Estee Lauder 2011 Annual Report Download - page 89

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87
$2.16 $2.40 $1.10 $2.38 $3.48
2007 2008 2009 2010 2011
449.2 473.8 218.4 478.3 700.8
2007 2008 2009 2010 2011
19.9 21.0 18.0 14.7 17.0
2007 2008 2009 2010 2011
Net Earnings*†
(In millions)
Diluted Net
Earnings
Per Common Share
*†
Operating
Working Capital
Accounts Receivable Plus Inventory
Less Accounts Payable
(As a percentage of net sales)
$700.8 Million
$3.48
17.0%
* Refer to Selected Financial Data and related footnotes on page 91.
Attributable to The Estée Lauder Companies Inc.
Does not represent a measure of the Company’s operating results as defined under U.S. generally accepted accounting principles.