Lululemon 2011 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2011 Lululemon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

Table of Contents
The selected consolidated financial data set forth below are derived from our consolidated financial statements and should be read in
conjunction with our consolidated financial statements and the related notes and “Management’
s Discussion and Analysis of Financial Condition
and Results of Operations” appearing elsewhere in this Form 10-K. The consolidated statement of operations data for each of the years ended
January 29, 2012, January 30, 2011, January 31, 2010, February 1, 2009 and February 3, 2008 and the consolidated balance sheet data as of
January 29, 2012, January 30, 2011, January 31, 2010, February 1, 2009 and February 3, 2008 are derived from, and qualified by reference to,
our audited consolidated financial statements and related notes appearing elsewhere in this Annual Report.
We completed a corporate reorganization on July 26, 2007. The financial data below reflects our operations as if the reorganization had
occurred prior to the first period presented.
23
ITEM 6.
SELECTED CONSOLIDATED FINANCIAL DATA
Fiscal Year Ended
January 29,
2012
January 30,
2011
January 31,
2010
February 1,
2009
February 3,
2008
(In thousands, except per share data)
Consolidated statement of operations data:
Net revenue
$
1,000,839
$
711,704
$
452,898
$
353,488
$
269,942
Cost of goods sold
431,569
316,757
229,812
174,421
125,015
Gross profit
569,270
394,947
223,086
179,067
144,927
Operating expenses:
Selling, general and administrative expenses
282,312
212,784
136,161
118,098
93,376
Provision for impairment and lease exit costs
—
1,722
379
4,405
—
Income from operations
286,958
180,391
86,546
56,564
51,551
Other income (expense), net
2,500
2,886
164
821
1,029
Income before provision for income taxes
289,458
183,277
86,710
57,385
52,580
Provision for income taxes
104,494
61,080
28,429
16,884
20,464
Net income from continuing operations
184,964
122,197
58,281
40,501
32,116
Net income attributable to non
-
controlling interest
901
350
—
—
—
Net loss from discontinued operations
—
—
—
(
1,138
)
(1,273
)
Net income attributable to lululemon athletica inc.
$
184,063
$
121,847
$
58,281
$
39,363
$
30,843
Basic earnings (loss) per share
Continuing operations
$
1.29
$
0.86
$
0.41
$
0.30
$
0.24
Discontinued operations
—
—
—
(
0.01
)
(0.01
)
Net basic earnings per share
$
1.29
$
0.86
$
0.41
$
0.29
$
0.23
Diluted earnings (loss) per share
Continuing operations
$
1.27
$
0.85
$
0.41
$
0.29
$
0.23
Discontinued operations
—
—
—
(
0.01
)
(0.01
)
Net diluted earnings per share
$
1.27
$
0.85
$
0.41
$
0.28
$
0.22
Basic weighted
-
average number of shares outstanding
143,196
141,720
140,502
137,422
132,860
Diluted weighted
-
average number of shares outstanding
145,278
143,858
141,898
141,884
138,596