ESTEE LAUDER COMPANIES INC

10-K & 10-Q Filings

The Estée Lauder Companies Inc. is a leading manufacturer, marketer, and seller of quality skin care, makeup, fragrance, and hair care products. The company was founded in 1946 by Estée and Joseph Lauder and has since grown to include a diverse portfolio of distinctive brands across four product categories. The company's business strategy focuses on building strong relationships with select retailers, providing "High-Touch" consumer experiences, and leveraging technology to elevate digital presence and personalized consumer engagement. The company operates approximately 1,600 freestanding stores and over 250 multi-branded company stores in outlet malls. It sells its products through a diverse range of distribution channels, including own and authorized retailer websites, brick-and-mortar retail stores, and travel retail locations. The company's brands include Estée Lauder, Clinique, Origins, M·A·C, Bobbi Brown Cosmetics, La Mer, Aveda, Jo Malone London, TOM FORD, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, Kilian Paris, Too Faced, Dr.Jart+, and Deciem. The company's website is elcompanies.com, and its ticker symbol is EL. The company is committed to social impact and sustainability, with a focus on climate and energy, packaging, sourcing, green chemistry and ingredient transparency, inclusion, diversity and equity, employee health and safety, and social investments. It has set goals and made commitments within these focus areas to drive innovation, growth, and efficiency across the business and within its brand portfolio.

12 mos ending Jun 30, 201212 mos ending Jun 30, 201312 mos ending Jun 30, 201412 mos ending Jun 30, 201512 mos ending Jun 30, 201612 mos ending Jun 30, 201712 mos ending Jun 30, 201812 mos ending Jun 30, 201912 mos ending Jun 30, 202012 mos ending Jun 30, 202112 mos ending Jun 30, 202212 mos ending Jun 30, 20239 mos ending Mar 31, 20239 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$9713.60
10181.70
10968.80
10780.40
11262.30
11824.00
13683.00
14863.00
14294.00
16215.00
17737.00
15910.00
12301.00
11737.00
4.59%-4.58%Cost of Revenue (-)
$1995.80
2025.90
2158.20
2100.60
2181.10
2437.00
2844.00
3387.00
3552.00
3834.00
4305.00
4564.00
3401.00
3331.00
7.81%-2.06%Gross Profit (+)
$7717.80
8155.80
8810.60
8679.80
9081.20
9387.00
10839.00
11476.00
10742.00
12381.00
13432.00
11346.00
8900.00
8406.00
3.57%-5.55%Selling, General & Administrative (-)
$6324.80
6597.00
6985.90
7073.50
7337.80
7469.00
8556.00
8857.00
8637.00
9371.00
9888.00
9575.00
7155.00
7177.00
3.84%0.31%Non-recurring Operating Expenses (-)
$21.70
17.70
226.00
231.00
306.00
1499.00
392.00
374.00
262.00
231.00
26.00
25.41%-88.74%Operating Expenses (-)
$6406.10
6629.80
6983.00
7073.50
7470.90
7695.00
8787.00
9163.00
10136.00
9763.00
10262.00
9837.00
7386.00
7203.00
3.98%-2.48%Costs & Expenses (Total) (-)
$8401.90
8655.70
9141.20
9174.10
9652.00
10132.00
11631.00
12479.00
13688.00
13597.00
14566.00
14401.00
10787.00
10534.00
5.02%-2.35%Operating Income/Loss (+)
$1311.70
1526.00
1827.60
1606.30
1610.30
1692.00
2052.00
2313.00
606.00
2618.00
3170.00
1509.00
1514.00
1203.00
1.28%-20.54%Non-operating Income/Expense (+)
$10.50
23.10
14.30
15.60
28.00
56.00
58.00
48.00
51.00
30.00
131.00
78.00
126.00
25.79%61.54%Interest Expense (-)
$-61.10
-54.80
-50.80
60.00
70.70
103.00
128.00
133.00
161.00
173.00
167.00
255.00
156.00
287.00
83.97%Earnings before Tax (+)
$1261.10
1475.20
1776.80
1560.60
1555.20
1617.00
1980.00
2307.00
1046.00
3331.00
3036.00
1397.00
1445.00
1051.00
0.93%-27.27%Tax Expense (-)
$400.60
451.40
567.70
467.20
434.40
361.00
863.00
513.00
350.00
456.00
628.00
387.00
403.00
356.00
-0.31%-11.66%Income/Loss (Continuing Operations) (+)
$860.50
1023.80
1209.10
1093.40
1120.80
1256.00
1117.00
1794.00
696.00
2875.00
2408.00
1010.00
1042.00
695.00
1.47%-33.30%Profit/Loss (+)
$860.50
1023.80
1209.10
1093.40
1120.80
1256.00
1117.00
1794.00
696.00
2875.00
2408.00
1010.00
1042.00
695.00
1.47%-33.30%Net Income/Loss (NCI) (-)
$-3.60
-4.00
-5.00
4.50
6.20
7.00
9.00
9.00
12.00
5.00
18.00
4.00
3.00
21.00
600.00%Net Income/Loss (+)
$856.90
1019.80
1204.10
1088.90
1114.60
1249.00
1108.00
1785.00
684.00
2870.00
2390.00
1006.00
1039.00
674.00
1.47%-35.13%Net Income/Loss (Common) (+)
$856.90
1019.80
1204.10
1088.90
1114.60
1249.00
1108.00
1785.00
684.00
2870.00
2390.00
1006.00
1039.00
674.00
1.47%-35.13%EPS (Basic)
$2.20
2.63
3.12
2.87
3.01
3.40
3.01
4.91
1.90
7.91
6.64
2.81
2.90
1.88
2.25%-35.17%EPS (Diluted)
$2.16
2.58
3.06
2.82
2.96
3.35
2.95
4.82
1.86
7.79
6.55
2.79
2.88
1.87
2.35%-35.07%Weighted Avg Shares (Basic)
388.70
387.60
386.20
379.30
370.00
367.10
368.00
363.50
360.60
362.90
360.00
357.90
357.80
358.80
-0.75%0.28%Weighted Avg Shares (Diluted)
397.00
394.90
393.10
385.70
376.60
373.00
375.70
370.40
366.90
368.20
364.90
360.90
360.90
360.40
-0.86%-0.14%Cash
$1347.70
1495.70
1629.10
1021.40
914.10
1136.00
2181.00
2987.00
5022.00
4958.00
3957.00
4029.00
5531.00
3701.00
10.47%-33.09%Short-term Investments
$
503.70
469.30
605.00
534.00
Receivables
$1060.30
1171.70
1379.30
1174.50
1258.30
1395.00
1487.00
1831.00
1194.00
1702.00
1629.00
1452.00
1904.00
1854.00
2.90%-2.63%Inventory
$983.60
1113.90
1294.00
1215.80
1263.40
1479.00
1618.00
2006.00
2062.00
2505.00
2920.00
2979.00
3097.00
2307.00
10.60%-25.51%Prepaid Expenses (Current)
$463.50
515.90
522.80
553.10
320.00
349.00
348.00
388.00
614.00
603.00
792.00
679.00
715.00
672.00
3.53%-6.01%Assets (Current)
$3855.10
4297.20
4825.20
4468.50
4225.10
4964.00
6168.00
7212.00
8892.00
9768.00
9298.00
9139.00
11247.00
8534.00
8.16%-24.12%Securities & Long-term Investments
$
420.30
1107.70
1026.00
843.00
177.00
Property, Plant & Equipment (Net)
$1231.80
1350.70
1502.60
1490.20
1583.30
1671.00
1823.00
2068.00
4337.00
4470.00
4599.00
4976.00
4869.00
4969.00
13.53%2.05%Goodwill & Intangibles
$1072.70
1051.10
1050.50
1471.40
1572.30
3243.00
3202.00
3071.00
3739.00
6711.00
5949.00
8088.00
5513.00
7891.00
20.16%43.13%Other Assets
$433.40
446.20
490.50
388.80
734.90
664.00
531.00
628.00
813.00
1022.00
1064.00
1212.00
1086.00
1306.00
9.80%20.26%Assets (Non-current)
$2737.90
2848.00
3043.60
3770.70
4998.20
6604.00
6399.00
5944.00
8889.00
12203.00
11612.00
