Cash Flow Statement
Quarterly Data

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 (quarterly data)

US$ in thousands

3 months ended:	May 4, 2025	Feb 2, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Net income	314,572)	748,403)	351,870)	392,922)	321,421)	669,468)	248,714)	341,603)	290,405)	119,811)	255,470)	289,521)	189,998)	434,504)	187,788)	208,074)	144,956)	329,837)	143,643)	86,801)	28,632)	298,021)	125,982)	124,990)	96,603)
Depreciation and amortization	114,529)	133,593)	113,599)	103,573)	95,759)	103,290)	97,969)	94,009)	84,116)	80,162)	79,188)	67,971)	64,470)	62,120)	57,963)	53,638)	50,485)	52,269)	49,033)	40,644)	43,532)	47,489)	44,022)	37,599)	32,823)
lululemon Studio obsolescence provision	—)	—)	—)	—)	—)	—)	23,709)	—)	—)	62,928)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Impairment of assets and restructuring costs	—)	—)	—)	—)	—)	—)	74,501)	—)	—)	407,913)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Gain on disposal of assets	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(10,180)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Stock-based compensation expense	23,091)	18,517)	24,169)	21,567)	25,758)	23,403)	24,573)	24,283)	21,301)	18,588)	20,312)	20,817)	18,358)	17,259)	21,657)	15,289)	14,932)	13,699)	15,186)	15,784)	6,128)	9,523)	14,065)	11,848)	10,157)
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	(47,520)	(28,118)	(6,829)	(12,500)	(316)	3,028)	10,629)	19,591)	(721)	(19,447)	(11,147)	2,323)	(10,378)	(15,236)	(14,583)	23,495)	21,515)	14,326)	3,697)	(7,869)	(5,669)	1,450)	2,055)	(447)	(4,983)
Deferred income taxes	—)	57,451)	—)	—)	—)	(28,383)	—)	—)	—)	3,042)	—)	—)	—)	(5,180)	—)	—)	—)	34,908)	—)	—)	—)	24,129)	—)	—)	—)
Accounts receivable	(18,504)	1,626)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Inventories	(174,319)	321,597)	(351,606)	(89,651)	(36,425)	368,385)	(67,751)	(78,876)	(155,174)	258,586)	(321,457)	(189,960)	(320,607)	(34,788)	(151,457)	(63,146)	(74,218)	137,606)	(95,960)	(15,384)	(122,810)	107,533)	(131,766)	(50,502)	(42,856)
Prepaid and receivable income taxes	(48,027)	72,884)	(46,361)	(18,450)	(10,104)	116,524)	(75,341)	(42,524)	3,249)	10,744)	(29,948)	(50,156)	2,646)	20,991)	(22,646)	20,996)	767)	29,147)	(43,253)	(35,703)	(4,157)	41,555)	(14,143)	(30,371)	(32,816)
Prepaid expenses and other current assets	22,676)	(20,854)	(34,967)	6,564)	(22,532)	5,965)	3,607)	10,084)	27,511)	(23,308)	(92,130)	(2,678)	4,296)	(39,009)	(35,058)	2,767)	(11,104)	(4,221)	(10,397)	(6,445)	(49,936)	(6,094)	(2,121)	(29,375)	(16,164)
Other non-current assets	(13,524)	(12,567)	(11,870)	(30,799)	(17,969)	(22,767)	(13,959)	(9,332)	(7,222)	(10,793)	(10,679)	(10,523)	(4,523)	(8,764)	(3,305)	(6,592)	1,105)	(12,637)	(15,989)	(17,008)	(3,422)	(12,405)	(15,447)	—)	—)
