Estee Lauder 2002 Annual Report Download - page 42

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THEEST{E LAUDER COMPANIES INC.41
RESULTS OF OPERATIONS
We manufacture, market and sell skin care, makeup, fragrance and hair care products which are distributed in over 130
countries and territories. The following is a comparative summary of operating results for fiscal 2002, 2001 and 2000 and
reflects the basis of presentation described in Note 2 to the Notes to Consolidated Financial Statements for all periods
presented. Sales of products and services that do not meet our definition of skin care, makeup, fragrance and hair care
have been included in the “other” category.
YEAR ENDED JUNE 30 2002 2001 2000
(In millions)
NET SALES
By Region:
The Americas $2,878.2 $2,857.8 $2,714.0
Europe, the Middle East & Africa 1,261.1 1,221.8 1,142.2
Asia/Pacific 610.6 596.1 584.1
4,749.9 4,675.7 4,440.3
Restructuring* (6.2) (8.0) —
$4,743.7 $4,667.7 $4,440.3
By Product Category:
Skin Care $1,703.3 $1,660.7 $1,577.0
Makeup 1,790.5 1,721.6 1,603.5
Fragrance 1,017.3 1,085.1 1,117.2
Hair Care 215.8 180.7 113.9
Other 23.0 27.6 28.7
4,749.9 4,675.7 4,440.3
Restructuring* (6.2) (8.0) —
$4,743.7 $4,667.7 $4,440.3
OPERATING INCOME
By Region:
The Americas $222.9 $ 299.9 $ 287.9
Europe, the Middle East & Africa 179.9 201.8 168.9
Asia/Pacific 56.0 56.9 59.0
458.8 558.6 515.8
Restructuring and other non-recurring expenses* (117.4) (63.0) —
$341.4 $ 495.6 $ 515.8
By Product Category:
Skin Care $ 248.4 $ 266.9 $ 240.5
Makeup 183.2 212.5 181.8
Fragrance 13.4 63.6 80.6
Hair Care 13.7 13.1 12.4
Other 0.1 2.5 0.5
458.8 558.6 515.8
Restructuring and other non-recurring expenses* (117.4) (63.0) —
$341.4 $ 495.6 $ 515.8
*Refer to the two “Restructuring and Other Non-Recurring Expenses” sections of this Management’s Discussion and Analysis of Financial Condition
and Results of Operations for further information about these charges.