lululemon athletica (LULU) FY2018 results: revenue $3.3 billion, up 24.1% on the year
lululemon athletica Inc. (LULU) reported revenue of $3.3 billion for fiscal 2018, the year ended 3 February 2019, up 24.1% on the year before. Net income was $484 million, up 87.0%, and diluted earnings per share $3.61. The figures are the company's own, from the 10-K it filed with the SEC on 26 March 2020.
Revenue
$3.3 billion
+24.1% on the year
FY2011FY2018
Operating margin
21.5%
17.2% a year earlier
FY2011FY2018
Net income
$484 million
+87.0% on the year
FY2011FY2018
Diluted EPS
$3.61
+90.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,288
2,649
2,344
+24.1%
Cost of revenue
1,472
1,250
1,145
+17.7%
Gross profit
1,816
1,399
1,200
+29.8%
Gross margin
55.2%
52.8%
51.2%
Selling, general and administrative
1,110
904
778
+22.8%
Operating income
706
456
421
+54.8%
Operating margin
21.5%
17.2%
18.0%
Pre-tax income
715
460
423
+55.5%
Income tax
231
201
119
+15.0%
Effective tax rate
32.4%
43.8%
28.2%
Net income
484
259
303
+87.0%
Net margin
14.7%
9.8%
12.9%
Diluted EPS
$3.61
$1.90
$2.21
+90.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
743
489
386
+51.8%
Capital expenditure
226
158
150
+43.0%
Free cash flow
517
331
237
+56.0%
Free cash flow margin
15.7%
12.5%
10.1%
Cash from investing
-243
-173
-150
Cash from financing
-590
-97.9
-26.6
Depreciation and amortisation
122
108
87.7
+13.2%
Share-based compensation
28.6
17.6
16.8
+62.2%
Buybacks
598
100
29.3
+496.8%
Diluted shares, weighted
134m
136m
137m
-1.6%
Shares outstanding at period end
122m
126m
127m
-3.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,446
1,597
1,360
-9.5%
Debt
0.0
0.0
0.0
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
639
402
298
+59.1%
Total liabilities and equity
2,085
1,998
1,658
+4.3%
Fixed assets
567
474
423
+19.8%
Goodwill
24.2
24.6
24.2
-1.5%
Intangible assets
0.0
0.1
0.3
Cash and equivalents
881
991
735
-11.0%
Receivables
35.8
19.2
9.2
+86.6%
Inventory
405
330
298
+22.8%
Other assets
171
161
167
+6.4%
Total assets
2,085
1,998
1,658
+4.3%
10-K for the year ended 3 February 2019, filed 26 March 2020: the filing.