LEVI FY 2008 Earnings Report — Levi Strauss & Co. Revenue & Financial Results | Market Cap Arena

Levi Strauss & Co.LEVI

FY 2008 Earnings

Reported April 21, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$4.4B	—	$4.4B	—	0.9%
Op. Income	$214M	—	$793M	—	-73.0%
Gross Margin	48.6%	—	46.8%	—	1.8pp
Net Margin	5.2%	—	10.6%	—	-5.3pp
EPS (Diluted)	$6.15	—	$12.34	—	-50.2%
Free Cash Flow	$144M	—	$210M	—	-31.1%

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.3B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$10M
Operating Expenses	$1.6B
Cost & Expenses	$3.9B
OPERATING INCOME	$214M
Interest Income	$0
Interest Expense	-$154M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$368M
Income Tax Expense	$139M
Net Income from Continuing Ops	$230M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$229M
Net Income Deductions	$31.0K
BOTTOM LINE NET INCOME	$229M
D&A	$78M
EBIT	$523M
EBITDA	$525M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.3B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$10M
Operating Expenses	$1.6B
Cost & Expenses	$3.9B
OPERATING INCOME	$214M
Interest Income	$0
Interest Expense	-$154M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$368M
Income Tax Expense	$139M
Net Income from Continuing Ops	$230M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$229M
Net Income Deductions	$31.0K
BOTTOM LINE NET INCOME	$229M
D&A	$78M
EBIT	$523M
EBITDA	$525M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$229M
Depreciation & Amortization	$78M
Stock-Based Compensation	$7M
Deferred Income Tax	$76M
Other Non-Cash Items	-$232M
Change in Working Capital	$67M
OPERATING CASH FLOW	$225M
Capital Expenditure	-$80M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$55M
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	-$134M
NET CASH FROM FINANCING	-$136M
FREE CASH FLOW	$144M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$211M
Short-Term Investments	$0
Net Receivables	$546M
Inventory	$543M
Other Current Assets	$203M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$412M
Goodwill	$205M
Intangible Assets	$43M
Long-Term Investments	-$114M
Tax Assets	$114M
Other Non-Current Assets	$612M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.8B
Account Payables	$203M
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$568M
TOTAL CURRENT LIABILITIES	$792M
Long-Term Debt	$1.8B
Deferred Revenue NC	-$2.1B
Deferred Tax Liabilities	$526M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.1B
Common Stock	$400.0K
Additional Paid-In Capital	$0
Retained Earnings	-$275M
Treasury Stock	$0
Accum. Other Comp. Income	-$128M
Other Equity	$53M
TOTAL STOCKHOLDERS' EQUITY	-$349M
Minority Interest	$0
TOTAL EQUITY	-$349M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$1.8B
Net Debt	$1.6B