Estee Lauder Companies (EL) FY2024 results: revenue $15.6 billion, down 1.9% on the year
Estee Lauder Companies Inc. (EL) reported revenue of $15.6 billion for fiscal 2024, the year ended 30 June 2024, down 1.9% on the year before. Net income was $390 million, down 61.2%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 19 August 2024.
Revenue
$15.6 billion
-1.9% on the year
FY2017FY2024
Operating margin
6.2%
9.5% a year earlier
FY2017FY2024
Net income
$390 million
-61.2% on the year
FY2017FY2024
Diluted EPS
$1.08
-61.3% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,360
1,731
3,040
+36.3%
Capital expenditure
919
1,003
1,040
-8.4%
Free cash flow
1,441
728
2,000
+97.9%
Free cash flow margin
9.2%
4.6%
11.3%
Cash from investing
-960
-3,217
-945
Cash from financing
-2,035
1,590
-3,036
Depreciation and amortisation
825
744
727
+10.9%
Share-based compensation
325
267
331
+21.7%
Buybacks
35.0
271
2,309
-87.1%
Dividends paid
947
925
840
+2.4%
Dividend per share
$2.64
$2.58
$2.33
+2.3%
Diluted shares, weighted
361m
361m
365m
-0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,314
5,585
5,590
-4.9%
Non-controlling interest
n/a
n/a
0.0
Redeemable equity
0.0
832
842
Debt
7,771
8,114
5,412
-4.2%
Operating lease liabilities
1,701
1,698
1,868
+0.2%
Finance lease liabilities
28.0
33.0
10.0
-15.2%
Other liabilities
6,863
7,153
7,188
-4.1%
Total liabilities and equity
21,677
23,415
20,910
-7.4%
Fixed assets
3,136
3,179
2,650
-1.4%
Goodwill
2,143
2,486
2,521
-13.8%
Intangible assets
5,183
5,602
3,428
-7.5%
Cash and equivalents
3,395
4,029
3,957
-15.7%
Receivables
1,727
1,452
1,629
+18.9%
Inventory
2,175
2,979
2,920
-27.0%
Other assets
3,918
3,688
3,805
+6.2%
Total assets
21,677
23,415
20,910
-7.4%
10-K for the year ended 30 June 2024, filed 19 August 2024: the filing.