| Address:
|
2263 EAST VERNON AVENUE
|
| City: |
VERNON |
|
State: |
CA |
|
Zip Code: |
90058 |
| Telephone: |
323.266.3072 |
|
Description of Business
|
Primary SIC Code:
2300 |
| (As filed with the SEC)
|
|
|
True Religion Apparel, Inc. (referred to in this Annual Report on Form 10-K
as "the Company," "our," "we," or "True Religion") designs, markets,
distributes, and sells apparel under the brand name "True Religion Brand Jeans"
to fashion-conscious consumers on six continents, including North America,
Europe, Asia, Australia, Africa and South America. We seek to be a trend setting
leader in the design, marketing, distribution and sale of fashion jeans and
related sportswear apparel. Our products can be categorized as denim, knit and
non-denim, and most come in 'tops' and 'bottoms'. Knit styles include hoodies,
t-shirts and sweats, and non-denim fabrics include corduroy and twill. Tops
range from shirts to jackets, and bottoms encompass pants, shorts and skirts. We
operate in four distinct but integrated segments: U.S. Wholesale, International,
U.S. Consumer Direct and Core Services, which includes licensing activity. Our
U.S. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.85 | NA | 14.57 | | 06/2011 | 1.85 | NA | 15.72 | | 03/2011 | 1.77 | NA | 13.26 | | 12/2010 | 1.75 | NA | 12.72 | | 09/2010 | 1.69 | NA | 12.63 | | 06/2010 | 1.79 | NA | 12.33 | | 03/2010 | 1.94 | NA | 15.65 | | 12/2009 | 1.92 | NA | 9.63 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.65 | Total Liab/Total Assets | 0.16 | | Net Inc/Total Assets | 0.15 | Total Liab/Inv Cap | 0.18 | | Net Inc/Inv Cap | 0.16 | Total Liab/Comm Equity | 0.70 | | Pretax Inc/Net Sales | 0.19 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.12 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.19 | LTD/Equity | NA | | SG&A/NetSales | 0.44 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.90 | Quick Ratio | 6.41 | | Inventory Turnover | 3.51 | Current Ratio | 7.74 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.15 | | Net Sales/Work Cap | 1.72 | Inv/Curr Assets | 0.17 | | Net Sales/PP&E | 7.51 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
108.36
|
98.26
|
93.76
|
110.91
|
|
Cost of Goods Sold
|
38.17
|
33.90
|
33.02
|
41.15
|
|
Selling & Admin Exps
|
50.26
|
49.20
|
45.89
|
43.57
|
|
Operating Income
|
19.93
|
15.17
|
14.86
|
26.19
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
19.68
|
15.73
|
14.78
|
26.39
|
|
Other Income
|
-0.25
|
0.56
|
-0.08
|
0.20
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
12.09
|
9.43
|
8.98
|
15.79
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
182.16
|
173.75
|
156.21
|
153.79
|
|
Receivables - Total
|
33.79
|
27.56
|
31.97
|
37.52
|
|
Inventories - Total
|
54.10
|
47.30
|
46.62
|
41.69
|
|
Total Current Assets
|
281.02
|
261.00
|
243.39
|
243.28
|
|
Net Property, Plant & Equipment
|
53.84
|
51.72
|
49.94
|
48.45
|
|
Total Assets
|
339.48
|
316.58
|
297.69
|
295.88
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
34.73
|
28.75
|
23.65
|
31.45
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
34.73
|
28.75
|
23.65
|
31.45
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
53.64
|
46.82
|
39.75
|
46.85
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
2.49
|
2.12
|
1.93
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Retained Earnings
|
206.66
|
194.62
|
186.17
|
181.63
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
283.28
|
269.76
|
257.94
|
249.03
|
|
Total Liabilities and Stockholders' Equity
|
336.92
|
316.58
|
297.69
|
295.88
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
14.07
|
23.71
|
10.88
|
30.64
|
|
Net Cash Provided by Investing Activities
|
-5.57
|
-5.47
|
-4.61
|
-4.46
|
|
Net Cash Provided by Financing Activities
|
-0.01
|
-0.48
|
-3.74
|
-0.03
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 140.49 | 21.75 | 1.04 | | 12/2007 | 173.26 | 27.84 | 1.16 | | 12/2008 | 270.00 | 44.37 | 1.83 | | 12/2009 | 311.00 | 47.33 | 1.92 | | 12/2010 | 363.71 | 43.50 | 1.75 | | Growth Rates | 26.85 | 18.92 | 13.89 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 190 | 24,799 | 97.04 |
|
Report Date :
2/6/2012
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