Estee Lauder 2011 Annual Report Download - page 90

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88
2011 Net Sales
By Distribution
Channel
$676.0 Million
Free Cash Flow
Net Cash Flow From Operations
Less Capital Expenditures
Compound Annual
Growth Rate 17.9%
(In millions)
349.5 332.3 416.2 686.1 676.0
2007 2008 2009 2010 2011
Does not represent a measure of the Company’s operating results as defined under U.S. generally accepted accounting principles.
Other 9%
Salon/Spas 5%
Travel Retail 10% 9% Retail Stores
13% Perfumeries
27% International
Department Stores
North American 27%
Department Stores