| Address:
|
1345 AVENUE OF THE AMERICAS
|
| City: |
NEW YORK |
|
State: |
NY |
|
Zip Code: |
10105-0196 |
| Telephone: |
212-282-5000 |
|
Description of Business
|
Primary SIC Code:
2844 |
| (As filed with the SEC)
|
|
|
We commenced operations in 1886 and were incorporated in the State of New York
on January 27, 1916. We are a global manufacturer and marketer of beauty and
related products. We conduct our business in the highly competitive beauty
industry and compete against other consumer packaged goods ("CPG") companies to
create, manufacture and market beauty and beauty-related products. Our products
fall into three product categories: Beauty, which consists of cosmetics,
fragrances, skin care and toiletries ("CFT"); Beauty Plus, which consists of
fashion jewelry, watches, apparel and accessories; and Beyond Beauty, which
consists of home products and gift and decorative products. Sales from Health
and Wellness products and mark., a global cosmetics brand that focuses on the
market for young women, are included among these three categories based on
product type.
Unlike most of our CPG competitors, which sell their products through
third-party retail establishments (e.g. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | 1.88 | NA | 10.23 | | 12/2008 | 2.04 | 0.210 | 11.78 | | 09/2008 | 1.78 | NA | 23.35 | | 06/2008 | 1.59 | 0.200 | 22.65 | | 03/2008 | 1.30 | 0.200 | 30.42 | | 12/2007 | 1.21 | NA | 32.67 | | 09/2007 | 1.33 | 0.185 | 28.22 | | 06/2007 | 1.20 | NA | 30.62 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | -0.35 | Total Liab/Total Assets | 0.89 | | Net Inc/Total Assets | 0.14 | Total Liab/Inv Cap | 2.53 | | Net Inc/Inv Cap | 0.41 | Total Liab/Comm Equity | -2.18 | | Pretax Inc/Net Sales | 0.12 | Interest Coverage Ratio | 13.33 | | Net Inc/Net Sales | 0.08 | Curr Debt/Equity | 1.53 | | Cash Flow/Net Sales | 0.07 | LTD/Equity | 2.16 | | SG&A/NetSales | 0.51 | Total Debt/Equity | 3.69 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 10.66 | Quick Ratio | 0.88 | | Inventory Turnover | 3.85 | Current Ratio | 1.22 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.33 | | Net Sales/Work Cap | 16.58 | Inv/Curr Assets | 0.28 | | Net Sales/PP&E | 7.95 | | |
Income Statement (Millions) |
| |
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Total Revenues(Net Sales)
|
2,179.80
|
2,807.60
|
2,644.70
|
2,736.10
|
|
Cost of Goods Sold
|
811.20
|
1,057.00
|
975.00
|
993.40
|
|
Selling & Admin Exps
|
1,200.20
|
1,378.50
|
1,372.60
|
1,368.80
|
|
Operating Income
|
168.40
|
372.10
|
297.10
|
373.90
|
|
Interest Exp
|
24.80
|
23.60
|
24.60
|
26.10
|
|
Pretax Income
|
146.70
|
336.10
|
279.20
|
344.40
|
|
Other Income
|
3.10
|
-12.40
|
6.70
|
-3.40
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
117.30
|
232.40
|
222.60
|
235.60
|
|
Assets
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Cash & Short Term Investments
|
1,639.60
|
1,144.80
|
967.00
|
960.30
|
|
Receivables - Total
|
974.60
|
1,166.00
|
704.40
|
787.40
|
|
Inventories - Total
|
1,047.50
|
1,007.90
|
1,236.80
|
1,202.70
|
|
Total Current Assets
|
4,049.50
|
3,556.90
|
3,806.30
|
3,739.60
|
|
Net Property, Plant & Equipment
|
1,306.60
|
1,343.90
|
1,372.10
|
1,377.30
|
|
Total Assets
|
6,486.40
|
6,074.00
|
6,128.60
|
6,075.30
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1,707.00
|
1,880.80
|
1,915.50
|
1,976.30
|
|
Debt in Current Liabilities
|
871.20
|
1,031.40
|
732.40
|
592.70
|
|
Total Current Liabilities
|
2,578.20
|
2,912.20
|
2,647.90
|
2,569.00
|
|
Long-Term Debt
|
2,310.30
|
1,456.20
|
1,677.70
|
1,671.50
|
|
Total Liabilities
|
5,875.00
|
5,399.10
|
5,069.40
|
5,024.30
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
34.90
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
185.90
|
185.60
|
185.60
|
185.10
|
|
Retained Earnings
|
4,146.00
|
4,118.90
|
3,972.40
|
3,835.50
|
|
Treasury Stock
|
-4,543.30
|
-4,537.80
|
-4,537.20
|
-4,491.40
|
|
Total Stockholders' Equity
|
611.40
|
674.90
|
1,059.20
|
1,051.00
|
|
Total Liabilities and Stockholders' Equity
|
6,486.40
|
6,074.00
|
6,128.60
|
6,075.30
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Net Cash Provided by Operating Activities
|
-60.70
|
445.40
|
130.30
|
213.40
|
|
Net Cash Provided by Investing Activities
|
-3.90
|
-139.80
|
-132.50
|
-72.50
|
|
Net Cash Provided by Financing Activities
|
588.30
|
-95.80
|
63.10
|
-88.50
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 7,747.80 | 846.10 | 1.77 | | 12/2005 | 8,149.60 | 847.60 | 1.81 | | 12/2006 | 8,763.90 | 477.60 | 1.06 | | 12/2007 | 9,938.70 | 530.70 | 1.21 | | 12/2008 | 10,690.10 | 875.30 | 2.04 | | Growth Rates | 8.38 | 0.85 | 3.61 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 536 | 373,059 | 87.39 |
|
Report Date :
6/23/2009
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