Estee Lauder 2010 Annual Report Download - page 110

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THE EST{E LAUDER COMPANIES INC. 109
JUNE 30 2010 2009
($ in millions)
ASSETS
Current Assets
Cash and cash equivalents $ 1,120.7 $ 864.5
Accounts receivable, net 746.2 853.3
Inventory and promotional merchandise, net 826.6 795.0
Prepaid expenses and other current assets 427.5 399.7
Total current assets 3,121.0 2,912.5
Property, Plant and Equipment, net 1,023.6 1,026.7
Other Assets
Investments, at cost or market value 12.2 12.7
Goodwill 752.5 759.9
Other intangible assets, net 109.5 150.1
Other assets 316.8 314.7
Total other assets 1,191.0 1,237.4
Total assets $ 5,335.6 $ 5,176.6
LIABILITIES AND EQUITY
Current Liabilities
Short-term debt $ 23.4 $ 33.8
Accounts payable 425.2 329.8
Accrued income taxes 5.6 33.2
Other accrued liabilities 1,118.0 1,062.4
Total current liabilities 1,572.2 1,459.2
Noncurrent Liabilities
Long-term debt 1,205.0 1,387.6
Accrued income taxes 163.3 259.1
Other noncurrent liabilities 429.7 406.7
Total noncurrent liabilities 1,798.0 2,053.4
Commitments and Contingencies (Note 14)
Equity
Common stock, $.01 par value; 650,000,000 shares Class A authorized; shares issued:
190,767,435 at June 30, 2010 and 183,921,350 at June 30, 2009; 240,000,000 shares
Class B authorized; shares issued and outstanding: 77,082,041 at June 30, 2010 and
78,067,261 at June 30, 2009 2.7 2.6
Paid-in capital 1,428.7 1,145.6
Retained earnings 3,564.0 3,195.0
Accumulated other comprehensive loss (196.7) (117.1)
4,798.7 4,226.1
Less: Treasury stock, at cost; 70,125,805 Class A shares at June 30, 2010 and
65,294,477 Class A shares at June 30, 2009 (2,850.3) (2,586.1)
Total stockholders’ equity — The Estée Lauder Companies Inc. 1,948.4 1,640.0
Noncontrolling interests 17.0 24.0
Total equity 1,965.4 1,664.0
Total liabilities and equity $ 5,335.6 $ 5,176.6
2010
$ 1,120.7
746.2
826.6
427.5
3,121.0
1,023.6
12.2
752.5
109.5
316.8
1,191.0
$ 5,335.6
$ 23.4
425.2
5.6
1,118.0
1,572.2
1,205.0
163.3
429.7
1,798.0
2.7
1,428.7
3,564.0
(196.7)
4,798.7
(2,850.3)
1,948.4
17.0
1,965.4
$ 5,335.6
See notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS