Estee Lauder 2010 Annual Report Download - page 88

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THE EST{E LAUDER COMPANIES INC. 87
YEAR ENDED JUNE 30 2010 2009 2008
(In millions)
NET SALES
By Region:
The Americas $3,442.1 $3,421.2 $3,711.5
Europe, the Middle East & Africa 2,859.3 2,611.3 3,006.7
Asia/Pacific 1,510.1 1,299.4 1,192.6
7,811.5 7,331.9 7,910.8
Returns associated with restructuring activities (15.7) (8.1) —
$7,795.8 $7,323.8 $7,910.8
By Product Category:
Skin Care $3,227.1 $2,886.0 $2,996.8
Makeup 2,978.2 2,830.9 3,000.4
Fragrance 1,136.9 1,150.9 1,432.0
Hair Care 413.9 402.4 427.1
Other 55.4 61.7 54.5
7,811.5 7,331.9 7,910.8
Returns associated with restructuring activities (15.7) (8.1) —
$7,795.8 $7,323.8 $7,910.8
OPERATING INCOME (LOSS)
By Region:
The Americas $ 161.5 $ 115.2 $ 228.3
Europe, the Middle East & Africa 500.8 229.7 433.1
Asia/Pacific 212.3 165.2 149.7
874.6 510.1 811.1
Total charges associated with restructuring activities (84.7) (91.7) (0.4)
$ 789.9 $ 418.4 $ 810.7
By Product Category:
Skin Care $ 434.3 $ 294.1 $ 405.6
Makeup 416.8 279.8 359.4
Fragrance 26.3 (60.8) 36.2
Hair Care (6.2) 1.1 11.5
Other 3.4 (4.1) (1.6)
874.6 510.1 811.1
Total charges associated with restructuring activities (84.7) (91.7) (0.4)
$ 789.9 $ 418.4 $ 810.7
2010
$3,442.1
2,859.3
1,510.1
7,811.5
(15.7)
$7,795.8
$3,227.1
2,978.2
1,136.9
413.9
55.4
7,811.5
(15.7)
$7,795.8
$ 161.5
500.8
212.3
874.6
(84.7)
$ 789.9
$ 434.3
416.8
26.3
(6.2)
3.4
874.6
(84.7)
$ 789.9
The following table presents certain consolidated earnings data as a percentage of net sales:
YEAR ENDED JUNE 30 2010 2009 2008
Net sales 100.0% 100.0% 100.0%
Cost of sales 23.5 25.7 25.2
Gross profit 76.5 74.3 74.8
Operating expenses:
Selling, general and administrative 65.0 66.7 64.3
Restructuring and other special charges 0.8 1.0 —
Goodwill impairment 0.2 0.2 —
Impairment of other intangible and long-lived assets 0.4 0.7 0.2
66.4 68.6 64.5
Operating income 10.1 5.7 10.3
Interest expense, net 1.0 1.0 0.9
Interest expense on debt extinguishment 0.3 — —
Earnings before income taxes 8.8 4.7 9.4
Provision for income taxes 2.6 1.6 3.3
Net earnings 6.2 3.1 6.1
Net earnings attributable to noncontrolling interests (0.1) (0.1) (0.1)
Net earnings attributable to The Estée Lauder Companies Inc. 6.1% 3.0% 6.0%
2010
100.0%
23.5
76.5
65.0
0.8
0.2
0.4
66.4
10.1
1.0
0.3
8.8
2.6
6.2
(0.1)
6.1%