Estee Lauder Companies (EL) FY2017 results: revenue $11.8 billion, up 5.0% on the year
Estee Lauder Companies Inc. (EL) reported revenue of $11.8 billion for fiscal 2017, the year ended 30 June 2017, up 5.0% on the year before. Net income was $1.2 billion, up 12.1%, and diluted earnings per share $3.35. The figures are the company's own, from the 10-K it filed with the SEC on 23 August 2019.
Revenue
$11.8 billion
+5.0% on the year
FY2010FY2017
Operating margin
14.4%
14.3% a year earlier
FY2010FY2017
Net income
$1.2 billion
+12.1% on the year
FY2010FY2017
Diluted EPS
$3.35
+13.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
11,824
11,262
10,780
+5.0%
Cost of revenue
2,437
2,181
2,101
+11.7%
Gross profit
9,387
9,081
8,680
+3.4%
Gross margin
79.4%
80.6%
80.5%
Selling, general and administrative
7,469
7,338
7,074
+1.8%
Operating income
1,704
1,610
1,606
+5.8%
Operating margin
14.4%
14.3%
14.9%
Interest expense
103
71.0
60.0
+45.1%
Pre-tax income
1,617
1,555
1,561
+4.0%
Income tax
361
434
467
-16.9%
Effective tax rate
22.3%
27.9%
29.9%
Net income
1,249
1,115
1,089
+12.1%
Net margin
10.6%
9.9%
10.1%
Diluted EPS
$3.35
$2.96
$2.82
+13.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,790
1,789
1,943
+0.1%
Capital expenditure
504
525
473
-4.1%
Free cash flow
1,286
1,264
1,470
+1.8%
Free cash flow margin
10.9%
11.2%
13.6%
Cash from investing
-2,204
-1,269
-1,616
Cash from financing
630
-605
-895
Depreciation and amortisation
464
415
409
+11.9%
Share-based compensation
219
184
165
+19.0%
Buybacks
413
890
983
-53.6%
Dividends paid
486
422
350
+15.0%
Dividend per share
$1.32
$1.14
$0.92
+15.8%
Diluted shares, weighted
373m
377m
386m
-1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,384
3,572
3,643
+22.7%
Non-controlling interest
18.0
15.0
11.1
+20.0%
Debt
3,572
2,242
1,625
+59.4%
Other liabilities
3,594
3,395
2,960
+5.9%
Total liabilities and equity
11,568
9,223
8,239
+25.4%
Fixed assets
1,671
1,583
1,490
+5.5%
Goodwill
1,916
1,228
1,145
+56.1%
Intangible assets
1,327
344
327
+285.2%
Investments
1,631
1,577
924
+3.4%
Cash and equivalents
1,136
914
1,021
+24.3%
Receivables
1,395
1,258
1,174
+10.9%
Inventory
1,479
1,263
1,216
+17.1%
Other assets
1,013
1,055
942
-4.0%
Total assets
11,568
9,223
8,239
+25.4%
10-K for the year ended 30 June 2017, filed 23 August 2019: the filing.