LEVI FY 2021 Earnings Report — Levi Strauss & Co. Revenue & Financial Results | Market Cap Arena

Levi Strauss & Co.LEVI

FY 2021 Earnings

Reported January 26, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$5.8B	—	$4.5B	—	29.4%
Op. Income	$686M	—	-$85M	—	906.2%
Gross Margin	58.1%	—	52.8%	—	5.2pp
Net Margin	9.6%	—	-2.9%	—	12.5pp
EPS (Diluted)	$1.35	—	$-0.32	—	521.9%
Free Cash Flow	$570M	—	$339M	—	68.2%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$1.6B
General & Administrative	$1.1B
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$5.1B
OPERATING INCOME	$686M
Interest Income	$3M
Interest Expense	$73M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$580M
Income Tax Expense	$27M
Net Income from Continuing Ops	$554M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$554M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$554M
D&A	$143M
EBIT	$653M
EBITDA	$796M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$1.6B
General & Administrative	$1.1B
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$5.1B
OPERATING INCOME	$686M
Interest Income	$3M
Interest Expense	$73M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$580M
Income Tax Expense	$27M
Net Income from Continuing Ops	$554M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$554M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$554M
D&A	$143M
EBIT	$653M
EBITDA	$796M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$554M
Depreciation & Amortization	$143M
Stock-Based Compensation	$60M
Deferred Income Tax	-$88M
Other Non-Cash Items	$92M
Change in Working Capital	-$24M
OPERATING CASH FLOW	$737M
Capital Expenditure	-$167M
Acquisitions (Net)	-$391M
Purchases of Investments	-$141M
Sales/Maturities of Investments	$127M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$572M
Net Debt Issuance	-$534M
Common Stock Repurchased	-$86M
Common Dividends Paid	-$104M
Other Financing Activities	-$117M
NET CASH FROM FINANCING	-$841M
FREE CASH FLOW	$570M
Net Change in Cash	-$687M

Balance Sheet

Item	Amount
Cash & Equivalents	$810M
Short-Term Investments	$92M
Net Receivables	$708M
Inventory	$898M
Other Current Assets	$203M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$1.6B
Goodwill	$387M
Intangible Assets	$291M
Long-Term Investments	$0
Tax Assets	$573M
Other Non-Current Assets	$333M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$5.9B
Account Payables	$525M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$375M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$4.2B
Common Stock	$400.0K
Additional Paid-In Capital	$585M
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$394M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$5.9B
Total Debt	$2.2B
Net Debt	$1.4B