10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||
| ||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ESTEE LAUDER COMPANIES INC | |||
Ticker: EL Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2014 10-K (Filed: Aug 20, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2014 | June 30, 2013 | June 30, 2012 | |
| Cash Flows from Operating Activities | |||
| Net earnings | $ 1,209,100 | 1,023,800 | 860,500 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 384,600 | 336,900 | 295,800 |
| Deferred income taxes | (56,400) | (76,100) | (22,100) |
| Non-cash stock-based compensation | 152,600 | 145,800 | 124,700 |
| Excess tax benefits from stock-based compensation arrangements | (40,200) | (53,900) | (57,800) |
| Loss on disposal of property, plant and equipment | 13,400 | 15,200 | 12,700 |
| Goodwill and other intangible asset impairments | 17,700 | 21,700 | |
| Non-cash charges associated with restructuring activities | 3,500 | 3,500 | |
| Pension and post-retirement benefit expense | 70,900 | 83,100 | 68,500 |
| Pension and post-retirement benefit contributions | (41,300) | (38,300) | (126,900) |
| Loss on Venezuela remeasurement | 38,300 | 2,800 | |
| Other non-cash items | (500) | (25,900) | 3,700 |
| Changes in operating assets and liabilities: | |||
| Increase in accounts receivable, net | (196,200) | (113,000) | (178,400) |
| Increase in inventory and promotional merchandise, net | (156,800) | (134,500) | (41,200) |
| Increase in other assets, net | (45,200) | (3,200) | (63,100) |
| Increase (decrease) in accounts payable | 34,000 | (8,700) | 68,300 |
| Increase in other accrued and noncurrent liabilities | 168,900 | 51,100 | 156,800 |
| Net cash flows provided by operating activities | 1,535,200 | 1,226,300 | 1,126,700 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (510,200) | (461,000) | (420,700) |
| Acquisition of businesses and other intangible assets, net of cash acquired | (9,200) | (8,700) | (7,600) |
| Proceeds from the disposition of long-term investments | 8,400 | 7,000 | |
| Purchases of long-term investments | (600) | (2,800) | |
| Net cash flows used for investing activities | (511,600) | (465,500) | (428,300) |
| Cash Flows from Financing Activities | |||
| Borrowings (repayments) of current debt, net | 5,100 | (198,500) | 197,400 |
| Proceeds from issuance of long-term debt, net | 498,700 | ||
| Debt issuance costs | (4,100) | (1,100) | |
| Repayments and redemptions of long-term debt | (11,800) | (241,500) | (128,800) |
| Net proceeds from stock-based compensation transactions | 84,800 | 91,100 | 90,800 |
| Excess tax benefits from stock-based compensation arrangements | 40,200 | 53,900 | 57,800 |
| Payments to acquire treasury stock | (667,200) | (387,700) | (592,700) |
| Dividends paid to stockholders | (301,800) | (419,200) | (204,000) |
| Payments to noncontrolling interest holders for dividends | (6,200) | (4,200) | (4,500) |
| Net cash flows used for financing activities | (856,900) | (611,500) | (585,100) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (33,300) | (1,300) | (18,600) |
| Net Increase in Cash and Cash Equivalents | 133,400 | 148,000 | 94,700 |
| Cash and Cash Equivalents at Beginning of Year | 1,495,700 | 1,347,700 | |
| Cash and Cash Equivalents at End of Year | 1,629,100 | 1,495,700 | 1,347,700 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2014 | |
| 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 |