14276.00
11468.00
14166.00
16.20%23.53%Assets (Total)
$6593.00
7145.20
7868.80
8239.20
9223.30
11568.00
12567.00
13156.00
17781.00
21971.00
20910.00
23415.00
22715.00
22700.00
12.21%-0.07%Accounts Payable
$1906.80
1916.30
2038.30
2105.80
2349.00
835.00
1182.00
1490.00
1177.00
1692.00
1822.00
1670.00
1520.00
1197.00
-1.20%-21.25%Debt (Current)
$219.00
18.30
18.40
29.80
331.50
189.00
183.00
516.00
1597.00
32.00
268.00
997.00
2243.00
505.00
14.77%-77.49%Other Liabilities (Current)
$
1799.00
1945.00
2599.00
2405.00
3574.00
3725.00
3573.00
3937.00
3714.00
-5.66%Liabilities (Current)
$2125.80
1934.60
2056.70
2135.60
2680.50
2823.00
3310.00
4605.00
5179.00
5298.00
5815.00
6240.00
7700.00
5416.00
10.28%-29.66%Debt (Non-current)
$1069.10
1326.00
1324.70
1607.50
1910.00
3383.00
3361.00
2896.00
7192.00
5537.00
5144.00
7117.00
5128.00
7265.00
18.81%41.67%Other Liabilities
$650.60
582.70
618.00
841.80
1045.50
960.00
1186.00
1244.00
1448.00
5045.00
4361.00
4473.00
4010.00
4275.00
19.16%6.61%Liabilities (Non-current)
$1719.70
1908.70
1942.70
2449.30
2955.50
4343.00
4547.00
4140.00
8640.00
10582.00
9505.00
11590.00
9138.00
11540.00
18.94%26.29%Liabilities (Total)
$3845.50
3843.30
3999.40
4584.90
5636.00
7166.00
7857.00
8745.00
13819.00
15880.00
15320.00
17830.00
16838.00
16956.00
14.96%0.70%Treasury Stock
$3830.40
-4215.20
-4878.90
5856.70
6743.00
7149.00
7896.00
9444.00
10330.00
11058.00
13362.00
13631.00
13618.00
13663.00
12.23%0.33%Retained Earnings
$4764.90
5364.10
6265.80
7004.10
7693.30
8452.00
9040.00
9984.00
10134.00
12244.00
13912.00
13991.00
14261.00
13950.00
10.29%-2.18%AOCI
$-212.90
-157.50
-100.30
-381.50
-544.80
-484.00
-434.00
-563.00
-665.00
-470.00
-762.00
-934.00
-875.00
-1014.00
-15.89%Shareholder's Equity
$2747.50
3301.90
3869.40
3654.30
3587.30
4402.00
4710.00
4411.00
3962.00
6091.00
5590.00
5585.00
5877.00
5744.00
6.66%-2.26%Liabilities & Equity
$6593.00
7145.20
7868.80
8239.20
9223.30
11568.00
12567.00
13156.00
17781.00
21971.00
20910.00
23415.00
22715.00
22700.00
12.21%-0.07%Net Income/Loss
$860.50
1023.80
1209.10
1093.40
1120.80
1256.00
1117.00
1794.00
696.00
2875.00
2408.00
1010.00
1042.00
695.00
1.47%-33.30%Depreciation & Amortization
$295.80
336.90
384.60
409.30
414.70
464.00
531.00
557.00
611.00
651.00
727.00
744.00
548.00
614.00
8.75%12.04%Increase/Decrease in Working Capital
$57.60
-293.10
-601.10
-348.20
-145.00
-21.00
-575.00
2.00
11.00
-554.00
554.00
356.00
983.00
-62.00
18.01%-106.31%Share-based Compensation
$66.30
267.20
264.80
170.50
188.00
219.00
236.00
243.00
213.00
327.00
331.00
267.00
234.00
276.00
13.50%17.95%Adjustments to Reconcile Net Income
$266.20
202.50
326.10
849.90
667.90
544.00
1456.00
723.00
1584.00
756.00
632.00
721.00
-25.00
776.00
9.48%3204.00%Net Cash (Operating)
$1126.70
1226.30
1535.20
1943.30
1788.70
1800.00
2573.00
2517.00
2280.00
3631.00
3040.00
1731.00
1017.00
1471.00
3.98%44.64%Capital Expenditure
$428.30
-469.70
-519.40
714.00
626.60
2173.00
640.00
742.00
1670.00
1702.00
1043.00
3289.00
660.00
702.00
20.36%6.36%Net Cash (Investing)
$-428.30
-465.50
-511.60
-1616.20
-1269.30
-2214.00
-369.00
473.00
-1698.00
