Question

G12 12 Months Ended Nov. 25, 2018 Nov. 26, 2017 Nov. 27, 2016 Consolidated Statements of Cash Flows- USD (S) $ in Thousands $285,244S 284,556 $291,209 3 Cash Flows from Operating Activities: 4 Net income 5 Adjustments to reconcile net income to net cash provided by operating activities: 6 Depreciation and amortization 7 Unrealized foreign exchange (gains) losses 103,878 (5,853) (17,175) 117,387 24,731 5,773 120,205 (30,804) 19,974 Realized loss (gain) on settlement of forward foreign exchange contracts not designated 8 for hedge accounting 30,125 14,991 4,336 Emelovee benetfi olans' amorisation from acumulated othercomprehensive loss aind 9 settlement losses 10 Loss on extinguishment of debt, net of write-off of unamortized debt issuance costs 22,793 25,809 (486) 8,005 9,333 18,407 134,258 7,395 11 Stock-based compensation 12 Deferred income taxes 13 Other, net 14 Change in operating assets and liabilities: 15 Trade receivables 16 Inventories 17 Other current assets 18 Other non-current assets 9 Accounts payable and other accrued liabilities 20 Restructuring liabilities 21 Income tax liabilities 22 Accrued salaries, wages and employee benefits and long-term employee related 23 Other long-term liabilities 66,078 2,813 6,150 14,409) (121,379) (22,944) (9,103) 43,040 (17,290) 7,653 (49,880) 5,029 (60,474) (147,389) (30,870) (3,189) 161,039 (420) (8,590) 44,887) (3,864) 3,981 1,828 35,714 2,478 (6,862) (4,274) (9,408) (1,800) Cash Flow Preparation Cash Flow Analysis Levi Strauss Statements of Cash Ready G12 (68,348) (124,391) (179,387) 29 Net cash used for investing activities 30 Cash Flows from Financing Activities: 31 Proceeds from issuance of long-term debt 32 Repayments of long-term debt and capital leases 502,835 (525,000) (36,092) 180,000 (279,000) 29,154 (18,219) 33 Proceeds from senior revolving credit facility 0 34 Repayments of senior revolving credit facility 35,333 (29,764) (6,231) 31,929 (28,230) 4,977) 35 Proceeds from short-term credit facilities 36 Repayments of short-term credit facilities 37 Other short-term borrowings, net 38 Payment of debt extinguishment costs 39 Debt issuance costs 40 Repurchase of common stock 41 Dividend to stockholders 42 Other financing, net 43 Net cash (used for) provided by financing activities 44 Effect of exchange rate changes on cash and cash equivalents 45 Net increase (decrease) in cash and cash equivalents 46 Beginning cash and cash equivalents 47 Ending cash and cash equivalents 0(21,902) (10,365) (25,102) (70,000) (1,536) (148,224)(151,733)(173,549) 8,242 258,059 375,563 633,622 (2,563) (60,000) (56,039) (90,000) (304) (7,661) 56,992 18,571 375,563 (13,262) 79,498 633,622 713,120 48 Noncash Investing Activity: 49 Property, plant and equipment acquired and not yet paid at end of period 22,664 19,888 19,903 23,099 2,750 50 Property, plant and equipment additions due to build-to-suit lease transactions 51 Supplemental disclosure of cash flow information: 52 Cash paid for interest during the period 53 Income taxes 7,052 57,148 52,097 51,200 S 96,277 54,602 Cash Flow Preparation Cash Flow Analysis Levi Strauss Statements of Cash Ready O Type here to search D E Use the Consolidated Statement of Cash Flows for Levi Strauss on the following tab to answer the following questions: 2 3 1a) Which year showed the highest net cash provided from operations? 4 5 6 1b) Was it also the year of the highest net income? 9 1c) What were the three largest positive adjustments to net income and why were they made? 10 12 13 14 15 16 17 2a) What year were the most investments made? 18 20 2b) What year were assets disposed of? 21 | Cash Flow Analysis | Levi Strauss statements of Cash | Cash Flow Preparation 23 24 25 26 3a) What year had the largest use of cash for financing? 27 28 29 3b) What were the two largest uses of cash for financing that year and why were they made? 30 31 32 34 4a) Explain the two types of non cash investing reported and why was it considered non cash? 35 36 37 38 39 4b) What items are listed as supplemental disclosures? Are they required by GAAP? 40 41 42 43 Levi Strauss Statements of Cash Cash Flow Analysis Cash Flow Preparation Ready

Answer 1

1 a)	Cash generated from operations was highest for Year ended Nov. 2017 at $ 525941
1b)	NO year ended Nov 2017 was not the one with highest Net Income. Net Income was
	highest for the year ended Nov. 27, 2016 at $ 291209
1c)	Three largest Adjustments made in Net income are
	Adjustments			Reason
1	Depreciation			It is added back to Net Income because it is a non cash Expense.
2	Employee benefits amortizaion			It is added back to Net Income because it is
				writing off of past losses and does not involve current cash payments.
3	Stock based compensation			It is added back to Net Income because it is distribution of companies
				stock and also does not involve any cash payments
2a)	In year ended Nov. 2018, most Investment were purchased at $ 159413
2b)	Assets were disposed off in year 2016