Estee Lauder 2009 Annual Report Download - page 119
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JUNE 30 2009 2008
($ in millions)
ASSETS
Current Assets
Cash and cash equivalents $ 864.5 $ 401.7
Accounts receivable, net 853.3 1,038.8
Inventory and promotional merchandise, net 795.0 987.2
Prepaid expenses and other current assets 399.7 359.5
Total current assets 2,912.5 2,787.2
Property, Plant and Equipment, net 1,026.7 1,043.1
Other Assets
Investments, at cost or market value 12.7 24.1
Goodwill 759.9 708.9
Other intangible assets, net 150.1 191.9
Other assets 314.7 256.0
Total other assets 1,237.4 1,180.9
Total assets $ 5,176.6 $ 5,011.2
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Short-term debt $ 33.8 $ 118.7
Accounts payable 329.8 361.7
Accrued income taxes 33.2 151.2
Other accrued liabilities 1,062.4 1,067.6
Total current liabilities 1,459.2 1,699.2
Noncurrent Liabilities
Long-term debt 1,387.6 1,078.2
Accrued income taxes 259.1 147.8
Other noncurrent liabilities 406.7 406.2
Total noncurrent liabilities 2,053.4 1,632.2
Commitments and Contingencies (Note 14)
Minority Interest 24.0 26.6
Stockholders’ Equity
Common stock, $.01 par value; 650,000,000 shares Class A authorized; shares issued:
183,921,350 at June 30, 2009 and 180,754,534 at June 30, 2008; 240,000,000 shares
Class B authorized; shares issued and outstanding: 78,067,261 at June 30, 2009 and
June 30, 2008 2.6 2.6
Paid-in capital 1,145.6 979.0
Retained earnings 3,195.0 3,085.1
Accumulated other comprehensive income (loss) (117.1) 110.8
4,226.1 4,177.5
Less: Treasury stock, at cost; 65,294,477 Class A shares at June 30, 2009 and
63,914,699 Class A shares at June 30, 2008 (2,586.1) (2,524.3)
Total stockholders’ equity 1,640.0 1,653.2
Total liabilities and stockholders’ equity $ 5,176.6 $ 5,011.2
See notes to consolidated fi nancial statements.
118 THE EST{E LAUDER COMPANIES INC.
CONSOLIDATED BALANCE SHEETS