LULU FY 2017 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2017 Earnings

Reported March 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.3B	—	13.0%
Op. Income	$456M	—	$421M	—	8.3%
Gross Margin	52.8%	—	51.2%	—	1.6pp
Net Margin	9.8%	—	12.9%	—	-3.2pp
EPS (Diluted)	$1.90	—	$2.21	—	-14.0%
Free Cash Flow	$331M	—	$237M	—	39.9%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$904M
Other Expenses	$39M
Operating Expenses	$943M
Cost & Expenses	$2.2B
OPERATING INCOME	$456M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$460M
Income Tax Expense	$201M
Net Income from Continuing Ops	$259M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$259M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$259M
D&A	$108M
EBIT	$495M
EBITDA	$603M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$904M
Other Expenses	$39M
Operating Expenses	$943M
Cost & Expenses	$2.2B
OPERATING INCOME	$456M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$460M
Income Tax Expense	$201M
Net Income from Continuing Ops	$259M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$259M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$259M
D&A	$108M
EBIT	$495M
EBITDA	$603M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$259M
Depreciation & Amortization	$108M
Stock-Based Compensation	$18M
Deferred Income Tax	-$11M
Other Non-Cash Items	$12M
Change in Working Capital	$105M
OPERATING CASH FLOW	$489M
Capital Expenditure	-$158M
Acquisitions (Net)	$0
Purchases of Investments	-$7M
Sales/Maturities of Investments	$0
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$173M
Net Debt Issuance	$0
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$98M
FREE CASH FLOW	$331M
Net Change in Cash	$256M

Balance Sheet

Item	Amount
Cash & Equivalents	$991M
Short-Term Investments	$0
Net Receivables	$68M
Inventory	$330M
Other Current Assets	-$850.0K
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$474M
Goodwill	$25M
Intangible Assets	$73.0K
Long-Term Investments	$0
Tax Assets	$32M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$562M
TOTAL ASSETS	$2.0B
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$85M
Other Current Liabilities	$96M
TOTAL CURRENT LIABILITIES	$293M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$108M
TOTAL NON-CURRENT LIABILITIES	$109M
TOTAL LIABILITIES	$402M
Common Stock	$628.0K
Additional Paid-In Capital	$284M
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$143M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$6M
Net Debt	-$991M