雅诗兰黛Estee Lauder (EL) 2006年年度报告「NYSE」.pdf

1、THE ESTE LAUDER COMPANIES INC2006 ANNUAL REPORTCONTENTSTHE ESTE LAUDER COMPANIES INC.The Este Lauder Companies Inc.is one of the worlds leading manufacturers and marketers of quality skincare,makeup,fragrance and hair care products.The Companys products are sold in over 130 countries and territories

2、 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,Rodan+Fields,Donald Trump The Fragrance,American Beauty,Flirt!,G

3、ood Skin,Grassroots,Sean John Fragrances,Missoni and Daisy Fuentes.THE AMERICASThe Company was founded by Este Lauder in 1946 in New York City.In fiscal2006,the Americas region represented 53%of net sales and 42%of operating income.EUROPE,THE MIDDLE EAST&AFRICAOur first international door opened in

4、1960 in London.In fiscal 2006,Europe,the Middle East&Africa represented 33%of net sales and 47%of operatingincome.This region includes results from our Travel Retail business.ASIA/PACIFICWe established a presence in Hong Kong in 1961.In fiscal 2006,the Asia/Pacificregion represented 14%of net sales

5、and 11%of operating income.02Portfolio of Brands10Chairmans Message11Chief Executives Review34Board of Directors35Officers36Financial Highlights37Selected Financial Data38Consolidated Statements of Earnings39Managements Discussion and Analysis of Financial Condition and Results of Operations58Consol

6、idated Balance Sheets59Consolidated Statements of Stockholders Equityand Comprehensive Income60Consolidated Statements of Cash Flows61Notes to Consolidated Financial Statements87Managements Report on Internal Control OverFinancial Reporting88Report of Independent Registered Public AccountingFirm on