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10-Q Filing

ESTEE LAUDER COMPANIES INC CIK: 1001250 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001001250-20-000107
Period End Date 20200930
Filing Date 20201102
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance el-20200930_htm.xml
Filing Contents
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.02B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.27B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.99B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.26B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.19B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.81B USD Point-in-time
Inventory and promotional merchandise InventoryNet $2.20B USD Point-in-time
Inventory and promotional merchandise InventoryNet $2.06B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $512.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $614.00M USD Point-in-time
Total current assets AssetsCurrent $8.79B USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total current assets AssetsCurrent $8.89B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.06B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.08B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $2.28B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $2.32B USD Point-in-time
Treasury stock, shares TreasuryStockShares 226.64M shares Point-in-time
Goodwill Goodwill $1.42B USD Point-in-time
Treasury stock, shares TreasuryStockShares 226.73M shares Point-in-time
Goodwill Goodwill $1.40B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.34B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.36B USD Point-in-time
Other assets OtherAssetsNoncurrent $930.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $813.00M USD Point-in-time
Total other assets TotalOtherAssets $7.03B USD Point-in-time
Total other assets TotalOtherAssets $6.83B USD Point-in-time
Total assets Assets $17.90B USD Point-in-time
Total assets Assets $17.78B USD Point-in-time
Current debt CurrentDebt $473.00M USD Point-in-time
Current debt CurrentDebt $1.22B USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $1.18B USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $1.18B USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $375.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $399.00M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $2.69B USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $2.40B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.74B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.18B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $4.91B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $4.91B USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $2.28B USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $2.31B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.46B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.45B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $8.68B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $8.64B USD Point-in-time
Contingencies CommitmentsAndContingencies - USD Point-in-time
Contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at September 30, 2020 and June 30, 2020; shares issued: 453,152,184 at September 30, 2020 and 451,927,441 at June 30, 2020; Class B shares authorized: 304,000,000 at September 30, 2020 and June 30, 2020; shares issued and outstanding: 135,067,429 at September 30, 2020 and 135,235,429 at June 30, 2020 CommonStockValue $6.00M USD Point-in-time
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at September 30, 2020 and June 30, 2020; shares issued: 453,152,184 at September 30, 2020 and 451,927,441 at June 30, 2020; Class B shares authorized: 304,000,000 at September 30, 2020 and June 30, 2020; shares issued and outstanding: 135,067,429 at September 30, 2020 and 135,235,429 at June 30, 2020 CommonStockValue $6.00M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $4.79B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $4.91B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.13B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.48B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-594.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-665.00M USD Point-in-time
Stockholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $14.27B USD Point-in-time
Stockholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $14.80B USD Point-in-time
Less: Treasury stock, at cost; 226,727,480 Class A shares at September 30, 2020 and 226,637,238 Class A shares at June 30, 2020 TreasuryStockValue $10.33B USD Point-in-time
Less: Treasury stock, at cost; 226,727,480 Class A shares at September 30, 2020 and 226,637,238 Class A shares at June 30, 2020 TreasuryStockValue $10.35B USD Point-in-time
Total stockholders equity The Estee Lauder Companies Inc. StockholdersEquity $4.45B USD Point-in-time
Total stockholders equity The Estee Lauder Companies Inc. StockholdersEquity $3.94B USD Point-in-time
Noncontrolling interests MinorityInterest $27.00M USD Point-in-time
Noncontrolling interests MinorityInterest $29.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.56B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.48B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.96B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $17.90B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $17.78B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.56B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.90B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $908.00M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $825.00M USD 1 Quarter
Gross profit GrossProfit $2.99B USD 1 Quarter
Gross profit GrossProfit $2.74B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $2.19B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $2.03B USD 1 Quarter
Restructuring and other charges RestructuringAndRelatedCostIncurredCost $6.00M USD 1 Quarter
Restructuring and other charges RestructuringAndRelatedCostIncurredCost $23.00M USD 1 Quarter
Total operating expenses OperatingExpenses $2.21B USD 1 Quarter
Total operating expenses OperatingExpenses $2.03B USD 1 Quarter
Operating income OperatingIncomeLoss $779.00M USD 1 Quarter
Operating income OperatingIncomeLoss $705.00M USD 1 Quarter
Interest expense InterestExpense $32.00M USD 1 Quarter
Interest expense InterestExpense $45.00M USD 1 Quarter
Interest income and investment income, net InvestmentIncomeNet $14.00M USD 1 Quarter
Interest income and investment income, net InvestmentIncomeNet $14.00M USD 1 Quarter
Other components of net periodic benefit cost DefinedBenefitPlanOtherCosts $3.00M USD 1 Quarter
Other components of net periodic benefit cost DefinedBenefitPlanOtherCosts $1.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $760.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $671.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $146.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $162.00M USD 1 Quarter
Net earnings ProfitLoss $525.00M USD 1 Quarter
Net earnings ProfitLoss $598.00M USD 1 Quarter
Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Net earnings attributable to The Estee Lauder Companies Inc. NetIncomeLossAvailableToCommonStockholdersBasic $523.00M USD 1 Quarter
Net earnings attributable to The Estee Lauder Companies Inc. NetIncomeLossAvailableToCommonStockholdersBasic $595.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.44 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.65 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.61 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.42 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 361.40M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 362.10M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 367.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 368.60M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $525.00M USD 1 Quarter
