Estee Lauder 2002 Annual Report Download - page 55

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THEEST{E LAUDER COMPANIES INC.
CONSOLIDATED BALANCE SHEETS
JUNE 30 2002 2001
(In millions, except share data)
ASSETS
Current Assets
Cash and cash equivalents $546.9 $ 346.7
Accounts receivable, net 624.8 580.6
Inventory and promotional merchandise, net 544.5 630.3
Prepaid expenses and other current assets 211.4 181.3
Total current assets 1,927.6 1,738.9
Property, Plant and Equipment, net 580.7 528.7
Other Assets
Investments, at cost or market value 30.3 41.0
Deferred income taxes 72.7 70.1
Goodwill, net 675.6 699.7
Other intangible assets, net 18.4 21.0
Other assets, net 111.2 119.4
Total other assets 908.2 951.2
Total assets $3,416.5 $3,218.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term debt $6.6 $ 5.8
Accounts payable 216.4 239.8
Accrued income taxes 110.0 79.0
Other accrued liabilities 626.6 532.1
Total current liabilities 959.6 856.7
Noncurrent Liabilities
Long-term debt 403.9 410.9
Other noncurrent liabilities 231.1 239.1
Total noncurrent liabilities 635.0 650.0
Commitments and Contingencies (Note 15)
$6.50 Cumulative Redeemable Preferred Stock, at redemption value 360.0 360.0
Stockholders’ Equity
Common stock, $.01 par value; 650,000,000 shares Class A authorized; shares issued:
131,567,986 in 2002 and 126,053,825 in 2001; 240,000,000 shares Class B authorized;
shares issued and outstanding: 108,412,533 in 2002 and 113,490,293 in 2001 2.4 2.4
Paid-in capital 268.8 258.3
Retained earnings 1,363.7 1,242.7
Accumulated other comprehensive income (loss) (92.5) (120.5)
1,542.4 1,382.9
Less: Treasury stock, at cost; 2,377,860 Class A shares at June 30, 2002 and
877,860 Class A shares at June 30, 2001 (80.5) (30.8)
Total stockholders’ equity 1,461.9 1,352.1
Total liabilities and stockholders’ equity $3,416.5 $3,218.8
See notes to consolidated financial statements.
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