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: 2017 | |||
CONSOLIDATED STATEMENTS OF EARNINGS | |||
Period Ending June 30, 2017 10-K (Filed: Aug 25, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Net Sales | $ 11,824 | 11,262 | 10,780 |
| Cost of Sales | 2,437 | 2,181 | 2,100 |
| Gross Profit | 9,387 | 9,081 | 8,680 |
| Operating Expenses | |||
| Selling, general and administrative | 7,469 | 7,338 | 7,074 |
| Restructuring and other charges | 195 | 133 | |
| Goodwill impairment | 28 | ||
| Impairment of other intangible assets | 3 | ||
| Total operating expenses | 7,695 | 7,471 | 7,074 |
| Operating Income | 1,692 | 1,610 | 1,606 |
| Interest expense | 103 | 71 | 60 |
| Interest income and investment income, net | 28 | 16 | 15 |
| Earnings before Income Taxes | 1,617 | 1,555 | 1,561 |
| Provision for income taxes | 361 | 434 | 467 |
| Net Earnings | 1,256 | 1,121 | 1,094 |
| Net earnings attributable to noncontrolling interests | (7) | (6) | (5) |
| Net earnings attributable to The Estee Lauder Companies Inc. | 1,249 | 1,115 | 1,089 |
| Net earnings attributable to The Estee Lauder Companies Inc. per common share | |||
| Basic (in dollars per share) | 3.40 | 3.01 | 2.87 |
| Diluted (in dollars per share) | 3.35 | 2.96 | 2.82 |
| Weighted-average common shares outstanding | |||
| Basic (in shares) | 367,100 | 370,000 | 379,300 |
| Diluted (in shares) | 373,000 | 376,600 | 385,700 |
| Cash dividends declared per common share (in dollars per share) | 1.32 | 1.14 | 0.92 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending June 30, 2017 10-K (Filed: Aug 25, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Net earnings | $ 1,256 | 1,121 | 1,094 |
| Other comprehensive income (loss): | |||
| Net unrealized investment gain (loss) | (8) | 7 | (1) |
| Net derivative instrument gain (loss) | (54) | (18) | 70 |
| Amounts included in net periodic benefit cost | 102 | (88) | (24) |
| Translation adjustments | 32 | (101) | (306) |
| Benefit (provision) for deferred income taxes on components of other comprehensive income | (11) | 36 | (22) |
| Total other comprehensive income (loss) | 61 | (164) | (283) |
| Comprehensive income | 1,317 | 957 | 811 |
| Comprehensive (income) loss attributable to noncontrolling interests: | |||
| Net earnings | (7) | (6) | (5) |
| Translation adjustments | 2 | ||
| Total comprehensive (income) loss attributable to noncontrolling interests | (7) | (6) | (3) |
| Comprehensive income attributable to The Estee Lauder Companies Inc. | 1,310 | 951 | 808 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2017 10-K (Filed: Aug 25, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Cash Flows from Operating Activities | |||
| Net earnings | $ 1,256 | 1,121 | 1,094 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 464 | 415 | 409 |
| Deferred income taxes | (118) | (94) | (53) |
| Non-cash stock-based compensation | 219 | 184 | 165 |
| Excess tax benefits from stock-based compensation arrangements | (45) | (23) | (48) |
| Loss on disposal of property, plant and equipment | 5 | 17 | 15 |
| Goodwill and other intangible asset impairments | 31 | ||
| Noncash restructuring and other charges | 3 | 19 | |
| Pension and post-retirement benefit expense | 80 | 71 | 64 |
| Pension and post-retirement benefit contributions | (38) | (67) | (59) |
| Changes in fair value of contingent consideration | (57) | 8 | 7 |
| Other non-cash items | (21) | (7) | |
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in accounts receivable, net | (92) | (101) | 103 |
| Increase in inventory and promotional merchandise, net | (85) | (69) | (26) |
| Decrease (increase) in other assets, net | (80) | (72) | 8 |
| Increase in accounts payable | 54 | 101 | 147 |
| Increase in other accrued and noncurrent liabilities | 224 | 286 | 117 |
