LEVI FY 2009 Earnings Report — Levi Strauss & Co. Revenue & Financial Results | Market Cap Arena

Levi Strauss & Co.LEVI

FY 2009 Earnings

Reported February 9, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$4.1B	—	$4.4B	—	-6.7%
Op. Income	$340M	—	$214M	—	58.7%
Gross Margin	48.1%	—	48.6%	—	-0.6pp
Net Margin	3.7%	—	5.2%	—	-1.5pp
EPS (Diluted)	$4.07	—	$6.15	—	-33.8%
Free Cash Flow	$306M	—	$144M	—	111.7%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.1B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$5M
Operating Expenses	$1.6B
Cost & Expenses	$3.7B
OPERATING INCOME	$340M
Interest Income	$0
Interest Expense	$149M
Other Income/Expenses	-$188M
INCOME BEFORE TAX	$191M
Income Tax Expense	$39M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$152M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$152M
D&A	$85M
EBIT	$339M
EBITDA	$423M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.1B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$5M
Operating Expenses	$1.6B
Cost & Expenses	$3.7B
OPERATING INCOME	$340M
Interest Income	$0
Interest Expense	$149M
Other Income/Expenses	-$188M
INCOME BEFORE TAX	$191M
Income Tax Expense	$39M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$152M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$152M
D&A	$85M
EBIT	$339M
EBITDA	$423M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$152M
Depreciation & Amortization	$85M
Stock-Based Compensation	$7M
Deferred Income Tax	-$5M
Other Non-Cash Items	$84M
Change in Working Capital	$65M
OPERATING CASH FLOW	$389M
Capital Expenditure	-$83M
Acquisitions (Net)	-$100M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$50M
NET CASH FROM INVESTING	-$233M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	-$134M
NET CASH FROM FINANCING	-$97M
FREE CASH FLOW	$306M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$271M
Short-Term Investments	$0
Net Receivables	$552M
Inventory	$451M
Other Current Assets	$232M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$430M
Goodwill	$242M
Intangible Assets	$103M
Long-Term Investments	-$136M
Tax Assets	$136M
Other Non-Current Assets	$708M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.0B
Account Payables	$198M
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$510M
TOTAL CURRENT LIABILITIES	$727M
Long-Term Debt	$1.8B
Deferred Revenue NC	-$2.2B
Deferred Tax Liabilities	$602M
Other Non-Current Liabilities	$135M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.3B
Common Stock	$400.0K
Additional Paid-In Capital	$0
Retained Earnings	-$123M
Treasury Stock	$0
Accum. Other Comp. Income	-$250M
Other Equity	$40M
TOTAL STOCKHOLDERS' EQUITY	-$331M
Minority Interest	$0
TOTAL EQUITY	-$331M
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$1.9B
Net Debt	$1.6B