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$303M
D&A	$88M
EBIT	$421M
EBITDA	$509M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$778M
Other Expenses	$0
Operating Expenses	$778M
Cost & Expenses	$1.9B
OPERATING INCOME	$421M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$423M
Income Tax Expense	$119M
Net Income from Continuing Ops	$303M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$303M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$303M
D&A	$88M
EBIT	$421M
EBITDA	$509M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$303M
Depreciation & Amortization	$88M
Stock-Based Compensation	$17M
Deferred Income Tax	-$18M
Other Non-Cash Items	-$5M
Change in Working Capital	$603.0K
OPERATING CASH FLOW	$386M
Capital Expenditure	-$150M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$150M
Net Debt Issuance	$0
Common Stock Repurchased	-$29M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$27M
FREE CASH FLOW	$237M
Net Change in Cash	$233M

Balance Sheet

Item	Amount
Cash & Equivalents	$735M
Short-Term Investments	$0
Net Receivables	$90M
Inventory	$298M
Other Current Assets	-$42M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$423M
Goodwill	$24M
Intangible Assets	$324.0K
Long-Term Investments	$0
Tax Assets	$26M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$495M
TOTAL ASSETS	$1.7B
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$70M
Other Current Liabilities	$65M
TOTAL CURRENT LIABILITIES	$241M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$56M
TOTAL LIABILITIES	$298M
Common Stock	$637.0K
Additional Paid-In Capital	$267M
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$202M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$0
Net Debt	-$735M