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
Contents
Supply Chain Financing Program
Note 13. Supply Chain Financing Program
The Company facilitates a voluntary supply chain financing ("SCF") program that allows its suppliers to elect to sell the receivables owed to them by the Company to a third party financial institution. Participating suppliers negotiate arrangements directly with the financial institution. If a supplier chooses to participate in the SCF program it may request an invoice be paid earlier than it would by the Company, and the financial institution at its sole and absolute discretion, may elect to make an early payment to the supplier at a discount. The Company's obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted by a supplier's participation in the arrangement and the Company provides no guarantees to any third parties under the SCF program.
A roll-forward of the amounts outstanding under the SCF program, which are presented within accounts payable, is presented below:
| 2024 | 2023 | |
|---|---|---|
| (In thousands) | ||
| Supply chain financing program balance, beginning of year | $42,139 | $17,578 |
| Amounts added during the year | 509,924 | 533,640 |
| Amounts settled during the year | (515,780) | (509,079) |
| Supply chain financing program balance, end of year | $36,283 | $42,139 |
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