Cash flow Estee Lauder

Equities

EL

US5184391044

Personal Products

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85.00 ^USD	-2.20%		-8.54%	-42.13%

01:15pm	Analyst recommendations: Apple, Oracle, Progressive, Dollar Tree...
11:36am	B. Riley Initiates Estee Lauder at Neutral With $95 Price Target	MT

388b7ebd75408.jLa8Ut6j9z_3OmP11FICq8xAfzVgjCIRsGvLlVefIbk.5Mf1BavOkGagQBHF5gBkyqA6TAUp5EtZ-QC6oxv8EeDp5ORmj_LFCJ1lNg

Published financial data: ESTEE LAUDER

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	14.29B	16.22B	17.74B	15.91B	15.61B
Total Revenues	14.29B	16.22B	17.74B	15.91B	15.61B
Cost of Goods Sold, Total	3.54B	3.82B	4.3B	4.56B	4.42B
Gross Profit	10.75B	12.39B	13.43B	11.35B	11.19B
Selling General & Admin Expenses, Total	8.65B	9.34B	9.88B	9.57B	9.61B
Other Operating Expenses, Total	8.65B	9.34B	9.88B	9.57B	9.61B
Operating Income	2.1B	3.05B	3.55B	1.77B	1.58B
Interest Expense, Total	-161M	-173M	-167M	-255M	-378M
Interest And Investment Income	48M	51M	30M	131M	167M
Net Interest Expenses	-113M	-122M	-137M	-124M	-211M
Currency Exchange Gains (Loss)	23M	-	-	-	-
Other Non Operating Income (Expenses)	-	-	1M	-	-
EBT, Excl. Unusual Items	2.01B	2.92B	3.41B	1.65B	1.37B
Restructuring Charges	-83M	-214M	-133M	-58M	-116M
Merger & Related Restructuring Charges	-7M	-40M	-	-	-
Impairment of Goodwill	-812M	-54M	-	-	-291M
Gain (Loss) On Sale Of Investments	534M	847M	-	-	-
Asset Writedown	-614M	-134M	-241M	-207M	-180M
Other Unusual Items	17M	2M	-4M	12M	-9M
EBT, Incl. Unusual Items	1.05B	3.33B	3.04B	1.4B	772M
Income Tax Expense	350M	456M	628M	387M	363M
Earnings From Continuing Operations	696M	2.88B	2.41B	1.01B	409M
Net Income to Company	696M	2.88B	2.41B	1.01B	409M
Minority Interest	-12M	-5M	-18M	-4M	-19M
Net Income - (IS)	684M	2.87B	2.39B	1.01B	390M
Net Income to Common Incl Extra Items	684M	2.87B	2.39B	1.01B	390M
Net Income to Common Excl. Extra Items	684M	2.87B	2.39B	1.01B	390M
Per Share Items
Net EPS - Basic	1.9	7.91	6.64	2.81	1.09
Basic EPS - Continuing Operations	1.9	7.91	6.64	2.81	1.09
Basic Weighted Average Shares Outstanding	361M	363M	360M	358M	359M
Net EPS - Diluted	1.86	7.79	6.55	2.79	1.08
Diluted EPS - Continuing Operations	1.86	7.79	6.55	2.79	1.08
Diluted Weighted Average Shares Outstanding	367M	368M	365M	361M	361M
Normalized Basic EPS	3.45	5.02	5.88	2.87	2.33
Normalized Diluted EPS	3.39	4.95	5.8	2.85	2.32
Dividend Per Share	1.39	2.07	2.33	2.58	2.64
Payout Ratio	73.54	26.24	35.15	91.95	242.82
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	2.71B	3.7B	4.28B	2.52B	2.4B
EBITA	2.17B	3.16B	3.71B	1.92B	1.72B
EBIT	2.1B	3.05B	3.55B	1.77B	1.58B
EBITDAR	3.52B	4.49B	5.1B	3.22B	3.13B
Effective Tax Rate - (Ratio)	33.46	13.69	20.69	27.7	47.02
Current Domestic Taxes	125M	207M	244M	149M	202M
Current Foreign Taxes	368M	479M	533M	424M	426M
Total Current Taxes	493M	686M	777M	573M	628M
Deferred Domestic Taxes	-94M	-130M	-13M	-109M	-154M
Deferred Foreign Taxes	-49M	-100M	-136M	-77M	-111M
Total Deferred Taxes	-143M	-230M	-149M	-186M	-265M
Normalized Net Income	1.24B	1.82B	2.12B	1.03B	836M
Interest on Long-Term Debt	1M	-	-	-	-
Non-Cash Pension Expense	0	7M	-7M	-19M	-17M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	228M	243M	-	344M	360M
Net Rental Expense, Total	807M	790M	821M	698M	730M
Imputed Operating Lease Interest Expense	170M	129M	138M	160M	221M
