LEVI FY 2013 Earnings Report — Levi Strauss & Co. Revenue & Financial Results | Market Cap Arena

Levi Strauss & Co.LEVI

FY 2013 Earnings

Reported February 11, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$4.7B	—	$4.6B	—	1.6%
Op. Income	$466M	—	$353M	—	32.0%
Gross Margin	50.2%	—	47.7%	—	2.5pp
Net Margin	4.9%	—	3.1%	—	1.8pp
EPS (Diluted)	$0.61	—	$0.38	—	60.5%
Free Cash Flow	$319M	—	$447M	—	-28.5%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.3B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$993M
General & Administrative	$400M
SG&A Expenses	$1.9B
Other Expenses	$700.0K
Operating Expenses	$1.9B
Cost & Expenses	$4.2B
OPERATING INCOME	$466M
Interest Income	$0
Interest Expense	$129M
Other Income/Expenses	-$143M
INCOME BEFORE TAX	$323M
Income Tax Expense	$94M
Net Income from Continuing Ops	$228M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$229M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$229M
D&A	$116M
EBIT	$466M
EBITDA	$581M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.3B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$993M
General & Administrative	$400M
SG&A Expenses	$1.9B
Other Expenses	$700.0K
Operating Expenses	$1.9B
Cost & Expenses	$4.2B
OPERATING INCOME	$466M
Interest Income	$0
Interest Expense	$129M
Other Income/Expenses	-$143M
INCOME BEFORE TAX	$323M
Income Tax Expense	$94M
Net Income from Continuing Ops	$228M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$229M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$229M
D&A	$116M
EBIT	$466M
EBITDA	$581M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$229M
Depreciation & Amortization	$116M
Stock-Based Compensation	$19M
Deferred Income Tax	$38M
Other Non-Cash Items	$46M
Change in Working Capital	$1M
OPERATING CASH FLOW	$411M
Capital Expenditure	-$92M
Acquisitions (Net)	-$400.0K
Purchases of Investments	-$6M
Sales/Maturities of Investments	$0
Other Investing Activities	-$627.0K
NET CASH FROM INVESTING	-$93M
Net Debt Issuance	-$187M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$25M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$231M
FREE CASH FLOW	$319M
Net Change in Cash	$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$489M
Short-Term Investments	$0
Net Receivables	$447M
Inventory	$604M
Other Current Assets	$300M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$440M
Goodwill	$241M
Intangible Assets	$49M
Long-Term Investments	-$188M
Tax Assets	$188M
Other Non-Current Assets	$557M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$3.1B
Account Payables	$255M
Short-Term Debt	$42M
Deferred Revenue	$0
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$785M
Long-Term Debt	$1.5B
Deferred Revenue NC	-$1.2B
Deferred Tax Liabilities	$31M
Other Non-Current Liabilities	$653M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$3.0B
Common Stock	$374.0K
Additional Paid-In Capital	$7M
Retained Earnings	$476M
Treasury Stock	$0
Accum. Other Comp. Income	-$312M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$172M
Minority Interest	$3M
TOTAL EQUITY	$175M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.6B
Net Debt	$1.1B