雅诗兰黛Estee Lauder (EL) 2007年年度报告「NYSE」.pdf

1、 THE ESTE LAUDER COMPANIES INC.2007 ANNUAL REPORTBRINGING THE BEST TO EVERYONE WE TOUCH THE ESTE LAUDER COMPANIES INC.2007 ANNUAL REPORT767 FIFTH AVENUE NEW YORK,NEW YORK 10153 THE ESTE LAUDER COMPANIES INC.65560es_cov 165560es_cov 19/19/07 5:36:40 PM9/19/07 5:36:40 PMCoNtEnTs02 Portfolio of Brands0

2、8 Chairmans Message09 Chief Executives Review30 Board of Directors31 Officers32 Financial Highlights33 Selected Financial Data34 Managements Discussion and Analysis of Financial Condition and Results of Operations55 Consolidated Statements of Earnings56 Consolidated Balance Sheets57 Consolidated Sta

3、tements of Stockholders Equity and Comprehensive Income58 Consolidated Statements of Cash Flows59 Notes to Consolidated Financial Statements87 Managements Report on Internal Control over Financial Reporting88 Report of Independent Registered Public Accounting Firm on Internal Control Over Financial

4、Reporting 89 Report of Independent Registered Public Accounting Firm90 Stockholder InformationTHE ESTE LAUDER COMPANIES INC.The Este Lauder Companies Inc.is one of the worlds leading manufacturers and marketers of quality skin care,makeup,fragrance and hair care products.The Companys products are so

5、ld in over 135 countries and territories under well-recognized brand names,including Este Lauder,Aramis,Clinique,Prescriptives,Lab Series Skincare for Men,Origins,Tommy Hilfiger,M.A.C,Kiton,Bobbi Brown,La Mer,Donna Karan,Aveda,Jo Malone,Bumble and bumble,Michael Kors,Darphin,American Beauty,Flirt!,G

6、ood Skin,Grassroots,Sean John Fragrances,Missoni,Daisy Fuentes,Tom Ford,Mustang and Coach.THE AMERICASThe Company was founded by Este Lauder in 1946 in New York City.In Fiscal 2007,the Americas region represented 51%of net sales and 45%of operating income.EUROPE,THE MIDDLE EAST&AFRICAOur first inter