Estee Lauder 2011 Annual Report Download - page 158

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156 THE EST{E LAUDER COMPANIES INC.
NOTE 21
—
UNAUDITED QUARTERLY FINANCIAL DATA
The following summarizes the unaudited quarterly operating results of the Company for fiscal 2011 and 2010:
Quarter Ended
September 30(1) December 31(2) March 31(3) June 30(4) Total Year
(In millions, except per share data)
Fiscal 2011
Net Sales $2,091.7 $2,492.0 $2,165.7 $2,060.6 $8,810.0
Gross Profit 1,603.6 1,950.9 1,683.1 1,635.5 6,873.1
Operating Income 298.0 517.7 209.1 64.6 1,089.4
Net Earnings Attributable to
The Estée Lauder Companies Inc. 191.1 343.9 124.7 41.1 700.8
Net earnings attributable to
The Estée Lauder Companies Inc.
per common share:
Basic .97 1.75 .63 .21 3.56
Diluted .95 1.71 .62 .20 3.48
Fiscal 2010
Net Sales $1,833.4 $2,262.3 $1,860.0 $1,840.1 $7,795.8
Gross Profit 1,388.3 1,736.9 1,415.4 1,425.8 5,966.4
Operating Income 220.4 399.6 126.3 43.6 789.9
Net Earnings Attributable to
The Estée Lauder Companies Inc. 140.7 256.2 57.5 23.9 478.3
Net earnings attributable to
The Estée Lauder Companies Inc.
per common share:
Basic .72 1.30 .29 .12 2.42
Diluted .71 1.28 .28 .12 2.38
(1) Fiscal 2011 first quarter results include charges associated with restructuring activities of $4.6 million ($3.3 million after tax, or $.02 per diluted
common share). Fiscal 2010 first quarter results include charges associated with restructuring activities of $42.3 million ($27.3 million after tax, or
$.14 per diluted common share).
(2) Fiscal 2011 second quarter results include charges associated with restructuring activities of $19.3 million ($11.9 million after tax, or $.06 per
diluted common share). Fiscal 2010 second quarter results include charges associated with restructuring activities of $0.3 million and goodwill and
other intangible asset impairment charges of $45.6 million ($29.7 million after tax, or $.14 per diluted common share).
(3) Fiscal 2011 third quarter results include charges associated with restructuring activities of $23.5 million ($17.9 million after tax, or $.09 per diluted
common share) and goodwill and other intangible asset impairment charges of $36.3 million ($23.3 million after tax, or $.12 per diluted common
share). Fiscal 2010 third quarter results include charges associated with restructuring activities of $16.5 million ($11.4 million after tax, or $.06 per
diluted common share).
(4) Fiscal 2011 fourth quarter results include charges associated with restructuring activities of $12.0 million ($8.6 million after tax, or $.04 per diluted
common share) and other intangible asset impairment charges of $1.7 million ($1.1 million after tax, or $.01 per diluted common share). Fiscal
2010 fourth quarter results include charges associated with restructuring activities of $25.6 million ($16.8 million after tax, or $.08 per diluted
common share), other intangible asset and long-lived asset impairment charges of $2.8 million ($1.8 million after tax, or $.01 per diluted common
share), and interest expense on debt extinguishment of $27.3 million ($17.5 million after tax, or $.09 per diluted common share).