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Created by EDGAR Online, Inc.

LULULEMON ATHLETICA INC.


BALANCE_SHEET
Form Type: 10-K
Period End: Jan 29, 2012
Date Filed: Mar 22, 2012
In thousands
January 29,
2012
Current assets
Cash and cash equivalents
Accounts receivable
Inventories
Prepaid expenses and other current assets

409,437
5,202
104,097
8,357

January 30,
2011
$

527,093
162,941
31,872
8,587
4,141

Property and equipment, net


Goodwill and intangible assets, net
Deferred income taxes
Other non-current assets

316,286
9,116
57,469
6,408
389,279
70,954
27,112
7,894
4,063

734,634

499,302

LIABILITIES AND STOCKHOLDERS' EQUITY


Current liabilities
Accounts payable
$
Accrued liabilities
Accrued compensation and related expenses

14,536
34,535
22,875

6,659
25,266
16,872

Income taxes payable


Unredeemed gift card liability

8,720
22,773

18,399
18,168

103,439
25,014

85,364
19,645

128,453

105,009

Other non-current liabilities

Stockholders' equity
Undesignated preferred stock, $0.01 par value,
5,000 shares authorized, none issued and outstanding
Exchangeable stock, no par value, 60,000 shares
authorized, issued and outstanding 33,412 and 35,636
Special voting stock, $0.000005 par value,
60,000 shares authorized, issued and outstanding
33,412 and 35,636
Common stock, $0.005 par value, 400,000 shares

authorized, issued and outstanding 110,135 and 106,756 551


Additional paid-in capital
205,557
Retained earnings
373,719
Accumulated other comprehensive income
21,549

534
179,870
189,656
20,329

601,376

390,389

4,805

3,904

Non-controlling interest
$

734,634

499,302

January 31,
2010
$

159,573
8,238
44,070
4,529
216,410
61,591
8,050
15,102
6,105

307,258

11,028
17,583
10,626
7,742
11,699
58,678
15,472
74,150

511
158,921
67,809
5,867
233,108
$

307,258

Created by EDGAR Online, Inc.


LULULEMON ATHLETICA INC.
INCOME_STATEMENT
Form Type: 10-K
Period End: Jan 29, 2012
Date Filed: Mar 22, 2012

January 29,

Consolidated statements of operations:


Net revenue
Cost of goods sold

Fiscal Year Ended


January 30,
2012
2011
(In thousands)
1,000,839
431,569

711,704
316,757

Gross profit

569,270

394,947

Operating expenses:
Selling, general and administrative
expenses
Provision for impairment and lease exit
costs

282,312

212,784

Income from operations


Other income (expense), net

286,958
2,500

180,391
2,886

Income before provision for income taxes


Provision for income taxes

289,458
104,494

183,277
61,080

Net income
Net income attributable to
non-controlling interest

184,964

122,197

901

350

Net income attributable to lululemon


athletica inc.

184,063

1,772

121,847

January 31,
2010

452,898
229,812
223,086

136,161
379
86,546
164
86,710
28,429
58,281
-

58,281

Created by EDGAR Online, Inc.


NIKE INC
BALANCE_SHEET
Form Type: 10-K
Period End: May 31, 2011 and May 31, 2010
Date Filed: Jul 22, 2011 and July 20, 2010
ASSETS
Current assets:
Cash and equivalents
Short-term investments (Note 6)
Accounts receivable, net (Note 1)
Inventories (Notes 1 and 2)
Deferred income taxes (Note 9)
Prepaid expenses and other current assets

2011
$

Total current assets


Property, plant and equipment, net (Note 3)
Identifiable intangible assets, net (Note 4)
Goodwill (Note 4)
Deferred income taxes and other assets (Notes 9 and 17)
Total assets

