Estee Lauder 2005 Annual Report Download - page 57

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THE EST{E LAUDER COMPANIES INC.
CONSOLIDATED BALANCE SHEETS
JUNE 30 2005 2004
(In millions, except share data)
ASSETS
Current Assets
Cash and cash equivalents $ 553.3 $ 611.6
Accounts receivable, net 776.6 664.9
Inventory and promotional merchandise, net 768.3 653.5
Prepaid expenses and other current assets 204.4 269.2
Total current assets 2,302.6 2,199.2
Property, Plant and Equipment, net 694.2 647.0
Other Assets
Investments, at cost or market value 12.3 12.6
Goodwill, net 720.6 672.3
Other intangible assets, net 71.8 71.9
Other assets, net 84.3 105.1
Total other assets 889.0 861.9
Total assets $3,885.8 $3,708.1
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term debt $ 263.6 $ 73.8
Accounts payable 249.4 267.3
Accrued income taxes 109.9 109.4
Other accrued liabilities 874.8 871.5
Total current liabilities 1,497.7 1,322.0
Noncurrent Liabilities
Long-term debt 451.1 461.5
Other noncurrent liabilities 228.4 175.6
Total noncurrent liabilities 679.5 637.1
Commitments and Contingencies (see Note 14)
Minority interest 15.8 15.5
Stockholders’ Equity
Common stock, $.01 par value; 650,000,000 shares Class A authorized;
shares issued: 159,837,545 at June 30, 2005 and 150,969,807 at June 30, 2004;
240,000,000 shares Class B authorized; shares issued and outstanding:
87,640,901 at June 30, 2005 and 93,012,901 at June 30, 2004 2.5 2.4
Paid-in capital 465.2 382.3
Retained earnings 2,203.2 1,887.2
Accumulated other comprehensive income 9.4 10.5
2,680.3 2,282.4
Less: Treasury stock, at cost; 27,174,160 Class A shares at June 30, 2005 and
16,455,660 Class A shares at June 30, 2004 (987.5) (548.9)
Total stockholders’ equity 1,692.8 1,733.5
Total liabilities and stockholders’ equity $3,885.8 $3,708.1
See notes to consolidated financial statements.
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