The Estée Lauder Companies Inc. (EL) quarterly cash flow statement — complete operating, investing & financing history
The Estée Lauder Companies Inc. (EL) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Cash from Operations | -166M | 576M | 412M | 1.13B | -340M | 601M | 284M | 1.06B | -670M | 889M | 534M | 1.34B | -408M | 714M | 266M | 1.4B | -650M | 1.07B | 123M | 1.93B |
| Operating CF Margin % | -4.47% | 15.88% | 11.1% | 26.6% | -9.77% | 17.62% | 8% | 26.4% | -19.93% | 22.97% | 13.55% | 31.43% | -11.6% | 19.78% | 7.09% | 30.32% | -16.54% | 30.05% | 2.9% | 34.79% |
| Operating CF Growth % | 51.18% | -4.16% | 45.07% | 6.43% | 49.25% | -32.4% | -46.82% | -21.41% | -64.22% | 24.51% | 100.75% | -4% | 37.23% | -33.27% | 116.26% | -27.3% | -702.47% | 25.29% | -84.61% | 18.95% |
| Net Income | 233M | -116M | 89M | 162M | 47M | -546M | 159M | -590M | -156M | -284M | 330M | 313M | 31M | -33M | 156M | 394M | 489M | 52M | 558M | 1.09B |
| Depreciation & Amortization | 191M | 198M | 201M | 197M | 200M | 210M | 204M | 207M | 208M | 211M | 202M | 200M | 198M | 203M | 183M | 175M | 172M | 175M | 178M | 175M |
| Stock-Based Compensation | 70M | 56M | 72M | 94M | 88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -71M | -142M | -33M | 45M | -34M | -62M | -42M | -213M | -79M | -100M | -82M | -26M | -57M | -116M | -39M | 22M | -53M | -59M | -47M | 14M |
| Other Non-Cash Items | 23M | 0 | 49M | 16M | -6M | 485M | 84M | 981M | 73M | 493M | 100M | 141M | 59M | 33M | 86M | 339M | 76M | 80M | 338M | 126M |
| Working Capital Changes | -612M | 580M | 34M | 611M | -635M | 514M | -121M | 672M | -716M | 569M | -16M | 717M | -639M | 627M | -120M | 471M | -1.33B | 822M | -904M | 524M |
| Change in Receivables | -399M | 236M | -102M | 232M | -358M | 307M | -156M | 298M | -219M | 119M | -125M | 198M | -477M | 439M | 41M | 284M | -579M | 538M | -141M | 176M |
| Change in Inventory | -146M | -84M | -44M | 173M | 6M | -31M | 83M | 142M | -10M | 113M | 248M | 343M | 62M | 90M | 2M | 73M | -229M | -204M | -234M | 14M |
| Change in Payables | -111M | 251M | 71M | -35M | -204M | 251M | 68M | 39M | -337M | 251M | -38M | 4M | -255M | -20M | -3M | 65M | -375M | 409M | -159M | 151M |
| Cash from Investing | -61M | -185M | -96M | -92M | -116M | -215M | -135M | -134M | -160M | -970M | -178M | -262M | -295M | -2.69B | -242M | -271M | -14M | -397M | -149M | -261M |
| Capital Expenditures | -69M | -151M | -102M | -108M | -96M | -207M | -122M | -132M | -141M | -217M | -175M | -232M | -295M | -2.63B | -241M | -267M | -152M | -382M | -199M | -254M |
| CapEx % of Revenue | 1.86% | 4.16% | 2.75% | 2.55% | 2.76% | 6.07% | 3.44% | 3.3% | 4.2% | 5.61% | 4.44% | 5.42% | 8.39% | 72.85% | 6.42% | 5.78% | 3.87% | 10.73% | 4.69% | 4.59% |
