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 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 |
| 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 |