Estée Lauder Companies Inc (EL) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2025-06-30

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Estée Lauder Companies Inc cash flow reconciliation, Jul 1, 2024 through Jun 30, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Impairment of goodwill and other intangible assets → operating reconciliation: $1,286,000,000.00Depreciation and amortization → operating reconciliation: $829,000,000.00Non-cash stock-based compensation → operating reconciliation: $304,000,000.00Decrease (increase) in accounts receivable, net → operating reconciliation: $230,000,000.00Decrease (increase) in inventory and promotional merchandise → operating reconciliation: $184,000,000.00Pension and post-retirement benefit expense → operating reconciliation: $76,000,000.00Increase (decrease) in accounts payable → operating reconciliation: $21,000,000.00Non-cash restructuring and other charges → operating reconciliation: $20,000,000.00Net loss on disposal of property, plant and equipment → operating reconciliation: $19,000,000.00Other adjustments and non-cash items → operating reconciliation: $10,000,000.00operating reconciliation → Net cash from operating activities: $1,272,000,000.00operating reconciliation → Net (loss) earnings: $1,133,000,000.00operating reconciliation → Deferred income taxes: $396,000,000.00operating reconciliation → Pension and post-retirement benefit contributions: $92,000,000.00operating reconciliation → (Decrease) increase in other accrued and noncurrent liabilities: $41,000,000.00operating reconciliation → Decrease in operating lease assets and liabilities, net: $34,000,000.00operating reconciliation → (Increase) decrease in other assets, net: $11,000,000.00Proceeds from sale of property, plant and equipment → investing reconciliation: $3,000,000.00Net cash used in investing activities → investing reconciliation: $623,000,000.00investing reconciliation → Capital expenditures: $602,000,000.00investing reconciliation → Settlement of net investment hedges: $23,000,000.00investing reconciliation → Purchases of investments: $1,000,000.00Net cash used in financing activities → financing reconciliation: $1,144,000,000.00Settlement of cross-currency swaps → financing reconciliation: $20,000,000.00Net proceeds from stock-based compensation transactions → financing reconciliation: $15,000,000.00financing reconciliation → Dividends paid to stockholders: $618,000,000.00financing reconciliation → Repayments of long-term debt: $505,000,000.00financing reconciliation → Payments to acquire treasury stock: $35,000,000.00financing reconciliation → Payment for acquisition of noncontrolling interest: $21,000,000.00Exchange-rate effect → Cash sources and uses: $21,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,395,000,000.00Net cash from operating activities → Cash sources and uses: $1,272,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,921,000,000.00Cash sources and uses → Net cash used in investing activities: $623,000,000.00Cash sources and uses → Net cash used in financing activities: $1,144,000,000.00Other adjustments and non-cash items: $10,000,000.00Other non-cash items+$10.00 MDecrease (increase) in inventory and promotional merchandise: $184,000,000.00Inventories+$184.00 MNon-cash restructuring and other charges: $20,000,000.00Restructuring charges+$20.00 MDepreciation and amortization: $829,000,000.00Depreciation & amortization+$829.00 MImpairment of goodwill and other intangible assets: $1,286,000,000.00Goodwill & intangible impairment+$1.29 BIncrease (decrease) in accounts payable: $21,000,000.00Trade payables+$21.00 MPension and post-retirement benefit contributions: -$92,000,000.00Pension & retiree contributions−$92.00 MNet (loss) earnings: -$1,133,000,000.00Net (loss) earnings−$1.13 BNet loss on disposal of property, plant and equipment: $19,000,000.00PP&E disposal gain & loss+$19.00 M(Decrease) increase in other accrued and noncurrent liabilities: -$41,000,000.00Other operating liabilities−$41.00 MDecrease in operating lease assets and liabilities, net: -$34,000,000.00Lease asset & liability, net−$34.00 MDeferred income taxes: -$396,000,000.00Deferred income taxes−$396.00 MNon-cash stock-based compensation: $304,000,000.00Stock-based compensation+$304.00 MPension and post-retirement benefit expense: $76,000,000.00Pension & postretirement expense+$76.00 M(Increase) decrease in other assets, net: -$11,000,000.00Other operating assets−$11.00 MDecrease (increase) in accounts receivable, net: $230,000,000.00Accounts receivable+$230.00 MNet cash from operating activities: $1,272,000,000.00Operating cash+$1.27 Boperating reconciliation: $2,979,000,000.00Debt issuance costs: $0.00(Repayments) proceeds of current debt, net: $0.00Repayments of long-term debt: -$505,000,000.00Repayments of long-term debt−$505.00 MPayment for acquisition of noncontrolling interest: -$21,000,000.00Paid to noncontrolling interests−$21.00 MPayment for acquisition of redeemable noncontrolling interest: $0.00Repayments of commercial paper (maturities after three months): $0.00Proceeds from issuance of commercial paper (maturities after three months): $0.00Net proceeds from stock-based compensation transactions: $15,000,000.00Stock option exercises+$15.00 MProceeds from issuance of long-term debt, net: $0.00Dividends paid to stockholders: -$618,000,000.00Common dividends paid−$618.00 MSettlement of cross-currency swaps: $20,000,000.00Financing hedges, net+$20.00 MPayments to acquire treasury stock: -$35,000,000.00Common stock repurchases−$35.00 MNet cash used in financing activities: -$1,144,000,000.00. Cash required to fund net payments.Financing cash−$1.14 Bfinancing reconciliation: $1,179,000,000.00Purchases of investments: -$1,000,000.00Investment purchases−$1.00 MCapital expenditures: -$602,000,000.00PP&E purchases−$602.00 MProceeds from sale of property, plant and equipment: $3,000,000.00PP&E sales+$3.00 MPurchases of other intangible assets: $0.00Settlement of net investment hedges: -$23,000,000.00Investing hedges, net−$23.00 MNet cash used in investing activities: -$623,000,000.00. Cash required to fund net payments.Investing cash−$623.00 Minvesting reconciliation: $626,000,000.00Cash sources and uses: $4,688,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,395,000,000.00Beginning cash$3.40 BEnding cash: Cash, cash equivalents, and restricted cash: $2,921,000,000.00Ending cash$2.92 BExchange-rate effect: $21,000,000.00FX effect+$21.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$1.13B + net operating adjustments $2.41B = operating cash +$1.27BFree cash flow$670.00 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$474.00 MEnding cash − beginning cash
Chart details

