Levi Strauss & Co (LEVI) financial statements (2022 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)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9021,5941,015713634376319
Cash and cash equivalents8101,497934713634376319
Short-term investments929781    
Receivables708540783534485479498
Inventory, net of allowances, customer advances and progress billings898818884884759716607
Inventory898818884884759716607
Other undisclosed current assets203175188157116115105
Total current assets:2,7103,1262,8702,2881,9941,6861,528
Noncurrent Assets
Operating lease, right-of-use asset1,104989 
Property, plant and equipment503455530461424394391
Intangible assets, net (including goodwill)678312279279280277278
Goodwill387265236236237234235
Intangible assets, net (excluding goodwill)291474343434343
Deferred income tax assets573  
Other noncurrent assets333262146117118107106
Other undisclosed noncurrent assets 498408398538523581
Total noncurrent assets:3,1902,5151,3621,2551,3601,3011,356
TOTAL ASSETS:5,9005,6414,2323,5433,3552,9872,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3901,0541,0361,020838718678
Accounts payable525375360351290270238
Accrued liabilities576477423348299252246
Employee-related liabilities275179223299227181182
Taxes payable1422241516107
Interest and dividends payable  56656
Debt6188323839148
Restructuring reserve1955  1520
Other undisclosed current liabilities455423123    
Total current liabilities:1,8701,5491,1671,052878762846
Noncurrent Liabilities
Long-term debt and lease obligation1,0211,5471,0071,0201,0551,0221,017
Long-term debt, excluding current maturities1,0211,5471,0071,0201,0391,0061,005
Capital lease obligations 171512
Liabilities, other than long-term debt1,2381,158402396501539549
Accounts payable and accrued liabilities9698581010202026
Liability, pension and other postretirement and postemployment benefits207229257270404455464
Restructuring reserve36    2
Other liabilities5964134116776457
Other undisclosed noncurrent liabilities1068885108917372
Total noncurrent liabilities:2,3652,7931,4941,5241,6481,6341,638
Total liabilities:4,2344,3422,6612,5762,5252,3962,484
Temporary equity, carrying amount   2991277969
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0601,2991,564660697510330
Common stock0000000
Additional paid in capital585626658  13
Retained earnings1,4751,1141,3101,0841,101935706
Other undisclosed stockholders' equity attributable to parent (441)(405)(425)(404)(427)(379)
Stockholders' equity attributable to noncontrolling interest  87522
Other undisclosed stockholders' equity(394)      
Total stockholders' equity:1,6661,2991,572667702512332
TOTAL LIABILITIES AND EQUITY:5,9005,6414,2323,5433,3552,9872,884

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

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Revenues5,7644,4535,7635,5754,9044,5534,494
Revenue, net5,5754,9044,5534,494
Cost of revenue
(Cost of Goods and Services Sold)
(2,417)(2,100)(2,662)(2,577)(2,341)(2,224)(2,226)
Gross profit:3,3472,3533,1012,9982,5632,3292,269
Operating expenses (2,348)(2,535)(2,461)(2,096)(1,867)(1,838)
Other undisclosed operating loss(2,661)(90)     
Operating income (loss):686(85)567537467462431
Nonoperating income (expense)3(22)(10)49(52)24(25)
Foreign currency transaction gain (loss), before tax  (12)31(25)60
Other nonoperating income (expense)3(22)218(27)18(25)
Interest and debt expense(109)(82)(66)(55)(91)(73)(95)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (13)(31)25(6)(0)
Income (loss) from continuing operations before income taxes:580(190)478500349407310
Income tax expense (benefit)(27)63(83)(215)(64)(116)(101)
Net income (loss):554(127)395285285291210
Net loss attributable to noncontrolling interest  (0)(2)(3)(0)(0)
Net income (loss) available to common stockholders, diluted:554(127)395283281291209

Comprehensive Income ($ in millions)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Net income (loss):554(127)395285285291210
Other comprehensive income (loss)471820(20)23(48)(4)
Comprehensive income (loss):601(109)415265308243206
Comprehensive loss, net of tax, attributable to noncontrolling interest  (1)(2)(3)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:601(109)414263304243206

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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