LEVI STRAUSS & CO.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $281.4M | $291.1M | $209.4M | $106.1M | $229.2M | $143.9M | $138.0M | $156.5M |
| Depreciation & Amortization | $117.4M | $103.9M | $102.0M | $109.5M | $115.7M | $122.6M | $117.8M | $104.9M |
| Depreciation | $117.4M | $103.7M | $99.8M | $106.5M | $104.6M | $110.5M | $104.8M | $88.9M |
| Amortization | — | $200.0K | $2.1M | $2.8M | $10.5M | $11.4M | $12.1M | — |
| Stock-Based Compensation | $25.8M | $9.3M | $15.1M | $12.4M | $8.2M | $6.0M | $8.4M | $6.4M |
| Net Cash from Operating Activities | $525.9M | $306.6M | $218.3M | $232.9M | $411.3M | $531.0M | $1.8M | $146.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $118.6M | $103.0M | $104.6M | $73.4M | $91.8M | $83.9M | $130.6M | $154.6M |
| Business Acquisitions | — | $0 | $2.3M | $318.0K | $400.0K | $491.0K | $0 | $12.2M |
| Net Cash from Investing Activities | $-124.4M | $-68.3M | $-80.8M | $-71.8M | $-92.8M | $-75.2M | $-141.0M | $-181.8M |
| Financing Activities | ||||||||
| Dividends Paid | $70.0M | $60.0M | $50.0M | $30.0M | $25.1M | $20.0M | $20.0M | $20.0M |
| Stock Repurchases | $25.1M | $2.6M | $4.2M | $5.3M | $5.7M | $603.0K | $489.0K | $78.0K |
| Net Cash from Financing Activities | $-151.8M | $-173.5M | $-94.9M | $-341.7M | $-230.5M | $-250.9M | $77.7M | $32.3M |
| Net Change in Cash | $258.1M | $57.0M | $20.3M | $-191.0M | $83.1M | $201.6M | $-65.2M | $-1.1M |
| Free Cash Flow | $407.3M | $203.6M | $113.8M | $159.5M | $319.5M | $447.1M | $-128.7M | $-8.4M |
Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.