LEVI FY 2010 Earnings Report — Levi Strauss & Co. Revenue & Financial Results | Market Cap Arena

Levi Strauss & Co.LEVI

FY 2010 Earnings

Reported February 8, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$4.4B	—	$4.1B	—	7.4%
Op. Income	$378M	—	$340M	—	11.4%
Gross Margin	50.4%	—	48.1%	—	2.3pp
Net Margin	3.5%	—	3.7%	—	-0.1pp
EPS (Diluted)	$4.20	—	$4.07	—	3.2%
Free Cash Flow	-$8M	—	$306M	—	-102.7%

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$17M
Operating Expenses	$1.9B
Cost & Expenses	$4.0B
OPERATING INCOME	$378M
Interest Income	$0
Interest Expense	$136M
Other Income/Expenses	-$136M
INCOME BEFORE TAX	$243M
Income Tax Expense	$86M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$0
Other Adjustments	$7M
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$105M
EBIT	$371M
EBITDA	$476M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$17M
Operating Expenses	$1.9B
Cost & Expenses	$4.0B
OPERATING INCOME	$378M
Interest Income	$0
Interest Expense	$136M
Other Income/Expenses	-$136M
INCOME BEFORE TAX	$243M
Income Tax Expense	$86M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$0
Other Adjustments	$7M
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$105M
EBIT	$371M
EBITDA	$476M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$157M
Depreciation & Amortization	$105M
Stock-Based Compensation	$0
Deferred Income Tax	$31M
Other Non-Cash Items	-$265M
Change in Working Capital	$113M
OPERATING CASH FLOW	$146M
Capital Expenditure	-$155M
Acquisitions (Net)	-$12M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$15M
NET CASH FROM INVESTING	-$182M
Net Debt Issuance	$53M
Common Stock Repurchased	-$78.0K
Common Dividends Paid	-$20M
Other Financing Activities	-$713.0K
NET CASH FROM FINANCING	$32M
FREE CASH FLOW	-$8M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$270M
Short-Term Investments	$0
Net Receivables	$553M
Inventory	$580M
Other Current Assets	$248M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$489M
Goodwill	$242M
Intangible Assets	$85M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$669M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.1B
Account Payables	$213M
Short-Term Debt	$46M
Deferred Revenue	$0
Other Current Liabilities	$500M
TOTAL CURRENT LIABILITIES	$760M
Long-Term Debt	$1.8B
Deferred Revenue NC	-$2.1B
Deferred Tax Liabilities	$559M
Other Non-Current Liabilities	$196M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.3B
Common Stock	$400.0K
Additional Paid-In Capital	$0
Retained Earnings	$33M
Treasury Stock	$0
Accum. Other Comp. Income	-$272M
Other Equity	$52M
TOTAL STOCKHOLDERS' EQUITY	-$211M
Minority Interest	$0
TOTAL EQUITY	-$211M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.9B
Net Debt	$1.6B