10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF EARNINGS | |||
Period Ending June 30, 2012 10-K (Filed: Aug 17, 2012) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2012 | June 30, 2011 | June 30, 2010 | |
| Net Sales | $ 9,713,600 | 8,810,000 | 7,795,800 |
| Cost of sales | 1,995,800 | 1,936,900 | 1,829,400 |
| Gross Profit | 7,717,800 | 6,873,100 | 5,966,400 |
| Operating expenses | |||
| Selling, general and administrative | 6,324,800 | 5,696,700 | 5,067,000 |
| Restructuring and other charges | 59,600 | 49,000 | 61,100 |
| Goodwill impairment | 29,300 | 16,600 | |
| Impairment of other intangible and long-lived assets | 21,700 | 8,700 | 31,800 |
| Total operating expenses | 6,406,100 | 5,783,700 | 5,176,500 |
| Operating Income | 1,311,700 | 1,089,400 | 789,900 |
| Interest expense, net | 61,100 | 63,900 | 74,300 |
| Interest expense on debt extinguishment | 27,300 | ||
| Other income | 10,500 | ||
| Earnings before Income Taxes | 1,261,100 | 1,025,500 | 688,300 |
| Provision for income taxes | 400,600 | 321,700 | 205,900 |
| Net Earnings | 860,500 | 703,800 | 482,400 |
| Net earnings attributable to noncontrolling interests | (3,600) | (3,000) | (4,100) |
| Net Earnings Attributable to The Estee Lauder Companies Inc. | 856,900 | 700,800 | 478,300 |
| Net earnings attributable to The Estee Lauder Companies Inc. per common share | |||
| Basic (in dollars per share) | 2.20 | 1.78 | 1.21 |
| Diluted (in dollars per share) | 2.16 | 1.74 | 1.19 |
| Weighted-average common shares outstanding | |||
| Basic (in shares) | 388,700 | 394,000 | 395,400 |
| Diluted (in shares) | 397,000 | 402,400 | 401,500 |
| Cash dividends declared per common share (in dollars per share) | 0.53 | 0.38 | 0.28 |
| Net earnings attributable to The Estee Lauder Companies Inc. per common share: | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending June 30, 2012 10-K (Filed: Aug 17, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2012 | June 30, 2011 | June 30, 2010 | |
| Net earnings | $ 860,500 | 703,800 | 482,400 |
| Other comprehensive income (loss): | |||
| Net unrealized investment gain (loss), net of tax | 300 | 400 | |
| Net derivative instrument gain (loss), net of tax | 18,100 | (15,000) | 12,800 |
| Net actuarial gain (loss), net of tax | (101,000) | 25,900 | (32,400) |
| Net prior service credit (cost), net of tax | 6,500 | (7,300) | 5,500 |
| Translation adjustments, net of tax | (156,800) | 213,700 | (69,300) |
| Total other comprehensive income (loss) | (233,200) | 217,600 | (83,000) |
| Comprehensive income (loss) | 627,300 | 921,400 | 399,400 |
| Comprehensive (income) loss attributable to noncontrolling interests: | |||
| Net earnings | (3,600) | (3,000) | (4,100) |
| Translation adjustments, net of tax | 2,600 | (3,200) | 3,400 |
| Total comprehensive (income) loss attributable to noncontrolling interests | (1,000) | (6,200) | (700) |
| Comprehensive income (loss) attributable to The Estee Lauder Companies Inc. | 626,300 | 915,200 | 398,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2012 10-K (Filed: Aug 17, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2012 | June 30, 2011 | June 30, 2010 | |
| Cash Flows from Operating Activities | |||
| Net earnings | $ 860,500 | 703,800 | 482,400 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 295,800 | 294,400 | 263,700 |
| Deferred income taxes | (22,100) | (24,500) | (24,700) |
| Non-cash stock-based compensation | 124,700 | 94,800 | 57,000 |
| Excess tax benefits from stock-based compensation arrangements | (57,800) | (49,700) | (10,800) |
| Loss on disposal of property, plant and equipment | 12,700 | 7,700 | 23,000 |
| Goodwill, other intangible asset and long-lived asset impairments | 21,700 | 38,000 | 48,400 |
| Non-cash charges associated with restructuring activities | 3,500 | 9,400 | 21,400 |
| Non-cash charge on debt extinguishment | 2,400 | ||
| Pension and post-retirement benefit expense | 68,500 | 78,500 | 61,600 |
| Pension and post-retirement benefit contributions | (126,900) | (92,400) | (125,700) |
| Other non-cash items | 3,700 | 600 | 600 |
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in accounts receivable, net | (178,400) | (124,700) | 79,200 |
| Increase in inventory and promotional merchandise, net | (41,200) | (95,100) | (60,800) |
