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: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2020 10-K (Filed: Aug 28, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2020 | June 30, 2019 | June 30, 2018 | |
| Cash flows from operating activities | |||
| Net earnings | $ 696 | 1,794 | 1,117 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 611 | 557 | 531 |
| Deferred income taxes | (143) | (66) | 175 |
| Non-cash stock-based compensation | 213 | 243 | 236 |
| Net loss on disposal of property, plant and equipment | 20 | 17 | 15 |
| Non-cash restructuring and other charges | 20 | 0 | 1 |
| Pension and post-retirement benefit expense | 82 | 72 | 73 |
| Pension and post-retirement benefit contributions | (73) | (53) | (85) |
| Goodwill, other intangible and long-lived asset impairments | 1,426 | 90 | 0 |
| Changes in fair value of contingent consideration | (17) | (37) | (43) |
| Gain on liquidation of an investment in a foreign subsidiary, net | 0 | (71) | 0 |
| Gain on previously held equity method investment | (534) | 0 | 0 |
| Other non-cash items | (10) | (27) | (22) |
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in accounts receivable, net | 625 | (169) | (105) |
| Increase in inventory and promotional merchandise | (3) | (375) | (147) |
| Decrease (increase) in other assets, net | (212) | (62) | 1 |
| Increase (decrease) in accounts payable | (308) | 319 | 349 |
| Increase (decrease) in other accrued and noncurrent liabilities | (169) | 285 | 466 |
| Increase in operating lease assets and liabilities, net | 56 | ||
| Net cash flows provided by operating activities | 2,280 | 2,517 | 2,562 |
| Cash flows from investing activities | |||
| Capital expenditures | (623) | (744) | (629) |
| Payments for acquired businesses, net of cash acquired | (1,047) | 0 | 0 |
| Proceeds from the disposition of investments | 0 | 1,229 | 749 |
| Purchases of investments | (5) | (14) | (478) |
| Proceeds from sale of property, plant and equipment | 0 | 2 | 0 |
| Settlement of net investment hedges | (23) | 0 | 0 |
| Net cash flows provided by (used for) investing activities | (1,698) | 473 | (358) |
| Cash flows from financing activities | |||
| Proceeds (repayments) of current debt, net | 755 | (171) | (8) |
| Proceeds from issuance of long-term debt, net | 2,481 | 0 | 0 |
| Debt issuance costs | (18) | 0 | 0 |
| Repayments and redemptions of long-term debt | (513) | (1) | (2) |
| Net proceeds from stock-based compensation transactions | 180 | 192 | 182 |
| Payments to acquire treasury stock | (893) | (1,555) | (759) |
| Dividends paid to stockholders | (503) | (609) | (546) |
| Payments to noncontrolling interest holders for dividends | (10) | (6) | (4) |
| Payments of contingent consideration | (18) | (23) | (35) |
| Net cash flows provided by (used for) financing activities | 1,461 | (2,173) | (1,172) |
| Effect of exchange rate changes on Cash and cash equivalents | (8) | (11) | 13 |
| Net increase in Cash and cash equivalents | 2,035 | 806 | 1,045 |
| Cash and cash equivalents at beginning of year | 2,987 | 2,181 | |
| Cash and cash equivalents at end of year | 5,022 | 2,987 | 2,181 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2020 | |
| 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 |