filings.toolsItem 6. SELECTED CONSOLIDATED FINANCIAL DATA
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Item 6. SELECTED CONSOLIDATED FINANCIAL DATA
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The selected consolidated financial data set forth below are derived from our consolidated financial statements and should be read in conjunction with our consolidated financial statements the years February 3, 2013, January 29, 2012, January 30, 2011, January 31, 2010 and February 1, 2009. The consolidated statement of operations and comprehensive income data for each of the years ended February 3, 2013, January 29, 2012 and January 30, 2011and the consolidated balance sheet data as of February 3, 2013 and January 29, 2012 are derived from, and qualified by reference to, our audited consolidated financial statements and related notes appearing elsewhere in this Annual Report. The consolidated statement of operations and comprehensive income for the year ended February 3, 2013 covers a 53 week period compared to a 52 week period for the other years.
| Fiscal Year Ended | ||||||||||||||||||||
| February 3, 2013 | January 29, 2012 | January 30, 2011 | January 31, 2010 | February 1, 2009 | ||||||||||||||||
| (In thousands, except per share data) | ||||||||||||||||||||
| Consolidated statement of operations and comprehensive income data: | ||||||||||||||||||||
| Net revenue | $ | 1,370,358 | $ | 1,000,839 | $ | 711,704 | $ | 452,898 | $ | 353,488 | ||||||||||
| Cost of goods sold | 607,532 | 431,488 | 316,757 | 229,812 | 174,421 | |||||||||||||||
| Gross profit | 762,826 | 569,351 | 394,947 | 223,086 | 179,067 | |||||||||||||||
| Operating expenses: | ||||||||||||||||||||
| Selling, general and administrative expenses | 386,387 | 282,393 | 212,784 | 136,161 | 118,098 | |||||||||||||||
| Provision for impairment and lease exit costs | — | — | 1,722 | 379 | 4,405 | |||||||||||||||
| Income from operations | 376,439 | 286,958 | 180,391 | 86,546 | 56,564 | |||||||||||||||
| Other income (expense), net | 4,957 | 2,500 | 2,886 | 164 | 821 | |||||||||||||||
| Income before provision for income taxes | 381,396 | 289,458 | 183,277 | 86,710 | 57,385 | |||||||||||||||
| Provision for income taxes | 109,965 | 104,494 | 61,080 | 28,429 | 16,884 | |||||||||||||||
| Net income | 271,431 | 184,964 | 122,197 | 58,281 | 40,501 | |||||||||||||||
| Net income attributable to non-controlling interest | 875 | 901 | 350 | — | — | |||||||||||||||
| Net loss from discontinued operations | — | — | — | — | (1,138 | ) | ||||||||||||||
| Net income attributable to lululemon athletica inc. | $ | 270,556 | $ | 184,063 | $ | 121,847 | $ | 58,281 | $ | 39,363 | ||||||||||
| Basic earnings (loss) per share | ||||||||||||||||||||
| Continuing operations | $ | 1.88 | $ | 1.29 | $ | 0.86 | $ | 0.41 | $ | 0.30 | ||||||||||
| Discontinued operations | — | — | — | — | (0.01 | ) | ||||||||||||||
| Net basic earnings per share | $ | 1.88 | $ | 1.29 | $ | 0.86 | $ | 0.41 | $ | 0.29 | ||||||||||
| Diluted earnings (loss) per share | ||||||||||||||||||||
| Continuing operations | $ | 1.85 | $ | 1.27 | $ | 0.85 | $ | 0.41 | $ | 0.29 | ||||||||||
| Discontinued operations | — | — | — | — | (0.01 | ) | ||||||||||||||
| Net diluted earnings per share | $ | 1.85 | $ | 1.27 | $ | 0.85 | $ | 0.41 | $ | 0.28 | ||||||||||
| Basic weighted-average number of shares outstanding | 144,000 | 143,196 | 141,720 | 140,502 | 137,422 | |||||||||||||||
| Diluted weighted-average number of shares outstanding | 145,806 | 145,278 | 143,858 | 141,898 | 141,884 | |||||||||||||||
| Other comprehensive income: | ||||||||||||||||||||
| Foreign currency translation adjustment | (459 | ) | 1,220 | 14,462 | 17,018 | (16,548 | ) | |||||||||||||
| Comprehensive income | $ | 270,097 | $ | 185,283 | $ | 136,309 | $ | 75,299 | $ | 22,815 | ||||||||||
| As of | ||||||||||||||||||||
| February 3, 2013 | January 29, 2012 | January 30, 2011 | January 31, 2010 | February 1, 2009 | ||||||||||||||||
| (In thousands) | ||||||||||||||||||||
| Consolidated balance sheet data: | ||||||||||||||||||||
| Cash and cash equivalents | $590,179 | $ | 409,437 | $ | 316,286 | $ | 159,573 | $ | 56,797 | |||||||||||
| Total assets | 1,051,078 | 734,634 | 499,302 | 307,258 | 211,636 | |||||||||||||||
| Total stockholders’ equity | 887,299 | 606,181 | 394,293 | 233,108 | 154,843 | |||||||||||||||
| Non-controlling interest | — | 4,805 | 3,904 | — | — |
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