Estee Lauder 2002 Annual Report Download - page 78

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THEEST{E LAUDER COMPANIES INC.77
NOTE 19 – UNAUDITED QUARTERLY FINANCIAL DATA
The following summarizes the unaudited quarterly operating results of the Company for the years ended June 30, 2002
and 2001:
September 30 December 31 March 31 June 30 Total Year
(In millions, except per share data)
Fiscal 2002
Net sales $1,194.8 $1,298.2 $1,121.7 $1,129.0 $4,743.7
Gross profit 849.5 954.9 803.4 862.5 3,470.3
Operating income (loss) 152.9 143.5 81.1 (36.1) 341.4
Net earnings (loss) 97.1
(a)
90.1 50.7 (25.4) 212.5
(a)
Basic EPS .30
(a)
.35 .19 (.13) .71
(a)
Diluted EPS .30
(a)
.35 .19 (.13) .70
(a)
Fiscal 2001
Net sales $1,185.0 $1,332.0 $1,103.5 $1,047.2 $4,667.7
Gross profit 835.4 993.0 805.8 807.1 3,441.3
Operating income 153.3 203.5 105.3 33.5 495.6
Net earnings 92.4
(b)
127.3 65.1 20.4 305.2
(b)
Basic EPS .36
(b)
.51 .25 .06 1.18
(b)
Diluted EPS .36
(b)
.50 .24 .06 1.16
(b)
(a)Net earnings for the Quarter ended September 30, 2001 include a one-time charge of $20.6 million or $.08 per common share, attributable to the
cumulative effect of adopting SFAS No. 142, “Goodwill and Other Intangible Assets”.
(b)Net earnings for the Quarter ended September 30, 2000 include a one-time charge of $2.2 million, after tax, or $.01 per common share,attributable
to the cumulative effect of adopting SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities”.
Quarter Ended
NOTE 20 – UNAUDITED SUBSEQUENT EVENT
Pursuant to the Company’s authorized share repurchase program, subsequent to June 30, 2002, the Company purchased
an additional 4.4 million shares of Class A Common Stock for $138.1 million, bringing the cumulative total of acquired
shares to 7.0 million under this program.