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10-Q Filing

ESTEE LAUDER COMPANIES INC CIK: 1001250 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001001250-22-000182
Period End Date 20220930
Filing Date 20221102
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance el-20220930_htm.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.96B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.96B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.00B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.63B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $2.16B USD Point-in-time
Inventory and promotional merchandise InventoryNet $3.02B USD Point-in-time
Inventory and promotional merchandise InventoryNet $2.92B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $754.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $792.00M USD Point-in-time
Total current assets AssetsCurrent $9.30B 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 $8.87B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.65B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.65B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $1.95B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $1.86B USD Point-in-time
Goodwill Goodwill $2.42B USD Point-in-time
Treasury stock, shares TreasuryStockShares 236.44M shares Point-in-time
Treasury stock, shares TreasuryStockShares 236.87M shares Point-in-time
Goodwill Goodwill $2.52B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.19B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.43B USD Point-in-time
Other assets OtherAssetsNoncurrent $1.01B USD Point-in-time
Other assets OtherAssetsNoncurrent $1.06B USD Point-in-time
Total other assets TotalOtherAssets $8.96B USD Point-in-time
Total other assets TotalOtherAssets $8.47B USD Point-in-time
Total assets Assets $20.91B USD Point-in-time
Total assets Assets $19.99B USD Point-in-time
Current debt NotesAndLoansPayableCurrent $266.00M USD Point-in-time
Current debt NotesAndLoansPayableCurrent $268.00M USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $1.39B USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $1.82B USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $340.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $365.00M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $3.36B USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $3.27B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.82B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.27B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $5.11B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $5.14B USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $1.87B USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $1.78B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.50B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.65B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $8.66B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $8.39B USD Point-in-time
Contingencies CommitmentsAndContingencies - USD Point-in-time
Contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable Noncontrolling Interest RedeemableNoncontrollingInterestEquityCarryingAmount $842.00M USD Point-in-time
Redeemable Noncontrolling Interest RedeemableNoncontrollingInterestEquityCarryingAmount $808.00M USD Point-in-time
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at September 30, 2022 and June 30, 2022; shares issued: 468,356,871 at September 30, 2022 and 467,949,351 at June 30, 2022; Class B shares authorized: 304,000,000 at September 30, 2022 and June 30, 2022; shares issued and outstanding: 125,542,029 at September 30, 2022 and 125,542,029 at June 30, 2022 CommonStockValue $6.00M USD Point-in-time
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at September 30, 2022 and June 30, 2022; shares issued: 468,356,871 at September 30, 2022 and 467,949,351 at June 30, 2022; Class B shares authorized: 304,000,000 at September 30, 2022 and June 30, 2022; shares issued and outstanding: 125,542,029 at September 30, 2022 and 125,542,029 at June 30, 2022 CommonStockValue $6.00M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $5.80B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $5.88B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $13.91B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $14.19B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.08B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-762.00M USD Point-in-time
Stockholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $18.95B USD Point-in-time
Stockholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $18.99B USD Point-in-time
Less: Treasury stock, at cost; 236,867,993 Class A shares at September 30, 2022 and 236,435,830 Class A shares at June 30, 2022 TreasuryStockValue $13.47B USD Point-in-time
Less: Treasury stock, at cost; 236,867,993 Class A shares at September 30, 2022 and 236,435,830 Class A shares at June 30, 2022 TreasuryStockValue $13.36B USD Point-in-time
Total stockholders equity The Estee Lauder Companies Inc. StockholdersEquity $5.59B USD Point-in-time
Total stockholders equity The Estee Lauder Companies Inc. StockholdersEquity $5.52B USD Point-in-time
Total liabilities, redeemable noncontrolling interest and equity LiabilitiesAndStockholdersEquity $20.91B USD Point-in-time
