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: 2018 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2018 10-K (Filed: Aug 24, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2018 | June 30, 2017 | June 30, 2016 | |
| Cash Flows from Operating Activities | |||
| Net earnings | $ 1,117 | 1,256 | 1,121 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 531 | 464 | 415 |
| Deferred income taxes | 175 | (118) | (94) |
| Non-cash stock-based compensation | 236 | 219 | 184 |
| Excess tax benefits from stock-based compensation arrangements | (45) | (23) | |
| Loss on disposal of property, plant and equipment | 15 | 5 | 17 |
| Goodwill and other intangible asset impairments | 31 | ||
| Non-cash restructuring and other charges | 1 | 3 | 19 |
| Pension and post-retirement benefit expense | 73 | 80 | 71 |
| Pension and post-retirement benefit contributions | (85) | (38) | (67) |
| Changes in fair value of contingent consideration | (43) | (57) | 8 |
| Other non-cash items | (22) | (21) | (7) |
| Changes in operating assets and liabilities: | |||
| Increase in accounts receivable, net | (105) | (92) | (101) |
| Increase in inventory and promotional merchandise, net | (147) | (85) | (69) |
| Decrease (increase) in other assets, net | 12 | (80) | (72) |
| Increase in accounts payable | 349 | 54 | 101 |
| Increase in other accrued and noncurrent liabilities | 466 | 224 | 286 |
| Net cash flows provided by operating activities | 2,573 | 1,800 | 1,789 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (629) | (504) | (525) |
| Payments for acquired businesses, net of cash acquired | (11) | (1,681) | (101) |
| Proceeds from the disposition of investments | 749 | 1,226 | 1,373 |
| Purchases of investments | (478) | (1,267) | (2,016) |
| Proceeds from sale of property, plant and equipment | 12 | ||
| Net cash flows used for investing activities | (369) | (2,214) | (1,269) |
| Cash Flows from Financing Activities | |||
| Proceeds (repayments) of current debt, net | (8) | 165 | |
| Proceeds from issuance of long-term debt, net | 1,498 | 616 | |
| Debt issuance costs | (11) | (4) | |
| Repayments and redemptions of long-term debt | (2) | (306) | (8) |
| Net proceeds from stock-based compensation transactions | 182 | 141 | 85 |
| Excess tax benefits from stock-based compensation arrangements | 45 | 23 | |
| Payments to acquire treasury stock | (759) | (413) | (890) |
| Dividends paid to stockholders | (546) | (486) | (423) |
| Payments to noncontrolling interest holders for dividends | (4) | (3) | (4) |
| Payments of contingent consideration | (35) | ||
| Net cash flows provided by (used for) financing activities | (1,172) | 630 | (605) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 13 | 6 | (22) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 1,045 | 222 | (107) |
| Cash and Cash Equivalents at Beginning of Year | 1,136 | 914 | |
| Cash and Cash Equivalents at End of Year | 2,181 | 1,136 | 914 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2018 | |
| 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 |