XML 26 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Feb. 02, 2025
Jan. 28, 2024
Jan. 29, 2023
Cash flows from operating activities      
Net income $ 1,814,616 $ 1,550,190 $ 854,800
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 446,524 379,384 291,791
lululemon Studio Mirror provision 0 23,709 62,928
Impairment of goodwill and other assets, restructuring costs 0 74,501 407,913
Gain on disposal of assets 0 0 (10,180)
Stock-based compensation expense 90,011 93,560 78,075
Derecognition of unredeemed gift card liability (36,231) (28,547) (23,337)
Settlement of derivatives not designated in a hedging relationship (47,763) 32,527 (38,649)
Deferred income taxes 57,451 (28,383) 3,042
Changes in operating assets and liabilities:      
Accounts receivable 1,626 6,580 (58,987)
Inventories (156,085) 66,584 (573,438)
Prepaid and receivable income taxes (2,031) 1,908 (66,714)
Prepaid expenses and other current assets (71,789) 40,587 (54,833)
Other non-current assets (73,205) (53,280) (36,518)
Accounts payable (57,044) 177,367 (107,280)
Accrued liabilities and other 193,139 (71,734) 65,364
Accrued compensation and related expenses (112,110) 70,327 47,254
Current and non-current income taxes payable 157,205 (173,196) 35,986
Unredeemed gift card liability 42,410 84,315 68,266
Right-of-use lease assets and current and non-current lease liabilities 23,501 37,535 23,905
Other current and non-current liabilities 2,488 12,230 (2,925)
Net cash provided by operating activities 2,272,713 2,296,164 966,463
Cash flows from investing activities      
Purchase of property and equipment (689,232) (651,865) (638,657)
Settlement of net investment hedges 50,213 (1,609) 47,804
Acquisition, net of cash acquired (154,146) 0 0
Other investing activities (5,009) (658) 20,916
Net cash used in investing activities (798,174) (654,132) (569,937)
Cash flows from financing activities      
Proceeds from settlement of stock-based compensation 19,813 42,430 11,704
Taxes paid related to net share settlement of stock-based compensation (35,410) (32,574) (35,158)
Repurchase of common stock (1,636,879) (558,652) (444,001)
Other financing activities (32) (32) (32)
Net cash used in financing activities (1,652,508) (548,828) (467,487)
Effect of foreign currency exchange rate changes on cash and cash equivalents (81,666) (4,100) (34,043)
Increase (decrease) in cash and cash equivalents (259,635) 1,089,104 (105,004)
Cash and cash equivalents, beginning of period 2,243,971 1,154,867 1,259,871
Cash and cash equivalents, end of period $ 1,984,336 $ 2,243,971 $ 1,154,867