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: 2015 | |||
CONSOLIDATED STATEMENTS OF EARNINGS | |||
Period Ending June 30, 2015 10-K (Filed: Aug 20, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| Net Sales | $ 10,780,400 | 10,968,800 | 10,181,700 |
| Cost of Sales | 2,100,600 | 2,158,200 | 2,025,900 |
| Gross Profit | 8,679,800 | 8,810,600 | 8,155,800 |
| Operating expenses | |||
| Selling, general and administrative | 7,073,500 | 6,985,900 | 6,597,000 |
| Restructuring and other charges | (2,900) | 15,100 | |
| Goodwill impairment | 9,600 | ||
| Impairment of other intangible assets | 8,100 | ||
| Total operating expenses | 7,073,500 | 6,983,000 | 6,629,800 |
| Operating Income | 1,606,300 | 1,827,600 | 1,526,000 |
| Interest expense | 60,000 | 59,400 | 63,100 |
| Interest expense on debt extinguishment | 19,100 | ||
| Interest income and investment income, net | 14,300 | 8,600 | 8,300 |
| Other income | 23,100 | ||
| Earnings before Income Taxes | 1,560,600 | 1,776,800 | 1,475,200 |
| Provision for income taxes | 467,200 | 567,700 | 451,400 |
| Net Earnings | 1,093,400 | 1,209,100 | 1,023,800 |
| Net earnings attributable to noncontrolling interests | (4,500) | (5,000) | (4,000) |
| Net Earnings Attributable to The Estee Lauder Companies Inc. | 1,088,900 | 1,204,100 | 1,019,800 |
| Net earnings attributable to The Estee Lauder Companies Inc. per common share | |||
| Basic (in dollars per share) | 2.87 | 3.12 | 2.63 |
| Diluted (in dollars per share) | 2.82 | 3.06 | 2.58 |
| Weighted-average common shares outstanding | |||
| Basic (in shares) | 379,300 | 386,200 | 387,600 |
| Diluted (in shares) | 385,700 | 393,100 | 394,900 |
| Cash dividends declared per common share (in dollars per share) | 0.92 | 0.78 | 1.08 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending June 30, 2015 10-K (Filed: Aug 20, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| Net earnings | $ 1,093,400 | 1,209,100 | 1,023,800 |
| Other comprehensive income (loss): | |||
| Net unrealized investment gain (loss) | (1,900) | 900 | 400 |
| Net derivative instrument gain (loss) | 69,600 | (29,700) | 1,200 |
| Amounts included in net periodic benefit cost | (23,800) | (13,000) | 125,900 |
| Translation adjustments | (306,000) | 87,200 | (20,100) |
| Benefit (provision) for deferred income taxes on components of other comprehensive income | (21,200) | 12,500 | (51,100) |
| Total other comprehensive income (loss) | (283,300) | 57,900 | 56,300 |
| Comprehensive income (loss) | 810,100 | 1,267,000 | 1,080,100 |
| Comprehensive (income) loss attributable to noncontrolling interests: | |||
| Net earnings | (4,500) | (5,000) | (4,000) |
| Translation adjustments | 2,100 | (700) | (900) |
| Total comprehensive (income) loss attributable to noncontrolling interests | (2,400) | (5,700) | (4,900) |
| Comprehensive income (loss) attributable to The Este Lauder Companies Inc. | 807,700 | 1,261,300 | 1,075,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2015 10-K (Filed: Aug 20, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| Cash Flows from Operating Activities | |||
| Net earnings | $ 1,093,400 | 1,209,100 | 1,023,800 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 409,300 | 384,600 | 336,900 |
| Deferred income taxes | (52,600) | (56,400) | (76,100) |
| Non-cash stock-based compensation | 165,000 | 152,600 | 145,800 |
| Excess tax benefits from stock-based compensation arrangements | (47,600) | (40,200) | (53,900) |
| Loss on disposal of property, plant and equipment | 14,500 | 13,400 | 15,200 |
| Goodwill and other intangible asset impairments | 500 | 17,700 | |
| Non-cash charges associated with restructuring activities | 3,500 | ||
| Pension and post-retirement benefit expense | 64,500 | 70,900 | 83,100 |
| Pension and post-retirement benefit contributions | (59,000) | (41,300) | (38,300) |
| Loss on Venezuela remeasurement | 5,300 | 38,300 | 2,800 |
| Change in fair value of contingent consideration | 7,300 | ||
| Other non-cash items | (5,500) | (500) | (25,900) |
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in accounts receivable, net | 103,200 | (196,200) | (113,000) |
| Increase in inventory and promotional merchandise, net | (26,200) | (156,800) | (134,500) |
| Decrease (increase) in other assets, net | 7,800 | (45,200) | (3,200) |
