Estee Lauder 2011 Annual Report Download - page 120
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118 THE EST{E LAUDER COMPANIES INC.
JUNE 30 2011 2010
($ in millions)
ASSETS
Current Assets
Cash and cash equivalents $ 1,253.0 $ 1,120.7
Accounts receivable, net 945.6 746.2
Inventory and promotional merchandise, net 995.6 826.6
Prepaid expenses and other current assets 492.3 427.5
Total current assets 3,686.5 3,121.0
Property, Plant and Equipment, net 1,143.1 1,023.6
Other Assets
Goodwill 877.3 752.5
Other intangible assets, net 227.5 109.5
Other assets 339.5 329.0
Total other assets 1,444.3 1,191.0
Total assets $ 6,273.9 $ 5,335.6
LIABILITIES AND EQUITY
Current Liabilities
Current debt $ 138.0 $ 23.4
Accounts payable 446.7 425.2
Accrued income taxes 62.3 5.6
Other accrued liabilities 1,296.3 1,118.0
Total current liabilities 1,943.3 1,572.2
Noncurrent Liabilities
Long-term debt 1,080.1 1,205.0
Accrued income taxes 130.0 163.3
Other noncurrent liabilities 473.5 429.7
Total noncurrent liabilities 1,683.6 1,798.0
Contingencies (Note 14)
Equity
Common stock, $.01 par value; 650,000,000 shares Class A authorized; shares issued:
196,586,976 at June 30, 2011 and 190,767,435 at June 30, 2010; 240,000,000 shares
Class B authorized; shares issued and outstanding: 75,982,041 at June 30, 2011 and
77,082,041 at June 30, 2010 2.7 2.7
Paid-in capital 1,735.6 1,428.7
Retained earnings 4,116.5 3,564.0
Accumulated other comprehensive income (loss) 17.7 (196.7)
5,872.5 4,798.7
Less: Treasury stock, at cost; 75,287,545 Class A shares at June 30, 2011 and 70,125,805
Class A shares at June 30, 2010 (3,243.1) (2,850.3)
Total stockholders’ equity— The Estée Lauder Companies Inc. 2,629.4 1,948.4
Noncontrolling interests 17.6 17.0
Total equity 2,647.0 1,965.4
Total liabilities and equity $ 6,273.9 $ 5,335.6
See notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS