lululemon athletica inc.
For the period ended Feb 1, 2026. Filed Mar 17, 2026.
View on SEC.govAbout this filing
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.
FY2026 · Filed Mar 17, 2026
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
Item 8. Consolidated Statements of Cash Flows
(Amounts in thousands)
| Fiscal Year Ended | |||
|---|---|---|---|
| February 1,2026 | February 2,2025 | January 28,2024 | |
| Cash flows from operating activities | |||
| Net income | $1,579,183 | $1,814,616 | $1,550,190 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 496,228 | 446,524 | 379,384 |
| lululemon Studio obsolescence provision | — | — | 23,709 |
| Impairment of assets and restructuring costs | — | — | 74,501 |
| Stock-based compensation expense | 62,203 | 90,011 | 93,560 |
| Derecognition of unredeemed gift card liability | (37,766) | (36,231) | (28,547) |
| Settlement of derivatives not designated in a hedging relationship | (34,552) | (47,763) | 32,527 |
| Deferred income taxes | (53,379) | 57,451 | (28,383) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (65,755) | 1,626 | 6,580 |
| Inventories | (188,710) | (156,085) | 66,584 |
| Prepaid and receivable income taxes | (170,216) | (2,031) | 1,908 |
| Prepaid expenses and other current assets | 47,779 | (71,789) | 40,587 |
| Other non-current assets | (70,351) | (73,205) | (53,280) |
| Accounts payable | 45,856 | (57,044) | 177,367 |
| Accrued liabilities and other | 98,421 | 193,139 | (71,734) |
| Accrued compensation and related expenses | (24,737) | (112,110) | 70,327 |
| Current and non-current income taxes payable | (150,496) | 157,205 | (173,196) |
| Unredeemed gift card liability | 41,253 | 42,410 | 84,315 |
| Right-of-use lease assets and current and non-current lease liabilities | 6,884 | 23,501 | 37,535 |
| Other current and non-current liabilities | 20,632 | 2,488 | 12,230 |
| Net cash provided by operating activities | 1,602,477 | 2,272,713 | 2,296,164 |
| Cash flows from investing activities | |||
| Purchase of property and equipment | (680,802) | (689,232) | (651,865) |
| Settlement of net investment hedges | 27,205 | 50,213 | (1,609) |
| Acquisition, net of cash acquired | — | (154,146) | — |
| Other investing activities | (8,521) | (5,009) | (658) |
| Net cash used in investing activities | (662,118) | (798,174) | (654,132) |
| Cash flows from financing activities | |||
| Proceeds from settlement of stock-based compensation | 8,377 | 19,813 | 42,430 |
| Taxes paid related to net share settlement of stock-based compensation | (27,372) | (35,410) | (32,574) |
| Repurchase of common stock | (1,178,349) | (1,636,879) | (558,652) |
| Other financing activities | (11,312) | (32) | (32) |
| Net cash used in financing activities | (1,208,656) | (1,652,508) | (548,828) |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 91,163 | (81,666) | (4,100) |
| Increase (decrease) in cash and cash equivalents | (177,134) | (259,635) | 1,089,104 |
| Cash and cash equivalents, beginning of period | $1,984,336 | $2,243,971 | $1,154,867 |
| Cash and cash equivalents, end of period | $1,807,202 | $1,984,336 | $2,243,971 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.