A$.$ Forecast adjusted financial statements. $($Forecasted statements can be set in smaller font to fit.$)$ Compute multi$-$year forecasts of annual financial statements $($min$.4-$ year forecast horizon plus $1$ year terminal period$).$ Teams often benefit from reviewing forecasts published by other analysts and from listening to conference calls where managers commonly provide their own forecast guidance for sales and other key accounts.

B$.$ Compute key valuation metrics for each forecasted annual financial statement: NOPAT, NOA, and FCFF$,$ which are used in subsequent valuation models.Appendix B Lululemon athletica inc. Consolidated Balance Sheets for the fiscal year ended January $28,2024$

lululemon athletica inc.

CONSOLIDATED BALANCE SHEETS

$($Amounts in thousands, except per share amounts$)$

January $28,2024$

January $29,2023$

ASSETS

Current assets

Cash and cash equivalents

$

$2,243,971$

$

$1,154,867$

Accounts receivable, net

$124,769$

$132,906$

Inventories

$1,323,602$

$1,447,367$

Prepaid and receivable income taxes

$183,733$

$185,641$

Prepaid expenses and other current assets

$184,502$

$238,672$

$4,060,577$

$3,159,453$

Property and equipment, net

$1,545,811$

$1,269,614$

Right$-$of$-$use lease assets

$1,265,610$

$969,419$

Goodwill

$24,083$

$24,144$

Intangible assets, net

$$

$21,961$

Deferred income tax assets

$9,176$

$6,402$

Other non$-$current assets

$186,684$

$156,045$

$

$7,091,941$

$

$5,607,038$

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Accounts payable

$

$348,441$

$

$172,732$

Accrued liabilities and other

$348,555$

$399,223$

Accrued compensation and related expenses

$326,110$

$248,167$

Current lease liabilities

$249,270$

$207,972$

Current income taxes payable

$12,098$

$174,221$

Unredeemed gift card liability

$306,479$

$251,478$

Other current liabilities

$40,308$

$38,405$

$1,631,261$

$1,492,198$

Non$-$current lease liabilities

$1,154,012$

$862,362$

Non$-$current income taxes payable

$15,864$

$28,555$

Deferred income tax liabilities

$29,522$

$55,084$

Other non$-$current liabilities

$29,201$

$20,040$

$2,859,860$

$2,458,239$

Commitments and contingencies

Stockholders' equity

Undesignated preferred stock, $$0\mathrm{.}01$ par value: $5,000$ shares authorized; none issued and outstanding

$$

$$

Exchangeable stock, no par value: $60,000$ shares authorized; $5,116$ and $5,116$ issued and outstanding

$$

$$

Special voting stock, $$0\mathrm{.}000005$ par value: $60,000$ shares authorized; $5,116$ and $5,116$ issued and outstanding

$$

$$

Common stock, $$0\mathrm{.}005$ par value: $400,000$ shares authorized; $121,106$ and $122,205$ issued and outstanding

$606$

$611$

Additional paid$-$in capital

$575,369$

$474,645$

Retained earnings

$3,920,362$

$2,926,127$

Accumulated other comprehensive loss

$(264,256)$

$(252,584)$

$4,232,081$

$3,148,799$

$

$7,091,941$

$

$5,607,038$