LULU FY 2019 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2019 Earnings

Reported March 26, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.0B	—	$3.3B	—	21.0%
Op. Income	$889M	—	$706M	—	26.0%
Gross Margin	55.9%	—	55.2%	—	0.6pp
Net Margin	16.2%	—	14.7%	—	1.5pp
EPS (Diluted)	$4.93	—	$3.61	—	36.6%
Free Cash Flow	$386M	—	$517M	—	-25.3%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.8B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$29.0K
Operating Expenses	$1.3B
Cost & Expenses	$3.1B
OPERATING INCOME	$889M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$897M
Income Tax Expense	$252M
Net Income from Continuing Ops	$646M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$646M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$646M
D&A	$162M
EBIT	$889M
EBITDA	$1.1B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.8B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$29.0K
Operating Expenses	$1.3B
Cost & Expenses	$3.1B
OPERATING INCOME	$889M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$897M
Income Tax Expense	$252M
Net Income from Continuing Ops	$646M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$646M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$646M
D&A	$162M
EBIT	$889M
EBITDA	$1.1B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$646M
Depreciation & Amortization	$162M
Stock-Based Compensation	$46M
Deferred Income Tax	$24M
Other Non-Cash Items	-$14M
Change in Working Capital	-$194M
OPERATING CASH FLOW	$669M
Capital Expenditure	-$283M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$347.0K
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$278M
Net Debt Issuance	$0
Common Stock Repurchased	-$173M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$177M
FREE CASH FLOW	$386M
Net Change in Cash	$212M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$125M
Inventory	$519M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$1.4B
Goodwill	$24M
Intangible Assets	$241.0K
Long-Term Investments	$0
Tax Assets	$31M
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.3B
Account Payables	$80M
Short-Term Debt	$0
Deferred Revenue	$120M
Other Current Liabilities	$168M
TOTAL CURRENT LIABILITIES	$620M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$43M
Other Non-Current Liabilities	$54M
TOTAL NON-CURRENT LIABILITIES	$709M
TOTAL LIABILITIES	$1.3B
Common Stock	$621.0K
Additional Paid-In Capital	$356M
Retained Earnings	$1.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$225M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$740M
Net Debt	-$354M