Estee Lauder 2014 Annual Report Download - page 53

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YEAR ENDED JUNE 30 2014 2013 2012
(In millions)
NET SALES
By Region:
The Americas $ 4,572.3 $ 4,302.9 $4,101.1
Europe, the Middle East & Africa 4,163.7 3,758.7 3,603.2
Asia/Pacific 2,232.7 2,121.6 2,011.4
10,968.7 10,183.2 9,715.7
Returns associated with restructuring activities 0.1 (1.5) (2.1)
Net Sales $10,968.8 $10,181.7 $9,713.6
By Product Category:
Skin Care $ 4,769.8 $ 4,465.3 $4,225.2
Makeup 4,210.2 3,876.9 3,696.8
Fragrance 1,425.0 1,310.8 1,271.0
Hair Care 515.6 488.9 462.4
Other 48.1 41.3 60.3
10,968.7 10,183.2 9,715.7
Returns associated with restructuring activities 0.1 (1.5) (2.1)
Net Sales $10,968.8 $10,181.7 $9,713.6
OPERATING INCOME (LOSS)
By Region:
The Americas $ 537.3 $ 423.2 $ 288.4
Europe, the Middle East & Africa 938.3 813.4 746.3
Asia/Pacific 349.1 307.2 340.2
1,824.7 1,543.8 1,374.9
Total charges associated with restructuring activities 2.9 (17.8) (63.2)
Operating Income $ 1,827.6 $ 1,526.0 $1,311.7
By Product Category:
Skin Care $ 975.8 $ 830.1 $ 746.7
Makeup 715.9 580.4 538.0
Fragrance 104.1 120.3 100.1
Hair Care 33.7 26.7 12.2
Other (4.8) (13.7) (22.1)
1,824.7 1,543.8 1,374.9
Total charges associated with restructuring activities 2.9 (17.8) (63.2)
Operating Income $ 1,827.6 $ 1,526.0 $1,311.7
20142014
$ 4,572.3$ 4,572.3
4,163.74,163.7
2,232.72,232.7
10,968.710,968.7
0.10.1
$10,968.8$10,968.8
$ 4,769.8$ 4,769.8
4,210.24,210.2
1,425.01,425.0
515.6515.6
48.148.1
10,968.710,968.7
0.10.1
$10,968.8$10,968.8
$ 537.3$ 537.3
938.3938.3
349.1349.1
1,824.71,824.7
2.92.9
$ 1,827.6$ 1,827.6
$ 975.8$ 975.8
715.9715.9
104.1104.1
33.733.7
(4.8)(4.8)
1,824.71,824.7
2.92.9
$ 1,827.6$ 1,827.6
The following table presents certain consolidated earnings data as a percentage of net sales:
YEAR ENDED JUNE 30 2014 2013 2012
Net sales 100.0% 100.0% 100.0%
Cost of sales 19.7 19.9 20.5
Gross profit 80.3 80.1 79.5
Operating expenses:
Selling, general and administrative 63.6 64.8 65.1
Restructuring and other charges —0.1 0.7
Goodwill impairment —0.1 —
Impairment of other intangible assets —0.1 0.2
Total operating expenses 63.6 65.1 66.0
Operating income 16.7 15.0 13.5
Interest expense, net 0.5 0.5 0.6
Interest expense on debt extinguishment —0.2 —
Other income —0.2 0.1
Earnings before income taxes 16.2 14.5 13.0
Provision for income taxes 5.2 4.5 4.1
Net earnings 11.0 10.0 8.9
Net earnings attributable to noncontrolling interests —— —
Net earnings attributable to The Estée Lauder Companies Inc. 11.0% 10.0% 8.9%
20142014
100.0%100.0%
19.719.7
80.380.3
63.663.6
——
——
——
63.663.6
16.716.7
0.50.5
——
——
16.216.2
5.25.2
11.011.0
——
11.0%11.0%
THE EST{E LAUDER COMPANIES INC. 51