For the quarter ending 2025-12-31, EL had $863M increase in cash & cash equivalents over the period. $1,017M in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Net earnings (loss) | 162 | 47 | - | - |
| Net (loss) earnings | - | - | -546 | 159 |
| Depreciation and amortization | 197 | 200 | 210 | 204 |
| Deferred income taxes | 45 | -34 | -62 | -42 |
| Non-cash stock-based compensation | 94 | 88 | 49 | 75 |
| Net loss on disposal of property, plant and equipment | -3 | 0 | -14 | -3 |
| Non-cash restructuring and other charges | 15 | 3 | 3 | 0 |
| Pension and post-retirement benefit expense | 19 | 21 | 18 | 21 |
| Pension and post-retirement benefit contributions | 11 | 28 | 23 | 69 |
| Impairment of goodwill and other intangible assets | 0 | - | 425 | 861 |
| Other adjustments and non-cash items | 10 | 2 | 1 | -4 |
| (increase) decrease in accounts receivable, net | -232 | 358 | -307 | 156 |
| Decrease in inventory and promotional merchandise | -173 | -6 | 31 | -83 |
| Decrease (increase) in other assets, net | -36 | 11 | -22 | -14 |
| Decrease in accounts payable | -35 | -204 | 251 | 68 |
| Increase in other accrued and noncurrent liabilities | 212 | -79 | -22 | -121 |
| Increase (decrease) in operating lease assets and liabilities, net | -7 | 11 | -13 | -9 |
| Net cash flows provided by operating activities | 1,125 | -340 | 601 | 284 |
| Capital expenditures | 108 | 96 | 207 | 122 |
| Proceeds from sale of property, plant and equipment | - | - | 0 | 3 |
| Proceeds from property, plant and equipment insurance recoveries | 10 | - | - | - |
| Purchases of investments | 0 | 0 | 0 | 0 |
| Purchases of other intangible assets | - | - | 0 | - |
| Proceeds from the disposition of investments | 0 | 3 | - | - |
| Settlement of net investment hedges | -6 | 23 | 8 | -5 |
| Net cash flows used for investing activities | -92 | -116 | -215 | -114 |
| (repayments) proceeds of current debt, net | - | - | 0 | 0 |
| Proceeds from issuance of long-term debt, net | - | - | 0 | 0 |
| Repayments of long-term debt | - | - | -505 | - |
| Debt issuance costs | - | - | 0 | 0 |
| Proceeds from issuance of commercial paper (maturities after three months) | - | - | 0 | - |
| Repayments of commercial paper (maturities after three months) | - | - | 0 | 0 |
| Repayments of long-term debt | 502 | -508 | - | 8 |
| Payment of deferred consideration | 0 | 150 | - | - |
| Settlement of cross-currency swaps | 0 | 9 | -40 | 10 |
| Net proceeds from stock-based compensation transactions | 7 | 39 | 0 | 0 |
| Dividends paid to stockholders | 128 | 127 | 126 | 126 |
| Payments to acquire treasury stock | 58 | 9 | 0 | 0 |
| Payment for acquisition of noncontrolling interest | - | - | 0 | 21 |
| Payment for acquisition of redeemable noncontrolling interest | - | - | 0 | - |
| Net cash flows used for financing activities | -180 | -239 | -128 | -138 |
| Effect of exchange rate changes on cash and cash equivalents | 10 | -7 | 32 | 13 |
| Net increase (decrease) in cash and cash equivalents | 863 | -702 | 290 | 45 |
| Cash and cash equivalents at beginning of period | 2,219 | 2,921 | 2,631 | 2,586 |
| Cash and cash equivalents at end of period | 3,082 | 2,219 | 2,921 | 2,631 |
ESTEE LAUDER COMPANIES INC (EL)
ESTEE LAUDER COMPANIES INC (EL)