Imputed Operating Lease Depreciation	637M	661M	683M	538M	509M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	215M	356M	326M	259M	312M
Total Stock-Based Compensation	215M	356M	326M	259M	312M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	5.02B	4.96B	3.96B	4.03B	3.4B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	15M	15M	24M	-	-
Total Cash And Short Term Investments	5.04B	4.97B	3.98B	4.03B	3.4B
Accounts Receivable, Total	1.19B	1.7B	1.63B	1.45B	1.73B
Total Receivables	1.19B	1.7B	1.63B	1.45B	1.73B
Inventory	2.06B	2.5B	2.92B	2.98B	2.18B
Prepaid Expenses	512M	536M	577M	581M	549M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	87M	52M	191M	98M	76M
Total Current Assets	8.89B	9.77B	9.3B	9.14B	7.92B
Gross Property Plant And Equipment	7.42B	7.81B	8.09B	8.7B	9B
Accumulated Depreciation	-3.08B	-3.34B	-3.49B	-3.73B	-4.03B
Net Property Plant And Equipment	4.34B	4.47B	4.6B	4.98B	4.97B
Long-term Investments	-	-	-	-	-
Goodwill	1.4B	2.62B	2.52B	2.49B	2.14B
Other Intangibles, Total	2.34B	4.1B	3.43B	5.6B	5.18B
Deferred Tax Assets Long-Term	44M	-	695M	860M	1.02B
Other Long-Term Assets, Total	769M	1.02B	369M	352M	442M
Total Assets	17.78B	21.97B	20.91B	23.42B	21.68B
Liabilities
Accounts Payable, Total	1.18B	1.69B	1.82B	1.67B	1.44B
Accrued Expenses, Total	2.1B	2.45B	2.58B	2.89B	2.74B
Short-term Borrowings	750M	-	-	988M	-
Current Portion of Long-Term Debt	467M	14M	373M	-	500M
Current Portion of Leases	383M	397M	375M	366M	358M
Current Income Taxes Payable	-	-	-	-	335M
Unearned Revenue Current, Total	222M	322M	312M	323M	327M
Other Current Liabilities	80M	425M	357M	-	-
Total Current Liabilities	5.18B	5.3B	5.82B	6.24B	5.7B
Long-Term Debt	4.91B	5.51B	5.13B	7.08B	7.24B
Long-Term Leases	2.28B	2.18B	1.88B	1.73B	1.73B
Unearned Revenue Non Current	-	-	-	-	233M
Pension & Other Post Retirement Benefits	440M	432M	357M	395M	339M
Deferred Tax Liability Non Current	-	849M	692M	620M	519M
Other Non Current Liabilities	1.01B	756M	602M	928M	602M
Total Liabilities	13.82B	15.02B	14.48B	17B	16.36B
Common Stock, Total	6M	6M	6M	6M	6M
Additional Paid In Capital	4.79B	5.34B	5.8B	6.15B	6.68B
Retained Earnings	10.13B	12.24B	13.91B	13.99B	13.43B
Treasury Stock	-10.33B	-11.06B	-13.36B	-13.63B	-13.66B
Comprehensive Income and Other	-665M	-470M	-762M	-934M	-1.14B
Total Common Equity	3.94B	6.06B	5.59B	5.58B	5.31B
Minority Interest	27M	891M	842M	832M	-
Total Equity	3.96B	6.95B	6.43B	6.42B	5.31B
Total Liabilities And Equity	17.78B	21.97B	20.91B	23.42B	21.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	361M	361M	357M	358M	359M
ECS Total Common Shares Outstanding	361M	362M	357M	358M	359M
Book Value / Share	10.91	16.74	15.66	15.62	14.82
Tangible Book Value	196M	-654M	-359M	-2.5B	-2.01B
Tangible Book Value Per Share	0.54	-1.81	-1.01	-7	-5.61
Total Debt	8.79B	8.1B	7.76B	10.17B	9.83B
Net Debt	3.76B	3.13B	3.78B	6.14B	6.43B
Debt Equivalent of Unfunded Proj. Benefit Obligation	177M	113M	67M	140M	114M
Debt Equivalent Oper. Leases	6.46B	6.32B	6.57B	5.58B	5.84B
Minority Interest, Total (Incl. Fin. Div)	27M	891M	842M	832M	-
Account Code - Inventory Valuation	3	5	5	5	5
Inventories - Raw Materials, Total	542M	674M	791M	876M	696M
Inventories - Work In Process, Total	305M	330M	366M	362M	308M
Inventories - Finished Goods, Total	995M	1.21B	1.45B	1.4B	903M
Inventories - Others	220M	288M	314M	337M	268M
