Estée Lauder Cos. Inc. (EL)

Common-Size Income Statement
Quarterly Data

Low level of difficulty

Estée Lauder Cos. Inc., common-size consolidated income statement (quarterly data)

	3 months ended	Sep 30, 2019		Jun 30, 2019		Mar 31, 2019		Dec 31, 2018		Sep 30, 2018		Jun 30, 2018		Mar 31, 2018		Dec 31, 2017		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016		Jun 30, 2016		Mar 31, 2016		Dec 31, 2015		Sep 30, 2015		Jun 30, 2015		Mar 31, 2015		Dec 31, 2014		Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Dec 31, 2013		Sep 30, 2013
	Net sales
	Cost of sales
	Gross profit
	Selling, general and administrative
	Restructuring and other charges
	Goodwill impairment
	Impairment of other intangible assets
	Operating expenses
	Operating income
	Interest expense
	Interest income and investment income, net
	Other components of net periodic benefit cost
	Other income, net
	Earnings before income taxes
	Provision for income taxes
	Net earnings
	Net earnings attributable to noncontrolling interests
	Net earnings attributable to The Estée Lauder Companies Inc.

Income statement item	Description	The company
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Estée Lauder Cos. Inc.’s operating income as a percentage of net sales declined from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 exceeding Q3 2019 level.
Earnings before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Estée Lauder Cos. Inc.’s earnings before income taxes as a percentage of net sales declined from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 exceeding Q3 2019 level.
Net earnings attributable to The Estée Lauder Companies Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Estée Lauder Cos. Inc.’s net earnings attributable to The Estée Lauder Companies Inc. as a percentage of net sales declined from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 exceeding Q3 2019 level.

	Estée Lauder Cos. Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality