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
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5941,015713634376319298
Cash and cash equivalents1,497934713634376319298
Short-term investments9781     
Receivables540783534485479498482
Inventory, net of allowances, customer advances and progress billings818884884759716607601
Inventory818884884759716607601
Other undisclosed current assets175188157116115105277
Total current assets:3,1262,8702,2881,9941,6861,5281,659
Noncurrent Assets
Operating lease, right-of-use asset989 
Property, plant and equipment455530461424394391392
Intangible assets, net (including goodwill)312279279280277278285
Goodwill265236236237234235239
Intangible assets, net (excluding goodwill)47434343434346
Other noncurrent assets262146117118107106100
Other undisclosed noncurrent assets498408398538523581488
Total noncurrent assets:2,5151,3621,2551,3601,3011,3561,266
TOTAL ASSETS:5,6414,2323,5433,3552,9872,8842,924
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0541,0361,020838718678423
Accounts payable375360351290270238235
Accrued liabilities477423348299252246 
Employee-related liabilities179223299227181182178
Taxes payable222415161079
Interest and dividends payable 56656 
Debt188323839148132
Restructuring reserve55  1520 
Other undisclosed current liabilities423123    327
Total current liabilities:1,5491,1671,052878762846881
Noncurrent Liabilities
Long-term debt and lease obligation1,5471,0071,0201,0551,0221,0171,104
Long-term debt, excluding current maturities1,5471,0071,0201,0391,0061,0051,092
Capital lease obligations 17151212
Liabilities, other than long-term debt1,158402396501539549632
Pension and other postretirement defined benefit plans, liabilities529
Accounts payable and accrued liabilities8581010202026 
Accrued income taxes36
Liability, pension and other postretirement and postemployment benefits229257270404455464 
Restructuring reserve6    26
Other liabilities6413411677645762
Other undisclosed noncurrent liabilities888510891737275
Total noncurrent liabilities:2,7931,4941,5241,6481,6341,6381,811
Total liabilities:4,3422,6612,5762,5252,3962,4842,692
Temporary equity, carrying amount  299127796978
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2991,564660697510330153
Common stock0000000
Additional paid in capital626658  13 
Retained earnings1,1141,3101,0841,101935706528
Other undisclosed stockholders' equity attributable to parent(441)(405)(425)(404)(427)(379)(375)
Stockholders' equity attributable to noncontrolling interest 875221
Total stockholders' equity:1,2991,572667702512332154
TOTAL LIABILITIES AND EQUITY:5,6414,2323,5433,3552,9872,8842,924

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

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues4,4535,7635,5754,9044,5534,4944,754
Revenue, net5,5754,9044,5534,4944,754
Cost of revenue
(Cost of Goods and Services Sold)
(2,100)(2,662)(2,577)(2,341)(2,224)(2,226)(2,406)
Gross profit:2,3533,1012,9982,5632,3292,2692,348
Operating expenses(2,348)(2,535)(2,461)(2,096)(1,867)(1,838)(2,048)
Other undisclosed operating income (loss)(90)     14
Operating income (loss):(85)567537467462431314
Nonoperating income (expense)(22)(10)49(52)24(25)(21)
Foreign currency transaction gain (loss), before tax (12)31(25)60 
Other nonoperating income (expense)(22)218(27)18(25)(22)
Interest and debt expense(82)(66)(55)(91)(73)(95)(138)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (13)(31)25(6)(0)(1)
Income (loss) from continuing operations before income taxes:(190)478500349407310154
Income tax expense (benefit)63(83)(215)(64)(116)(101)(50)
Net income (loss):(127)395285285291210104
Net income (loss) attributable to noncontrolling interest (0)(2)(3)(0)(0)2
Net income (loss) available to common stockholders, diluted:(127)395283281291209106

Comprehensive Income ($ in millions)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income (loss):(127)395285285291210104
Other comprehensive income (loss)1820(20)23(48)(4)(64)
Comprehensive income (loss):(109)41526530824320641
Comprehensive loss, net of tax, attributable to noncontrolling interest (1)(2)(3)(1)(0)(2)
Other undisclosed comprehensive income, net of tax, attributable to parent      4
Comprehensive income (loss), net of tax, attributable to parent:(109)41426330424320643

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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