-1864.00
-945.00
-3217.00
-527.00
-735.00
-39.47%Increase/Decrease in Debt
$68.60
58.70
-6.70
299.20
608.20
1357.00
-10.00
-172.00
242.00
-1203.00
-22.00
718.00
1967.00
-358.00
23.80%-118.20%Increase/Decrease in Equity
$591.60
391.80
667.20
-987.30
-893.90
-283.00
-577.00
-1363.00
-731.00
-522.00
-2159.00
-198.00
-190.00
-9.00
95.26%Dividends Paid
$208.50
-423.40
-308.00
355.70
426.70
489.00
550.00
615.00
513.00
761.00
840.00
925.00
687.00
710.00
14.50%3.35%Net Cash (Financing)
$-585.10
-611.50
-856.90
-894.80
-604.90
630.00
-1172.00
-2173.00
1461.00
-1892.00
-3036.00
1590.00
1090.00
-1059.00
-197.16%Effect of Exchange Rate
$-18.60
-1.30
-33.30
-40.00
-21.80
6.00
13.00
-11.00
-8.00
61.00
-60.00
-32.00
-6.00
-5.00
16.67%Increase/Decrease in Cash
$94.70
148.00
133.40
-607.70
-107.30
222.00
1045.00
806.00
2035.00
-64.00
-1001.00
72.00
1574.00
-328.00
-2.46%-120.84%Cash (Beginning)
$1253.00
1347.70
1495.70
1629.10
1021.40
914.00
1136.00
2181.00
2987.00
5022.00
4958.00
3957.00
3957.00
4029.00
11.02%1.82%Cash (Ending)
$1347.70
1495.70
1629.10
1021.40
914.10
1136.00
2181.00
2987.00
5022.00
4958.00
3957.00
4029.00
5531.00
3701.00
10.47%-33.09%NOPAT
$895.03
1059.06
1243.67
1125.42
1160.51
1314.26
1157.62
1798.67
403.23
2259.61
2514.28
1090.97
1091.76
795.51
1.82%-27.13%Gross Margin %
79.45%
80.10%
80.32%
80.51%
80.63%
79.39%
79.22%
77.21%
75.15%
76.36%
75.73%
71.31%
72.35%
71.62%
Operating Margin %
13.50%
14.99%
16.66%
14.90%
14.30%
14.31%
15.00%
15.56%
4.24%
16.15%
17.87%
9.48%
12.31%
10.25%
NOPAT Margin %
9.21%
10.40%
11.34%
10.44%
10.30%
11.12%
8.46%
12.10%
2.82%
13.94%
14.18%
6.86%
8.88%
6.78%
Net Margin %
8.82%
10.02%
10.98%
10.10%
9.90%
10.56%
8.10%
12.01%
4.79%
17.70%
13.47%
6.32%
8.45%
5.74%
Tax Rate %
31.77%
30.60%
31.95%
29.94%
27.93%
22.33%
43.59%
22.24%
33.46%
13.69%
20.69%
27.70%
27.89%
33.87%
ROA
13.58%
14.82%
15.81%
13.66%
12.58%
11.36%
9.21%
13.67%
2.27%
10.28%
12.02%
4.66%
4.81%
3.50%
ROE
32.58%
32.07%
32.14%
30.80%
32.35%
29.86%
24.58%
40.78%
10.18%
37.10%
44.98%
19.53%
18.58%
13.85%
ROIC
23.09%
24.60%
25.87%
23.35%
25.44%
17.43%
15.05%
22.31%
3.67%
15.99%
17.99%
6.69%
7.89%
5.03%
Asset Turnover
1.47
1.42
1.39
1.31
1.22
1.02
1.09
1.13
0.80
0.74
0.85
0.68
0.54
0.52
Inventory Turnover
2.03
1.82
1.67
1.73
1.73
1.65
1.76
1.69
1.72
1.53
1.47
1.53
1.10
1.44
Equity Multiplier
2.40
2.16
2.03
2.25
2.57
2.63
2.67
2.98
4.49
3.61
3.74
4.19
3.87
3.95
Current Ratio
1.81
2.22
2.35
2.09
1.58
1.76
1.86
1.57
1.72
1.84
1.60
1.46
1.46
1.58
Quick Ratio
1.13
1.38
1.46
1.26
0.99
1.11
1.27
1.05
1.20
1.26
0.96
0.88
0.97
1.03
Debt/Equity Ratio
0.47
0.41
0.35
0.45
0.62
0.81
0.75
0.77
2.22
0.91
0.97
1.45
1.25
1.35
Working Capital/Sales
0.16
0.19
0.21
0.17
0.12
0.22
0.19
0.20
0.20
0.18
0.19
0.20
0.28
0.25
Dividend Payout Ratio %
23.30%
-39.98%
-24.77%
31.61%
36.77%
37.21%
47.51%
34.19%
127.22%
33.68%
33.41%
84.79%
62.93%
89.25%
Total Payout
$-451.70
-873.90
-968.50
1043.80
712.40
-585.00
1137.00
2150.00
1002.00
2486.00
3021.00
405.00
-1090.00
1077.00
198.81%Payout Ratio %
-50.47%
-82.52%
-77.87%
92.75%
61.39%
-44.51%
98.22%
119.53%
248.49%
110.02%
120.15%
37.12%
-99.84%
135.38%