| Increase (decrease) in accounts payable | 146,500 | 34,000 | (8,700) |
| Increase in other accrued and noncurrent liabilities | 116,900 | 168,900 | 51,100 |
| Net cash flows provided by operating activities | 1,943,300 | 1,535,200 | 1,226,300 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (473,000) | (510,200) | (461,000) |
| Acquisition of businesses and other intangible assets, net of cash acquired | (241,000) | (9,200) | (8,700) |
| Proceeds from disposition of investments | 305,000 | 8,400 | 7,000 |
| Purchases of investments | (1,207,200) | (600) | (2,800) |
| Net cash flows used for investing activities | (1,616,200) | (511,600) | (465,500) |
| Cash Flows from Financing Activities | |||
| Proceeds (repayments) of current debt, net | 13,500 | 5,100 | (198,500) |
| Proceeds from issuance of long-term debt, net | 294,000 | 498,700 | |
| Debt issuance costs | (4,500) | (4,100) | |
| Repayments and redemptions of long-term debt | (8,300) | (11,800) | (241,500) |
| Net proceeds from stock-based compensation transactions | 101,400 | 84,800 | 91,100 |
| Excess tax benefits from stock-based compensation arrangements | 47,600 | 40,200 | 53,900 |
| Payments to acquire treasury stock | (982,800) | (667,200) | (387,700) |
| Dividends paid to stockholders | (349,900) | (301,800) | (419,200) |
| Payments to noncontrolling interest holders for dividends | (5,800) | (6,200) | (4,200) |
| Net cash flows used for financing activities | (894,800) | (856,900) | (611,500) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (40,000) | (33,300) | (1,300) |
| Net Increase (Decrease) in Cash and Cash Equivalents | (607,700) | 133,400 | 148,000 |
| Cash and Cash Equivalents at Beginning of Year | 1,629,100 | 1,495,700 | |
| Cash and Cash Equivalents at End of Year | 1,021,400 | 1,629,100 | 1,495,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ESTEE LAUDER COMPANIES INC | ||
Ticker: EL Fiscal Year: 2015 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending June 30, 2015 10-K (Filed: Aug 20, 2015) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| June 30, 2015 | June 30, 2014 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $ 1,021,400 | 1,629,100 |
| Short-term investments | 503,700 | |
| Accounts receivable, net | 1,174,500 | 1,379,300 |
| Inventory and promotional merchandise, net | 1,215,800 | 1,294,000 |
| Prepaid expenses and other current assets | 553,100 | 522,800 |
| Total current assets | 4,468,500 | 4,825,200 |
| Property, Plant and Equipment, net | 1,490,200 | 1,502,600 |
| Other Assets | ||
| Long-term investments | 420,300 | 13,600 |
| Goodwill | 1,144,800 | 893,200 |
| Other intangible assets, net | 326,600 | 157,300 |
| Other assets | 388,800 | 476,900 |
| Total other assets | 2,280,500 | 1,541,000 |
| Total assets | 8,239,200 | 7,868,800 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Current debt | 29,800 | 18,400 |
| Accounts payable | 635,400 | 524,500 |
| Other accrued liabilities | 1,470,400 | 1,513,800 |
| Total current liabilities | 2,135,600 | 2,056,700 |
| Noncurrent Liabilities | ||
| Long-term debt | 1,607,500 | 1,324,700 |
| Other noncurrent liabilities | 841,800 | 618,000 |
| Total noncurrent liabilities | 2,449,300 | 1,942,700 |
| Commitments and Contingencies | ||
| Equity | ||
| Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at June 30, 2015 and June 30, 2014; shares issued: 418,530,857 at June 30, 2015 and 412,590,913 at June 30, 2014; Class B shares authorized: 304,000,000 at June 30, 2015 and June 30, 2014; shares issued and outstanding: 147,046,137 at June 30, 2015 and 148,728,082 at June 30, 2014 | 5,700 | 5,600 |
| Paid-in capital | 2,871,600 | 2,562,700 |
| Retained earnings | 7,004,100 | 6,265,800 |
| Accumulated other comprehensive income (loss) | (381,500) | (100,300) |
| Stockholders' equity before treasury stock | 9,499,900 | 8,733,800 |
| Less: Treasury stock, at cost; 190,694,630 Class A shares at June 30, 2015 and 178,434,483 Class A shares at June 30, 2014 | (5,856,700) | (4,878,900) |
| Total stockholders' equity - The Estee Lauder Companies Inc. | 3,643,200 | 3,854,900 |
| Noncontrolling interests | 11,100 | 14,500 |
| Total equity | 3,654,300 | 3,869,400 |
| Total liabilities and equity | 8,239,200 | 7,868,800 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2015 | |
| 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 |