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Estée Lauder Cos. Inc. (EL)


Analysis of Revenues

High level of difficulty


Accounting Policy on Revenue Recognition

During the first quarter of fiscal 2019, Estée Lauder adopted the new revenue accounting standard, Accounting Standards Codification Topic 606 – Revenue from Contracts with Customers (“ASC 606”).

Source: 10-K (filing date: 2019-08-23).


Revenues as Reported

Estée Lauder Cos. Inc., Income Statement, Revenues

US$ in millions

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12 months ended Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Skin Care 6,551  5,595  4,527  4,446  4,479  4,770 
Makeup 5,860  5,633  5,054  4,703  4,305  4,210 
Fragrance 1,802  1,826  1,637  1,487  1,416  1,425 
Hair Care 584  570  539  554  531  516 
Other 69  67  69  74  50  48 
Returns associated with restructuring and other activities (3) (8) (2) (1) —  — 
Net sales 14,863  13,683  11,824  11,262  10,780  10,969 

Based on: 10-K (filing date: 2019-08-23), 10-K (filing date: 2018-08-24), 10-K (filing date: 2017-08-25), 10-K (filing date: 2016-08-24), 10-K (filing date: 2015-08-20), 10-K (filing date: 2014-08-20).

Item Description The company
Net sales Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Estée Lauder Cos. Inc.’s net sales increased from 2017 to 2018 and from 2018 to 2019.