Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

lululemon athletica inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Feb 2, 2025	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Net income	1,814,616)	1,550,190)	854,800)	975,322)	588,913)	645,596)
Depreciation and amortization	446,524)	379,384)	291,791)	224,206)	185,478)	161,933)
lululemon Studio obsolescence provision	—)	23,709)	62,928)	—)	—)	—)
Impairment of goodwill and other assets, restructuring costs	—)	74,501)	407,913)	—)	—)	—)
Gain on disposal of assets	—)	—)	(10,180)	—)	—)	—)
Stock-based compensation expense	90,011)	93,560)	78,075)	69,137)	50,797)	45,593)
Derecognition of unredeemed gift card liability	(36,231)	(28,547)	(23,337)	(18,699)	(13,696)	(11,939)
Settlement of derivatives not designated in a hedging relationship	(47,763)	32,527)	(38,649)	15,191)	4,485)	(1,925)
Deferred income taxes	57,451)	(28,383)	3,042)	(5,180)	34,908)	24,129)
Accounts receivable	1,626)	6,580)	(58,987)	—)	—)	—)
Inventories	(156,085)	66,584)	(573,438)	(323,609)	(96,548)	(117,591)
Prepaid and receivable income taxes	(2,031)	1,908)	(66,714)	20,108)	(53,966)	(35,775)
Prepaid expenses and other current assets	(71,789)	40,587)	(54,833)	(82,404)	(70,999)	(53,754)
Other non-current assets	(73,205)	(53,280)	(36,518)	(17,556)	(49,056)	(27,852)
Accounts payable	(57,044)	177,367)	(107,280)	117,655)	82,663)	(14,810)
Accrued liabilities and other	193,139)	(71,734)	65,364)	103,878)	99,161)	4,678)
Accrued compensation and related expenses	(112,110)	70,327)	47,254)	75,273)	(6,692)	25,326)
Current and non-current income taxes payable	157,205)	(173,196)	35,986)	120,778)	(24,125)	(34,137)
Unredeemed gift card liability	42,410)	84,315)	68,266)	71,441)	47,962)	33,289)
Right-of-use lease assets and current and non-current lease liabilities	23,501)	37,535)	23,905)	13,494)	13,267)	17,422)
Other current and non-current liabilities	2,488)	12,230)	(2,925)	30,073)	10,784)	9,133)
Changes in operating assets and liabilities	(51,895)	199,223)	(659,920)	129,131)	(47,549)	(194,071)
Adjustments to reconcile net income to net cash provided by operating activities	458,097)	745,974)	111,663)	413,786)	214,423)	23,720)
Net cash provided by operating activities	2,272,713)	2,296,164)	966,463)	1,389,108)	803,336)	669,316)
Purchase of property and equipment	(689,232)	(651,865)	(638,657)	(394,502)	(229,226)	(283,048)
Settlement of net investment hedges	50,213)	(1,609)	47,804)	(23,389)	(14,607)	347)
Acquisition, net of cash acquired	(154,146)	—)	—)	—)	(452,581)	—)
Other investing activities	(5,009)	(658)	20,916)	(10,000)	882)	4,293)
Net cash used in investing activities	(798,174)	(654,132)	(569,937)	(427,891)	(695,532)	(278,408)
Proceeds from settlement of stock-based compensation	19,813)	42,430)	11,704)	18,194)	15,263)	18,170)
Taxes paid related to net share settlement of stock-based compensation	(35,410)	(32,574)	(35,158)	(49,809)	(32,388)	(21,944)
Repurchase of common stock	(1,636,879)	(558,652)	(444,001)	(812,602)	(63,663)	(173,399)
Other financing activities	(32)	(32)	(32)	(770)	—)	—)
Net cash used in financing activities	(1,652,508)	(548,828)	(467,487)	(844,987)	(80,788)	(177,173)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(81,666)	(4,100)	(34,043)	(6,876)	29,996)	(1,550)
Increase (decrease) in cash and cash equivalents	(259,635)	1,089,104)	(105,004)	109,354)	57,012)	212,185)
Cash and cash equivalents, beginning of period	2,243,971)	1,154,867)	1,259,871)	1,150,517)	1,093,505)	881,320)
Cash and cash equivalents, end of period	1,984,336)	2,243,971)	1,154,867)	1,259,871)	1,150,517)	1,093,505)

Based on: 10-K (reporting date: 2025-02-02), 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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	lululemon athletica inc. net cash provided by operating activities increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	lululemon athletica inc. net cash used in investing activities decreased from 2023 to 2024 and from 2024 to 2025.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	lululemon athletica inc. net cash used in financing activities decreased from 2023 to 2024 and from 2024 to 2025.

lululemon athletica inc. (NASDAQ:LULU)

Cash Flow Statement