2022 Q3 Form 10-Q Financial Statement

#000160003322000036 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $122.3M $122.6M $105.1M
YoY Change 33.2% 26.33% 13.45%
Cost Of Revenue $42.79M $39.62M $37.64M
YoY Change 26.33% 12.73% 10.46%
Gross Profit $79.56M $82.99M $67.50M
YoY Change 37.21% 34.05% 15.19%
Gross Profit Margin 65.03% 67.69% 64.2%
Selling, General & Admin $64.18M $61.56M $65.23M
YoY Change 27.23% 21.29% 13.24%
% of Gross Profit 80.67% 74.18% 96.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.351M $5.724M $6.766M
YoY Change -24.92% -8.0% 6.22%
% of Gross Profit 6.73% 6.9% 10.02%
Operating Expenses $64.18M $61.56M $65.33M
YoY Change 27.23% 21.29% 12.97%
Operating Profit $15.38M $21.43M $2.168M
YoY Change 106.62% 91.84% 181.56%
Interest Expense -$786.0K -$663.0K -$529.0K
YoY Change 31.66% -11.01% -38.49%
% of Operating Profit -5.11% -3.09% -24.4%
Other Income/Expense, Net -$1.262M -$1.663M -$484.0K
YoY Change 95.36% 926.54% 868.0%
Pretax Income $13.33M $19.10M $1.173M
YoY Change 115.02% 94.86% -142.19%
Income Tax $1.619M $4.635M -$383.0K
% Of Pretax Income 12.15% 24.26% -32.65%
Net Earnings $11.71M $14.47M $1.556M
YoY Change 104.58% 74.83% -6583.33%
Net Earnings / