Estee Lauder 2007 Annual Report Download - page 33

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NET EARNINGS FROM
CONTINUING OPERATIONS*†
(Dollars in millions)
329.1 378.5 409.9 324.5 448.7
2003 2004 2005 2006 2007
OPERATING INCOME*†
(Dollars in millions)
508.8 648.9 726.8 619.6 749.9
2003 2004 2005 2006 2007
NET SALES*†
(Dollars in billions)
5.05 5.74 6.28 6.46 7.04
2003 2004 2005 2006 2007
Percent
FOR THE FISCAL YEAR ENDED JUNE 30 2007 2006 Change
(Dollars in millions, except per share data)
Net Sales† $7,037.5 $6,463.8 9%
Operating Income*† 749.9 619.6 21%
Net Earnings from Continuing Operations*† 448.7 324.5 38%
Net Earnings Per Common Share from Continuing Operations — Diluted*† 2.16 1.49 45%
Total Assets $4,125.7 $3,784.1 9%
Stockholders’ Equity 1,199.0 1,622.3 (26%)
FINANCIAL HIGHLIGHTS
* Refer to Selected Financial Data and related footnotes on page 33.
†
In April 2006, we completed the sale of certain assets and operations of the reporting unit that marketed and sold Stila brand products. In February 2004
,
we sold the assets and operations of our former reporting unit that sold jane brand products. As a result, statements of earnings information for all
periods presented has been restated to reflect those reporting units as discontinued operations.
A HERITAGE OF UNINTERRUPTED SALES GROWTH
$100 million $1 billion $2 billion $7 billion
1953 1972 1985 1991 2007
32 THE EST{E LAUDER COMPANIES INC.