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American Apparel, Inc (APP) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

SEC Filings

American Apparel, Inc

CIK: 1336545


Exhibit 99.1
AMERICAN APPAREL, INC. REPORTS FOURTH QUARTER AND FULL YEAR
2012 FINANCIAL RESULTS AND PROVIDES INITIAL OUTLOOK FOR 2013. OPERATING INCOME IMPROVES BY $24.3 MILLION.

LOS ANGELES, March 4, 2013 - American Apparel, Inc. (NYSE MKT: APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion-basic apparel, announced financial results for its fourth quarter and year ended December 31, 2012. The Company also provided guidance with respect to expected 2013 performance.

Financial Performance Highlights for 2012 and the Fourth Quarter of 2012

Sales:
Net sales: Up 13% for year; 10% for the fourth quarter. 
Comparable retail store sales: Up 13% for the year; 7% for the fourth quarter. 
Online sales: Up 30% for the year; 42% for the fourth quarter. 
Wholesale sales: Up 12% for the year; 19% for the fourth quarter. 

Gross Profit:
For the year: Up 11% to $327.4 million in 2012 from $294.9 million in 2011. 
For the fourth quarter: Up 11% to $93.1 million in 2012 from $83.8 million in 2011. 

Operating Expenses as a Percentage of Sales:
For the year: Down 5.2 percentage points to 52.9% in 2012 from 58.1% in 2011. 
For the fourth quarter: Down 4.9 percentage points to 49.8% in 2012 from 54.7% in 2011. 

Cash Generated from Operating Activities:
For the year: Up $21.3 million to $23.6 million in 2012 from $2.3 million in 2011. 
For the fourth quarter: Up $9.7 million to $22.0 million in 2012 from $12.3 million in 2011.

Operating Income:
For the year: Up $24.3 million to $1 million in 2012 from a loss of $23.3 million in 2011. 
For the fourth quarter: Up $9.2 million to $6.8 million in 2012 from a loss of $2.4 million in 2011.

Adjusted EBITDA:
For the year: Up 150% to $36.6 million in 2012 from $14.5 million in 2011.
For the fourth quarter: Up 95% to $17.8 million in 2012 from $9.1 for in 2011.

Earnings (Loss) per Share, Diluted:
For the year: Up $0.07 per share to a loss of $0.35 in 2012 from a loss of $0.42 in 2011.
For the fourth quarter: Up $0.15 per share to $0.04 in 2012 from a loss of $0.11 in 2011.

Dov Charney, Chairman and CEO of American Apparel, Inc. stated, We are pleased with our fourth quarter results that again show solid growth and continuing momentum in all business segments and almost all major geographies.  Significant sales growth, operating expense control and the acceleration of leverage of our fixed costs allowed us to increase EBITDA performance to $17.8 million for the fourth quarter of 2012 from $9.1 million for the fourth quarter of 2011. For the full year, EBITDA increased to $36.6 million from $14.5 million in the prior year. Although we are pleased with this growth, we are focused on continuing to improve our financial performance. During this past year, we have carefully invested in systems and infrastructure to facilitate future growth.




The following information was filed by American Apparel, Inc on Monday, March 4, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Dei Document Document
Schedule Ii
Schedule Ii (allowance For Trade Accounts Receivable) (details)
Schedule Ii (reserve For Inventory) (details)
Schedule Ii (valuation Allowance Of Deferred Tax Assets) (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statement Of Operations
Consolidated Statement Of Operations (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows Reconciliation Of Net Loss To Net Cash Provided By (used In) Operating Activities (audited)
Consolidated Statements Of Stockholders’ Equity
(net Sales By Geographic Location Of Customer) (details)
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (details)
Accrued Expenses And Other Current Liabilities (tables)
Business Segment And Geographic Area Information
Business Segment And Geographic Area Information (details)
Business Segment And Geographic Area Information (key Financial Information Of The Companys Reportable Segments) (details)
Business Segment And Geographic Area Information (long-lived Assets-property And Equipment, Net) (details)
Business Segment And Geographic Area Information (percentage Of Total Assets And Total Liabilities - Foreign Subsidiaries) (details)
Business Segment And Geographic Area Information (reconciliation Of Reportable Segments Combined Loss From Operations To The Consolidated Loss Before Income Taxes) (details)
Business Segment And Geographic Area Information (tables)
Capital Lease Obligations
Capital Lease Obligations (details)
Capital Lease Obligations (minimum Future Payments) (details)
Capital Lease Obligations (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (activity Of Level 3 Inputs) (details)
Fair Value Of Financial Instruments (summary Of Present Carrying Amounts And Fair Vallue - Level 3) (details)
Fair Value Of Financial Instruments (tables)
Goodwill, Intangible Assets And Other Assets
Goodwill, Intangible Assets And Other Assets (definite And Indefinite Intangible Assets) (details)
Goodwill, Intangible Assets And Other Assets (details)
Goodwill, Intangible Assets And Other Assets (estimated Amortization Expense Of Deferred Financing Costs, Broker And Finder Fees, Lease Rights And Key Money) (details)
Goodwill, Intangible Assets And Other Assets (tables)
Income Taxes
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (details)
Income Taxes (net Loss Before Income Taxes) (details)
Income Taxes (parentheticals) (details)
Income Taxes (provision (benefit) For Income Taxes) (details)
Income Taxes (reconciliation Of Statutory Federal Tax Rate) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefit) (details)
Inventories
Inventories (details)
Inventories (tables)
Litigation
Litigation Contingencies (details)
Long-term Debt
Long-term Debt (components Of Long-term Debt) (details)
Long-term Debt (details)
Long-term Debt (tables)
Organization And Business
Organization And Business (details) (details)
Property And Equipment
Property And Equipment (details)
Property And Equipment (summary Of Property, Plant And Equipment) (details)
Property And Equipment (tables)
Related Party Transaction
Related Party Transaction (company Ceo) (details)
Related Party Transaction (lease Agreements) (details)
Related Party Transaction (m. Charney) (details)
Related Party Transaction (personal Guarantees By The Company's Ceo) (details)
Related Party Transaction (subordinated Notes Payable To Related Party) (details)
Revolving Credit Facilities And Current Portion Of Long-term Debt
Revolving Credit Facilities And Current Portion Of Long-term Debt (details)
Revolving Credit Facilities And Current Portion Of Long-term Debt (tables)
Shared-based Compensation
Shared-based Compensation (details)
Shared-based Compensation (resticted Shares) (details)
Shared-based Compensation (stock Options) (details)
Shared-based Compensation (tables)
Stockholders' Equity (common Stock Warrants Issued, Forfeited, Expired And Outstanding) (details)
Stockholders' Equity (details)
Stockholders' Equity (notes)
Stockholders' Equity (summary Of Purchase Rights) (details)
Stockholders' Equity (summary Of The Potential Stock Issuances Under Various Assumptions) (details)
Stockholders' Equity (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (non-printing) (details)
Summary Of Significant Accounting Policies (policies)
Workers' Compensation And Other Self-insurance Reserve
Workers' Compensation And Other Self-insurance Reserve (details)
CIK: 1336545
Form Type: 10-K Annual Report
Accession Number: 0001336545-13-000009
Submitted to the SEC: Tue Mar 05 2013 4:14:04 PM EST
Accepted by the SEC: Tue Mar 05 2013
Period: Monday, December 31, 2012
Industry: Blank Checks

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