1,955
2,583
3,138
2,715
312
594

2010
$

11,297
2,115
487
205
894

3,079
2,067
2,650
2,041
249
873

$
$
$
$
$
$

2,291
1,164
2,884
2,357
272
766

10,959
1,932
467
188
873

$
$
$
$
$

9,734
1,958
467
194
897

14,419

13,250

14,998

200
187
1,469
1,985
117

$7
139
1,255
1,904
59

$
$
$
$
$

32
343
1,032
1,784
86

Total current liabilities


Long-term debt (Note 8)
Deferred income taxes and other liabilities (Notes 9 and 17)
Commitments and contingencies (Note 15)
Redeemable Preferred Stock (Note 10)
Shareholders' equity:
Common stock at stated value (Note 11):
Class A convertible - 90 and 90 shares outstanding
Class B - 378 and 394 shares outstanding
Capital in excess of stated value
Accumulated other comprehensive income (Note 14)
Retained earnings

3,958
276
921
-

3,364
446
855
-

$
$
$
$
$

3,277
437
842
0

3
3,944
95
5,801

3
3,441
215
6,095

$
$
$
$
$

0
3
2,871
368
5,451

Total shareholders' equity

9,843

9,754

8,693

14,419

13,250

LIABILITIES AND SHAREHOLDERS' EQUITY


Current liabilities:
Current portion of long-term debt (Note 8)
Notes payable (Note 7)
Accounts payable (Note 7)
Accrued liabilities (Notes 5 and 17)
Income taxes payable (Note 9)

Total liabilities and shareholders' equity

14,998

2009

Created by EDGAR Online, Inc.


NIKE INC
INCOME_STATEMENT
Form Type: 10-K
Period End: May 31, 2011
Date Filed: Jul 22, 2011
NIKE, INC.
CONSOLIDATED STATEMENTS OF INCOME

Revenues
Cost of sales

Year Ended May 31,


2011
2010
(In millions, except per share data)
20,862 $
19,014 $
11,354
10,214

2009
19,176
10,572

Gross margin
Demand creation expense
Operating overhead expense

9,508
2,448
4,245

8,800
2,356
3,970

8,604
2,352
3,798

Total selling and administrative expense


Restructuring charges (Note 16)
Goodwill impairment (Note 4)
Intangible and other asset impairment (Note 4)
Interest expense (income), net (Notes 6, 7 and 8)
Other (income), net (Note 17)

6,693
4
(33)

6,326
6
(49)

6,150
195
199
202
(10)
(89)

Income before income taxes


Income taxes (Note 9)

2,844
711

2,517
610

1,957
470

Net income

2,133

1,907

1,487

Basic earnings per common share (Notes 1 $


and 12)

4.48

3.93

3.07

Diluted earnings per common share (Notes $


1 and 12)

4.39

3.86

3.03

Dividends declared per common share

1.20

1.06

0.98

Created by EDGAR Online, Inc.


UNDER ARMOUR, INC.
BALANCE_SHEET
Form Type: 10-K
Period End: Dec 31, 2011
Date Filed: Feb 27, 2012
Under Armour, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except share data)

December 31, December 31,


2011
Assets
Current assets
Cash and cash equivalents
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Deferred income taxes

Total current assets


Property and equipment, net
Intangible assets, net
Deferred income taxes
Other long term assets
Total assets
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
Accrued expenses
Current maturities of long term debt
Other current liabilities

175,384
134,043
324,409
39,643
16,184

689,663
159,135
5,535
15,885
48,992

2010

203,870
102,034
215,355
19,326
15,265
555,850
76,127
3,914
21,275
18,212

919,210

675,378

100,527
69,285
6,882
6,913

84,679
55,138
6,865
2,465

Total current liabilities


Long term debt, net of current maturities
Other long term liabilities

183,607
70,842
28,329

149,147
9,077
20,188

Total liabilities

282,778

178,412

Commitments and contingencies (see Note 8)


