Estee Lauder Companies (EL) FY2015 results: revenue $10.8 billion, down 1.7% on the year
Estee Lauder Companies Inc. (EL) reported revenue of $10.8 billion for fiscal 2015, the year ended 30 June 2015, down 1.7% on the year before. Net income was $1.1 billion, down 9.6%, and diluted earnings per share $2.82. The figures are the company's own, from the 10-K it filed with the SEC on 20 August 2015.
Revenue
$10.8 billion
-1.7% on the year
FY2009FY2015
Operating margin
14.9%
16.7% a year earlier
FY2009FY2015
Net income
$1.1 billion
-9.6% on the year
FY2009FY2015
Diluted EPS
$2.82
-7.8% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
10,780
10,969
10,182
-1.7%
Cost of revenue
2,101
2,158
2,026
-2.7%
Gross profit
8,680
8,811
8,156
-1.5%
Gross margin
80.5%
80.3%
80.1%
Research and development
n/a
158
147
Selling, general and administrative
7,074
6,986
6,597
+1.3%
Operating income
1,606
1,828
1,526
-12.1%
Operating margin
14.9%
16.7%
15.0%
Interest expense
60.0
59.4
63.1
+1.0%
Pre-tax income
1,561
1,777
1,475
-12.2%
Income tax
467
568
451
-17.7%
Effective tax rate
29.9%
32.0%
30.6%
Net income
1,089
1,204
1,020
-9.6%
Net margin
10.1%
11.0%
10.0%
Diluted EPS
$2.82
$3.06
$2.58
-7.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,943
1,535
1,226
+26.6%
Capital expenditure
473
510
461
-7.3%
Free cash flow
1,470
1,025
765
+43.4%
Free cash flow margin
13.6%
9.3%
7.5%
Cash from investing
-1,616
n/a
n/a
Cash from financing
-895
n/a
n/a
Depreciation and amortisation
409
385
337
+6.4%
Share-based compensation
165
153
146
+8.1%
Buybacks
983
667
388
+47.3%
Dividends paid
350
302
419
+15.9%
Dividend per share
$0.92
$0.78
$1.08
+17.9%
Diluted shares, weighted
386m
393m
395m
-1.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,643
3,855
3,287
-5.5%
Non-controlling interest
11.1
14.5
15.0
-23.4%
Debt
1,625
1,343
1,344
+21.0%
Other liabilities
2,960
2,656
2,499
+11.4%
Total liabilities and equity
8,239
7,869
7,145
+4.7%
Fixed assets
1,490
1,503
1,351
-0.8%
Goodwill
1,145
893
882
+28.2%
Intangible assets
327
157
170
+107.6%
Investments
924
13.6
n/a
+6,694.1%
Cash and equivalents
1,021
1,629
1,496
-37.3%
Receivables
1,174
1,379
1,172
-14.8%
Inventory
1,216
1,294
1,114
-6.0%
Other assets
942
1,000
962
-5.8%
Total assets
8,239
7,869
7,145
+4.7%
10-K for the year ended 30 June 2015, filed 20 August 2015: the filing.