← ESTEE LAUDER COMPANIES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $2.4b $1.0b $409.0m ($1.1b)
Net Income (Loss) Attributable to Parent $1.1b $1.2b $1.1b $1.8b $684.0m — $2.4b $1.0b $390.0m ($1.1b)
Net Income (Loss) Available to Common Stockholders, Basic $1.1b $1.2b $1.1b $1.8b $684.0m $2.9b $2.4b $1.0b $390.0m ($1.1b)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.1b $1.3b $1.1b $1.8b $696.0m $2.9b $2.4b $1.0b $409.0m ($1.1b)
Net Income (Loss) Attributable to Noncontrolling Interest $6.2m $7.0m $9.0m $9.0m $12.0m $12.0m $7.0m $0 $0 —
Depreciation, Depletion and Amortization $414.7m $464.0m $531.0m $557.0m $611.0m $651.0m $727.0m $744.0m $825.0m $829.0m
Amortization of Intangible Assets $15.8m $35.0m $51.0m $51.0m $73.0m $110.0m $160.0m $145.0m $144.0m $131.0m
Other Depreciation and Amortization $401.2m $428.0m $469.0m $495.0m $514.0m $516.0m $543.0m $577.0m $663.0m $684.0m
Depreciation Amortization Depletion — — — — — — $727.0m $744.0m $825.0m $829.0m
Deferred Income Tax Expense (Benefit) ($94.1m) ($118.0m) $175.0m ($66.0m) ($143.0m) ($230.0m) ($149.0m) ($186.0m) ($265.0m) ($396.0m)
Deferred Income Tax — — — — — — ($149.0m) ($186.0m) ($265.0m) ($396.0m)
Deferred Tax — — — — — — ($149.0m) ($186.0m) ($265.0m) ($396.0m)
Share-based Payment Arrangement, Noncash Expense $183.5m $219.0m $236.0m $243.0m $213.0m $327.0m $331.0m $267.0m $325.0m $304.0m
Goodwill and Intangible Asset Impairment — $31.0m — $90.0m $1.4b $188.0m $241.0m $207.0m $471.0m $1.3b
Goodwill, Impairment Loss — $28.0m — $68.0m $812.0m $54.0m $0 $0 $291.0m $13.0m
Operating Lease, Impairment Loss — — — — $131.0m $25.0m — — — —
Asset Impairment Charge — — — — — — $241.0m $207.0m $471.0m $1.3b
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — $534.0m $847.0m $1.0m $0 $0 —
Gain (Loss) on Disposition of Property Plant Equipment ($17.3m) ($5.0m) ($15.0m) ($17.0m) ($20.0m) ($23.0m) ($8.0m) ($13.0m) ($9.0m) ($19.0m)
Income Tax Expense (Benefit) $434.4m $361.0m $863.0m $513.0m $350.0m $456.0m $628.0m $387.0m $363.0m $93.0m
Interest Expense Nonoperating — — — — — — — — — $357.0m
Earnings (Loss)es From Equity Investments — — — — — — ($1.0m) $0 $0 —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $100.9m $92.0m $105.0m $169.0m ($625.0m) $398.0m $10.0m ($185.0m) $285.0m ($230.0m)
Increase (Decrease) in Inventories $69.0m $85.0m $147.0m $375.0m $3.0m $140.0m $602.0m $64.0m ($766.0m) ($184.0m)
Foreign Currency Transaction Gain (Loss), before Tax $15.7m $15.0m ($95.0m) $46.0m $51.0m ($12.0m) ($11.0m) $57.0m $77.0m $58.0m
Gain (Loss) Related to Litigation Settlement — — — — — — — — — ($159.0m)
Goodwill $1.2b $1.9b $1.9b $1.9b $1.4b $2.6b $2.5b $2.5b $2.1b $2.1b
Operating Expenses $7.5b $7.7b $8.8b $9.2b $10.1b $9.8b $10.3b $9.8b $10.2b $11.4b
Proceeds from Stock Options Exercised $84.4m $141.0m $182.0m $192.0m $180.0m $215.0m $151.0m $88.0m $40.0m $15.0m
Restructuring Costs $18.6m $3.0m $1.0m — $20.0m $76.0m $14.0m $36.0m $7.0m $20.0m
Beginning Cash Position — — — — — — $5.0b $4.0b $4.0b $3.4b
Cash Flow From Continuing Financing Activities — — — — — — ($3.0b) $1.6b ($2.0b) ($1.1b)
Cash Flow From Continuing Investing Activities — — — — — — ($945.0m) ($3.2b) ($960.0m) ($623.0m)
Change In Account Payable — — — — — — $210.0m ($333.0m) ($38.0m) $21.0m
Change In Accrued Expense — — — — — — $1.0m ($129.0m) $209.0m ($41.0m)
Change In Inventory — — — — — — ($602.0m) ($64.0m) $766.0m $184.0m
Change In Other Current Assets — — — — — — ($101.0m) $26.0m $15.0m ($11.0m)
Change In Other Working Capital — — — — — — ($52.0m) ($41.0m) ($36.0m) ($34.0m)
Change In Payable — — — — — — $210.0m ($333.0m) ($38.0m) $21.0m
Change In Payables And Accrued Expense — — — — — — $211.0m ($462.0m) $171.0m ($20.0m)
Change In Receivables — — — — — — ($10.0m) $185.0m ($285.0m) $230.0m
Change In Working Capital — — — — — — ($554.0m) ($356.0m) $631.0m $349.0m
Changes In Account Receivables — — — — — — ($10.0m) $185.0m ($285.0m) $230.0m
Changes In Cash — — — — — — ($941.0m) $104.0m ($635.0m) ($495.0m)