Land - (BS)	33M	55M	53M	70M	68M
Buildings, Total	400M	524M	491M	843M	929M
Machinery, Total	2.32B	2.61B	2.59B	2.86B	3.25B
Full Time Employees	48K	44.64K	44.73K	44.02K	44.02K
Part Time Employees	-	8.06K	8.19K	8.06K	8.06K
Accumulated Allowance for Doubtful Accounts (Supple)	63M	20M	10M	16M	14M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	684M	2.87B	2.39B	1.01B	390M
Depreciation & Amortization - CF	538M	541M	567M	599M	681M
Amortization of Goodwill and Intangible Assets - (CF)	73M	110M	160M	145M	144M
Depreciation & Amortization, Total	611M	651M	727M	744M	825M
(Gain) Loss From Sale Of Asset	20M	23M	8M	13M	9M
(Gain) Loss on Sale of Investments - (CF)	-534M	-847M	-1M	-	-
Asset Writedown & Restructuring Costs	1.45B	264M	255M	243M	478M
Stock-Based Compensation (CF)	213M	327M	331M	267M	325M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-149M	-211M	-116M	-186M	-298M
Change In Accounts Receivable	625M	-398M	-10M	185M	-285M
Change In Inventories	-3M	-140M	-602M	-64M	766M
Change In Accounts Payable	-308M	440M	210M	-333M	-38M
Change in Other Net Operating Assets	-325M	652M	-152M	-144M	188M
Cash from Operations	2.28B	3.63B	3.04B	1.73B	2.36B
Capital Expenditure	-623M	-637M	-1.04B	-1B	-919M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-1.05B	-1.06B	-3M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-2.29B	-
Investment in Marketable and Equity Securities, Total	-5M	-42M	-10M	-8M	-18M
Other Investing Activities, Total	-23M	-120M	108M	80M	-23M
Cash from Investing	-1.7B	-1.86B	-945M	-3.22B	-960M
Short Term Debt Issued, Total	755M	-	-	983M	-
Long-Term Debt Issued, Total	2.48B	596M	-	2B	648M
Total Debt Issued	3.24B	596M	-	2.98B	648M
Short Term Debt Repaid, Total	-	-744M	-4M	-	-1B
Long-Term Debt Repaid, Total	-513M	-459M	-18M	-265M	-10M
Total Debt Repaid	-513M	-1.2B	-22M	-265M	-1.01B
Issuance of Common Stock	180M	215M	151M	88M	40M
Repurchase of Common Stock	-893M	-733M	-2.31B	-271M	-35M
Common Dividends Paid	-503M	-753M	-840M	-925M	-947M
Common & Preferred Stock Dividends Paid	-503M	-753M	-840M	-925M	-947M
Other Financing Activities, Total	-46M	-14M	-16M	-15M	-731M
Cash from Financing	1.46B	-1.89B	-3.04B	1.59B	-2.04B
Foreign Exchange Rate Adjustments	-8M	61M	-60M	-32M	1M
Net Change in Cash	2.04B	-64M	-1B	72M	-634M
Supplemental Items
Cash Interest Paid	153M	166M	163M	235M	359M
Cash Income Tax Paid (Refund)	537M	664M	760M	665M	550M
Levered Free Cash Flow	1.3B	2.53B	1.79B	-1.43B	1.51B
Unlevered Free Cash Flow	1.4B	2.64B	1.89B	-1.27B	1.75B
Change In Net Working Capital	117M	-368M	342M	89M	-541M
Net Debt Issued / Repaid	2.72B	-607M	-22M	2.71B	-362M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.49	9.58	10.35	5	4.38
Return on Total Capital	12.75	13.7	15.18	7.23	6.22
Return On Equity %	16.62	52.7	35.99	15.72	6.97
Return on Common Equity	16.44	57.45	41.04	18	7.16
Margin Analysis
Gross Profit Margin %	75.22	76.42	75.73	71.31	71.67
SG&A Margin	60.52	57.63	55.71	60.16	61.55
EBITDA Margin %	18.97	22.8	24.11	15.83	15.4
EBITA Margin %	15.21	19.46	20.92	12.06	11.04
EBIT Margin %	14.7	18.78	20.01	11.15	10.12
Income From Continuing Operations Margin %	4.87	17.73	13.58	6.35	2.62
Net Income Margin %	4.79	17.7	13.47	6.32	2.5
Net Avail. For Common Margin %	4.79	17.7	13.47	6.32	2.5
Normalized Net Income Margin	8.71	11.24	11.93	6.46	5.36
Levered Free Cash Flow Margin	9.08	15.63