| Acquisitions | 0 | -5M | 0 | 0 | 0 | 0 | -18M | 0 | 0 | -745M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15M | 0 | -3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 8M | 0 | 0 | 10M | 0 | -8M | 5M | -2M | -18M | 2M | 1M | -26M | 0 | -58M | 0 | 0 | 138M | 0 | 50M | 0 |
| Cash from Financing | -80M | -30M | -263M | -180M | -239M | -128M | -117M | -652M | -226M | -231M | -570M | -270M | -219M | 500M | 1.77B | -381M | -304M | -504M | -741M | -1.06B |
| Debt Issued (Net) | -1M | 0 | -1M | -1M | -1M | -2M | -1M | -501M | -1M | -4M | -352M | -6M | -4M | 731M | 1.98B | -9M | -5M | -2M | -6M | -13M |
| Equity Issued (Net) | 46M | 0 | 4M | -51M | 30M | -15M | 35M | -25M | 5M | 10M | 9M | -26M | 12M | 7M | 30M | -136M | -84M | -287M | -520M | -830M |
| Dividends Paid | -126M | -127M | -126M | -128M | -127M | -126M | -126M | -126M | -240M | -237M | -236M | -238M | -236M | -238M | -236M | -236M | -215M | -216M | -215M | -217M |
| Share Repurchases | -1M | -76M | -3M | -58M | -9M | 0 | 35M | -25M | -10M | -1M | -1M | -30M | -3M | -13M | -1M | -147M | -110M | -311M | -570M | -871M |
| Other Financing | 1M | 97M | -140M | 0 | -141M | 15M | -25M | 0 | 10M | 0 | 9M | 0 | 9M | 0 | 0 | 0 | 0 | 1M | 0 | -1M |
| Net Change in Cash | -300M | 372M | 44M | 863M | -702M | 290M | 45M | 236M | -1.04B | -306M | -238M | 849M | -939M | -1.5B | 1.81B | 787M | -1.02B | 121M | -767M | 608M |
| Free Cash Flow | -235M | 425M | 310M | 1.02B | -436M | 394M | 162M | 925M | -811M | 672M | 359M | 1.11B | -703M | -1.92B | 25M | 1.13B | -802M | 689M | -76M | 1.67B |
| FCF Margin % | -6.33% | 11.72% | 8.35% | 24.05% | -12.53% | 11.55% | 4.56% | 23.1% | -24.13% | 17.36% | 9.11% | 26.01% | -19.98% | -53.06% | 0.67% | 24.55% | -20.41% | 19.35% | -1.79% | 30.2% |
| FCF Growth % | 46.1% | 7.87% | 91.36% | 9.95% | 46.24% | -41.37% | -54.87% | -16.89% | -15.36% | 135.09% | 1336% | -1.85% | 12.34% | -377.94% | 132.89% | -32.22% | -180.42% | 14.26% | -111.46% | 12.58% |
| FCF per Share | -0.64 | 1.17 | 0.85 | 2.79 | -1.20 | 1.09 | 0.45 | 2.57 | -2.26 | 1.87 | 1.00 | 3.09 | -1.95 | -5.34 | 0.07 | 3.15 | -2.22 | 1.91 | -0.21 | 4.57 |
| FCF Conversion (FCF/Net Income) | -0.71x | -4.97x | 4.63x | 6.94x | -7.23x | -1.10x | 1.79x | -1.79x | 4.29x | -3.13x | 1.62x | 4.30x | -13.16x | -21.64x | 1.71x | 3.56x | -1.33x | 20.58x | 0.22x | 1.77x |
| Interest Paid | 0 | 102M | 61M | 106M | 62M | 110M | 64M | 116M | 63M | 0 | 56M | 130M | 58M | 0 | 48M | 61M | 33M | 0 | 30M | 0 |
| Taxes Paid | 0 | 104M | 136M | 147M | 148M | -468M | 141M | 132M | 195M | 0 | 178M | 132M | 131M | 0 | 138M | 136M | 113M | 0 | 309M | 0 |