lululemon athletica inc.
For the period ended Feb 2, 2025. Filed Mar 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 27, 2025
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Property and Equipment
Note 5. Property and Equipment
| February 2, 2025 | January 28, 2024 | |
|---|---|---|
| (In thousands) | ||
| Land | $74,461 | $79,498 |
| Buildings | 27,655 | 29,032 |
| Leasehold improvements | 1,227,247 | 1,006,926 |
| Furniture and fixtures | 177,651 | 156,656 |
| Computer hardware | 202,479 | 176,597 |
| Computer software | 1,274,322 | 1,032,567 |
| Equipment and vehicles | 51,453 | 34,017 |
| Work in progress | 206,398 | 247,943 |
| Property and equipment, gross | 3,241,666 | 2,763,236 |
| Accumulated depreciation | (1,461,049) | (1,217,425) |
| Property and equipment, net | $1,780,617 | $1,545,811 |
Depreciation expense related to property and equipment was $443.3 million, $374.0 million, and $282.7 million for 2024, 2023, and 2022, respectively.
Gain on Disposal of Assets
During the second quarter of 2022, the Company completed the sale of an administrative office building, which resulted in a pre-tax gain of $10.2 million. The income tax effect of the gain on disposal of assets was an expense of $1.7 million.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.