lululemon athletica (LULU) FY2015 results: revenue $2.1 billion, up 14.7% on the year
lululemon athletica Inc. (LULU) reported revenue of $2.1 billion for fiscal 2015, the year ended 31 January 2016, up 14.7% on the year before. Net income was $266 million, up 11.3%, and diluted earnings per share $1.89. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2016.
Revenue
$2.1 billion
+14.7% on the year
FY2008FY2015
Operating margin
17.9%
20.9% a year earlier
FY2008FY2015
Net income
$266 million
+11.3% on the year
FY2008FY2015
Diluted EPS
$1.89
+13.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,061
1,797
1,591
+14.7%
Cost of revenue
1,063
883
751
+20.4%
Gross profit
997
914
840
+9.1%
Gross margin
48.4%
50.9%
52.8%
Selling, general and administrative
628
538
449
+16.7%
Operating income
369
376
391
-1.9%
Operating margin
17.9%
20.9%
24.6%
Pre-tax income
368
383
397
-3.8%
Income tax
102
144
118
-28.9%
Effective tax rate
27.8%
37.6%
29.6%
Net income
266
239
280
+11.3%
Net margin
12.9%
13.3%
17.6%
Diluted EPS
$1.89
$1.66
$1.91
+13.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
298
314
278
-5.4%
Capital expenditure
143
120
106
+19.8%
Free cash flow
154
195
172
-20.9%
Free cash flow margin
7.5%
10.8%
10.8%
Cash from investing
-143
-120
-106
Cash from financing
-272
-149
8.9
Depreciation and amortisation
73.4
58.4
49.1
+25.7%
Share-based compensation
10.4
8.3
10.1
+25.2%
Buybacks
274
147
0.0
+86.0%
Diluted shares, weighted
141m
144m
146m
-2.6%
Shares outstanding at period end
127m
132m
115m
-3.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,027
1,090
1,097
-5.7%
Debt
0.0
0.0
0.0
Other liabilities
287
207
156
+38.7%
Total liabilities and equity
1,314
1,296
1,252
+1.4%
Fixed assets
350
296
256
+18.1%
Goodwill
23.8
24.4
25.3
-2.4%
Intangible assets
0.9
1.8
2.9
-45.9%
Cash and equivalents
501
664
699
-24.5%
Receivables
13.1
13.7
11.9
-4.6%
Inventory
284
208
189
+36.5%
Other assets
141
87.7
69.2
+60.9%
Total assets
1,314
1,296
1,252
+1.4%
10-K for the year ended 31 January 2016, filed 30 March 2016: the filing.