For the quarter ending 2026-03-31, EL had $44M increase in cash & cash equivalents over the period. $310M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings (loss) | 89 | 162 | 47 | - |
| Net (loss) earnings | - | - | - | -546 |
| Segment depreciation and amortization | 200 | - | - | - |
| Other category | 1 | - | - | - |
| Depreciation and amortization | 201 | 197 | 200 | 210 |
| Deferred income taxes | -33 | 45 | -34 | -62 |
| Non-cash stock-based compensation | 72 | 94 | 88 | 49 |
| Net loss on disposal of property, plant and equipment | -7 | -3 | 0 | -14 |
| Non-cash restructuring and other charges | 24 | 15 | 3 | 3 |
| Pension and post-retirement benefit expense | 18 | 19 | 21 | 18 |
| Pension and post-retirement benefit contributions | 15 | 11 | 28 | 23 |
| Impairment of goodwill and other intangible assets | 0 | 0 | - | 1,286 |
| Other adjustments and non-cash items | -15 | 10 | 2 | 1 |
| Increase in accounts receivable, net | 102 | -232 | 358 | -307 |
| Decrease in inventory and promotional merchandise | 44 | -173 | -6 | 31 |
| Increase in other assets, net | 129 | -36 | 11 | -22 |
| Decrease in accounts payable | 71 | -35 | -204 | 251 |
| Increase (decrease) in other accrued and noncurrent liabilities | 258 | 212 | -79 | -22 |
| Decrease in operating lease assets and liabilities, net | -20 | -7 | 11 | -13 |
| Net cash flows provided by operating activities | 412 | 1,125 | -340 | 601 |
| Capital expenditures | 102 | 108 | 96 | 207 |
| Proceeds from sale of property, plant and equipment | 0 | - | - | 0 |
| Proceeds from property, plant and equipment insurance recoveries | 0 | 10 | - | - |
| Purchases of investments | 0 | 0 | 0 | 0 |
| Purchases of other intangible assets | - | - | - | 0 |
| Proceeds from the disposition of investments | 0 | 0 | 3 | - |
| Settlement of net investment hedges | -6 | -6 | 23 | 8 |
| Net cash flows used for investing activities | -96 | -92 | -116 | -215 |
| (repayments) proceeds of current debt, net | - | - | - | 0 |
| Proceeds from issuance of commercial paper (maturities after three months) | - | - | - | 0 |
| Repayments of commercial paper (maturities after three months) | - | - | - | 0 |
| Proceeds from issuance of long-term debt, net | - | - | - | 0 |
| Repayments of long-term debt | 1 | 1 | 1 | -1,008 |
| Debt issuance costs | - | - | - | 0 |
| Payment of deferred consideration | 150 | 0 | 150 | - |
| Settlement of cross-currency swaps | 10 | 0 | 9 | -40 |
| Net proceeds from stock-based compensation transactions | 7 | 7 | 39 | 0 |
| Dividends paid to stockholders | 126 | 128 | 127 | 126 |
| Payments to acquire treasury stock | 3 | 58 | 9 | 0 |
| Payment for acquisition of noncontrolling interest | 0 | - | - | 0 |
| Payment for acquisition of redeemable noncontrolling interest | - | - | - | 0 |
| Net cash flows used for financing activities | -263 | -180 | -239 | -128 |
| Effect of exchange rate changes on cash and cash equivalents | -9 | 10 | -7 | 32 |
| Net increase (decrease) in cash and cash equivalents | 44 | 863 | -702 | 290 |
| Cash and cash equivalents at beginning of period | 3,082 | 2,219 | 2,921 | 2,631 |
| Cash and cash equivalents at end of period | 3,126 | 3,082 | 2,219 | 2,921 |
ESTEE LAUDER COMPANIES INC (EL)
ESTEE LAUDER COMPANIES INC (EL)