Estee Lauder 2008 Annual Report Download - page 79

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JUNE 30 2008 2007
($ in millions)
ASSETS
Current Assets
Cash and cash equivalents $ 401.7 $ 253.7
Accounts receivable, net 1,038.8 860.5
Inventory and promotional merchandise, net 987.2 855.8
Prepaid expenses and other current assets 359.5 269.4
Total current assets 2,787.2 2,239.4
Property, Plant and Equipment, net 1,043.1 880.8
Other Assets
Investments, at cost or market value 24.1 22.2
Goodwill and other intangible assets, net 900.8 764.7
Other assets, net 256.0 218.6
Total other assets 1,180.9 1,005.5
Total assets $ 5,011.2 $ 4,125.7
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term debt $ 118.7 $ 60.4
Accounts payable 361.7 314.7
Accrued income taxes 151.2 161.7
Other accrued liabilities 1,067.6 963.9
Total current liabilities 1,699.2 1,500.7
Noncurrent Liabilities
Long-term debt 1,078.2 1,028.1
Other noncurrent liabilities 554.0 376.6
Total noncurrent liabilities 1,632.2 1,404.7
Commitments and Contingencies (Note 15)
Minority Interest 26.6 21.3
Stockholders’ Equity
Common stock, $.01 par value; 650,000,000 shares Class A authorized; shares issued:
180,754,534 at June 30, 2008 and 173,365,104 at June 30, 2007; 240,000,000 shares
Class B authorized; shares issued and outstanding: 78,067,261 at June 30, 2008 and
81,804,761 at June 30, 2007 2.6 2.6
Paid-in capital 979.0 801.7
Retained earnings 3,085.1 2,731.5
Accumulated other comprehensive income 110.8 54.7
4,177.5 3,590.5
Less: Treasury stock, at cost; 63,914,699 Class A shares at June 30, 2008 and
60,841,674 Class A shares at June 30, 2007 (2,524.3) (2,391.5)
Total stockholders’ equity 1,653.2 1,199.0
Total liabilities and stockholders’ equity $ 5,011.2 $ 4,125.7
See notes to consolidated fi nancial statements.
THE EST{E LAUDER COMPANIES INC. 77
CONSOLIDATED BALANCE SHEETS