Stock Analysis on Net
Stock Analysis on Net

Estée Lauder Cos. Inc. (NYSE:EL)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 18, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Estée Lauder Cos. Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 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
Current debt
Accounts payable
Current operating lease liabilities
Other accrued liabilities
Current liabilities
Long-term debt, excluding current maturities
Long-term operating lease liabilities
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interest
Common stock, $.01 par value
Paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Stockholders’ equity, The Estée Lauder Companies Inc.
Noncontrolling interests
Total equity
Total liabilities, redeemable noncontrolling interest and equity

Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

Current Debt
The proportion of current debt relative to the total of liabilities, redeemable noncontrolling interest, and equity fluctuated over the analyzed periods. Initially declining from 4.52% in September 2017 to a low of 0.14% in December 2018, it then showed intermittent rises peaking at 9.87% in March 2023, suggesting varying short-term borrowing or obligations.
Accounts Payable
Accounts payable as a percentage experienced volatility, ranging mostly between 5% and 9%. The highest point was over 11% in June 2019, indicating changes in payment terms or purchasing patterns. Toward the end, it stabilized around 6-7%, showing relative consistency in trade obligations.
Current Operating Lease Liabilities
Data begins only from September 2019. It showed a gradual downward trend from approximately 2.24% to about 1.52% by June 2023, indicating a reduction in liabilities related to operating leases, possibly due to lease terminations or shifting leasing strategies.
Other Accrued Liabilities
This category portrayed variability, reaching a peak of 21.8% in December 2018, before declining to lower teens percentages in subsequent periods. Fluctuations suggest changing accruals for expenses or obligations, with a recent stable range between 13% and 17%.
Current Liabilities
Current liabilities increased overall from 25.75% in 2017 to a peak around 35% in 2019, followed by a general decline, stabilizing near the mid-20% range. This reflects shifts in short-term obligations, possibly influenced by working capital management and operational needs.
Long-Term Debt (excluding current maturities)
Long-term debt showed a downward trend from approximately 27.72% in late 2017 to lows near 18.76% in September 2019. Afterwards, the percentage experienced a rebound to over 30% by March 2023, indicating increased long-term borrowing or refinancing activity.
Long-Term Operating Lease Liabilities
Starting from September 2019, long-term operating lease liabilities decreased steadily from 15.13% down to 7.25% in June 2023. This signals a significant reduction in leasing obligations, consistent with trends in current operating lease liabilities.
Other Noncurrent Liabilities
These liabilities generally declined over the period, moving from near 10% down to about 6-8% toward 2023, implying management of noncurrent obligations or changes in accounting classification.
Noncurrent Liabilities
Noncurrent liabilities increased from approximately 35% in 2017 to a peak near 48.59% in mid-2020, then trended downward to the mid-40% range more recently. This pattern suggests shifting balances between short- and long-term liabilities over time.
Total Liabilities
Total liabilities rose steadily from about 61.05% in late 2017 to highs over 77% in 2020 before reducing to roughly 70% in 2023, indicating fluctuations in the company’s leverage and obligations relative to the total capitalization.
Redeemable Noncontrolling Interest
This component became noteworthy post-2020, maintaining a consistent presence near 3.5%-4.0%, contributing to the overall capital structure stability.
Common Stock
The common stock percentage remained stable and nominally low (~0.03%-0.05%), reflecting a steady par value component with little change in this equity subtype.
Paid-In Capital
Paid-in capital maintained a range between 25% and 33%, showing minor fluctuations but no strong directional trend. Changes likely reflect share issuance or buybacks.
Retained Earnings
Retained earnings as a percentage fluctuated prominently, declining from about 71.73% in 2017 to lows near 55-57% during 2020-2021, before increasing again to approximately 70.96% in late 2022. This indicates impact from profitability and dividend policies over time.
Accumulated Other Comprehensive Loss
Consistently negative, the accumulated other comprehensive loss varied between approximately -1.95% and -5.39%, signifying unrealized losses and other comprehensive items with some volatility.
Treasury Stock
The treasury stock balance was consistently a large negative component, worsening from about -59% to -71% at its peak in 2018-2019, then gradually decreasing in magnitude back to around -58% in 2023. This reflects substantial buyback activity, with some reduction in treasury shares post-2019.
Stockholders’ Equity
Stockholders’ equity declined markedly from nearly 39% in 2017 down to about 23.85% in 2023, revealing increasing leverage and/or capital structure changes reducing equity proportion.
Noncontrolling Interests
A small and relatively stable component, noncontrolling interests generally hovered near 0.15%-0.22%, with limited data post-2022.
Total Equity
Total equity followed the trajectory of stockholders’ equity, decreasing from around 39% to near 23.85% by mid-2023, reflecting higher reliance on liabilities and other liabilities components in overall capitalization.
Overall Capital Structure
The total liabilities, redeemable noncontrolling interest, and equity composition remained balanced at 100% throughout the periods. The trend signifies increasing leverage from late 2017 through 2020 with a shift back toward more equity proportion in some quarters. Reduction in long-term and current operating leases suggests changes in lease strategies, while treasury stock activity indicates aggressive share repurchase policies followed by moderation.