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: 2016 | |||
CONSOLIDATED STATEMENTS OF EARNINGS | |||
Period Ending June 30, 2016 10-K (Filed: Aug 24, 2016) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Net Sales | $ 11,262,300 | 10,780,400 | 10,968,800 |
| Cost of Sales | 2,181,100 | 2,100,600 | 2,158,200 |
| Gross Profit | 9,081,200 | 8,679,800 | 8,810,600 |
| Operating expenses | |||
| Selling, general and administrative | 7,337,800 | 7,073,500 | 6,985,900 |
| Restructuring and other charges | 133,100 | (2,900) | |
| Total operating expenses | 7,470,900 | 7,073,500 | 6,983,000 |
| Operating Income | 1,610,300 | 1,606,300 | 1,827,600 |
| Interest expense | 70,700 | 60,000 | 59,400 |
| Interest income and investment income, net | 15,600 | 14,300 | 8,600 |
| Earnings before Income Taxes | 1,555,200 | 1,560,600 | 1,776,800 |
| Provision for income taxes | 434,400 | 467,200 | 567,700 |
| Net Earnings | 1,120,800 | 1,093,400 | 1,209,100 |
| Net earnings attributable to noncontrolling interests | (6,200) | (4,500) | (5,000) |
| Net Earnings Attributable to The Estee Lauder Companies Inc. | 1,114,600 | 1,088,900 | 1,204,100 |
| Net earnings attributable to The Estee Lauder Companies Inc. per common share | |||
| Basic (in dollars per share) | 3.01 | 2.87 | 3.12 |
| Diluted (in dollars per share) | 2.96 | 2.82 | 3.06 |
| Weighted-average common shares outstanding | |||
| Basic (in shares) | 370,000 | 379,300 | 386,200 |
| Diluted (in shares) | 376,600 | 385,700 | 393,100 |
| Cash dividends declared per common share (in dollars per share) | 1.14 | 0.92 | 0.78 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending June 30, 2016 10-K (Filed: Aug 24, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Net earnings | $ 1,120,800 | 1,093,400 | 1,209,100 |
| Other comprehensive income (loss): | |||
| Net unrealized investment gain (loss) | 6,700 | (1,900) | 900 |
| Net derivative instrument gain (loss) | (18,200) | 69,600 | (29,700) |
| Amounts included in net periodic benefit cost | (87,300) | (23,800) | (13,000) |
| Translation adjustments | (100,500) | (306,000) | 87,200 |
| Benefit (provision) for deferred income taxes on components of other comprehensive income | 35,800 | (21,200) | 12,500 |
| Total other comprehensive income (loss) | (163,500) | (283,300) | 57,900 |
| Comprehensive income (loss) | 957,300 | 810,100 | 1,267,000 |
| Comprehensive (income) loss attributable to noncontrolling interests: | |||
| Net earnings | (6,200) | (4,500) | (5,000) |
| Translation adjustments | 200 | 2,100 | (700) |
| Total comprehensive (income) loss attributable to noncontrolling interests | (6,000) | (2,400) | (5,700) |
| Comprehensive income (loss) attributable to The Estee Lauder Companies Inc. | 951,300 | 807,700 | 1,261,300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2016 10-K (Filed: Aug 24, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Cash Flows from Operating Activities | |||
| Net earnings | $ 1,120,800 | 1,093,400 | 1,209,100 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 414,700 | 409,300 | 384,600 |
| Deferred income taxes | (94,100) | (52,600) | (56,400) |
| Non-cash stock-based compensation | 183,500 | 165,000 | 152,600 |
| Excess tax benefits from stock-based compensation arrangements | (23,100) | (47,600) | (40,200) |
| Loss on disposal of property, plant and equipment | 17,300 | 14,500 | 13,400 |
| Goodwill and other intangible asset impairments | 500 | ||
| Non-cash restructuring and other charges | 18,600 | ||
| Pension and post-retirement benefit expense | 71,100 | 64,500 | 70,900 |
| Pension and post-retirement benefit contributions | (66,600) | (59,000) | (41,300) |
| Loss on Venezuela remeasurement | 5,300 | 38,300 | |
| Change in fair value of contingent consideration | 8,200 | 7,300 | |
| Other non-cash items | (6,700) | (5,500) | (500) |
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in accounts receivable, net | (100,900) | 103,200 | (196,200) |
| Increase in inventory and promotional merchandise, net | (69,000) | (26,200) | (156,800) |
| Decrease (increase) in other assets, net | (72,000) | 7,800 | (45,200) |
| Increase in accounts payable | 101,400 | 146,500 | 34,000 |
| Increase in other accrued and noncurrent liabilities | 285,500 | 116,900 | 168,900 |
