Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

lululemon athletica inc., consolidated income statement

US$ in thousands

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Net revenue	9,619,278)	8,110,518)	6,256,617)	4,401,879)	3,979,296)	3,288,319)
Cost of goods sold	(4,009,873)	(3,618,178)	(2,648,052)	(1,937,888)	(1,755,910)	(1,472,032)
Gross profit	5,609,405)	4,492,340)	3,608,565)	2,463,991)	2,223,386)	1,816,287)
Selling, general and administrative expenses	(3,397,218)	(2,757,447)	(2,225,034)	(1,609,003)	(1,334,247)	(1,110,379)
Impairment of goodwill and other assets, restructuring costs	(74,501)	(407,913)	—)	—)	—)	—)
Amortization of intangible assets	(5,010)	(8,752)	(8,782)	(5,160)	(29)	(72)
Acquisition-related expenses	—)	—)	(41,394)	(29,842)	—)	—)
Gain on disposal of assets	—)	10,180)	—)	—)	—)	—)
Income from operations	2,132,676)	1,328,408)	1,333,355)	819,986)	889,110)	705,836)
Other income (expense), net	43,059)	4,163)	514)	(636)	8,283)	9,414)
Income before income tax expense	2,175,735)	1,332,571)	1,333,869)	819,350)	897,393)	715,250)
Income tax expense	(625,545)	(477,771)	(358,547)	(230,437)	(251,797)	(231,449)
Net income	1,550,190)	854,800)	975,322)	588,913)	645,596)	483,801)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	lululemon athletica inc. net revenue increased from 2022 to 2023 and from 2023 to 2024.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	lululemon athletica inc. income from operations decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income before income tax expense	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	lululemon athletica inc. income before income tax expense decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	lululemon athletica inc. net income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

lululemon athletica inc. (NASDAQ:LULU)

Income Statement