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 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 |
| 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 |