lululemon athletica inc
For the period ended Oct 27, 2024. Filed Dec 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 27, 2024 · Filed Dec 5, 2024
LULU$110.37-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(Unaudited; Amounts in thousands)
| Three Quarters Ended | ||
|---|---|---|
| October 27,2024 | October 29,2023 | |
| Cash flows from operating activities | ||
| Net income | $1,066,213 | $880,722 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 312,931 | 276,094 |
| lululemon Studio obsolescence provision | — | 23,709 |
| Impairment of assets and restructuring costs | — | 74,501 |
| Stock-based compensation expense | 71,494 | 70,157 |
| Settlement of derivatives not designated in a hedging relationship | (19,645) | 29,499 |
| Changes in operating assets and liabilities: | ||
| Inventories | (477,682) | (301,801) |
| Prepaid and receivable income taxes | (74,915) | (114,616) |
| Prepaid expenses and other current assets | (50,935) | 41,202 |
| Other non-current assets | (60,638) | (30,513) |
| Accounts payable | 45,579 | 141,685 |
| Accrued liabilities and other | 171,566 | (16,238) |
| Accrued compensation and related expenses | (133,630) | (1,496) |
| Current and non-current income taxes payable | 70,615 | (153,539) |
| Unredeemed gift card liability | (66,623) | (35,927) |
| Right-of-use lease assets and current and non-current lease liabilities | 16,234 | 19,898 |
| Other current and non-current liabilities | 759 | 8,729 |
| Net cash provided by operating activities | 871,323 | 912,066 |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (454,250) | (445,353) |
| Settlement of net investment hedges | 15,041 | 686 |
| Acquisition, net of cash acquired | (130,996) | — |
| Other investing activities | (5,009) | (658) |
| Net cash used in investing activities | (575,214) | (445,325) |
| Cash flows from financing activities | ||
| Proceeds from settlement of stock-based compensation | 7,277 | 24,937 |
| Shares withheld related to net share settlement of stock-based compensation | (34,259) | (30,877) |
| Repurchase of common stock | (1,301,528) | (504,643) |
| Net cash used in financing activities | (1,328,510) | (510,583) |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | (23,151) | (19,887) |
| Decrease in cash and cash equivalents | (1,055,552) | (63,729) |
| Cash and cash equivalents, beginning of period | $2,243,971 | $1,154,867 |
| Cash and cash equivalents, end of period | $1,188,419 | $1,091,138 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.