$COTY

COTY INC.

CIK:0001024305|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Net revenues	$ 5,806.6	$ 5,892.9	$ 6,118.0
Cost of sales	2,154.6	2,072.0	2,178.8
Gross profit	3,652.0	3,820.9	3,939.2
Selling, general and administrative expenses	3,107.9	3,103.4	3,162.4
Amortization expense	262.0	186.9	193.4
Restructuring costs	0.8	76.7	36.7
Asset impairment charges	362.8	212.8	0.0
Operating (loss) income	(81.5)	241.1	546.7
Interest expense, net	155.2	214.2	252.0
Other expense, net	373.5	371.7	90.2
(Loss) income before income taxes	(610.2)	(344.8)	204.5
(Benefit) provision for income taxes	(20.0)	5.4	95.1
Net (loss) income	(590.2)	(350.2)	109.4
Net income attributable to noncontrolling interests	7.5	5.3	5.3
Net income attributable to redeemable noncontrolling interests	7.1	12.4	14.7
Net (loss) income attributable to Coty Inc.	(604.8)	(367.9)	89.4
Amounts attributable to Coty Inc.
Net (loss) income	(604.8)	(367.9)	89.4
Convertible Series B Preferred Stock dividends	(13.2)	(13.2)	(13.2)
Net (loss) income attributable to common stockholders	(618.0)	(381.1)	76.2
Net (loss) income attributable to common stockholders	$ (618.0)	$ (381.1)	$ 76.2
Earnings (losses) per common share
(Losses) earnings per common share - basic (in dollars per share)	$ (0.70)	$ (0.44)	$ 0.09
(Losses) earnings per common share - diluted (in dollars per share)	$ (0.70)	$ (0.44)	$ 0.09
Weighted-average common shares outstanding:
Basic (in shares)	877.4	870.9	874.4
Diluted (in shares)	877.4	870.9	883.4

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (590.2)	$ (350.2)	$ 109.4
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	482.2	420.0	421.1
Non-cash lease expense	62.8	62.3	61.6
Goodwill and intangible asset impairment charges	362.8	212.8	0.0
Deferred income taxes	(154.9)	(87.5)	(9.8)
Provision for bad debts	8.8	6.3	2.7
Provision for pension and other post-employment benefits	9.9	10.2	8.6
Share-based compensation	46.3	50.0	88.8
Impairment and losses on disposal of long-lived assets, net	13.8	76.1	3.9
Losses (gains) from equity investments, net	194.0	85.6	(21.7)
Foreign exchange effects	(9.3)	24.9	14.8
Losses on forward repurchase contracts, net	117.3	255.2	76.3
Other	67.6	39.7	46.5
Change in operating assets and liabilities:
Trade receivables	(5.4)	(81.1)	(104.5)
Inventories	(50.5)	4.8	67.2
Prepaid expenses and other current assets	21.2	64.1	(11.0)
Accounts payable and accrued expenses	13.6	(167.9)	(49.1)
Other current liabilities	41.9	(61.7)	64.1
Operating lease liabilities	(59.6)	(57.4)	(58.4)
Income and other taxes payable	31.1	(38.5)	(77.3)
Other noncurrent assets	2.7	(38.2)	(4.3)
Other noncurrent liabilities	(68.3)	63.1	(14.3)
Net cash provided by operating activities	537.8	492.6	614.6
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(189.6)	(215.0)	(245.2)
Proceeds from contingent consideration, license agreements, and sale of other long-lived assets, net	9.3	12.6	19.0
Proceeds from sale of equity investments and related assets	750.0	74.0	0.0
Purchases of short-term investments	(30.7)	0.0	0.0
Net cash provided by (used in) investing activities	539.0	(128.4)	(226.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from short-term debt	12.5	0.0	0.0
Proceeds from revolving loan facilities	2,056.8	2,492.5	2,458.6
Repayments of revolving loan facilities	(2,096.8)	(2,122.6)	(2,673.7)
Proceeds from issuance of other long term debt	899.2	0.0	1,824.1
Repayments of term loans and other long term debt	(1,760.4)	(490.6)	(1,936.5)
Net proceeds from issuance of Class A Common Stock	0.0	0.0	355.9
Dividend payments on Common Stock and Convertible Series B Preferred Stock	(13.2)	(13.3)	(13.4)
Net proceeds from (payments for) foreign currency contracts	21.3	(22.0)	(7.3)
Distributions to redeemable noncontrolling interests and noncontrolling interests	(26.5)	(23.9)	(24.0)
Payments related to forward repurchase contracts and settlement, including hedge valuation adjustment	(210.1)	(288.4)	(242.6)
Refunds related to hedge valuation adjustment	0.0	61.8	0.0
Payments of deferred financing fees and premium on bond extinguishment	(31.6)	(2.0)	(47.1)
All other	(12.4)	(18.3)	(30.7)
Net cash used in financing activities	(1,161.2)	(426.8)	(336.7)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	2.9	12.4	(14.9)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(81.5)	(50.2)	36.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period	270.4	320.6	283.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period	188.9	270.4	320.6
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Cash paid during the year for interest	174.9	218.9	205.7
Cash paid during the year for income taxes, net of refunds received	101.7	95.4	172.6
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:
Accrued capital expenditure additions	74.6	86.2	108.0
Non-cash exchange of forward repurchase contracts for treasury stock	0.0	0.0	150.6
Fair value of Wella Distribution Rights (see Note 10 - Equity Investment)	$ 58.0	$ 0.0	$ 0.0

CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 176.1	$ 257.1
Restricted cash	12.8	13.3
Trade receivables—less allowances of $32.6 and $29.0, respectively	525.8	526.4
Inventories	838.7	794.5
Prepaid expenses and other current assets	364.3	362.0
Total current assets	1,917.7	1,953.3
Property and equipment, net	650.0	709.2
Goodwill	3,809.7	4,062.2
Other intangible assets, net	2,775.6	3,214.8
Equity investments	0.0	1,002.0
Operating lease right-of-use assets	226.9	265.7
Deferred income taxes	637.9	561.6
Other noncurrent assets	182.6	138.9
TOTAL ASSETS	10,200.4	11,907.7
Current liabilities:
Accounts payable and accrued expenses	1,875.0	1,890.0
Short-term debt and current portion of long-term debt	14.4	3.5
Current operating lease liabilities	65.2	64.4
Income and other taxes payable	119.8	66.8
Other current liabilities	466.1	513.6
Total current liabilities	2,540.5	2,538.3
Long-term operating lease liabilities	182.9	221.8
Long-term debt, net	3,033.4	3,955.5
Pension and other post-employment benefits	254.3	283.8
Deferred income taxes	384.6	467.6
Other noncurrent liabilities	425.6	485.1
TOTAL LIABILITIES	6,821.3	7,952.1
COMMITMENTS AND CONTINGENCIES (Note 23)
CONVERTIBLE SERIES B PREFERRED STOCK, $0.01 par value; 1.0 shares authorized; 0.1 issued and outstanding, at June 30, 2026 and 2025, respectively	142.4	142.4
REDEEMABLE NONCONTROLLING INTERESTS	74.7	94.2
EQUITY:
Preferred stock, $0.01 par value; 20.0 shares authorized; 1.0 issued and outstanding, at June 30, 2026 and 2025, respectively	0.0	0.0
Class A Common Stock, $0.01 par value; 1,250.0 shares authorized, 974.3 and 966.5 issued and 880.5 and 872.3 outstanding at June 30, 2026 and 2025, respectively	9.7	9.6
Additional paid-in capital	11,366.9	11,329.8
Accumulated deficit	(5,878.2)	(5,266.4)
Accumulated other comprehensive loss	(720.3)	(733.4)
Treasury stock—at cost, shares: 93.8 and 94.3 at June 30, 2026 and 2025, respectively	(1,788.4)	(1,796.9)
Total Coty Inc. stockholders’ equity	2,989.7	3,542.7
Noncontrolling interests	172.3	176.3
Total equity	3,162.0	3,719.0
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY	$ 10,200.4	$ 11,907.7
Treasury stock (in shares)	93.8	94.3