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.

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Estée Lauder Cos. Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Net sales 15,910 17,737 16,215 14,294 14,863 13,683
Cost of sales (4,564) (4,305) (3,834) (3,552) (3,387) (2,844)
Gross profit 11,346 13,432 12,381 10,742 11,476 10,839
Selling, general and administrative (9,575) (9,888) (9,371) (8,637) (8,857) (8,556)
Restructuring and other charges (55) (133) (204) (73) (216) (231)
Goodwill impairment (54) (812) (68)
Impairments of other intangible and long-lived assets (207) (241) (134) (614) (22)
Operating expenses (9,837) (10,262) (9,763) (10,136) (9,163) (8,787)
Operating income 1,509 3,170 2,618 606 2,313 2,052
Interest expense (255) (167) (173) (161) (133) (128)
Interest income and investment income, net 131 30 51 48 58 56
Other components of net periodic benefit cost 12 2 (12) (4) (2)
Other income, net 1 847 557 71
Earnings before income taxes 1,397 3,036 3,331 1,046 2,307 1,980
Provision for income taxes (387) (628) (456) (350) (513) (863)
Net earnings 1,010 2,408 2,875 696 1,794 1,117
Net earnings attributable to noncontrolling interests and redeemable noncontrolling interest (4) (18) (5) (12) (9) (9)
Net earnings attributable to The Estée Lauder Companies Inc. 1,006 2,390 2,870 684 1,785 1,108

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).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Estée Lauder Cos. Inc. net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Estée Lauder Cos. Inc. operating income increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
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. earnings before income taxes decreased from 2021 to 2022 and from 2022 to 2023.
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. net earnings attributable to The Estée Lauder Companies Inc. decreased from 2021 to 2022 and from 2022 to 2023.