Lululemon athletica inc. (LULU)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Feb'15Oct'14Jul'14Apr'14Feb'14Oct'13Jul'13Apr'13Feb'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10
Cash flows from operating activities
Net income

298,021

125,982

124,990

96,603

218,465

94,413

95,770

75,153

119,761

58,944

48,711

31,246

136,135

68,285

53,625

45,336

117,416

53,153

47,668

47,810

110,853

60,451

48,748

18,981

-

-

56,464

47,279

-

-

-

-

-

38,794

38,379

33,372

54,766

25,701

21,792

19,588

Net income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

239

144

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109,375

57,380

57,702

46,974

-

-

-

-

54,966

25,936

21,707

19,588

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-105,650

33,516

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

47,489

44,022

37,599

32,823

35,369

31,686

28,656

26,773

28,106

28,560

28,406

23,163

24,056

23,958

20,498

19,185

20,885

19,707

16,695

16,096

16,655

15,612

13,637

12,460

12,345

12,916

12,078

11,729

12,038

11,483

9,681

9,798

9,371

7,327

7,520

6,041

6,198

6,426

6,602

5,388

Stock-based compensation expense

9,523

14,065

11,848

10,157

9,952

5,568

7,855

5,193

4,562

4,338

5,980

2,730

3,883

4,813

4,952

3,174

3,717

618

3,953

2,068

2,887

2,013

1,392

1,977

-2,366

4,165

4,002

4,286

3,809

3,788

4,149

3,891

2,595

2,679

2,337

2,729

1,908

1,802

1,837

1,726

Provision for inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

607

-

-

-

-

-

-

-

-

-

2,401

-1,238

17,153

-

361

302

61

-

-

-

-

-

-

-

-

Asset impairment for ivivva restructuring

-

-

-

-

-

-

-

-

0

0

0

11,593

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of derivatives not designated in a hedging relationship

-1,450

-2,055

447

4,983

10,206

2,863

1,596

211

-2,049

-4,178

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

29,801

-5,639

-5,819

-6,927

-

-

-

-

-

-

-

-

-23,004

-6,872

-3,157

30,946

-

-

1,205

0

-

-

-

-

9,763

31

-10,189

-298

-6,936

5,695

7,330

5,145

Tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

440

209

360

7

46

0

4

481

5,692

280

2,729

2,051

884

4,237

137

1,222

2,196

2,195

3,905

158

567

3,233

Changes in operating assets and liabilities:
Inventories

-107,533

131,766

50,502

42,856

-91,948

104,825

22,295

50,770

-74,297

85,434

-86

10,127

-68,257

90,607

-4,643

-12,304

-68,031

77,307

48,213

25,797

-17,789

54,013

-211

-9,207

-33,545

45,911

19,912

6,229

-10,040

39,431

19,021

2,810

-24,923

40,831

24,612

5,552

-

6,246

12,411

5,366

Prepaid and receivable income taxes

-41,555

14,143

30,371

32,816

-27,208

14,390

15,276

-2,021

-28,677

11,464

-10,070

-4,959

-42,117

24,560

5,672

348

-31,454

69,950

15,796

-2,182

-2,820

12,235

11,719

-5,900

-15,191

2,009

5,478

4,637

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,225

Other prepaid expenses and other current and non-current assets

18,499

17,568

29,375

16,164

12,251

12,896

6,639

-1,133

996

-13,617

14,351

6,025

2,217

3,876

9,375

220

-2,281

663

2,024

3,410

390

-2,595

8,596

53

-706

7,062

4,514

3,069

3,527

-9,245

8,199

8,011

-4,663

-10,957

3,402

6,844

-

-1,769

718

1,255

Other non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-513

6,264

3,053

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-35,895

5,294

21,211

-5,420

-57,655

42,732

94,561

-7,676

9,590

-4,357

9,014

-15,798

15,638

954

2,020

-4,532

4,695

-1,639

2,283

-4,092

782

2,729

96

-5,805

7,899

-7,939

8,958

2,709

-5,523

-357

2,624

-10,225

8,481

1,465

1,019

-3,104

-

2,056

-2,003

-2,718

Accrued inventory liabilities

-3,658

1,129

-175

-6,894

4,704

-1,007

-6,902

7,517

-10,922

5,031

-2,797

12,368

-24,170

13,702

-1,375

-7,057

-13,217

4,749

-2,335

16,001

-18,946

22,172

3,519

1,531

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation and related expenses

35,549

-2,737

25,012

-32,498

23,591

22,935

9,231

-14,157

6,294

15,549

6,068

-15,038

1,108

14,802

5,372

-11,339

489

11,054

6,247

-2,853

-2,254

6,802

3,198

3,815

-4,808

5,545

1,730

-8,749

5,358

2,738

5,206

-8,607

4,259

1,206

6,932

-6,421

-

-

-

-

Sales tax collected

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,341

-107

-1,121

-6,345

8,099

-510

-685

1,328

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,064

1,447

7,847

-

12,893

-312

-1,533

-

16,261

-409

4,412

-

11,543

-3,039

3,584

Current income taxes payable

14,436

6,935

-5,111

-56,524

42,780

21,645

-16,121

4,293

9,950

-1,110

-23,070

-2,240

7,543

-10,615

-1,752

-5,196

-7,696

45,629

965

-19,428

16,957

2,554

29

-236

5,197

-478

-2,007

-37,787

32,809

1,424

-3,364

82

14,415

-439

-57

-17,870

-

3,156

359

-5,488

Unredeemed gift card liability

57,472

-4,770

-5,772

-13,641

42,712

-784

-4,744

-12,299

35,554

-3,080

-4,825

-10,367

30,133

-1,444

-3,637

-9,042

27,597

-1,040

-2,473

-7,510

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current income taxes payable

