LEVI FY 2016 Earnings Report — Levi Strauss & Co. Revenue & Financial Results | Market Cap Arena

Levi Strauss & Co.LEVI

FY 2016 Earnings

Reported February 9, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$4.6B	—	$4.5B	—	1.3%
Op. Income	$462M	—	$431M	—	7.2%
Gross Margin	51.2%	—	50.5%	—	0.7pp
Net Margin	6.4%	—	4.7%	—	1.7pp
EPS (Diluted)	$0.76	—	$0.53	—	43.4%
Free Cash Flow	$204M	—	$114M	—	79.0%

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.9B
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$4.1B
OPERATING INCOME	$462M
Interest Income	$1M
Interest Expense	$73M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$407M
Income Tax Expense	$116M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$291M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$291M
D&A	$104M
EBIT	$480M
EBITDA	$584M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.9B
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$4.1B
OPERATING INCOME	$462M
Interest Income	$1M
Interest Expense	$73M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$407M
Income Tax Expense	$116M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$291M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$291M
D&A	$104M
EBIT	$480M
EBITDA	$584M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$291M
Depreciation & Amortization	$104M
Stock-Based Compensation	$9M
Deferred Income Tax	$66M
Other Non-Cash Items	-$5M
Change in Working Capital	-$159M
OPERATING CASH FLOW	$307M
Capital Expenditure	-$103M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$35M
NET CASH FROM INVESTING	-$68M
Net Debt Issuance	-$111M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$60M
Other Financing Activities	-$304.0K
NET CASH FROM FINANCING	-$174M
FREE CASH FLOW	$204M
Net Change in Cash	$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$376M
Short-Term Investments	$0
Net Receivables	$479M
Inventory	$716M
Other Current Assets	$115M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$394M
Goodwill	$234M
Intangible Assets	$43M
Long-Term Investments	$0
Tax Assets	$523M
Other Non-Current Assets	$107M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$3.0B
Account Payables	$270M
Short-Term Debt	$39M
Deferred Revenue	$0
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$762M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$613M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.4B
Common Stock	$375.0K
Additional Paid-In Capital	$1M
Retained Earnings	-$427M
Treasury Stock	$0
Accum. Other Comp. Income	$935M
Other Equity	$79M
TOTAL STOCKHOLDERS' EQUITY	$589M
Minority Interest	$2M
TOTAL EQUITY	$591M
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$1.1B
Net Debt	$685M