Estee Lauder 2007 Annual Report Download - page 2

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CoNtEnTs
02 Portfolio of Brands
08 Chairman’s Message
09 Chief Executive’s Review
30 Board of Directors
31 Officers
32 Financial Highlights
33 Selected Financial Data
34 Management’s Discussion and Analysis of Financial Condition
and Results of Operations
55 Consolidated Statements of Earnings
56 Consolidated Balance Sheets
57 Consolidated Statements of Stockholders’ Equity and
Comprehensive Income
58 Consolidated Statements of Cash Flows
59 Notes to Consolidated Financial Statements
87 Management’s Report on Internal Control over Financial Reporting
88 Report of Independent Registered Public Accounting Firm on
Internal Control Over Financial Reporting
89 Report of Independent Registered Public Accounting Firm
90 Stockholder Information
THE EST{E LAUDER COMPANIES INC.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care,
makeup, fragrance and hair care products. The Company’s products are sold in over 135 countries and territories
under well-recognized brand names, including Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series Skincare
for Men, Origins, Tommy Hilfiger, M.A.C, Kiton, Bobbi Brown, La Mer, Donna Karan, Aveda, Jo Malone, Bumble
and bumble, Michael Kors, Darphin, American Beauty, Flirt!, Good Skin, Grassroots, Sean John Fragrances,
Missoni, Daisy Fuentes, Tom Ford, Mustang and Coach.
THE AMERICAS — The Company was founded by Estée Lauder in 1946 in New York City. In Fiscal
2007, the Americas region represented 51% of net sales and 45% of operating income.
EUROPE, THE MIDDLE EAST & AFRICA —Our first international door opened in 1960 in London.
In Fiscal 2007, Europe, the Middle East & Africa represented 35% of net sales and 43% of operating
income. This region includes results from our travel retail business.
ASIA/PACIFIC —We established a presence in Hong Kong in 1961. In Fiscal 2007, the Asia/Pacific
region represented 14% of net sales and 12% of operating income.