Levi Strauss ends the year with higher Q4 net income
09 Feb '11
4 min read
• Operating income for 2010 increased to $381 million compared to $378 million in 2009, inclusive of the favorable effects of currency.
Cash Flow and Balance Sheet
The company ended the fourth quarter with cash and cash equivalents of $270 million. Cash provided by operating activities was $146 million for 2010, compared with $389 million for the same period in 2009, primarily reflecting in the company's strategic investments and inventory build in support of the company's growth. The company ended the year with net debt of $1.59 billion. During the year, the company paid a $20 million cash dividend to common stockholders. Subsequent to the end of the company's fiscal year, in December 2010, the company paid a $20 million cash dividend to common stockholders.
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