ESTEE LAUDER COMPANIES INC

Listed Company

ELCIK 0001001250NYSELarge AcceleratedPerfumes, Cosmetics & Other Toilet PreparationsDelawareFY ends Jun 30

Period

FY 2025

Revenue

$14.33B

Net Income

$-1.13B

Total Assets

$19.89B

Equity

$3.87B

Shares Out

—

Op. Cash Flow

$1.27B

Business

ESTEE LAUDER COMPANIES INC is a global manufacturer, marketer and seller of prestige and luxury beauty products. It offers skin care, makeup, fragrance, hair care and ancillary products, plus licensing and royalty arrangements. The company organizes its business around a diversified portfolio of brands and product categories, including luxury, large, scaling and developing brand groupings (e.g., La Mer, Estée Lauder, Clinique, M·A·C, TOM FORD, The Ordinary and DECIEM). Products are sold in approximately 150 countries through wholesale channels, freestanding stores, omnichannel e-commerce and travel retail.

Summary from filing dated 2025-08-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net sales	14,326	15,608	15,910	17,737	16,215
Cost of sales	3,729	4,424	4,564	4,305	3,834
Gross profit	10,597	11,184	11,346	13,432	12,381
Selling, general and administrative	9,456	9,621	9,575	9,888	9,371
Restructuring and other charges	481	122	55	133	204
Goodwill impairment	13	291	0	0	54
Impairment of other intangible assets	1,273	180	207	241	134
Talcum litigation settlement agreements	159	0	0	—	—
Total operating expenses	11,382	10,214	9,837	10,262	9,763
Operating (loss) income	−785	970	1,509	3,170	2,618
Interest expense	357	378	255	—	—
Interest income and investment income, net	114	167	131	30	51
Other components of net periodic benefit cost	12	−13	−12	−2	12
(Loss) earnings before income taxes	−1,040	772	1,397	3,036	3,331
Provision for income taxes	93	363	387	628	456
Net (loss) earnings	−1,133	409	1,010	2,408	2,875
Net earnings attributable to redeemable noncontrolling interest	0	−19	−4	−11	7
Net (loss) earnings attributable to The Estee Lauder Companies Inc.	−1,133	390	1,006	2,390	2,870
Basic (in dollars per share)	−3.15	1.09	2.81	6.64	7.91
Diluted (in dollars per share)	−3.15	1.08	2.79	6.55	7.79
Basic (in shares)	360	359	358	360	363
Diluted (in shares)	360	361	361	365	368

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	2,921	3,395	4,029	3,957	4,958
Accounts receivable, net	1,530	1,727	1,452	1,629	1,702
Inventory and promotional merchandise	2,074	2,175	2,979	2,920	2,505
Prepaid expenses and other current assets	544	625	679	792	603
Total current assets	7,069	7,922	9,139	9,298	9,768
Property, plant and equipment, net	3,172	3,136	3,179	2,650	2,280
Operating lease right-of-use assets	1,952	1,833	1,797	1,949	2,190
Goodwill	2,135	2,143	2,486	2,521	2,616
Other intangible assets, net	3,759	5,183	5,602	3,428	4,095
Other assets	1,805	1,460	1,212	1,064	1,022
Total other assets	9,651	10,619	11,097	8,962	9,923
Total assets	19,892	21,677	23,415	20,910	21,971
Current debt	3	504	997	268	32
Accounts payable	1,497	1,440	1,670	1,822	1,692
Operating lease liabilities	406	354	357	365	379
Other accrued liabilities	3,529	3,404	3,216	3,360	3,195
Total current liabilities	5,435	5,702	6,240	5,815	5,298
Long-term debt	7,314	7,267	7,117	5,144	5,537
Long-term operating lease liabilities	1,744	1,701	1,698	1,868	2,151
Other noncurrent liabilities	1,534	1,693	1,943	1,651	2,037
Total noncurrent liabilities	10,592	10,661	10,758	8,663	9,725
Commitments and contingencies	—	—	—	—	—
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at June 30, 2025 and June 30, 2024; shares issued: 472,541,563 at June 30, 2025 and 471,018,569 at June 30, 2024; Class B shares authorized: 304,000,000 at June 30, 2025 and June 30, 2024; shares issued and outstanding: 125,542,029 at June 30, 2025 and 125,542,029 at June 30, 2024	6	6	6	6	6
Paid-in capital	7,012	6,685	6,153	5,796	5,335
Retained earnings	11,672	13,427	13,991	13,912	12,244
Accumulated other comprehensive loss	−1,127	−1,140	−934	−762	−470
Stockholders' equity before treasury stock	17,563	18,978	19,216	18,952	17,115
Less: Treasury stock, at cost; 238,316,738 Class A shares at June 30, 2025 and 237,871,995 Class A shares at June 30, 2024	−13,698	−13,664	−13,631	−13,362	−11,058
Total equity	3,865	5,314	5,585	5,590	6,091
Total liabilities and equity	19,892	21,677	23,415	20,910	21,971

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	829	825	744	727	651
Deferred income taxes	−396	−265	−186	−149	−230
Non-cash stock-based compensation	304	325	267	331	327
Net loss on disposal of property, plant and equipment	19	9	13	8	23
Non-cash restructuring and other charges	20	7	36	14	76
Pension and post-retirement benefit expense	76	50	53	78	95
Pension and post-retirement benefit contributions	−92	−116	−49	−56	−59
Impairment of goodwill and other intangible assets	1,286	471	207	241	188
Other adjustments and non-cash items	10	14	−8	−7	−20
Decrease (increase) in accounts receivable, net	230	−285	185	−10	−398
Decrease (increase) in inventory and promotional merchandise	184	766	−64	−602	−140
(Increase) decrease in other assets, net	−11	15	26	−101	13
Increase (decrease) in accounts payable	21	−38	−333	210	440
(Decrease) increase in other accrued and noncurrent liabilities	−41	209	−129	1	695
Decrease in operating lease assets and liabilities, net	−34	−36	−41	−52	−56
Net cash flows provided by operating activities	1,272	2,360	1,731	3,040	3,631
Purchases of investments	−1	−18	−8	−10	−42
Capital expenditures	−602	−919	−1,003	−1,040	−637
Proceeds from sale of property, plant and equipment	3	0	0	—	0
Purchases of other intangible assets	0	0	−2,286	0	0
Settlement of net investment hedges	−23	−23	80	108	−152
Net cash flows used for investing activities	−623	−960	−3,217	−945	−1,864
(Repayments) proceeds of current debt, net	0	−215	218	−4	—
Proceeds from issuance of commercial paper (maturities after three months)	0	0	765	0	—
Repayments of commercial paper (maturities after three months)	0	−785	0	0	—
Proceeds from issuance of long-term debt, net	0	648	1,995	0	596
Repayments of long-term debt	−505	−10	−265	−18	−459
Debt issuance costs	0	−4	−15	−1	−4
Settlement of cross-currency swaps	20	18	0	0	—
Net proceeds from stock-based compensation transactions	15	40	88	151	215
Dividends paid to stockholders	−618	−947	−925	−840	−753
Payments to acquire treasury stock	−35	−35	−271	−2,309	−733
Payment for acquisition of noncontrolling interest	−21	0	0	−15	0
Payment for acquisition of redeemable noncontrolling interest	0	−745	0	0	—
Net cash flows (used for) provided by financing activities	−1,144	−2,035	1,590	−3,036	−1,892
Effect of exchange rate changes on Cash and cash equivalents	21	1	−32	−60	61
Net (decrease) increase in Cash and cash equivalents	−474	−634	72	−1,001	−64

Filings

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