lululemon athletica (LULU) FY2016 results: revenue $2.3 billion, up 13.8% on the year
lululemon athletica Inc. (LULU) reported revenue of $2.3 billion for fiscal 2016, the year ended 29 January 2017, up 13.8% on the year before. Net income was $303 million, up 14.0%, and diluted earnings per share $2.21. The figures are the company's own, from the 10-K it filed with the SEC on 29 March 2017.
Revenue
$2.3 billion
+13.8% on the year
FY2009FY2016
Operating margin
18.0%
17.9% a year earlier
FY2009FY2016
Net income
$303 million
+14.0% on the year
FY2009FY2016
Diluted EPS
$2.21
+16.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,344
2,061
1,797
+13.8%
Cost of revenue
1,145
1,063
883
+7.7%
Gross profit
1,200
997
914
+20.3%
Gross margin
51.2%
48.4%
50.9%
Selling, general and administrative
778
628
538
+23.9%
Operating income
421
369
376
+14.1%
Operating margin
18.0%
17.9%
20.9%
Pre-tax income
423
368
383
+14.7%
Income tax
119
102
144
+16.5%
Effective tax rate
28.2%
27.8%
37.6%
Net income
303
266
239
+14.0%
Net margin
12.9%
12.9%
13.3%
Diluted EPS
$2.21
$1.89
$1.66
+16.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
386
298
314
+29.9%
Capital expenditure
150
143
120
+4.2%
Free cash flow
237
154
195
+53.8%
Free cash flow margin
10.1%
7.5%
10.8%
Cash from investing
-150
-143
-120
Cash from financing
-26.6
-272
-149
Depreciation and amortisation
87.7
73.4
58.4
+19.5%
Share-based compensation
16.8
10.4
8.3
+62.4%
Buybacks
29.3
274
147
-89.3%
Diluted shares, weighted
137m
141m
144m
-2.4%
Shares outstanding at period end
127m
127m
132m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,360
1,027
1,090
+32.4%
Debt
0.0
0.0
0.0
Other liabilities
298
287
207
+3.8%
Total liabilities and equity
1,658
1,314
1,296
+26.1%
Fixed assets
423
350
296
+21.1%
Goodwill
24.2
23.8
24.4
+1.7%
Intangible assets
0.3
0.9
1.8
-65.8%
Cash and equivalents
735
501
664
+46.5%
Receivables
9.2
13.1
13.7
-29.8%
Inventory
298
284
208
+5.1%
Other assets
167
141
87.7
+18.4%
Total assets
1,658
1,314
1,296
+26.1%
10-K for the year ended 29 January 2017, filed 29 March 2017: the filing.