Stock Analysis on Net

Estée Lauder Cos. Inc. (NYSE:EL)

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

Balance Sheet: Assets 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Estée Lauder Cos. Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Cash and cash equivalents 4,029 3,957 4,958 5,022 2,987 2,181
Short-term investments 534
Accounts receivable, net 1,452 1,629 1,702 1,194 1,831 1,487
Inventory and promotional merchandise 2,979 2,920 2,505 2,062 2,006 1,618
Prepaid expenses and other current assets 679 792 603 614 388 348
Current assets 9,139 9,298 9,768 8,892 7,212 6,168
Property, plant and equipment, net 3,179 2,650 2,280 2,055 2,068 1,823
Operating lease right-of-use assets 1,797 1,949 2,190 2,282
Goodwill 2,486 2,521 2,616 1,401 1,868 1,926
Other intangible assets, net 5,602 3,428 4,095 2,338 1,203 1,276
Other assets 1,212 1,064 1,022 813 805 1,374
Other assets 11,097 8,962 9,923 6,834 3,876 4,576
Noncurrent assets 14,276 11,612 12,203 8,889 5,944 6,399
Total assets 23,415 20,910 21,971 17,781 13,156 12,567

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).


The analysis of the financial data reveals several noteworthy trends in asset composition and overall financial standing over the six-year span ending June 30, 2023.

Cash and Cash Equivalents
There was a substantial increase in cash and cash equivalents from $2,181 million in 2018 to a peak of $5,022 million in 2020, followed by a decrease to around $4,029 million by 2023. This fluctuation suggests active liquidity management possibly aligned with operational or investment needs.
Short-term Investments
Reported only in 2018 at $534 million, no subsequent values are provided, indicating either divestment or changes in classification that affect comparability over time.
Accounts Receivable, Net
After rising to $1,831 million in 2019, accounts receivable declined notably to $1,194 million in 2020, then showed some recovery but remained below earlier peaks, ending at $1,452 million in 2023. This may reflect changes in sales terms or collections efficiency.
Inventory and Promotional Merchandise
This asset category exhibited steady growth from $1,618 million in 2018 to $2,979 million in 2023, indicating increased stock levels possibly due to higher sales volume or inventory buildup strategies.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets grew moderately from $348 million in 2018 to a peak of $792 million in 2022, before declining to $679 million in 2023, suggesting fluctuations in advance payments or other current asset components.
Current Assets
Overall current assets expanded from $6,168 million in 2018 to nearly $9,768 million in 2021, followed by a slight decrease to $9,139 million in 2023, reflecting the combined trends of the constituent components.
Property, Plant and Equipment, Net
There was a consistent increase in net property, plant, and equipment from $1,823 million in 2018 to $3,179 million in 2023, indicative of ongoing capital investment in fixed assets.
Operating Lease Right-of-Use Assets
First reported in 2020 at $2,282 million, this asset declined steadily to $1,797 million in 2023, which may reflect lease terminations or amortization over time.
Goodwill
Goodwill showed a decline from $1,926 million in 2018 to $1,401 million in 2020, then rebounded sharply to $2,616 million in 2021 before slightly decreasing to $2,486 million in 2023, pointing to acquisitions or impairment adjustments.
Other Intangible Assets, Net
This category nearly doubled from $1,276 million in 2018 to $2,338 million in 2020, then surged to $5,602 million in 2023, indicating significant investment or capitalization of intangible assets.
Other Assets
Two line items labeled "Other assets" show volatility. One increased gradually from $1,374 million in 2018 to $1,212 million in 2023, while the other rose substantially from $4,576 million in 2018 to $11,097 million in 2023, denoting possible reclassifications or expanding noncurrent asset holdings.
Noncurrent Assets
Noncurrent assets increased markedly from $6,399 million in 2018 to $14,276 million in 2023, nearly doubling over the period and underscoring substantial investment in long-term resources.
Total Assets
The total assets grew from $12,567 million in 2018 to $23,415 million in 2023, reflecting the overall growth and expansion of the asset base, with a minor dip in 2022 relative to 2021.

Assets: Selected Items


Current Assets: Selected Items