Estee Lauder Companies (EL) FY2022 results: revenue $17.7 billion, up 9.4% on the year
Estee Lauder Companies Inc. (EL) reported revenue of $17.7 billion for fiscal 2022, the year ended 30 June 2022, up 9.4% on the year before. Net income was $2.4 billion, down 16.7%, and diluted earnings per share $6.55. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2022.
Revenue
$17.7 billion
+9.4% on the year
FY2015FY2022
Operating margin
17.9%
16.1% a year earlier
FY2015FY2022
Net income
$2.4 billion
-16.7% on the year
FY2015FY2022
Diluted EPS
$6.55
-15.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,040
3,631
2,280
-16.3%
Capital expenditure
1,040
637
623
+63.3%
Free cash flow
2,000
2,994
1,657
-33.2%
Free cash flow margin
11.3%
18.5%
11.6%
Cash from investing
-945
-1,864
-1,698
Cash from financing
-3,036
-1,892
1,461
Depreciation and amortisation
727
651
611
+11.7%
Share-based compensation
331
327
213
+1.2%
Buybacks
2,309
733
893
+215.0%
Dividends paid
840
753
503
+11.6%
Dividend per share
$2.33
$2.07
$1.39
+12.6%
Diluted shares, weighted
365m
368m
367m
-0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,590
6,057
3,935
-7.7%
Non-controlling interest
0.0
34.0
27.0
Redeemable equity
842
857
0.0
-1.8%
Debt
5,412
5,569
6,136
-2.8%
Operating lease liabilities
1,868
2,151
2,278
-13.2%
Finance lease liabilities
10.0
27.0
5.0
-63.0%
Other liabilities
7,188
7,276
5,400
-1.2%
Total liabilities and equity
20,910
21,971
17,781
-4.8%
Fixed assets
2,650
2,280
2,055
+16.2%
Goodwill
2,521
2,616
1,401
-3.6%
Intangible assets
3,428
4,095
2,338
-16.3%
Cash and equivalents
3,957
4,958
5,022
-20.2%
Receivables
1,629
1,702
1,194
-4.3%
Inventory
2,920
2,505
2,062
+16.6%
Other assets
3,805
3,815
3,709
-0.3%
Total assets
20,910
21,971
17,781
-4.8%
10-K for the year ended 30 June 2022, filed 24 August 2022: the filing.