Accounts payable	22,489)	(102,623)	69,262)	58,683)	(82,366)	35,682)	15,678)	9,072)	116,935)	(133,817)	54,786)	(48,879)	20,630)	66,752)	22,671)	8,609)	19,623)	9,067)	37,629)	33,745)	2,222)	(35,895)	5,294)	21,211)	(5,420)
Accrued liabilities and other	(42,971)	21,573)	111,443)	22,589)	37,534)	(55,496)	(24,776)	62,223)	(53,685)	33,597)	25,685)	(22,031)	28,113)	15,999)	22,385)	27,313)	38,181)	25,425)	(5,454)	24,140)	55,050)	4,132)	4,248)	3,192)	(6,894)
Accrued compensation and related expenses	(65,635)	21,520)	14,180)	42,703)	(190,513)	71,823)	54,220)	64,983)	(120,699)	60,948)	36,493)	33,936)	(84,123)	24,836)	31,177)	(3,504)	22,764)	30,385)	11,960)	11,100)	(60,137)	35,549)	(2,737)	25,012)	(32,498)
Current and non-current income taxes payable	(160,295)	86,590)	79,277)	(49,778)	41,116)	(19,657)	13,677)	(25,979)	(141,237)	90,340)	37,520)	28,085)	(119,959)	90,916)	29,406)	5,889)	(5,433)	1,486)	(69,537)	40,215)	3,711)	14,436)	6,935)	5,025)	(60,533)
Unredeemed gift card liability	(40,665)	109,033)	(12,397)	(17,054)	(37,172)	120,242)	(550)	(8,871)	(26,506)	101,747)	1,618)	(11,283)	(23,816)	90,410)	408)	(3,539)	(15,838)	63,586)	(1,776)	(208)	(13,640)	57,472)	(4,770)	(5,772)	(13,641)
Right-of-use lease assets and current and non-current lease liabilities	(2,924)	7,267)	(2,644)	17,781)	1,097)	17,637)	5,849)	8,794)	5,255)	8,620)	6,510)	1,660)	7,115)	7,176)	5,053)	(555)	1,820)	6,690)	(811)	24,256)	(16,868)	7,628)	169)	1,440)	8,185)
Other current and non-current liabilities	(1,927)	1,729)	3,533)	(5,010)	2,236)	3,501)	(896)	7,650)	1,975)	(60)	13,596)	(985)	(15,476)	21,697)	6,893)	(3,071)	4,554)	55)	7,371)	(12,763)	16,121)	(8,374)	13,278)	(1,005)	5,234)
Changes in operating assets and liabilities	(523,626)	507,775)	(182,150)	(62,422)	(315,098)	641,839)	(90,242)	(2,776)	(349,598)	396,604)	(278,006)	(272,814)	(505,704)	256,216)	(94,473)	(14,833)	(17,779)	286,589)	(186,217)	45,945)	(193,866)	205,537)	(141,060)	(61,145)	(197,403)
Adjustments to reconcile net income to net cash provided by (used in) operating activities	(433,526)	652,987)	(51,211)	50,218)	(193,897)	714,630)	141,139)	135,107)	(244,902)	926,453)	(189,653)	(191,883)	(433,254)	296,480)	(29,436)	77,589)	69,153)	388,095)	(118,301)	94,504)	(149,875)	276,189)	(80,918)	(12,145)	(159,406)
Net cash provided by (used in) operating activities	(118,954)	1,401,390)	300,659)	443,140)	127,524)	1,384,098)	389,853)	476,710)	45,503)	1,046,264)	65,817)	97,638)	(243,256)	730,984)	158,352)	285,663)	214,109)	717,932)	25,342)	181,305)	(121,243)	574,210)	45,064)	112,845)	(62,803)
