| 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)
|
|
|
Unless the context indicates otherwise, when we refer to ("we", "us", "our", or
the "Company") in this Form 10-K, we are referring to American Apparel, Inc. and
its subsidiaries on a consolidated basis. Our year ends on December 31 and
references to fiscal 2010, fiscal 2009 and fiscal 2008 refer to the years ended
December 31, 2010, 2009 and 2008, respectively.
Background of American Apparel, Inc.
American Apparel, Inc., a Delaware corporation, was incorporated in Delaware on
July 22, 2005 as Endeavor Acquisition Corp., a blank check company formed to
acquire 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, amended November 7, 2007, with American
Apparel Inc., a California corporation ("Old American Apparel"), and its
affiliated companies. Endeavor Acquisition Corp. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -0.59 | NA | N/E | | 06/2011 | -0.66 | NA | N/E | | 03/2011 | -0.89 | NA | N/E | | 12/2010 | -1.21 | NA | N/E | | 09/2010 | -0.89 | NA | N/E | | 06/2010 | -0.70 | NA | N/E | | 03/2010 | -0.43 | NA | N/E | | 12/2009 | 0.01 | NA | 310.00 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.57 | Total Liab/Total Assets | 0.77 | | Net Inc/Total Assets | -0.26 | Total Liab/Inv Cap | -10.43 | | Net Inc/Inv Cap | 3.56 | Total Liab/Comm Equity | 1.67 | | Pretax Inc/Net Sales | -0.14 | Interest Coverage Ratio | -2.12 | | Net Inc/Net Sales | -0.16 | Curr Debt/Equity | 1.85 | | Cash Flow/Net Sales | -0.06 | LTD/Equity | 0.01 | | SG&A/NetSales | 0.60 | Total Debt/Equity | 1.87 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 22.46 | Quick Ratio | 0.18 | | Inventory Turnover | 1.59 | Current Ratio | 1.02 | | Inventory Day Sales | 0.00 | Net Rec/Curr Assets | 0.10 | | Net Sales/Work Cap | 157.74 | Inv/Curr Assets | 0.82 | | Net Sales/PP&E | 6.24 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
140.89
|
132.80
|
116.07
|
143.97
|
|
Cost of Goods Sold
|
65.90
|
60.64
|
52.17
|
63.87
|
|
Selling & Admin Exps
|
76.84
|
76.39
|
76.34
|
89.56
|
|
Operating Income
|
-2.63
|
-5.22
|
-13.09
|
-11.89
|
|
Interest Exp
|
8.83
|
7.75
|
7.13
|
6.66
|
|
Pretax Income
|
-7.03
|
0.31
|
-20.39
|
-19.13
|
|
Other Income
|
4.43
|
13.28
|
-0.17
|
-0.58
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-7.19
|
-0.21
|
-20.75
|
-19.30
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
7.97
|
6.88
|
6.21
|
7.66
|
|
Receivables - Total
|
24.45
|
24.05
|
22.89
|
21.43
|
|
Inventories - Total
|
185.60
|
192.59
|
192.54
|
178.05
|
|
Total Current Assets
|
227.32
|
230.46
|
229.07
|
216.54
|
|
Net Property, Plant & Equipment
|
71.33
|
77.07
|
82.39
|
85.40
|
|
Total Assets
|
323.64
|
331.66
|
333.95
|
327.95
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
83.05
|
98.75
|
84.15
|
70.79
|
|
Debt in Current Liabilities
|
56.99
|
57.79
|
64.06
|
139.04
|
|
Total Current Liabilities
|
140.89
|
157.72
|
164.86
|
213.16
|
|
Long-Term Debt
|
91.85
|
86.48
|
85.37
|
0.99
|
|
Total Liabilities
|
267.51
|
279.41
|
283.12
|
252.93
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Retained Earnings
|
-101.69
|
-94.50
|
-94.29
|
-73.54
|
|
Treasury Stock
|
-2.16
|
-2.16
|
-2.16
|
-2.16
|
|
Total Stockholders' Equity
|
56.13
|
52.25
|
50.83
|
75.02
|
|
Total Liabilities and Stockholders' Equity
|
323.64
|
331.66
|
333.95
|
327.95
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-1.46
|
-2.08
|
-6.41
|
-4.86
|
|
Net Cash Provided by Investing Activities
|
-2.55
|
-2.15
|
-2.51
|
-4.39
|
|
Net Cash Provided by Financing Activities
|
5.66
|
5.17
|
7.49
|
9.11
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 0.00 | 2.87 | -- | | 12/2007 | 387.04 | 15.48 | 0.31 | | 12/2008 | 545.05 | 14.11 | 0.20 | | 12/2009 | 558.78 | 1.11 | 0.01 | | 12/2010 | 532.99 | -86.32 | -1.21 | | Growth Rates | Infinity | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 40 | 11,651 | 11.14 |
|
Report Date :
1/30/2012
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