Total liabilities, redeemable noncontrolling interest and equity LiabilitiesAndStockholdersEquity $19.99B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.39B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.93B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.06B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.02B USD 1 Quarter
Gross profit GrossProfit $2.91B USD 1 Quarter
Gross profit GrossProfit $3.33B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $2.39B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $2.24B USD 1 Quarter
Restructuring and other charges RestructuringAndRelatedCostIncurredCost $6.00M USD 1 Quarter
Restructuring and other charges RestructuringAndRelatedCostIncurredCost $2.00M USD 1 Quarter
Total operating expenses OperatingExpenses $2.25B USD 1 Quarter
Total operating expenses OperatingExpenses $2.40B USD 1 Quarter
Operating income OperatingIncomeLoss $661.00M USD 1 Quarter
Operating income OperatingIncomeLoss $935.00M USD 1 Quarter
Interest expense InterestExpense $42.00M USD 1 Quarter
Interest expense InterestExpense $46.00M USD 1 Quarter
Interest income and investment income, net InvestmentIncomeNet $4.00M USD 1 Quarter
Interest income and investment income, net InvestmentIncomeNet $15.00M 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
Other income OtherIncome - USD 1 Quarter
Other income OtherIncome $1.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $633.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $897.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $143.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $202.00M USD 1 Quarter
Net earnings ProfitLoss $490.00M USD 1 Quarter
Net earnings ProfitLoss $695.00M USD 1 Quarter
Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest - USD 1 Quarter
Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $1.00M USD 1 Quarter
Net earnings attributable to redeemable noncontrolling interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest $2.00M USD 1 Quarter
Net earnings attributable to redeemable noncontrolling interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest $1.00M USD 1 Quarter
Net earnings attributable to The Estee Lauder Companies Inc. NetIncomeLossAvailableToCommonStockholdersBasic $692.00M USD 1 Quarter
Net earnings attributable to The Estee Lauder Companies Inc. NetIncomeLossAvailableToCommonStockholdersBasic $489.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.91 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.37 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.35 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.88 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 362.20M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 357.90M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 361.40M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 367.90M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $490.00M USD 1 Quarter
Net earnings ProfitLoss $695.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $183.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $178.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-57.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-53.00M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $79.00M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $53.00M USD 1 Quarter
Net loss on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.00M USD 1 Quarter
Net loss on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-2.00M USD 1 Quarter
Non-cash restructuring and other charges RestructuringCosts $9.00M USD 1 Quarter
Non-cash restructuring and other charges RestructuringCosts $2.00M USD 1 Quarter
Pension and post-retirement benefit expense PensionAndOtherPostretirementBenefitExpense $13.00M USD 1 Quarter
Pension and post-retirement benefit expense PensionAndOtherPostretirementBenefitExpense $21.00M USD 1 Quarter
Pension and post-retirement benefit contributions PaymentOfPensionAndOtherPostretirementBenefitContributions $5.00M USD 1 Quarter
Pension and post-retirement benefit contributions PaymentOfPensionAndOtherPostretirementBenefitContributions $11.00M USD 1 Quarter
Gain on previously held equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal - USD 1 Quarter
Gain on previously held equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $1.00M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $3.00M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-3.00M USD 1 Quarter
Increase in accounts receivable, net IncreaseDecreaseInAccountsReceivable $583.00M USD 1 Quarter
Increase in accounts receivable, net IncreaseDecreaseInAccountsReceivable $579.00M USD 1 Quarter
Increase in inventory and promotional merchandise IncreaseDecreaseInInventories $178.00M USD 1 Quarter
Increase in inventory and promotional merchandise IncreaseDecreaseInInventories $229.00M USD 1 Quarter
Decrease (increase) in other assets, net IncreaseDecreaseInOtherOperatingAssets $19.00M USD 1 Quarter
Decrease (increase) in other assets, net IncreaseDecreaseInOtherOperatingAssets $-3.00M USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayableTrade $-191.00M USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayableTrade $-375.00M USD 1 Quarter
Decrease in other accrued and noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $-15.00M USD 1 Quarter
Decrease in other accrued and noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $-135.00M USD 1 Quarter
