lululemon athletica inc.

“external financing sources to the extent we were unable to fund such expenditures out of our cash and cash equivalents and cash generated from operations.”

“Working capital is calculated as current assets of $4.3 billion less current liabilities of $1.9 billion.”

“Capital expenditures are expected to range between $725.0 million and $745.0 million in 2026.”

“Our existing Americas credit facility provides for $600.0 million in commitments under an unsecured five-year revolving credit facility. The credit facility has a maturity date of October 15, 2030. As of February 1, 2026, no borrowings were outstanding under this facility other than letters of credit and guarantee of $6.4 million. Further information regarding our credit facilities and associated covenants is outlined in Note 13. Revolving Credit Facilities included in Item 8 of Part II of this report.”

“We lease certain store and other retail locations, distribution centers, offices, and equipment under non-cancelable operating leases. Our leases generally have initial terms of between two and 15 years, and generally can be extended in increments between two and five years, if at all. The following table details our future minimum lease payments. Minimum lease commitments exclude variable lease expenses including contingent rent payments, common area maintenance, property taxes, and landlord's insurance.”