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 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 |
| 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 |