| Decrease (increase) in other assets, net | (63,100) | (52,500) | 29,300 |
| Increase (decrease) in accounts payable | 68,300 | (17,000) | 103,600 |
| Increase (decrease) in accrued income taxes | 96,600 | 103,100 | (78,800) |
| Increase in other liabilities | 60,200 | 152,600 | 84,900 |
| Net cash flows provided by operating activities | 1,126,700 | 1,027,000 | 956,700 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (420,700) | (351,000) | (270,600) |
| Acquisition of businesses and other intangible assets, net of cash acquired | (7,600) | (256,100) | (10,700) |
| Proceeds from the disposition of long-term investments | 200 | ||
| Purchases of long-term investments | (100) | ||
| Net cash flows used for investing activities | (428,300) | (606,900) | (281,400) |
| Cash Flows from Financing Activities | |||
| Borrowings (repayments) of current debt, net | 197,400 | 400 | (7,500) |
| Debt issuance costs | (1,100) | ||
| Repayments and redemptions of long-term debt | (128,800) | (16,500) | (227,200) |
| Net settlement of interest rate derivatives | 47,400 | ||
| Net proceeds from stock-based compensation transactions | 90,800 | 156,100 | 205,000 |
| Excess tax benefits from stock-based compensation arrangements | 57,800 | 49,700 | 10,800 |
| Payments to acquire treasury stock | (592,700) | (396,600) | (266,700) |
| Dividends paid to stockholders | (204,000) | (148,000) | (109,100) |
| Payments to noncontrolling interest holders | (4,500) | (5,600) | (11,400) |
| Net cash flows used for financing activities | (585,100) | (313,100) | (406,100) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (18,600) | 25,300 | (13,000) |
| Net Increase in Cash and Cash Equivalents | 94,700 | 132,300 | 256,200 |
| Cash and Cash Equivalents at Beginning of Year | 1,253,000 | 1,120,700 | |
| Cash and Cash Equivalents at End of Year | 1,347,700 | 1,253,000 | 1,120,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ESTEE LAUDER COMPANIES INC | ||
Ticker: EL Fiscal Year: 2012 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending June 30, 2012 10-K (Filed: Aug 17, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| June 30, 2012 | June 30, 2011 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $ 1,347,700 | 1,253,000 |
| Accounts receivable, net | 1,060,300 | 945,600 |
| Inventory and promotional merchandise, net | 983,600 | 995,600 |
| Prepaid expenses and other current assets | 463,500 | 492,300 |
| Total current assets | 3,855,100 | 3,686,500 |
| Property, Plant and Equipment, net | 1,231,800 | 1,143,100 |
| Other Assets | ||
| Goodwill | 882,600 | 877,300 |
| Other intangible assets, net | 190,100 | 227,500 |
| Other assets | 433,400 | 339,500 |
| Total other assets | 1,506,100 | 1,444,300 |
| Total assets | 6,593,000 | 6,273,900 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Current debt | 219,000 | 138,000 |
| Accounts payable | 493,800 | 446,700 |
| Accrued income taxes | 97,200 | 62,300 |
| Other accrued liabilities | 1,315,800 | 1,296,300 |
| Total current liabilities | 2,125,800 | 1,943,300 |
| Noncurrent Liabilities | ||
| Long-term debt | 1,069,100 | 1,080,100 |
| Accrued income taxes | 106,300 | 130,000 |
| Other noncurrent liabilities | 544,300 | 473,500 |
| Total noncurrent liabilities | 1,719,700 | 1,683,600 |
| Commitments and Contingencies | ||
| Equity | ||
| Common stock, $.01 par value; 650,000,000 shares Class A authorized; shares issued: 399,491,292 at June 30, 2012 and 393,173,952 at June 30, 2011; 240,000,000 shares Class B authorized; shares issued and outstanding: 151,778,082 at June 30, 2012 and 151,964,082 at June 30, 2011 | 5,500 | 5,500 |
| Paid-in capital | 2,006,100 | 1,735,600 |
| Retained earnings | 4,764,900 | 4,113,700 |
| Accumulated other comprehensive income (loss) | (212,900) | 17,700 |
| Stockholders' equity before treasury stock | 6,563,600 | 5,872,500 |
| Less: Treasury stock, at cost; 162,371,840 Class A shares at June 30, 2012 and 150,575,090 Class A shares at June 30, 2011 | (3,830,400) | (3,243,100) |
| Total stockholders' equity - The Estee Lauder Companies Inc. | 2,733,200 | 2,629,400 |
| Noncontrolling interests | 14,300 | 17,600 |
| Total equity | 2,747,500 | 2,647,000 |
| Total liabilities and equity | 6,593,000 | 6,273,900 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |