lululemon athletica (LULU) FY2012 results: revenue $1.4 billion, up 36.9% on the year
lululemon athletica Inc. (LULU) reported revenue of $1.4 billion for fiscal 2012, the year ended 3 February 2013, up 36.9% on the year before. Net income was $271 million, up 47.0%, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 21 March 2013.
Revenue
$1.4 billion
+36.9% on the year
FY2008FY2012
Operating margin
27.5%
28.7% a year earlier
FY2008FY2012
Net income
$271 million
+47.0% on the year
FY2008FY2012
Diluted EPS
$1.85
+45.7% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,370
1,001
712
+36.9%
Cost of revenue
608
432
317
+40.8%
Gross profit
763
569
395
+34.0%
Gross margin
55.7%
56.9%
55.5%
Selling, general and administrative
386
282
215
+36.9%
Operating income
376
287
180
+31.2%
Operating margin
27.5%
28.7%
25.3%
Pre-tax income
381
289
183
+31.8%
Income tax
110
104
61.1
+5.2%
Effective tax rate
28.8%
36.1%
33.3%
Net income
271
184
122
+47.0%
Net margin
19.7%
18.4%
17.1%
Diluted EPS
$1.85
$1.27
$0.84
+45.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
280
204
180
+37.6%
Capital expenditure
93.2
117
30.4
-20.1%
Free cash flow
187
87.0
150
+114.9%
Free cash flow margin
13.6%
8.7%
21.0%
Cash from investing
-93.2
-122
-42.8
Cash from financing
-5.5
15.4
13.7
Depreciation and amortisation
43.0
30.3
24.6
+42.1%
Share-based compensation
15.6
10.3
7.3
+51.2%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
146m
145m
144m
+0.4%
Shares outstanding at period end
112m
110m
107m
+2.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
887
601
390
+47.5%
Non-controlling interest
n/a
4.8
3.9
Debt
n/a
0.0
0.0
Other liabilities
164
128
105
+27.5%
Total liabilities and equity
1,051
735
499
+43.1%
Fixed assets
215
163
71.0
+31.7%
Goodwill
5.2
26.3
20.3
-80.4%
Intangible assets
4.1
5.5
6.8
-25.2%
Cash and equivalents
590
409
316
+44.1%
Receivables
6.4
5.2
9.1
+22.1%
Inventory
155
104
57.5
+49.1%
Other assets
75.4
21.1
18.4
+257.5%
Total assets
1,051
735
499
+43.1%
10-K for the year ended 3 February 2013, filed 21 March 2013: the filing.