The Estée Lauder Companies (EL) 10-K Summary — Year Ended Jun 30, 2024
The company reported a decline in revenue and net income for the latest period. Operating cash flow remained positive, supporting liquidity.
Key takeaway
Year ended Jun 30, 2024 · FY2025 10-K
The company reported a decline in revenue and net income for the latest period. Operating cash flow remained positive, supporting liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$15.6B
Revenue reported for the fiscal year.
Operating income
$970M
Income from operations reported for the year.
Net income
$409M
Net income reported for the year.
Operating cash flow
$2.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $16.2B | n/a |
| Jun 30, 2022 | $17.7B | +9.4% |
| Jun 30, 2023 | $15.9B | -10.3% |
| Jun 30, 2024 | $15.6B | -1.9% |
Business overview
The filing includes a business overview section (Item 1) but the supplied context does not contain detailed text. The company's business is described in the filing, but no specific information is available in the extracted data.
Financial performance
Revenue decreased compared to the prior period, while operating income and net income also declined. Cash flow from operations remained strong. The company's financial results reflect challenging market conditions.
Material risks
The filing identifies risk factors in Item 1A, but the supplied context does not elaborate on specific risks. The liquidity discussion highlights reliance on cash flows, credit lines, and debt markets. The company monitors financial institution credit risk.
Liquidity and capital
The company maintains cash and equivalents and uses a combination of operating cash flows, commercial paper, long-term debt, and credit lines to fund operations and investments. The liquidity section notes that these sources are expected to meet working capital and other needs.
What to watch
Investors should monitor the company's revenue trend in the next filing to assess whether the decline has stabilized or reversed.