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: 2013 | |||
CONSOLIDATED STATEMENTS OF EARNINGS | |||
Period Ending June 30, 2013 10-K (Filed: Aug 23, 2013) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| Net Sales | $ 10,181,700 | 9,713,600 | 8,810,000 |
| Cost of Sales | 2,025,900 | 1,995,800 | 1,936,900 |
| Gross Profit | 8,155,800 | 7,717,800 | 6,873,100 |
| Operating expenses | |||
| Selling, general and administrative | 6,597,000 | 6,324,800 | 5,696,700 |
| Restructuring and other charges | 15,100 | 59,600 | 49,000 |
| Goodwill impairment | 9,600 | 29,300 | |
| Impairment of other intangible assets | 8,100 | 21,700 | 8,700 |
| Total operating expenses | 6,629,800 | 6,406,100 | 5,783,700 |
| Operating Income | 1,526,000 | 1,311,700 | 1,089,400 |
| Interest expense, net | 54,800 | 61,100 | 63,900 |
| Interest expense on debt extinguishment | 19,100 | ||
| Other income | 23,100 | 10,500 | |
| Earnings before Income Taxes | 1,475,200 | 1,261,100 | 1,025,500 |
| Provision for income taxes | 451,400 | 400,600 | 321,700 |
| Net Earnings | 1,023,800 | 860,500 | 703,800 |
| Net earnings attributable to noncontrolling interests | (4,000) | (3,600) | (3,000) |
| Net Earnings Attributable to The Estee Lauder Companies Inc. | 1,019,800 | 856,900 | 700,800 |
| Net earnings attributable to The Estee Lauder Companies Inc. per common share | |||
| Basic (in dollars per share) | 2.63 | 2.20 | 1.78 |
| Diluted (in dollars per share) | 2.58 | 2.16 | 1.74 |
| Weighted-average common shares outstanding | |||
| Basic (in shares) | 387,600 | 388,700 | 394,000 |
| Diluted (in shares) | 394,900 | 397,000 | 402,400 |
| Cash dividends declared per common share (in dollars per share) | 1.08 | 0.53 | 0.38 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending June 30, 2013 10-K (Filed: Aug 23, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| Net earnings | $ 1,023,800 | 860,500 | 703,800 |
| Other comprehensive income (loss): | |||
| Net unrealized investment gain (loss) | 400 | 100 | 400 |
| Net derivative instrument gain (loss) | 1,200 | 28,200 | (23,200) |
| Amounts included in net periodic benefit cost | 125,900 | (155,900) | 49,500 |
| Translation adjustments | (20,100) | (151,600) | 200,000 |
| Benefit (provision) for deferred income taxes on components of other comprehensive income | (51,100) | 46,000 | (9,100) |
| Total other comprehensive income (loss) | 56,300 | (233,200) | 217,600 |
| Comprehensive income (loss) | 1,080,100 | 627,300 | 921,400 |
| Comprehensive (income) loss attributable to noncontrolling interests: | |||
| Net earnings | (4,000) | (3,600) | (3,000) |
| Translation adjustments | (900) | 2,600 | (3,200) |
| Total comprehensive (income) loss attributable to noncontrolling interests | (4,900) | (1,000) | (6,200) |
| Comprehensive income (loss) attributable to The Estee Lauder Companies Inc. | 1,075,200 | 626,300 | 915,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2013 10-K (Filed: Aug 23, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| Cash Flows from Operating Activities | |||
| Net earnings | $ 1,023,800 | 860,500 | 703,800 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 336,900 | 295,800 | 294,400 |
| Deferred income taxes | (76,100) | (22,100) | (24,500) |
| Non-cash stock-based compensation | 145,800 | 124,700 | 94,800 |
| Excess tax benefits from stock-based compensation arrangements | (53,900) | (57,800) | (49,700) |
| Loss on disposal of property, plant and equipment | 15,200 | 12,700 | 7,700 |
| Goodwill and other intangible asset impairments | 17,700 | 21,700 | 38,000 |
| Non-cash charges associated with restructuring activities | 3,500 | 3,500 | 9,400 |
| Pension and post-retirement benefit expense | 83,100 | 68,500 | 78,500 |
| Pension and post-retirement benefit contributions | (38,300) | (126,900) | (92,400) |
| Other non-cash items | (23,100) | 3,700 | 600 |
| Changes in operating assets and liabilities: | |||
| Increase in accounts receivable, net | (113,000) | (178,400) | (124,700) |
| Increase in inventory and promotional merchandise, net | (134,500) | (41,200) | (95,100) |
| Increase in other assets, net | (3,200) | (63,100) | (52,500) |
| Increase (decrease) in accounts payable | (8,700) | 68,300 | (17,000) |
| Increase in accrued income taxes | 34,000 | 96,600 | 103,100 |
