Estee Lauder 2013 Annual Report Download - page 121
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YEAR ENDED JUNE 30 2013 2012 2011
(In millions)
NET SALES
By Region:
The Americas $ 4,302.9 $4,101.1 $3,796.3
Europe, the Middle East & Africa 3,758.7 3,603.2 3,257.6
Asia/Pacific 2,121.6 2,011.4 1,760.7
10,183.2 9,715.7 8,814.6
Returns associated with restructuring activities (1.5) (2.1) (4.6)
Net Sales $10,181.7 $9,713.6 $8,810.0
By Product Category:
Skin Care $ 4,465.3 $4,225.2 $3,718.6
Makeup 3,876.9 3,696.8 3,370.8
Fragrance 1,310.8 1,271.0 1,236.0
Hair Care 488.9 462.4 432.3
Other 41.3 60.3 56.9
10,183.2 9,715.7 8,814.6
Returns associated with restructuring activities (1.5) (2.1) (4.6)
Net Sales $10,181.7 $9,713.6 $8,810.0
OPERATING INCOME (LOSS)
By Region:
The Americas $ 423.2 $ 288.4 $ 244.9
Europe, the Middle East & Africa 813.4 746.3 651.9
Asia/Pacific 307.2 340.2 252.0
1,543.8 1,374.9 1,148.8
Total charges associated with restructuring activities (17.8) (63.2) (59.4)
Operating Income $ 1,526.0 $1,311.7 $1,089.4
By Product Category:
Skin Care $ 830.1 $ 746.7 $ 595.1
Makeup 580.4 538.0 493.8
Fragrance 120.3 100.1 80.7
Hair Care 26.7 12.2 (9.1)
Other (13.7) (22.1) (11.7)
1,543.8 1,374.9 1,148.8
Total charges associated with restructuring activities (17.8) (63.2) (59.4)
Operating Income $ 1,526.0 $1,311.7 $1,089.4
20
13
$ 4
,
302.
9
3
,
75
8
.
7
2,
1
2
1
.
6
1
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2
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)
$
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$ 4,465.
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7
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)
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8
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)
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,
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0
The following table presents certain consolidated earnings data as a percentage of net sales:
YEAR ENDED JUNE 30 2013 2012 2011
Net sales 100.0% 100.0% 100.0%
Cost of sales 19.9 20.5 22.0
Gross profit 80.1 79.5 78.0
Operating expenses:
Selling, general and administrative 64.8 65.1 64.7
Restructuring and other charges 0.1 0.7 0.5
Goodwill impairment 0.1 — 0.3
Impairment of other intangible assets 0.1 0.2 0.1
Total operating expenses 65.1 66.0 65.6
Operating income 15.0 13.5 12.4
Interest expense, net 0.5 0.6 0.7
Interest expense on debt extinguishment 0.2 — —
Other income 0.2 0.1 —
Earnings before income taxes 14.5 13.0 11.7
Provision for income taxes 4.5 4.1 3.7
Net earnings 10.0 8.9 8.0
Net earnings attributable to noncontrolling interests — — —
Net earnings attributable to The Estée Lauder Companies Inc. 10.0% 8.9% 8.0%
2013
100.0
%
19
.
9
80.
1
6
4.
8
0.
1
0
.
1
0
.
1
65
.1
15.
0
0
.
5
0.
2
0
.2
1
4.
5
4
.
5
10
.
0
—
10.0
%
THE EST{E LAUDER COMPANIES INC. 119