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: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending June 30, 2022 10-K (Filed: Aug 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2022 | June 30, 2021 | June 30, 2020 | |
| Cash flows from operating activities | |||
| Net earnings | $ 2,408 | 2,875 | 696 |
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||
| Depreciation and amortization | 727 | 651 | 611 |
| Deferred income taxes | (149) | (230) | (143) |
| Non-cash stock-based compensation | 331 | 327 | 213 |
| Net loss on disposal of property, plant and equipment | 8 | 23 | 20 |
| Non-cash restructuring and other charges | 14 | 76 | 20 |
| Pension and post-retirement benefit expense | 78 | 95 | 82 |
| Pension and post-retirement benefit contributions | (56) | (59) | (73) |
| Goodwill, other intangible and long-lived asset impairments | 241 | 188 | 1,426 |
| Changes in fair value of contingent consideration | 0 | (2) | (17) |
| Gain on previously held equity method investment | (1) | (847) | (534) |
| Other non-cash items | (7) | (20) | (10) |
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in accounts receivable, net | (10) | (398) | 625 |
| Increase in inventory and promotional merchandise | (602) | (140) | (3) |
| Decrease (increase) in other assets, net | (101) | 13 | (212) |
| Increase (decrease) in accounts payable | 210 | 440 | (308) |
| Increase (decrease) in other accrued and noncurrent liabilities | 1 | 695 | (169) |
| Increase (decrease) in operating lease assets and liabilities, net | (52) | (56) | 56 |
| Net cash flows provided by operating activities | 3,040 | 3,631 | 2,280 |
| Cash flows from investing activities | |||
| Capital expenditures | (1,040) | (637) | (623) |
| Proceeds from purchase price refund | 0 | 32 | 0 |
| Payments for acquired businesses, net of cash acquired | (3) | (1,065) | (1,047) |
| Purchases of investments | (10) | (42) | (5) |
| Settlement of net investment hedges | 108 | (152) | (23) |
| Net cash flows used for investing activities | (945) | (1,864) | (1,698) |
| Cash flows from financing activities | |||
| Proceeds (repayments) of current debt, net | (4) | (744) | 755 |
| Proceeds from issuance of long-term debt, net | 0 | 596 | 2,481 |
| Debt issuance costs | (1) | (4) | (18) |
| Repayments and redemptions of long-term debt | (18) | (459) | (513) |
| Net proceeds from stock-based compensation transactions | 151 | 215 | 180 |
| Payment for acquisition of noncontrolling interest | (15) | 0 | 0 |
| Payments to acquire treasury stock | (2,309) | (733) | (893) |
| Dividends paid to stockholders | (840) | (753) | (503) |
| Payments to noncontrolling interest holders for dividends | 0 | (8) | (10) |
| Payments of contingent consideration | 0 | (2) | (18) |
| Net cash flows provided by (used for) financing activities | (3,036) | (1,892) | 1,461 |
| Effect of exchange rate changes on Cash and cash equivalents | (60) | 61 | (8) |
| Net increase (decrease) in Cash and cash equivalents | (1,001) | (64) | 2,035 |
| Cash and cash equivalents at beginning of year | 4,958 | 5,022 | |
| Cash and cash equivalents at end of year | 3,957 | 4,958 | 5,022 |
| External Links | |
| ESTEE LAUDER COMPANIES INC (EL) Fiscal Year 2022 | |
| 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 |