0

0

10,136

-4,009

-12,013

10,034

0

-4,190

48,268

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use lease assets and current and non-current lease liabilities

7,628

169

1,440

8,185

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current and non-current liabilities

-584

16,397

2,362

5,234

11,372

14,602

11,689

3,057

14,235

-2,026

25,165

-137

-1,443

1,541

-1,262

208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,588

4,019

-1,191

-

-180

5,025

-139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,897

-672

-1,273

-10,705

-1,235

-673

7,609

-11,497

385

1,247

5,117

-6,244

-1,669

-805

3,086

-8,707

1,875

1,002

87

-

-1,386

-3,450

3,574

Net cash provided by operating activities

574,210

45,064

112,845

-62,803

425,903

106,850

174,189

35,837

358,028

29,271

82,638

19,400

287,733

-2,534

61,166

40,027

271,598

-6,221

11,221

20,940

147,608

42,856

53,010

70,975

183,533

23,875

45,796

25,135

166,873

49,720

47,568

15,952

150,095

33,991

13,874

5,655

92,078

53,365

21,980

12,572

Cash flows from investing activities
Payments to Acquire Property, Plant, and Equipment

68,831

78,453

67,330

68,434

69,061

72,739

49,693

34,314

50,736

57,239

30,010

19,879

43,343

34,907

44,617

26,644

35,426

42,943

37,182

27,936

30,360

37,271

26,655

25,447

34,463

27,931

23,038

20,976

21,188

32,995

26,350

12,696

15,967

13,366

12,493

74,831

8,406

10,380

5,693

5,878

Settlement of net investment hedges

-3,031

-1,684

405

4,657

7,819

3,883

4,514

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-5,929

369

1,136

131

0

0

771

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in and advances to franchise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

279

Net cash used in investing activities

-65,933

-80,506

-68,061

-63,908

-76,880

-76,622

-54,978

-34,314

-53,341

-70,162

-30,010

-19,879

-43,343

-34,907

-44,617

-26,644

-35,426

-42,943

-37,182

-27,936

-30,360

-37,271

-26,655

-25,447

-34,463

-27,931

-23,038

-20,976

-21,188

-32,995

-26,350

-12,696

-15,967

-19,020

-12,493

-74,831

-8,406

-10,380

-17,896

-6,157

Cash flows from financing activities
Proceeds from settlement of stock-based compensation

3,140

1,516

1,337

12,177

393

3,505

5,344

8,408

3,980

733

637

278

948

880

1,500

3,579

264

319

1,319

2,802

461

201

676

1,575

693

2,344

4,971

163

4,036

1,629

775

4,574

753

1,157

1,741

5,963

1,849

1,649

589

1,749

Tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

440

209

360

7

46

0

4

481

5,692

280

2,729

2,051

884

4,237

137

1,222

2,196

2,195

3,905

158

567

3,233

Taxes paid related to net share settlement of stock-based compensation

451

2,093

461

18,939

241

1,537

501

6,500

143

1,062

63

1,961

577

1,086

169

1,436

418

975

227

1,237

952

360

436

3,224

444

476

0

4,801

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

307

7,993

1,569

163,530

184,005

8,089

406,238

8

992

8,468

77,997

12,804

771

0

12,791

15,765

104,219

87,976

63,183

18,815

17,165

74,462

55,804

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

2,382

-8,570

-693

-170,292

-183,853

-106,122

-302,139

1,900

2,845

-8,797

-77,423

-14,487

-1,323

-206

-11,460

-13,622

-105,039

-88,615

-61,796

-17,041

-17,296

-74,614

-55,518

-1,649

253

2,349

10,663

-4,358

6,372

-22,333

1,659

8,811

890

2,379

3,937

8,158

5,754

1,807

1,156

4,982

Effect of exchange rate changes on cash

-3,307

6,427

3,406

-8,076

12,543

1,660

-5,802

-27,353

32,915

-21,470

47,718

-21,591

11,393

-17,317

-19,785

48,803

-33,097

-37

-26,862

15,439

-69,055

-22,462

2,271

9,437

-51,419

-7,821

-11,566

-1,562

-1,301

745

-2,921

2,826

-2,527

-5,132

-1,461

5,603

2,085

1,811

-708

2,670

Increase (decrease) in cash and cash equivalents

507,352

-37,585

47,497

-305,079

177,713

-74,234

-188,730

-23,930

340,447

-71,158

22,923

-36,557

254,460

-54,964

-14,696

48,564

98,036

-137,816

-114,619

-8,598

30,897

-91,491

-26,892

53,316

97,904

-9,528

21,855

-1,761

150,756

-4,863

19,956

14,893

132,491

12,218

3,857

-55,415

91,511

46,603

4,532

14,067