Lululemon 2013 Annual Report Download - page 66

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Table of Contents
The Company's quarterly results of operations have varied in the past and are likely to do so again in the future. As such, the Company
believes that comparisons of its quarterly results of operations should not be relied upon as an indication of the Company's future performance.
58
Fiscal 2013
Fiscal 2012
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(In thousands) (unaudited)
Consolidated
statements of
operations and
comprehensive income:
Net revenue
$
520,993
$
379,900
$
344,513
$
345,782
$
485,489
$
316,537
$
282,634
$
285,698
Cost of goods sold
242,203
175,294
158,558
175,057
210,982
141,237
126,879
128,434
Gross profit
278,790
204,606
185,955
170,725
274,507
175,300
155,755
157,264
Operating expenses:
Selling, general and
administrative expenses
124,643
112,270
106,969
104,836
121,932
94,689
85,567
84,199
Income from operations
154,147
92,336
78,986
65,889
152,575
80,611
70,188
73,065
Other income (expense),
net
1,519
1,453
1,295
1,501
1,457
1,424
1,166
910
Income before provision
for income taxes
155,666
93,789
80,281
67,390
154,032
82,035
71,354
73,975
Provision for income
taxes
45,974
27,678
23,816
20,111
44,657
24,655
13,652
27,001
Net income
109,692
66,111
56,465
47,279
109,375
57,380
57,702
46,974
Net income attributable to
non-controlling interest
—
—
—
—
—
64
480
331
Net income attributable to
lululemon athletica inc.
$
109,692
$
66,111
$
56,465
$
47,279
$
109,375
$
57,316
$
57,222
$
46,643
Basic earnings per share
$
0.75
$
0.46
$
0.39
$
0.33
$
0.76
$
0.40
$
0.40
$
0.32
Diluted earnings per share
$
0.75
$
0.45
$
0.39
$
0.32
$
0.75
$
0.39
$
0.39
$
0.32
Other comprehensive
(loss) income:
Foreign currency
translation adjustment
(53,657
)
(9,153
)
(21,901
)
(4,447
)
(79
)
2,642
(10,567
)
7,545
Comprehensive income
$
56,035
$
56,958
$
34,564
$
42,832
$
109,296
$
59,958
$
46,655
$
54,188