| Address:
|
747 WAREHOUSE STREET
|
| City: |
LOS ANGELES |
|
State: |
CA |
|
Zip Code: |
90021 |
| Telephone: |
213-488-0226 |
|
Description of Business
|
Primary SIC Code:
6770 |
| (As filed with the SEC)
|
|
|
American Apparel, Inc., a Delaware corporation, was incorporated in Delaware on
July 22, 2005 as Endeavor Acquisition Corp., a blank check company formed to
effect a merger, capital stock exchange, asset acquisition or other similar
business combination with an operating business. On December 21, 2005, Endeavor
Acquisition Corp. consummated its initial public offering, and on December 18,
2006, entered into an Agreement and Plan of Reorganization with American
Apparel, Inc., a California corporation ("Old American Apparel"), and its
affiliated companies. Endeavor Acquisition Corp. consummated the acquisition of
Old American Apparel and its affiliated companies on December 12, 2007 (the
"Acquisition") and changed its name to American Apparel, Inc. Pursuant to the
Acquisition, Old American Apparel merged with and into AAI Acquisition LLC, a
Delaware limited liability company and a wholly owned subsidiary of Endeavor
Acquisition Corp. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | 0.05 | NA | 58.40 | | 12/2008 | 0.20 | NA | 9.95 | | 09/2008 | 0.20 | NA | 41.00 | | 06/2008 | 0.29 | NA | 22.93 | | 03/2008 | 0.30 | NA | 31.50 | | 12/2007 | 0.31 | NA | 48.39 | | 09/2007 | 0.13 | NA | 91.15 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 0.12 | Total Liab/Total Assets | 0.59 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.77 | | Net Inc/Inv Cap | 0.06 | Total Liab/Comm Equity | 1.62 | | Pretax Inc/Net Sales | 0.04 | Interest Coverage Ratio | 2.53 | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | 0.03 | | Cash Flow/Net Sales | 0.04 | LTD/Equity | 0.77 | | SG&A/NetSales | 0.48 | Total Debt/Equity | 0.80 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 23.64 | Quick Ratio | 0.52 | | Inventory Turnover | 1.93 | Current Ratio | 2.52 | | Inventory Day Sales | 0.00 | Net Rec/Curr Assets | 0.13 | | Net Sales/Work Cap | 4.84 | Inv/Curr Assets | 0.79 | | Net Sales/PP&E | 4.85 | | |
Income Statement (Millions) |
| |
12/31/2008
|
9/30/2008
|
6/30/2008
|
3/31/2008
|
|
Total Revenues(Net Sales)
|
145.64
|
154.80
|
132.97
|
111.63
|
|
Cost of Goods Sold
|
64.97
|
77.18
|
53.90
|
49.89
|
|
Selling & Admin Exps
|
71.45
|
70.78
|
63.44
|
57.38
|
|
Operating Income
|
9.23
|
6.84
|
15.63
|
4.37
|
|
Interest Exp
|
3.65
|
3.24
|
3.70
|
3.34
|
|
Pretax Income
|
5.91
|
3.27
|
10.47
|
1.72
|
|
Other Income
|
0.40
|
-0.41
|
-1.46
|
0.69
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
3.88
|
2.33
|
6.79
|
1.10
|
|
Assets
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
3/31/2008
|
|
Cash & Short Term Investments
|
11.37
|
13.89
|
24.56
|
72.93
|
|
Receivables - Total
|
23.51
|
27.41
|
26.09
|
26.98
|
|
Inventories - Total
|
148.15
|
153.54
|
127.61
|
113.15
|
|
Total Current Assets
|
186.96
|
201.39
|
185.23
|
219.95
|
|
Net Property, Plant & Equipment
|
112.41
|
104.18
|
90.46
|
76.16
|
|
Total Assets
|
333.01
|
329.04
|
296.22
|
314.06
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
67.88
|
64.05
|
45.87
|
42.72
|
|
Debt in Current Liabilities
|
4.00
|
103.92
|
96.92
|
116.84
|
|
Total Current Liabilities
|
74.28
|
172.16
|
146.76
|
162.86
|
|
Long-Term Debt
|
105.27
|
8.65
|
9.44
|
10.00
|
|
Total Liabilities
|
196.59
|
196.34
|
169.95
|
184.83
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Retained Earnings
|
17.90
|
14.02
|
11.68
|
4.89
|
|
Treasury Stock
|
-10.04
|
-10.04
|
-10.04
|
NA
|
|
Total Stockholders' Equity
|
136.41
|
132.70
|
126.27
|
129.23
|
|
Total Liabilities and Stockholders' Equity
|
333.01
|
329.04
|
296.22
|
314.06
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
3/31/2008
|
|
Net Cash Provided by Operating Activities
|
20.31
|
10.14
|
3.66
|
-12.94
|
|
Net Cash Provided by Investing Activities
|
-16.58
|
-21.00
|
-22.02
|
-12.55
|
|
Net Cash Provided by Financing Activities
|
-9.07
|
1.69
|
-29.97
|
78.51
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 0.00 | 0.05 | -- | | 12/2006 | 0.00 | 2.87 | -- | | 12/2007 | 387.04 | 15.48 | 0.31 | | 12/2008 | 545.05 | 14.11 | 0.20 | | Growth Rates | Infinity | 538.10 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 77 | 22,991 | 32.37 |
|
Report Date :
6/23/2009
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