Estée Lauder Companies Inc cash flow reconciliation, Jul 1, 2024 through Jun 30, 2025

Cash flows for Jul 1, 2024 through Jun 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Jun 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
3,395,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,272,000,000 US dollars. Net cash provided.
Other adjustments and non-cash items
10,000,000 US dollars
Decrease (increase) in inventory and promotional merchandise
184,000,000 US dollars
Non-cash restructuring and other charges
20,000,000 US dollars
Depreciation and amortization
829,000,000 US dollars
Impairment of goodwill and other intangible assets
1,286,000,000 US dollars
Increase (decrease) in accounts payable
21,000,000 US dollars
Pension and post-retirement benefit contributions
negative 92,000,000 US dollars
Net (loss) earnings
negative 1,133,000,000 US dollars
Net loss on disposal of property, plant and equipment
19,000,000 US dollars
(Decrease) increase in other accrued and noncurrent liabilities
negative 41,000,000 US dollars
Decrease in operating lease assets and liabilities, net
negative 34,000,000 US dollars
Deferred income taxes
negative 396,000,000 US dollars
Non-cash stock-based compensation
304,000,000 US dollars
Pension and post-retirement benefit expense
76,000,000 US dollars
(Increase) decrease in other assets, net
negative 11,000,000 US dollars
Decrease (increase) in accounts receivable, net
230,000,000 US dollars
Investing activities
negative 623,000,000 US dollars. Net cash used.
Purchases of investments
negative 1,000,000 US dollars
Capital expenditures
negative 602,000,000 US dollars
Proceeds from sale of property, plant and equipment
3,000,000 US dollars
Purchases of other intangible assets
0 US dollars
Settlement of net investment hedges
negative 23,000,000 US dollars
Financing activities
negative 1,144,000,000 US dollars. Net cash used.
Debt issuance costs
0 US dollars
(Repayments) proceeds of current debt, net
0 US dollars
Repayments of long-term debt
negative 505,000,000 US dollars
Payment for acquisition of noncontrolling interest
negative 21,000,000 US dollars
Payment for acquisition of redeemable noncontrolling interest
0 US dollars
Repayments of commercial paper (maturities after three months)
0 US dollars
Proceeds from issuance of commercial paper (maturities after three months)
0 US dollars
Net proceeds from stock-based compensation transactions
15,000,000 US dollars
Proceeds from issuance of long-term debt, net
0 US dollars
Dividends paid to stockholders
negative 618,000,000 US dollars
Settlement of cross-currency swaps
20,000,000 US dollars
Payments to acquire treasury stock
negative 35,000,000 US dollars
Operating adjustment reconciliation
2,979,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,179,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
626,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
21,000,000 US dollars
Ending cash on Jun 30, 2025
2,921,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
4,688,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 474,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
1,272,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
602,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
670,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$1.13B + net operating adjustments $2.41B = operating cash +$1.27B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,272,000,000 US dollars minus 602,000,000 US dollars equals 670,000,000 US dollars.
Estée Lauder Companies Inc (EL) FY2025 Annual Statement of Cash Flows Sankey chart
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