Decrease in operating lease assets and liabilities, net IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet $-19.00M USD 1 Quarter
Decrease in operating lease assets and liabilities, net IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet $-10.00M USD 1 Quarter
Net cash flows used for operating activities NetCashProvidedByUsedInOperatingActivities $-81.00M USD 1 Quarter
Net cash flows used for operating activities NetCashProvidedByUsedInOperatingActivities $-650.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $152.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $205.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments - USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $6.00M USD 1 Quarter
Settlement of net investment hedges PaymentsForProceedsFromHedgeInvestingActivities $-58.00M USD 1 Quarter
Settlement of net investment hedges PaymentsForProceedsFromHedgeInvestingActivities $-138.00M USD 1 Quarter
Net cash flows used for investing activities NetCashProvidedByUsedInInvestingActivities $-14.00M USD 1 Quarter
Net cash flows used for investing activities NetCashProvidedByUsedInInvestingActivities $-153.00M USD 1 Quarter
Proceeds from current debt, net ProceedsFromRepaymentsOfShortTermDebt $3.00M USD 1 Quarter
Proceeds from current debt, net ProceedsFromRepaymentsOfShortTermDebt $249.00M USD 1 Quarter
Repayments and redemptions of long-term debt ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $-254.00M USD 1 Quarter
Repayments and redemptions of long-term debt ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $-4.00M USD 1 Quarter
Net proceeds from stock-based compensation transactions ProceedsFromStockOptionsExercised $36.00M USD 1 Quarter
Net proceeds from stock-based compensation transactions ProceedsFromStockOptionsExercised $26.00M USD 1 Quarter
Payments to acquire treasury stock PaymentsForRepurchaseOfCommonStock $110.00M USD 1 Quarter
Payments to acquire treasury stock PaymentsForRepurchaseOfCommonStock $557.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $215.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $192.00M USD 1 Quarter
Net cash flows used for financing activities NetCashProvidedByUsedInFinancingActivities $-714.00M USD 1 Quarter
Net cash flows used for financing activities NetCashProvidedByUsedInFinancingActivities $-304.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-15.00M USD 1 Quarter
Effect of exchange rate changes on Cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-51.00M USD 1 Quarter
Net decrease in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-963.00M USD 1 Quarter
Net decrease in Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.02B USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.96B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.96B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.00B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.96B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.96B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.00B USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $490.00M USD 1 Quarter
Net earnings ProfitLoss $695.00M USD 1 Quarter
Net cash flow hedge gain OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax $49.00M USD 1 Quarter
Net cash flow hedge gain OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax $21.00M USD 1 Quarter
Retirement plan and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax - USD 1 Quarter
Retirement plan and other retiree benefit adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-4.00M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-381.00M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-186.00M USD 1 Quarter
Benefit (provision) for income taxes on components of other comprehensive income OtherComprehensiveIncomeLossTax $19.00M USD 1 Quarter
Benefit (provision) for income taxes on components of other comprehensive income OtherComprehensiveIncomeLossTax $12.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-173.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-351.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $139.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $522.00M USD 1 Quarter
Net earnings NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net earnings NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-1.00M USD 1 Quarter
Total comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Total comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Net earnings NetIncomeLossAttributableToRedeemableNoncontrollingInterest $2.00M USD 1 Quarter
Net earnings NetIncomeLossAttributableToRedeemableNoncontrollingInterest $1.00M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest $-35.00M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest $-17.00M USD 1 Quarter
Total comprehensive income attributable to redeemable noncontrolling interest ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-15.00M USD 1 Quarter
Total comprehensive income attributable to redeemable noncontrolling interest ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-34.00M USD 1 Quarter
Comprehensive income attributable to The Estee Lauder Companies Inc. ComprehensiveIncomeNetOfTax $173.00M USD 1 Quarter
Comprehensive income attributable to The Estee Lauder Companies Inc. ComprehensiveIncomeNetOfTax $537.00M USD 1 Quarter

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

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