Net earnings ProfitLoss $598.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $156.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $143.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-39.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $11.00M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $64.00M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $56.00M USD 1 Quarter
Net loss on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-2.00M USD 1 Quarter
Net loss on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-2.00M USD 1 Quarter
Pension and post-retirement benefit expense PensionAndOtherPostretirementBenefitExpense $21.00M USD 1 Quarter
Pension and post-retirement benefit expense PensionAndOtherPostretirementBenefitExpense $23.00M USD 1 Quarter
Pension and post-retirement benefit contributions PaymentOfPensionAndOtherPostretirementBenefitContributions $7.00M USD 1 Quarter
Pension and post-retirement benefit contributions PaymentOfPensionAndOtherPostretirementBenefitContributions $9.00M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $10.00M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $2.00M USD 1 Quarter
Increase in accounts receivable, net IncreaseDecreaseInAccountsReceivable $607.00M USD 1 Quarter
Increase in accounts receivable, net IncreaseDecreaseInAccountsReceivable $487.00M USD 1 Quarter
Increase in inventory and promotional merchandise IncreaseDecreaseInInventories $83.00M USD 1 Quarter
Increase in inventory and promotional merchandise IncreaseDecreaseInInventories $94.00M USD 1 Quarter
Decrease (increase) in other assets, net IncreaseDecreaseInOtherOperatingAssets $-39.00M USD 1 Quarter
Decrease (increase) in other assets, net IncreaseDecreaseInOtherOperatingAssets $48.00M USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayableTrade $-400.00M USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayableTrade $-21.00M USD 1 Quarter
Increase in other accrued and noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $316.00M USD 1 Quarter
Increase in other accrued and noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $31.00M USD 1 Quarter
Increase (decrease) in operating lease assets and liabilities, net IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet $-3.00M USD 1 Quarter
Increase (decrease) in operating lease assets and liabilities, net IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet $11.00M USD 1 Quarter
Net cash flows provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-170.00M USD 1 Quarter
Net cash flows provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $358.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $125.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $116.00M USD 1 Quarter
Proceeds from purchase price refund ProceedsFromPurchasePriceRefund $32.00M USD 1 Quarter
Proceeds from purchase price refund ProceedsFromPurchasePriceRefund - USD 1 Quarter
Payment for acquired business PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Payment for acquired business PaymentsToAcquireBusinessesNetOfCashAcquired $6.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $5.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $40.00M USD 1 Quarter
Settlement of net investment hedges PaymentsForProceedsFromHedgeInvestingActivities $112.00M USD 1 Quarter
Settlement of net investment hedges PaymentsForProceedsFromHedgeInvestingActivities $-2.00M USD 1 Quarter
Net cash flows used for investing activities NetCashProvidedByUsedInInvestingActivities $-242.00M USD 1 Quarter
Net cash flows used for investing activities NetCashProvidedByUsedInInvestingActivities $-128.00M USD 1 Quarter
Proceeds (repayments) of current debt, net ProceedsFromRepaymentsOfShortTermDebt $-747.00M USD 1 Quarter
Proceeds (repayments) of current debt, net ProceedsFromRepaymentsOfShortTermDebt $5.00M USD 1 Quarter
Repayments and redemptions of long-term debt RepaymentsOfLongTermDebt $2.00M USD 1 Quarter
Repayments and redemptions of long-term debt RepaymentsOfLongTermDebt $5.00M USD 1 Quarter
Net proceeds from stock-based compensation transactions ProceedsFromStockOptionsExercised $55.00M USD 1 Quarter
Net proceeds from stock-based compensation transactions ProceedsFromStockOptionsExercised $58.00M USD 1 Quarter
Payments to acquire treasury stock PaymentsForRepurchaseOfCommonStock $25.00M USD 1 Quarter
Payments to acquire treasury stock PaymentsForRepurchaseOfCommonStock $313.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $156.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $174.00M USD 1 Quarter
Payments to noncontrolling interest holders for dividends PaymentsOfDividendsMinorityInterest - USD 1 Quarter
Payments to noncontrolling interest holders for dividends PaymentsOfDividendsMinorityInterest $2.00M USD 1 Quarter
Net cash flows used for financing activities NetCashProvidedByUsedInFinancingActivities $-416.00M USD 1 Quarter
Net cash flows used for financing activities NetCashProvidedByUsedInFinancingActivities $-890.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-14.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $19.00M USD 1 Quarter
Net decrease in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-755.00M USD 1 Quarter
Net decrease in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-728.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.02B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.27B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.99B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.26B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.02B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.27B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.99B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.26B USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $525.00M USD 1 Quarter
Net earnings ProfitLoss $598.00M USD 1 Quarter
Net cash flow hedge loss OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax $-31.00M USD 1 Quarter
Net cash flow hedge loss OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax $-2.00M USD 1 Quarter
Amounts included in net periodic benefit cost OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-6.00M USD 1 Quarter
Amounts included in net periodic benefit cost OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-5.00M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $78.00M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-70.00M USD 1 Quarter
Benefit for deferred income taxes on components of other comprehensive income OtherComprehensiveIncomeLossTax $-3.00M USD 1 Quarter
Benefit for deferred income taxes on components of other comprehensive income OtherComprehensiveIncomeLossTax $-18.00M USD 1 Quarter
Total other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTax $-64.00M USD 1 Quarter
Total other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTax $71.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $534.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $596.00M USD 1 Quarter
Net earnings NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Net earnings NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Comprehensive income attributable to The Estee Lauder Companies Inc. ComprehensiveIncomeNetOfTax $531.00M USD 1 Quarter
Comprehensive income attributable to The Estee Lauder Companies Inc. ComprehensiveIncomeNetOfTax $594.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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