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 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 |
| 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 |