| Net cash flows provided by operating activities | 1,788,700 | 1,943,300 | 1,535,200 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (525,300) | (473,000) | (510,200) |
| Payments for acquired businesses, net of cash acquired | (101,300) | (241,000) | (9,200) |
| Proceeds from the disposition of investments | 1,373,500 | 305,000 | 8,400 |
| Purchases of investments | (2,016,200) | (1,207,200) | (600) |
| Net cash flows used for investing activities | (1,269,300) | (1,616,200) | (511,600) |
| Cash Flows from Financing Activities | |||
| Proceeds (repayments) of current debt, net | (400) | 13,500 | 5,100 |
| Proceeds from issuance of long-term debt, net | 616,200 | 294,000 | |
| Debt issuance costs | (4,000) | (4,500) | |
| Repayments and redemptions of long-term debt | (7,600) | (8,300) | (11,800) |
| Net proceeds from stock-based compensation transactions | 84,400 | 101,400 | 84,800 |
| Excess tax benefits from stock-based compensation arrangements | 23,100 | 47,600 | 40,200 |
| Payments to acquire treasury stock | (889,900) | (982,800) | (667,200) |
| Dividends paid to stockholders | (422,500) | (349,900) | (301,800) |
| Payments to noncontrolling interest holders for dividends | (4,200) | (5,800) | (6,200) |
| Net cash flows used for financing activities | (604,900) | (894,800) | (856,900) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (21,800) | (40,000) | (33,300) |
| Net Increase (Decrease) in Cash and Cash Equivalents | (107,300) | (607,700) | 133,400 |
| Cash and Cash Equivalents at Beginning of Year | 1,021,400 | 1,629,100 | |
| Cash and Cash Equivalents at End of Year | 914,100 | 1,021,400 | 1,629,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ESTEE LAUDER COMPANIES INC | ||
Ticker: EL Fiscal Year: 2016 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending June 30, 2016 10-K (Filed: Aug 24, 2016) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| June 30, 2016 | June 30, 2015 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $ 914,100 | 1,021,400 |
| Short-term investments | 469,300 | 503,700 |
| Accounts receivable, net | 1,258,300 | 1,174,500 |
| Inventory and promotional merchandise, net | 1,263,400 | 1,215,800 |
| Prepaid expenses and other current assets | 320,000 | 268,200 |
| Total current assets | 4,225,100 | 4,183,600 |
| Property, Plant and Equipment, net | 1,583,300 | 1,490,200 |
| Other Assets | ||
| Long-term investments | 1,107,700 | 420,300 |
| Goodwill | 1,227,800 | 1,144,800 |
| Other intangible assets, net | 344,500 | 326,600 |
| Other assets | 734,900 | 661,400 |
| Total other assets | 3,414,900 | 2,553,100 |
| Total assets | 9,223,300 | 8,226,900 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Current debt | 331,500 | 29,800 |
| Accounts payable | 716,700 | 635,400 |
| Other accrued liabilities | 1,632,300 | 1,464,600 |
| Total current liabilities | 2,680,500 | 2,129,800 |
| Noncurrent Liabilities | ||
| Long-term debt | 1,910,000 | 1,595,100 |
| Other noncurrent liabilities | 1,045,500 | 847,700 |
| Total noncurrent liabilities | 2,955,500 | 2,442,800 |
| Commitments and Contingencies | ||
| Equity | ||
| Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at June 30, 2016 and June 30, 2015; shares issued: 424,109,008 at June 30, 2016 and 418,530,857 at June 30, 2015; Class B shares authorized: 304,000,000 at June 30, 2016 and June 30, 2015; shares issued and outstanding: 144,770,237 at June 30, 2016 and 147,046,137 at June 30, 2015 | 5,700 | 5,700 |
| Paid-in capital | 3,160,700 | 2,871,600 |
| Retained earnings | 7,693,300 | 7,004,100 |
| Accumulated other comprehensive loss | (544,800) | (381,500) |
| Stockholders' equity before treasury stock | 10,314,900 | 9,499,900 |
| Less: Treasury stock, at cost; 201,119,435 Class A shares at June 30, 2016 and 190,694,630 Class A shares at June 30, 2015 | (6,743,000) | (5,856,700) |
| Total stockholders' equity - The Estee Lauder Companies Inc. | 3,571,900 | 3,643,200 |
| Noncontrolling interests | 15,400 | 11,100 |
| Total equity | 3,587,300 | 3,654,300 |
| Total liabilities and equity | 9,223,300 | 8,226,900 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2016 | |
| 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 |