Estee Lauder 2015 Annual Report Download - page 85

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82 THE EST{E LAUDER COMPANIES INC.
JUNE 30 2015 2014
($ in millions)
ASSETS
Current Assets
Cash and cash equivalents $1,021.4 $1,629.1
Short-term investments 503.7 —
Accounts receivable, net 1,174.5 1,379.3
Inventory and promotional merchandise, net 1,215.8 1,294.0
Prepaid expenses and other current assets 553.1 522.8
Total current assets 4,468.5 4,825.2
Property, Plant and Equipment, net 1,490.2 1,502.6
Other Assets
Long-term investments 420.3 13.6
Goodwill 1,144.8 893.2
Other intangible assets, net 326.6 157.3
Other assets 388.8 476.9
Total other assets 2,280.5 1,541.0
Total assets $8,239.2 $7,868.8
LIABILITIES AND EQUITY
Current Liabilities
Current debt $ 29.8 $ 18.4
Accounts payable 635.4 524.5
Other accrued liabilities 1,470.4 1,513.8
Total current liabilities 2,135.6 2,056.7
Noncurrent Liabilities
Long-term debt 1,607.5 1,324.7
Other noncurrent liabilities 841.8 618.0
Total noncurrent liabilities 2,449.3 1,942.7
Commitments and Contingencies
Equity
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at June 30, 2015
and June 30, 2014; shares issued: 418,530,857 at June 30, 2015 and 412,590,913 at
June 30, 2014; Class B shares authorized: 304,000,000 at June 30, 2015 and June 30, 2014;
shares issued and outstanding: 147,046,137 at June 30, 2015 and 148,728,082 at June 30, 2014
5.7 5.6
Paid-in capital 2,871.6 2,562.7
Retained earnings 7,004.1 6,265.8
Accumulated other comprehensive loss (381.5) (100.3)
9,499.9 8,733.8
Less: Treasury stock, at cost; 190,694,630 Class A shares at June 30, 2015 and
178,434,483 Class A shares at June 30, 2014 (5,856.7) (4,878.9)
Total stockholders’ equity — The Estée Lauder Companies Inc. 3,643.2 3,854.9
Noncontrolling interests 11.1 14.5
Total equity 3,654.3 3,869.4
Total liabilities and equity $8,239.2 $7,868.8
See notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS