Levi Strauss & Co (LEVI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1155 BATTERY ST
SAN FRANCISCO, CA 94111
State of Incorp. DE
Fiscal Year End November 30
Industry (SIC) 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

5/31/2024
MRQ
11/30/2023
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3995009021,5941,015713
Cash and cash equivalents3994308101,497934713
Short-term investments  71929781 
Receivables753697708540783534
Inventory, net of allowances, customer advances and progress billings1,2901,417898818884884
Inventory1,2901,417898818884884
Other undisclosed current assets196214203175188157
Total current assets:2,6382,8282,7103,1262,8702,288
Noncurrent Assets
Operating lease, right-of-use asset1,0349701,104989 
Property, plant and equipment681623503455530461
Intangible assets, net (including goodwill)571652678312279279
Goodwill304366387265236236
Intangible assets, net (excluding goodwill)268287291474343
Deferred income tax assets730625573  
Other noncurrent assets401340333262146117
Other undisclosed noncurrent assets    498408398
Total noncurrent assets:3,4163,2103,1902,5151,3621,255
TOTAL ASSETS:6,0546,0385,9005,6414,2323,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3521,5661,3901,0541,0361,020
Interest and dividends payable  56
Taxes payable14222415
Employee-related liabilities247275179223299
Accounts payable568657525375360351
Accrued liabilities784662576477423348
Debt1312618832
Restructuring reserve   1955  
Other undisclosed current liabilities423404455423123 
Total current liabilities:1,7881,9821,8701,5491,1671,052
Noncurrent Liabilities
Long-term debt and lease obligation 1,0099851,0211,5471,0071,020
Long-term debt, excluding current maturities 1,0099851,0211,5471,0071,020
Liabilities, other than long-term debt1,1081,0631,2381,158402396
Accounts payable and accrued liabilities 9138599698581010
Liability, pension and other postretirement and postemployment benefits 145149207229257270
Restructuring reserve   36  
Other liabilities 50555964134116
Operating lease, liability     
Other undisclosed noncurrent liabilities1021051068885108
Total noncurrent liabilities:2,2202,1532,3652,7931,4941,524
Total liabilities:4,0074,1344,2344,3422,6612,576
Temporary equity, carrying amount      299
Equity
Equity, attributable to parent, including:2,0462,3252,0601,2991,564660
Common stock000000
Additional paid in capital687626585626658 
Retained earnings1,7501,6991,4751,1141,3101,084
Other undisclosed equity, attributable to parent (391)  (441)(405)(425)
Equity, attributable to noncontrolling interest     87
Other undisclosed equity (422)(394)   
Total equity:2,0461,9041,6661,2991,572667
TOTAL LIABILITIES AND EQUITY:6,0546,0385,9005,6414,2323,543

Income Statement (P&L) ($ in millions)

5/31/2024
TTM
11/30/2023
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
Revenues6,1796,1695,7644,4535,7635,575
Revenue, net5,575
Cost of revenue
(Cost of Goods and Services Sold)
(2,663)(2,620)(2,417)(2,100)(2,662)(2,577)
Gross profit:3,5163,5493,3472,3533,1012,998
Operating expenses(3,162)(2,893) (2,348)(2,535)(2,461)
Other undisclosed operating loss  (9)(2,661)(90)  
Operating income (loss):353647686(85)567537
Nonoperating income (expense)(42)293(22)(10)49
Gain (loss), foreign currency transaction, before tax     (12)31
Other nonoperating income (expense)(42)293(22)218
Interest and debt expense(46)(26)(109)(82)(66)(55)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (13)(31)
Income (loss) from continuing operations before income taxes:265650580(190)478500
Income tax expense (benefit)(16)(81)(27)63(83)(215)
Income (loss) from continuing operations:250569554(127)395285
Income (loss) before gain (loss) on sale of properties:554(127)395285
Net income (loss):250569554(127)395285
Net loss attributable to noncontrolling interest     (0)(2)
Net income (loss) available to common stockholders, diluted:250569554(127)395283

Comprehensive Income ($ in millions)

5/31/2024
TTM
11/30/2023
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
Net income (loss):250569554(127)395285
Other comprehensive income (loss)31(24)471820(20)
Comprehensive income (loss):280545601(109)415265
Comprehensive loss, net of tax, attributable to noncontrolling interest     (1)(2)
Comprehensive income (loss), net of tax, attributable to parent:280545601(109)414263

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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