End Cash Position — — — — — — $4.0b $4.0b $3.4b $2.9b
Financing Cash Flow — — — — — — ($3.0b) $1.6b ($2.0b) ($1.1b)
Free Cash Flow — — — — — — $2.0b ($1.6b) $1.4b $670.0m
Gain Loss On Sale Of PPE — — — — — — $8.0m $13.0m $9.0m $19.0m
Investing Cash Flow — — — — — — ($945.0m) ($3.2b) ($960.0m) ($623.0m)
Net Business Purchase And Sale — — — — — — ($3.0m) $0 $0 —
Net Intangibles Purchase And Sale — — — — — — $0 ($2.3b) $0 $0
Net PPE Purchase And Sale — — — — — — — $0 $0 $3.0m
Operating Gains Losses — — — — — — $85.0m $66.0m $59.0m $95.0m
Other Non Cash Items — — — — — — ($49.0m) ($21.0m) ($95.0m) ($62.0m)
Pension And Employee Benefit Expense — — — — — — $78.0m $53.0m $50.0m $76.0m
Proceeds From Stock Option Exercised — — — — — — $151.0m $88.0m $40.0m $15.0m
Purchase Of Business — — — — — — ($3.0m) $0 $0 —
Purchase Of Intangibles — — — — — — $0 ($2.3b) $0 $0
Repurchase Of Capital Stock — — — — — — ($2.3b) ($271.0m) ($35.0m) ($35.0m)
Sale Of PPE — — — — — — — $0 $0 $3.0m
Stock Based Compensation — — — — — — $331.0m $267.0m $325.0m $304.0m
Other Operating Income (Expense), Net — — — $71.0m $557.0m $847.0m $1.0m $0 $0 —
Net Cash Provided by (Used in) Operating Activities $1.8b $1.8b $2.6b $2.5b $2.3b $3.6b $3.0b $1.7b $2.4b $1.3b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $525.3m $504.0m $629.0m $744.0m $623.0m $637.0m $1.0b $1.0b $919.0m $602.0m
Capital Expenditure Reported $525.3m $504.0m $629.0m $744.0m $623.0m $637.0m ($1.0b) ($1.0b) ($919.0m) ($602.0m)
Payments to Acquire Businesses, Net of Cash Acquired $101.3m $1.7b $11.0m — $1.0b $1.1b $3.0m $0 $0 —
Payments to Acquire Investments $2.0b $1.3b $478.0m $14.0m $5.0m $42.0m $10.0m $8.0m $18.0m $1.0m
Net Investment Purchase And Sale — — — — — — $98.0m $72.0m ($41.0m) ($24.0m)
Purchase Of Investment — — — — — — ($10.0m) ($8.0m) ($41.0m) ($24.0m)
Sale Of Investment — — — — — — $108.0m $80.0m — —
Net Cash Provided by (Used in) Investing Activities — ($2.2b) ($369.0m) $473.0m ($1.7b) ($1.9b) ($945.0m) ($3.2b) ($960.0m) ($623.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $616.2m $1.5b — — — — — — — —
Issuance Of Debt — — — — — — $0 $3.0b $648.0m $0
Long Term Debt Issuance — — — — — — $0 $2.0b $648.0m $0
Net Issuance Payments Of Debt — — — — — — ($22.0m) $2.7b ($362.0m) ($505.0m)
Net Long Term Debt Issuance — — — — — — ($18.0m) $1.7b $638.0m ($505.0m)
Net Short Term Debt Issuance — — — — — — ($4.0m) $983.0m ($1.0b) $0
Short Term Debt Issuance — — — — — — $0 $983.0m $0 $0
Long Term Debt Payments — — — — — — ($18.0m) ($265.0m) ($10.0m) ($505.0m)
Repayment Of Debt — — — — — — ($22.0m) ($265.0m) ($1.0b) ($505.0m)
Short Term Debt Payments — — — — — — ($4.0m) $0 ($1.0b) $0
Net Common Stock Issuance — — — — — — ($2.3b) ($271.0m) ($35.0m) ($35.0m)
Payments for Repurchase of Common Stock $889.9m $413.0m $759.0m $1.6b $893.0m $733.0m $2.3b $271.0m $35.0m $35.0m
Payments of Ordinary Dividends, Common Stock $422 $486 $546 $609 $503 $753 $840 $925 $947 $618
Common Stock Payments — — — — — — ($2.3b) ($271.0m) ($35.0m) ($35.0m)
Dividends Payable ($1) — — — — — — — — —
Cash Dividends Paid — — — — — — ($840.0m) ($925.0m) ($947.0m) ($618.0m)
Net Other Financing Charges — — — — — — ($16.0m) ($15.0m) ($731.0m) ($1.0m)
Net Cash Provided by (Used in) Financing Activities — $630.0m ($1.2b) ($2.2b) $1.5b ($1.9b) ($3.0b) $1.6b ($2.0b) ($1.1b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $61.0m ($60.0m) ($32.0m) $1.0m $21.0m
Effect Of Exchange Rate Changes — — — — — — ($60.0m) ($32.0m) $1.0m $21.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $806.0m $2.0b ($64.0m) ($1.0b) $72.0m ($634.0m) ($474.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $3.0b $5.0b $5.0b $4.0b $4.0b $3.4b $2.9b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($1.0b) $72.0m ($634.0m) ($474.0m)
Income Tax Paid Supplemental Data — — — — — — — $665.0m $550.0m $630.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities — $96.0m $128.0m $131.0m $153.0m $166.0m $163.0m $235.0m $359.0m $353.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.