| Net cash flows provided by operating activities | 1,800 | 1,789 | 1,943 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (504) | (525) | (473) |
| Payments for acquired businesses, net of cash acquired | (1,681) | (101) | (241) |
| Proceeds from disposition of investments | 1,226 | 1,373 | 305 |
| Purchases of investments | (1,267) | (2,016) | (1,207) |
| Proceeds from sale of property, plant and equipment | 12 | ||
| Net cash flows used for investing activities | (2,214) | (1,269) | (1,616) |
| Cash Flows from Financing Activities | |||
| Proceeds of current debt, net | 165 | 13 | |
| Proceeds from issuance of long-term debt, net | 1,498 | 616 | 294 |
| Debt issuance costs | (11) | (4) | (4) |
| Repayments and redemptions of long-term debt | (306) | (8) | (8) |
| Net proceeds from stock-based compensation transactions | 141 | 85 | 101 |
| Excess tax benefits from stock-based compensation arrangements | 45 | 23 | 48 |
| Payments to acquire treasury stock | (413) | (890) | (983) |
| Dividends paid to stockholders | (486) | (423) | (350) |
| Payments to noncontrolling interest holders for dividends | (3) | (4) | (6) |
| Net cash flows provided by (used for) financing activities | 630 | (605) | (895) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 6 | (22) | (40) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 222 | (107) | (608) |
| Cash and Cash Equivalents at Beginning of Year | 914 | 1,021 | |
| Cash and Cash Equivalents at End of Year | 1,136 | 914 | 1,021 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ESTEE LAUDER COMPANIES INC | ||
Ticker: EL Fiscal Year: 2017 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending June 30, 2017 10-K (Filed: Aug 25, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2017 | June 30, 2016 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $ 1,136 | 914 |
| Short-term investments | 605 | 469 |
| Accounts receivable, net | 1,395 | 1,258 |
| Inventory and promotional merchandise, net | 1,479 | 1,264 |
| Prepaid expenses and other current assets | 349 | 320 |
| Total current assets | 4,964 | 4,225 |
| Property, Plant and Equipment, net | 1,671 | 1,583 |
| Other Assets | ||
| Long-term investments | 1,026 | 1,108 |
| Goodwill | 1,916 | 1,228 |
| Other intangible assets, net | 1,327 | 344 |
| Other assets | 664 | 735 |
| Total other assets | 4,933 | 3,415 |
| Total assets | 11,568 | 9,223 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Current debt | 189 | 332 |
| Accounts payable | 835 | 717 |
| Other accrued liabilities | 1,799 | 1,632 |
| Total current liabilities | 2,823 | 2,681 |
| Noncurrent Liabilities | ||
| Long-term debt | 3,383 | 1,910 |
| Other noncurrent liabilities | 960 | 1,045 |
| Total noncurrent liabilities | 4,343 | 2,955 |
| Commitments and Contingencies | ||
| Equity | ||
| Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at June 30, 2017 and June 30, 2016; shares issued: 429,968,260 at June 30, 2017 and 424,109,008 at June 30, 2016; Class B shares authorized: 304,000,000 at June 30, 2017 and June 30, 2016; shares issued and outstanding: 143,762,288 at June 30, 2017 and 144,770,237 at June 30, 2016 | 6 | 6 |
| Paid-in capital | 3,559 | 3,161 |
| Retained earnings | 8,452 | 7,693 |
| Accumulated other comprehensive loss | (484) | (545) |
| Stockholders' equity before treasury stock | 11,533 | 10,315 |
| Less: Treasury stock, at cost; 205,627,082 Class A shares at June 30, 2017 and 201,119,435 Class A shares at June 30, 2016 | (7,149) | (6,743) |
| Total stockholders' equity - The Estee Lauder Companies Inc. | 4,384 | 3,572 |
| Noncontrolling interests | 18 | 15 |
| Total equity | 4,402 | 3,587 |
| Total liabilities and equity | 11,568 | 9,223 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2017 | |
| 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 |