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: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2019 10-K (Filed: Aug 23, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2019 | June 30, 2018 | June 30, 2017 | |
| Cash flows from operating activities | |||
| Net earnings | $ 1,794 | 1,117 | 1,256 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 557 | 531 | 464 |
| Deferred income taxes | (66) | 175 | (118) |
| Non-cash stock-based compensation | 243 | 236 | 219 |
| Excess tax benefits from stock-based compensation arrangements | (45) | ||
| Net loss on disposal of property, plant and equipment | 17 | 15 | 5 |
| Non-cash restructuring and other charges | 1 | 3 | |
| Pension and post-retirement benefit expense | 72 | 73 | 80 |
| Pension and post-retirement benefit contributions | (53) | (85) | (38) |
| Goodwill and other intangible assets impairments | 90 | 31 | |
| Changes in fair value of contingent consideration | (37) | (43) | (57) |
| Gain on liquidation of an investment in a foreign subsidiary, net | (71) | ||
| Other non-cash items | (27) | (22) | (21) |
| Changes in operating assets and liabilities: | |||
| Increase in accounts receivable, net | (169) | (105) | (92) |
| Increase in inventory and promotional merchandise, net | (375) | (147) | (85) |
| Decrease (increase) in other assets, net | (62) | 1 | (90) |
| Increase in accounts payable | 319 | 349 | 54 |
| Increase in other accrued and noncurrent liabilities | 285 | 466 | 224 |
| Net cash flows provided by operating activities | 2,517 | 2,562 | 1,790 |
| Cash flows from investing activities | |||
| Capital expenditures | (744) | (629) | (504) |
| Payments for acquired businesses, net of cash acquired | (1,671) | ||
| Proceeds from the disposition of investments | 1,229 | 749 | 1,226 |
| Purchases of investments | (14) | (478) | (1,267) |
| Proceeds from sale of property, plant and equipment | 2 | 12 | |
| Net cash flows provided by (used for) investing activities | 473 | (358) | (2,204) |
| Cash flows from financing activities | |||
| Proceeds (repayments) of current debt, net | (171) | (8) | 165 |
| Proceeds from issuance of long-term debt, net | 1,498 | ||
| Debt issuance costs | (11) | ||
| Repayments and redemptions of long-term debt | (1) | (2) | (306) |
| Net proceeds from stock-based compensation transactions | 192 | 182 | 141 |
| Excess tax benefits from stock-based compensation arrangements | 45 | ||
| Payments to acquire treasury stock | (1,555) | (759) | (413) |
| Dividends paid to stockholders | (609) | (546) | (486) |
| Payments to noncontrolling interest holders for dividends | (6) | (4) | (3) |
| Payments of contingent consideration | (23) | (35) | |
| Net cash flows provided by (used for) financing activities | (2,173) | (1,172) | 630 |
| Effect of exchange rate changes on Cash and cash equivalents | (11) | 13 | 6 |
| Net increase in Cash and cash equivalents | 806 | 1,045 | 222 |
| Cash and cash equivalents at beginning of year | 2,181 | 1,136 | |
| Cash and cash equivalents at end of year | 2,987 | 2,181 | 1,136 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2019 | |
| 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 |