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)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,015713634376319298489
Cash and cash equivalents934713634376319298489
Short-term investments81      
Receivables783534485479498482447
Inventory, net of allowances, customer advances and progress billings884884759716607601604
Inventory884884759716607601604
Other undisclosed current assets188157116115105277300
Total current assets:2,8702,2881,9941,6861,5281,6591,840
Noncurrent Assets
Property, plant and equipment530461424394391392440
Intangible assets, net (including goodwill)279279280277278285290
Goodwill236236237234235239241
Intangible assets, net (excluding goodwill)43434343434649
Other noncurrent assets146117118107106100109
Other undisclosed noncurrent assets408398538523581488449
Total noncurrent assets:1,3621,2551,3601,3011,3561,2661,288
TOTAL ASSETS:4,2323,5433,3552,9872,8842,9243,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0361,020838718678423476
Accounts payable360351290270238235255
Accrued liabilities423348299252246  
Employee-related liabilities223299227181182178210
Taxes payable241516107911
Interest and dividends payable56656  
Debt832383914813242
Restructuring reserve  1520 
Other undisclosed current liabilities123    327267
Total current liabilities:1,1671,052878762846881785
Noncurrent Liabilities
Long-term debt and lease obligation1,0071,0201,0551,0221,0171,1041,514
Long-term debt, excluding current maturities1,0071,0201,0391,0061,0051,0921,504
Capital lease obligations 1715121210
Liabilities, other than long-term debt402396501539549632541
Pension and other postretirement defined benefit plans, liabilities529449
Accounts payable and accrued liabilities1010202026  
Accrued income taxes3631
Liability, pension and other postretirement and postemployment benefits257270404455464 
Restructuring reserve    26 
Other liabilities1341167764576261
Other undisclosed noncurrent liabilities851089173727573
Total noncurrent liabilities:1,4941,5241,6481,6341,6381,8112,128
Total liabilities:2,6612,5762,5252,3962,4842,6922,914
Temporary equity, carrying amount 29912779697839
Stockholders' equity
Stockholders' equity attributable to parent, including:1,564660697510330153172
Common stock0000000
Additional paid in capital658  13 7
Retained earnings1,3101,0841,101935706528476
Other undisclosed stockholders' equity attributable to parent(405)(425)(404)(427)(379)(375)(312)
Stockholders' equity attributable to noncontrolling interest8752213
Total stockholders' equity:1,572667702512332154175
TOTAL LIABILITIES AND EQUITY:4,2323,5433,3552,9872,8842,9243,127

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

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Revenues5,7635,5754,9044,5534,4944,7544,682
Revenue, net5,5754,9044,5534,4944,7544,682
Cost of revenue
(Cost of Goods and Services Sold)
(2,662)(2,577)(2,341)(2,224)(2,226)(2,406)(2,331)
Gross profit:3,1012,9982,5632,3292,2692,3482,350
Operating expenses(2,535)(2,461)(2,096)(1,867)(1,838)(2,048)(1,907)
Other undisclosed operating income     1422
Operating income:567537467462431314466
Nonoperating income (expense)(10)49(52)24(25)(21)(10)
Investment income, nonoperating     13
Foreign currency transaction gain (loss), before tax(12)31(25)60  
Other nonoperating income (expense)218(27)18(25)(22)(13)
Interest and debt expense(66)(55)(91)(73)(95)(138)(130)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(13)(31)25(6)(0)(1)(3)
Income from continuing operations before income taxes:478500349407310154323
Income tax expense(83)(215)(64)(116)(101)(50)(94)
Net income:395285285291210104228
Net income (loss) attributable to noncontrolling interest(0)(2)(3)(0)(0)21
Net income available to common stockholders, diluted:395283281291209106229

Comprehensive Income ($ in millions)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Net income:395285285291210104228
Other comprehensive income (loss)20(20)23(48)(4)(64)102
Comprehensive income:41526530824320641330
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(2)(3)(1)(0)(2)(2)
Other undisclosed comprehensive income, net of tax, attributable to parent     44
Comprehensive income, net of tax, attributable to parent:41426330424320643332

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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