lululemon athletica (LULU) FY2017 results: revenue $2.6 billion, up 13.0% on the year
lululemon athletica Inc. (LULU) reported revenue of $2.6 billion for fiscal 2017, the year ended 28 January 2018, up 13.0% on the year before. Net income was $259 million, down 14.7%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 26 March 2020.
Revenue
$2.6 billion
+13.0% on the year
FY2010FY2017
Operating margin
17.2%
18.0% a year earlier
FY2010FY2017
Net income
$259 million
-14.7% on the year
FY2010FY2017
Diluted EPS
$1.90
-14.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,649
2,344
2,061
+13.0%
Cost of revenue
1,250
1,145
1,063
+9.2%
Gross profit
1,399
1,200
997
+16.6%
Gross margin
52.8%
51.2%
48.4%
Selling, general and administrative
904
778
628
+16.2%
Operating income
456
421
369
+8.3%
Operating margin
17.2%
18.0%
17.9%
Pre-tax income
460
423
368
+8.8%
Income tax
201
119
102
+68.7%
Effective tax rate
43.8%
28.2%
27.8%
Net income
259
303
266
-14.7%
Net margin
9.8%
12.9%
12.9%
Diluted EPS
$1.90
$2.21
$1.89
-14.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
489
386
298
+26.6%
Capital expenditure
158
150
143
+5.6%
Free cash flow
331
237
154
+39.9%
Free cash flow margin
12.5%
10.1%
7.5%
Cash from investing
-173
-150
-143
Cash from financing
-97.9
-26.6
-272
Depreciation and amortisation
108
87.7
73.4
+23.4%
Share-based compensation
17.6
16.8
10.4
+4.7%
Buybacks
100
29.3
274
+241.9%
Diluted shares, weighted
136m
137m
141m
-0.8%
Shares outstanding at period end
126m
127m
127m
-1.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,597
1,360
1,027
+17.4%
Debt
0.0
0.0
0.0
Other liabilities
402
298
287
+34.9%
Total liabilities and equity
1,998
1,658
1,314
+20.6%
Fixed assets
474
423
350
+11.8%
Goodwill
24.6
24.2
23.8
+1.5%
Intangible assets
0.1
0.3
0.9
-77.5%
Cash and equivalents
991
735
501
+34.8%
Receivables
19.2
9.2
13.1
+108.4%
Inventory
330
298
284
+10.4%
Other assets
161
167
141
-3.6%
Total assets
1,998
1,658
1,314
+20.6%
10-K for the year ended 28 January 2018, filed 26 March 2020: the filing.