Levi Strauss & Co (LEVI) financial statements (2021 and earlier)

Company profile

Business Address 1155 BATTERY ST
SAN FRANCISCO, CA 94111
State of Incorp. DE
Fiscal Year End November 30
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)

11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5941,4251,5249581,015944941
Cash and cash equivalents1,4971,3531,448874934864861
Short-term investments97727684818080
Receivables540543334710783722574
Inventory, net of allowances, customer advances and progress billings818944986855884936895
Inventory818944986855884936895
Other undisclosed current assets175169208223188212197
Total current assets:3,1263,0823,0522,7452,8702,8142,607
Noncurrent Assets
Operating lease, right-of-use asset9899859751,026   
Property, plant and equipment455448446461530499481
Intangible assets, net (including goodwill)312312309310279278278
Goodwill265264259260236236236
Intangible assets, net (excluding goodwill)47495051434343
Deferred income tax assets 501504416   
Other noncurrent assets262219201156146135129
Other undisclosed noncurrent assets498   408413415
Total noncurrent assets:2,5152,4652,4362,3701,3621,3251,302
TOTAL ASSETS:5,6415,5475,4885,1154,2324,1393,909
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0541,1028438741,0361,033980
Accounts payable375462284304360358339
Accrued liabilities477424389334423417435
Employee-related liabilities179163138186223194165
Taxes payable22302533244735
Interest and dividends payable 247165166
Debt182452623282811
Restructuring reserve555851    
Other undisclosed current liabilities423390173186123125116
Total current liabilities:1,5491,5741,5921,2921,1671,1861,108
Noncurrent Liabilities
Long-term debt and lease obligation1,5478528408501,007  
Long-term debt, excluding current maturities1,547   1,007  
Operating lease, liability 852840850   
Liabilities, other than long-term debt1,158296316289402397390
Accounts payable and accrued liabilities85871011101211
Liability, pension and other postretirement and postemployment benefits229233236242257257261
Restructuring reserve6415    
Other liabilities64525637134129118
Other undisclosed noncurrent liabilities881,6341,5741,089851,0871,091
Total noncurrent liabilities:2,7932,7822,7302,2291,4941,4851,480
Total liabilities:4,3424,3564,3233,5202,6612,6712,588
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2991,1911,1651,5951,5641,4611,314
Common stock0000000
Additional paid in capital626621612602658648630
Accumulated other comprehensive loss (416)(454)(432) (375)(373)
Retained earnings1,1141,0571,0311,4451,3101,2191,095
Other undisclosed stockholders' equity attributable to parent(441)(72)(23)(21)(405)(31)(38)
Stockholders' equity attributable to noncontrolling interest    888
Total stockholders' equity:1,2991,1911,1651,5951,5721,4681,321
TOTAL LIABILITIES AND EQUITY:5,6415,5475,4885,1154,2324,1393,909

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

11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
Revenues1,3861,0634981,5061,5691,4471,313
Cost of revenue
(Cost of Goods and Services Sold)
(619)(486)(328)(667)(717)(680)(613)
Gross profit:767577170839851767700
Operating expenses(584)(485)(618)(661)(720)(596)(638)
Other undisclosed operating loss(90)      
Operating income (loss):9292(448)17913217163
Nonoperating income (expense)(14)(12)13(7)(4)3
Foreign currency transaction loss, before tax    (12)  
Other nonoperating income (expense)(14)(12)135(4)3
Interest and debt expense(26)(28)(11)(17)(18)(15)(15)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (13)  
Income (loss) from continuing operations before equity method investments, income taxes:5252(458)1659315251
Other undisclosed income (loss) from continuing operations before income taxes    25 (25)
Income (loss) from continuing operations before income taxes:5252(458)16511815226
Income tax expense (benefit)5(25)95(12)(22)(27)2
Income (loss) before gain (loss) on sale of properties:5727(364)1539612429
Unusual or infrequent item, or both, net (gain) loss (11)     
Other undisclosed net income 11     
Net income (loss):5727(364)1539612429
Net income (loss) attributable to noncontrolling interest    (1)0(0)
Net income (loss) available to common stockholders, diluted:5727(364)1539512528

Comprehensive Income ($ in millions)

11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
Net income (loss):5727(364)1539612429
Other comprehensive income (loss)46(10)(25)7155
Comprehensive income (loss):10317(389)1599712934
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (0)0(0)
Comprehensive income (loss), net of tax, attributable to parent:10317(389)1599712933

Statements sources

The financial statements are based on the company's filings with the 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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