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The Estee Lauder Companies Inc Case Study

Autor:   •  March 8, 2012  •  Case Study  •  500 Words (2 Pages)  •  953 Views

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The Estee Lauder Companies Inc.

Condensed Consolidated Statements of Earnings

Year Ended June 30

(In millions)

2011 2010 2009 2008 2007 2006 2005 2004 2003 2002

Net Sales $8,810.0 $7,795.8 $7,323.8 $7,910.8 $7,037.5 $6,463.8 $6,280.0 $5,741.5 $5,049.8 $4,671.7

% Increase as reported 13.0% 6.4% -7.4% 12.4% 8.9% 2.9% 9.4% 13.7% 8.1% 1.5%

% Increase excluding currency * 11.7% 4.7% -2.5% 8.2% 6.7% 4.0% 6.8% 9.4% 4.4% 2.4%

Operating Income $1,089.4 $789.9 $418.4 $810.7 $749.9 $619.6 $726.8 $648.9 $508.8 $345.2

% Increase as reported 37.9% 88.8% -48.4% 8.1% 21.0% -14.7% 12.0% 27.5% 47.4% -34.0%

% of sales 12.4% 10.1% 5.7% 10.3% 10.7% 9.6% 11.6% 11.3% 10.1% 7.4%

Net Earnings from continuing operations $703.8 $482.4 $226.8 $484.0 $455.8 $336.1 $419.2 $387.4 $335.8 $219.8

% Increase as reported 45.9% 112.7% -53.1% 6.2% 35.6% -19.8% 8.2% 15.4% 52.8% -32.9%

% of sales 8.0% 6.2% 3.1% 6.1% 6.5% 5.2% 6.7% 6.7% 6.6% 4.7%

Fiscal 2011 includes returns and charges associated with restructuring activities of $59.4 million ($41.7 million after tax) related to the Company's long-term, multi-faceted cost savings program, equal to $.21 per diluted common share.

Fiscal 2010 includes returns and charges associated with restructuring activities of $84.7 million ($55.9 million after tax) related to the Company's long-term, multi-faceted cost savings program and a pretax charge of $27.3 million ($17.5 million after tax) related to the early extinguishment of debt, equal to $.37 per diluted share in aggregate.

Fiscal 2009 includes returns and charges associated with restructuring activities

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