Stockholders' equity
Class A Common Stock, $.0003 1/3 par value;
100,000,000 shares authorized as of December 31,
2011 and 2010; 40,496,126 shares issued and
outstanding as of December 31, 2011 and 38,660,355
shares issued and outstanding as of December 31,
2010.
Class B Convertible Common Stock, $.0003 1/3 par
value; 11,250,000 shares authorized, issued and
outstanding as of December 31, 2011, 12,500,000
shares authorized, issued and outstanding as of
December 31, 2010.
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income

13

13

4
268,223
366,164
2,028

4
224,887
270,021
2,041

Total stockholders' equity

636,432

496,966

Total liabilities and stockholders' equity

919,210

675,378

December 31,
2009

187,297
79,356
148,488
19,989
12,870
448,000
72,926
5,681
13,908
5,073

545,588

68,710
40,885
9,178
97
1,292
120,162
10,948
14,481
145,591

13

4
197,342
202,188
(14)
464
399,997
$

545,588

Created by EDGAR Online, Inc.


UNDER ARMOUR, INC.
INCOME_STATEMENT
Form Type: 10-K
Period End: Dec 31, 2011
Date Filed: Feb 27, 2012
Under Armour, Inc. and Subsidiaries
Consolidated Statements of Income
(In thousands, except per share amounts)

Net revenues
Cost of goods sold

Year Ended December 31,


2011
2010
1,472,684 $
1,063,927 $
759,848
533,420

2009
856,411
446,286

Gross profit
Selling, general and
administrative expenses

712,836
550,069

530,507
418,152

Income from operations


Interest expense, net
Other expense, net

162,767
(3,841)
(2,064)

112,355
(2,258)
(1,178)

85,273
(2,344)
(511)

Income before income taxes


Provision for income taxes

156,862
59,943

108,919
40,442

82,418
35,633

Net income

Net income available per common share


Basic
$
Diluted
$

410,125
324,852

96,919

68,477

46,785

1.88
1.85

$
$

1.35
1.34

$
$

0.94
0.92

Weighted average common shares outstanding


Basic
51,570
Diluted
52,526

50,798
51,282

49,848
50,650

2011
Current Ratio
Quick Ratio
Recievable Turnovers

2.85
$ 2.17 $

Nike
2010
3.26
2.65 $

2009
2.97
2.25

2011

Under Armour
2010

2009

3.76

3.73

3.73

1.29

1.91

2.06

6.65

7.18

6.65

10.99

10.43

10.79

54.90

50.87

54.89

33.22

35.00

33.82

4.18

5.00

4.49

2.34

2.48

3.01

Inventory Days

87.28

72.94

81.38

155.83

147.36

121.44

Acc. Payable Turnover

14.20

15.15

18.58

14.65

12.56

12.46

Acc. Payable Days

25.70

24.09

19.64

24.92

29.05

29.28

Cycle Cash

116.48

99.71

116.63

164.14

153.31

125.98

Profit Margin

10.20%

10.00%

7.90%

6.60%

6.40%

5.50%

1.39

1.32

1.45

1.6

1.58

1.57

14.22

13.23

11.22

10.54

10.14

8.58

Leverage

1.52

1.47

1.46

1.4

1.3

1.3

Return on Equity

21.7

19.5

17.1

15.2

13.8

11.7

Debt/Equity

0.05

0.05

0.05

0.12

0.03

0.05

Recievable Days
Inventory Turnovers

Gross Margin
SGA/Revenues
Asset Turnover
Return on Assets

2011
$

NA

Lululemon
2010

5.72 $

2009

4.75 $

4.14

4.91

4.21

3.55

192.40

78.07

54.98

1.90

4.68

6.64

4.15

5.51

5.21

87.95

66.24

70.06

68.85

106.88

41.07

5.30

3.42

8.89

34.56

30.73

33.27

18.48%

17.10%

12.87%

1.36

1.43

1.47

25.18

24.47

18.97

1.22

1.27

1.31

30.6

31.2

25

NA

Nike has greater leverage, so they have more debt

NA

GROSS MARGIN-SGA/EXP

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