Estee Lauder 2002 Annual Report Download - page 37

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THEEST{E LAUDER COMPANIES INC. 36
FINANCIAL HIGHLIGHTS
*Fiscal 2002 information is reported before considering the effect of restructuring charges of $117.4 million ($76.9 million after tax), or $.32 per
common share, and before the cumulative effect of adopting a new accounting principle in the amount of $20.6 million, or $.08 per common share.
Fiscal 2001 information is reported before considering the effect of restructuring and other non-recurring charges of $63.0 million ($40.3 million
after tax), or $.17 per common share, before the cumulative effect of adopting a new accounting principle in the amount of $2.2 million after tax,
or $.01 per common share, and includes goodwill amortization of $20.9 million ($13.4 million after tax), or $.05 per common share.
†Before preferred dividends.
A HERITAGE OF UNINTERRUPTED SALES GROWTH
1953 1972 1985 1991 2002
$100 million $1 billion $2 billion $4.7 billion
NET SALES*
(Dollars in billions)
3.69 4.04 4.44 4.68 4.75
1998 1999 2000 2001 2002
OPERATING INCOME*
(Dollars in millions)
409.1 456.9 515.8 558.6 458.8
1998 1999 2000 2001 2002
NET EARNINGS*
†
(Dollars in millions)
236.8 272.9 314.1 347.7 289.4
1998 1999 2000 2001 2002
Percent
YEAR ENDED JUNE 30 2002 2001 Change
(Dollars in millions, except per share data)
Net Sales* $4,749.9 $4,675.7 2%
Earnings before Interest, Taxes,Depreciation and
Amortization (EBITDA)* 620.6 721.5 (14%)
Operating Income* 458.8 558.6 (18%)
Net Earnings (before preferred dividends)* 289.4 347.7 (17%)
Net Earnings Per Share — Diluted* 1.10 1.34 (18%)
AT JUNE 30
Total Assets $3,416.5 $3,218.8 6%
Stockholders’ Equity 1,461.9 1,352.1 8%