Purchase of property and equipment	(152,263)	(234,982)	(178,483)	(145,086)	(130,681)	(206,512)	(162,900)	(145,511)	(136,942)	(206,980)	(175,607)	(144,718)	(111,352)	(127,511)	(122,497)	(80,269)	(64,225)	(58,396)	(66,107)	(52,622)	(52,101)	(68,831)	(78,453)	(67,330)	(68,434)
Settlement of net investment hedges	48,671)	35,172)	890)	15,007)	(856)	(2,295)	1,235)	728)	(1,277)	18,646)	13,689)	5,445)	10,024)	13,058)	10,552)	(25,760)	(21,239)	(20,474)	(5,114)	4,506)	6,475)	(3,031)	(1,684)	405)	4,657)
Acquisition, net of cash acquired	—)	(23,150)	(130,996)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(452,581)	—)	—)	—)	—)	—)
Other investing activities	(3,250)	—)	—)	(5,009)	—)	—)	—)	(658)	—)	5,259)	—)	15,657)	—)	—)	—)	(10,000)	—)	(118)	—)	1,000)	—)	5,929)	(369)	(1,136)	(131)
Net cash used in investing activities	(106,842)	(222,960)	(308,589)	(135,088)	(131,537)	(208,807)	(161,665)	(145,441)	(138,219)	(183,075)	(161,918)	(123,616)	(101,328)	(114,453)	(111,945)	(116,029)	(85,464)	(78,988)	(71,221)	(499,697)	(45,626)	(65,933)	(80,506)	(68,061)	(63,908)
Proceeds from settlement of stock-based compensation	221)	12,536)	1,514)	2,370)	3,393)	17,493)	8,836)	4,228)	11,873)	1,461)	4,057)	1,043)	5,143)	574)	7,907)	5,218)	4,495)	1,121)	1,679)	9,328)	3,135)	3,140)	1,516)	1,337)	12,177)
Taxes paid related to net share settlement of stock-based compensation	(25,641)	(1,151)	(888)	(829)	(32,542)	(1,697)	(1,142)	(942)	(28,793)	(463)	(1,917)	(719)	(32,059)	(328)	(3,914)	(2,668)	(42,899)	(505)	(926)	(898)	(30,059)	(451)	(2,093)	(461)	(18,939)
Repurchase of common stock	(434,439)	(335,351)	(412,593)	(589,456)	(299,479)	(54,009)	(212,626)	(193,538)	(98,479)	(69,025)	(16,992)	(125,340)	(232,644)	(321,266)	(236,423)	(171,082)	(83,831)	—)	—)	—)	(63,663)	(307)	(7,993)	(1,569)	(163,530)
Other financing activities	(8,115)	(32)	—)	—)	—)	(32)	—)	—)	—)	(32)	—)	—)	—)	(770)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net cash used in financing activities	(467,974)	(323,998)	(411,967)	(587,915)	(328,628)	(38,245)	(204,932)	(190,252)	(115,399)	(68,059)	(14,852)	(125,016)	(259,560)	(321,790)	(232,430)	(168,532)	(122,235)	616)	753)	8,430)	(90,587)	2,382)	(8,570)	(693)	(170,292)
Effect of foreign currency exchange rate changes on cash and cash equivalents	34,706)	(58,515)	(1,796)	(10,697)	(10,658)	15,787)	(39,648)	15,906)	3,855)	7,113)	(35,254)	809)	(6,711)	(28,461)	9,573)	(10,800)	22,812)	29,376)	3,709)	9,954)	(13,043)	(3,307)	6,427)	3,406)	(8,076)
Increase (decrease) in cash and cash equivalents	(659,064)	795,917)	(421,693)	(290,560)	(343,299)	1,152,833)	(16,392)	156,923)	(204,260)	802,243)	(146,207)	(150,185)	(610,855)	266,280)	(176,450)	(9,698)	29,222)	668,936)	(41,417)	(300,008)	(270,499)	507,352)	(37,585)	47,497)	(305,079)