| Increase in other liabilities | 17,100 | 60,200 | 152,600 |
| Net cash flows provided by operating activities | 1,226,300 | 1,126,700 | 1,027,000 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (461,000) | (420,700) | (351,000) |
| Acquisition of businesses and other intangible assets, net of cash acquired | (8,700) | (7,600) | (256,100) |
| Proceeds from the disposition of long-term investments | 7,000 | 200 | |
| Purchases of long-term investments | (2,800) | ||
| Net cash flows used for investing activities | (465,500) | (428,300) | (606,900) |
| Cash Flows from Financing Activities | |||
| Borrowings (repayments) of current debt, net | (198,500) | 197,400 | 400 |
| Proceeds from issuance of long-term debt, net | 498,700 | ||
| Debt issuance costs | (4,100) | (1,100) | |
| Repayments and redemptions of long-term debt | (241,500) | (128,800) | (16,500) |
| Net settlement of interest rate derivatives | 47,400 | ||
| Net proceeds from stock-based compensation transactions | 91,100 | 90,800 | 156,100 |
| Excess tax benefits from stock-based compensation arrangements | 53,900 | 57,800 | 49,700 |
| Payments to acquire treasury stock | (387,700) | (592,700) | (396,600) |
| Dividends paid to stockholders | (419,200) | (204,000) | (148,000) |
| Payments to noncontrolling interest holders for dividends | (4,200) | (4,500) | (5,600) |
| Net cash flows used for financing activities | (611,500) | (585,100) | (313,100) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (1,300) | (18,600) | 25,300 |
| Net Increase in Cash and Cash Equivalents | 148,000 | 94,700 | 132,300 |
| Cash and Cash Equivalents at Beginning of Year | 1,347,700 | 1,253,000 | |
| Cash and Cash Equivalents at End of Year | 1,495,700 | 1,347,700 | 1,253,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ESTEE LAUDER COMPANIES INC | ||
Ticker: EL Fiscal Year: 2013 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending June 30, 2013 10-K (Filed: Aug 23, 2013) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| June 30, 2013 | June 30, 2012 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $ 1,495,700 | 1,347,700 |
| Accounts receivable, net | 1,171,700 | 1,060,300 |
| Inventory and promotional merchandise, net | 1,113,900 | 983,600 |
| Prepaid expenses and other current assets | 515,900 | 463,500 |
| Total current assets | 4,297,200 | 3,855,100 |
| Property, Plant and Equipment, net | 1,350,700 | 1,231,800 |
| Other Assets | ||
| Goodwill | 881,500 | 882,600 |
| Other intangible assets, net | 169,600 | 190,100 |
| Other assets | 446,200 | 433,400 |
| Total other assets | 1,497,300 | 1,506,100 |
| Total assets | 7,145,200 | 6,593,000 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Current debt | 18,300 | 219,000 |
| Accounts payable | 481,700 | 493,800 |
| Accrued income taxes | 81,300 | 97,200 |
| Other accrued liabilities | 1,353,300 | 1,315,800 |
| Total current liabilities | 1,934,600 | 2,125,800 |
| Noncurrent Liabilities | ||
| Long-term debt | 1,326,000 | 1,069,100 |
| Accrued income taxes | 80,600 | 106,300 |
| Other noncurrent liabilities | 502,100 | 544,300 |
| Total noncurrent liabilities | 1,908,700 | 1,719,700 |
| Commitments and Contingencies | ||
| Equity | ||
| Common stock, $.01 par value; Class A authorized: 1,300,000,000 at June 30, 2013 and 650,000,000 at June 30, 2012; shares issued: 407,988,891 at June 30, 2013 and 399,491,292 at June 30, 2012; Class B authorized: 304,000,000 at June 30, 2013 and 240,000,000 at June 30, 2012; shares issued and outstanding: 148,978,082 at June 30, 2013 and 151,778,082 at June 30, 2012 | 5,600 | 5,500 |
| Paid-in capital | 2,289,900 | 2,006,100 |
| Retained earnings | 5,364,100 | 4,764,900 |
| Accumulated other comprehensive income (loss) | (157,500) | (212,900) |
| Stockholders' equity before treasury stock | 7,502,100 | 6,563,600 |
| Less: Treasury stock, at cost; 168,972,698 Class A shares at June 30, 2013 and 162,371,840 Class A shares at June 30, 2012 | (4,215,200) | (3,830,400) |
| Total stockholders' equity - The Estee Lauder Companies Inc. | 3,286,900 | 2,733,200 |
| Noncontrolling interests | 15,000 | 14,300 |
| Total equity | 3,301,900 | 2,747,500 |
| Total liabilities and equity | 7,145,200 | 6,593,000 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2013 | |
| 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 |