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Table of Contents
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
The selected consolidated financial data set forth below is derived from our consolidated financial statements and should be read in
conjunction with our consolidated financial statements for the years ended February 1, 2015 , February 2, 2014 , February 3, 2013 ,
January 29,
2012 and January 30, 2011 . The consolidated statement of operations and comprehensive income data for each of the years ended February 1,
2015 , February 2, 2014 and February 3, 2013 and the consolidated balance sheet data as of February 1, 2015 and February 2, 2014 is derived
from, and qualified by reference to, our audited consolidated financial statements and related notes appearing elsewhere in this Annual Report.
The consolidated statement of operations and comprehensive income for the year ended February 3, 2013 covers a 53 week period compared to a
52 week period for the other years.
18
Fiscal Year Ended
February 1, 2015
February 2, 2014
February 3, 2013
January 29, 2012
January 30, 2011
(In thousands, except per share data)
Consolidated statement of operations and
comprehensive income data:
Net revenue
$
1,797,213
$
1,591,188
$
1,370,358
$
1,000,839
$
711,704
Cost of goods sold
883,033
751,112
607,532
431,488
316,757
Gross profit
914,180
840,076
762,826
569,351
394,947
Operating expenses:
Selling, general and administrative expenses
538,147
448,718
386,387
282,393
212,784
Provision for impairment and lease exit costs
—
—
—
—
1,772
Income from operations
376,033
391,358
376,439
286,958
180,391
Other income (expense), net
7,102
5,768
4,957
2,500
2,886
Income before provision for income taxes
383,135
397,126
381,396
289,458
183,277
Provision for income taxes
144,102
117,579
109,965
104,494
61,080
Net income
239,033
279,547
271,431
184,964
122,197
Net income attributable to non-controlling interest
—
—
875
901
350
Net income attributable to lululemon athletica inc.
$
239,033
$
279,547
$
270,556
$
184,063
$
121,847
Other comprehensive (loss) income:
Foreign currency translation adjustment
(105,339
)
(89,158
)
(459
)
1,220
14,462
Comprehensive income
$
133,694
$
190,389
$
270,097
$
185,283
$
136,309
Basic earnings per share
$
1.66
$
1.93
$
1.88
$
1.29
$
0.86
Diluted earnings per share
$
1.66
$
1.91
$
1.85
$
1.27
$
0.85
Basic weighted-average number of shares
outstanding
143,935
144,913
144,000
143,196
141,720
Diluted weighted-average number of shares
outstanding
144,298
146,043
145,806
145,278
143,858
As of
February 1, 2015
February 2, 2014
February 3, 2013
January 29, 2012
January 30, 2011
(In thousands)
Consolidated balance sheet data:
Cash and cash equivalents
$
664,479
$
698,649
$
590,179
$
409,437
$
316,286
Total assets
1,296,213
1,252,388
1,052,678
736,034
499,302
Total stockholders' equity
1,089,568
1,096,682
887,299
606,181
394,293
Non-controlling interest
—
—
—
4,805
3,904