ESTEE LAUDER COMPANIES INC
For the period ended Jun 30, 2026. Filed Aug 19, 2026.
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FY2026 · Filed Aug 19, 2026
EL$113.43+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows F-
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended June 30, | |||
|---|---|---|---|
| (In millions) | 2026 | 2025 | 2024 |
| Cash flows from operating activities | |||
| Net earnings (loss) | $182 | $(1,133) | $409 |
| Adjustments to reconcile net earnings (loss) to net cash flows from operating activities: | |||
| Depreciation and amortization | 796 | 829 | 825 |
| Deferred income taxes | (164) | (396) | (265) |
| Non-cash stock-based compensation | 310 | 304 | 325 |
| Net loss on disposal of property, plant and equipment | 26 | 19 | 9 |
| Non-cash restructuring and other charges | 57 | 20 | 7 |
| Pension and post-retirement benefit expense | 82 | 76 | 50 |
| Pension and post-retirement benefit contributions | (112) | (92) | (116) |
| Impairment of goodwill and other intangible assets | — | 1,286 | 471 |
| Other adjustments and non-cash items | 6 | 10 | 14 |
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in accounts receivable, net | 8 | 230 | (285) |
| Decrease in inventory and promotional merchandise | 51 | 184 | 766 |
| (Increase) decrease in other assets, net | (8) | (11) | 15 |
| Increase (decrease) in accounts payable | 83 | 21 | (38) |
| Increase (decrease) in other accrued and noncurrent liabilities | 483 | (41) | 209 |
| Decrease in operating lease assets and liabilities, net | (27) | (34) | (36) |
| Net cash flows provided by operating activities | 1,773 | 1,272 | 2,360 |
| Cash flows from investing activities | |||
| Capital expenditures | (457) | (602) | (919) |
| Proceeds from sale of property, plant and equipment | — | 3 | — |
| Proceeds from property, plant and equipment insurance recoveries | 10 | — | — |
| Purchases of investments | (35) | (1) | (18) |
| Proceeds from disposition of investments | 3 | — | — |
| Payment for acquired business | (5) | — | — |
| Settlement of net investment hedges | (5) | (23) | (23) |
| Net cash flows used for investing activities | (489) | (623) | (960) |
| Cash flows from financing activities | |||
| Repayments of current debt, net | — | — | (215) |
| Repayments of commercial paper (maturities after three months) | — | — | (785) |
| Proceeds from issuance of long-term debt, net | — | — | 648 |
| Repayments of long-term debt | (3) | (505) | (10) |
| Debt issuance costs | — | — | (4) |
| Payment of deferred consideration | (300) | — | — |
| Settlement of cross-currency swaps | 116 | 20 | 18 |
| Net proceeds from stock-based compensation transactions | 53 | 15 | 40 |
| Dividends paid to stockholders | (508) | (618) | (947) |
| Payments to acquire treasury stock | (70) | (35) | (35) |
| Payment for acquisition of noncontrolling interest | — | (21) | — |
| Payment for acquisition of redeemable noncontrolling interest | — | — | (745) |
| Net cash flows used for financing activities | (712) | (1,144) | (2,035) |
| Effect of exchange rate changes on Cash and cash equivalents | 5 | 21 | 1 |
| Net increase (decrease) in Cash and cash equivalents | 577 | (474) | (634) |
| Cash and cash equivalents at beginning of year | 2,921 | 3,395 | 4,029 |
| Cash and cash equivalents at end of year | $3,498 | $2,921 | $3,395 |
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