Estee Lauder 2007 Annual Report Download - page 57

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JUNE 30 2007 2006
($ in millions)
ASSETS
Current Assets
Cash and cash equivalents $ 253.7 $ 368.6
Accounts receivable, net 860.5 771.2
Inventory and promotional merchandise, net 855.8 766.3
Prepaid expenses and other current assets 269.4 270.8
Total current assets 2,239.4 2,176.9
Property, Plant and Equipment, net 880.8 758.0
Other Assets
Investments, at cost or market value 22.2 13.4
Goodwill 651.3 635.8
Other intangible assets, net 113.4 77.0
Other assets, net 218.6 123.0
Total other assets 1,005.5 849.2
Total assets $ 4,125.7 $ 3,784.1
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term debt $ 60.4 $ 89.7
Accounts payable 314.7 264.5
Accrued income taxes 161.7 135.5
Other accrued liabilities 963.9 948.5
Total current liabilities 1,500.7 1,438.2
Noncurrent Liabilities
Long-term debt 1,028.1 431.8
Other noncurrent liabilities 376.6 266.4
Total noncurrent liabilities 1,404.7 698.2
Commitments and Contingencies (Note 14)
Minority Interest 21.3 25.4
Stockholders’ Equity
Common stock, $.01 par value; 650,000,000 shares Class A authorized; shares issued:
173,365,104 at June 30, 2007 and 164,837,563 at June 30, 2006; 240,000,000 shares
Class B authorized; shares issued and outstanding: 81,804,761 at June 30, 2007 and
85,305,915 at June 30, 2006 2.6 2.5
Paid-in capital 801.7 581.0
Retained earnings 2,731.5 2,361.9
Accumulated other comprehensive income 54.7 64.7
3,590.5 3,010.1
Less: Treasury stock, at cost; 60,841,674 Class A shares at June 30, 2007 and
38,382,458 Class A shares at June 30, 2006 (2,391.5) (1,387.8)
Total stockholders’ equity 1,199.0 1,622.3
Total liabilities and stockholders’ equity $ 4,125.7 $ 3,784.1
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See notes to consolidated fi nancial statements.
56 THE EST{E LAUDER COMPANIES INC.
CONSOLIDATED BALANCE SHEETS