Net Income: The net income exhibits notable volatility across the reported periods, with significant spikes observed primarily in the February 2, 2020, and January 28, 2024 quarters, reaching highs of approximately $298 million and $669 million respectively. Between these peaks, there are several dips including May 3, 2020, and April 30, 2023, indicating fluctuations in profitability. The general trend suggests an overall increase in net income over time despite intermittent declines.
Depreciation and Amortization: Depreciation and amortization expenses show a consistent upward trajectory throughout the periods, rising from about $32.8 million in early 2019 to above $114 million in early 2025. This steady increase reflects growing capital investments or accumulated asset base requiring amortization.
Stock-based Compensation Expense: This expenditure generally increases from around $10 million in early 2019 to a peak near $26 million by late 2024, with some fluctuations. The increasing trend indicates a growing reliance on stock-based incentives as part of compensation strategy.
Derecognition of Unredeemed Gift Card Liability: The derecognition amounts, recorded intermittently, show a clear increasing pattern in absolute value, growing from negative amounts close to -$12 million initially to almost -$36 million in the most recent periods. This suggests higher recognition of gift card liabilities over time.
Settlement of Derivatives Not Designated in a Hedging Relationship: This item displays variability without a clear directional trend, with both positive and negative values throughout the timeline. Significant fluctuations suggest active derivative instrument activities with varying impacts on cash flows and expenses.
Inventories: Inventory figures fluctuate dramatically, alternating between large negative and positive values which may indicate changes in inventory writedowns, adjustments, or fluctuations in stock levels. Sharp negative values, particularly beginning late 2019 and into 2022-2023, point to significant inventory reductions or write-offs, while positive spikes could reflect restocking.
Accounts Payable: Accounts payable values swing significantly between positive and negative figures, with pronounced negative movements noted around January 2023 and April 2024. The volatility suggests varying payment cycles or changes in vendor credit terms impacting working capital management.
Accrued Liabilities and Other: The accrued liabilities demonstrate substantial fluctuations, with alternating large positive and negative balances. This variable pattern may reflect episodic recognition of expenses or liabilities related to operational activities or restructuring.
Current and Non-current Income Taxes Payable: Income taxes payable show considerable movement between positive and negative balances. Noteworthy negative positions, such as those in January 2023 and May 2025, could indicate tax refunds or overpayments, while positive balances reflect accrued tax obligations.
Unredeemed Gift Card Liability: This liability item varies significantly, with some quarters showing substantial increases and others decreases. Spikes in late 2021 and early 2023 suggest increased gift card sales or recognition of deferred revenue with subsequent reductions indicating redemption or derecognition events.
Right-of-use Lease Assets and Lease Liabilities: This line item reflects notable volatility, shifting between positive and negative balances throughout the periods. The fluctuations may be attributable to lease modifications, new leases, or lease terminations affecting the reported asset and liability balances.
Changes in Operating Assets and Liabilities: Operating asset and liability changes depict large swings with both substantial positive and negative values. The magnitude and direction of these swings significantly impact cash flow from operations, reflecting dynamic working capital changes and potential seasonality or business cycles.
Net Cash Provided by (Used in) Operating Activities: Operating cash flow oscillates considerably, with prominent peaks in February 2020, January 2021, January 2023, and January 2024, ranging from approximately $574 million to over $1.3 billion. These strong cash inflows coexist with intermittent quarters of cash outflows, indicating variable operational performance and cash conversion efficiency.
Purchase of Property and Equipment: Capital expenditures maintain high absolute values across all periods, typically around $50 million to $230 million per quarter with a general increasing trend. This sustained investment level suggests ongoing expansion or maintenance of fixed assets.
Acquisition, Net of Cash Acquired: Acquisition costs appear prominently in mid-2020 and early 2025, with outflows exceeding $450 million and $130 million respectively, indicating significant investment in business combinations or asset acquisitions during these quarters.
Net Cash Used in Investing Activities: Investing cash flows show consistent negative values, reflecting ongoing capital expenditures and acquisitions. Peaks in cash outflows correspond with acquisition periods, highlighting substantial investment activity.
Net Cash Used in Financing Activities: Financing activities exhibit predominantly negative cash flows, with large stock repurchases being the primary driver. Repurchase outlays peak notably in late 2021 through 2024, often exceeding $100 million per quarter, demonstrating active capital return to shareholders. Some quarters show minor positive financing cash flows, indicating variable financing inflows.
Effect of Foreign Currency Exchange Rate Changes on Cash and Equivalents: This item fluctuates widely between significant positive and negative impacts, pointing to notable foreign exchange volatility affecting cash balances.
Increase (Decrease) in Cash and Cash Equivalents: Cash movements are highly volatile, with major positive surges accompanying strong operating cash inflows and negative troughs linked to high investing and financing outflows. Noteworthy positive changes occur in early 2020, early 2021, and early 2024, reflecting favorable cash management during those periods.

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lululemon athletica inc. (NASDAQ:LULU)

Cash Flow Statement Quarterly Data

Cash Flow Statement
Quarterly Data