Levi
1990-92
Mill. $ except per-share data 1990 1991 1992 % inc.
Net Sales 4,247 4,902 5,571
U.S. 2,561 2,997 3,483 16.6%
Europe 1,032 1,209 1,368 15.2%
Other non-U.S. 654 696 720 4.9%
CGS 2,651 3,024 3,431
Gross Profit 1,596 1,878 2,140
Marketing, general and admin.
Expenses 985 1,148 1,322
Stock option charge 158
Operating income 611 730 660
Interest expense 83 71 53
Other income, net 26 32 29
IBIT and extra. Loss 554 691 636
U.S. 313 390 460 21.3%
U.S. Margin 12.2% 13.0% 13.2%
Europe 296 334 362 10.6%
Europe Margin 28.7% 27.6% 26.5%
Other non-U.S. 136 137 152 5.8%
Other non-U.S. Margin 20.8% 19.7% 21.1%
Headquarters 191 170 340 44.5%
Provision for taxes 289 325 272
Income before extra. Loss 265 366 364
Extraordinary loss -14 -10 -2
Net income 251 356 362
Dividends on preferred stock 8 12 2
Net income avail. for stockholders 243 344 360
Income per common share:
Income before extraordinary loss $4.28 $6.44 $6.94
Extraordinary loss -$0.23 -$0.18 -$0.03
Net income $4.05 $6.26 $6.91 32.5%
Avge. Common shares outstanding 60129546 55136212 51928655
Total assets 2,392 2,635 2,882
U.S. 1,251 1,346 1,481 8.8%
U.S. ROA 25.0% 29.0% 31.1%
Europe 377 400 491 14.4%
Europe ROA 78.5% 83.5% 73.7%
Other non-U.S. 273 317 273 1.1%
Other non-U.S. ROA 49.8% 43.2% 55.7%
Headquarters 489 570 635 14.0%
Headquarters ROA 39.1% 29.8% 53.5%
L-T debt and cap. lease obligations 159 433 262
Preferred stock 82 82
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Levi
Emp. stock purchase and award plan 16
Stockholders' equity 641 558 768
L-T debt/Equity 0.25 0.78 0.34
ROE 39.1% 63.8% 47.1%
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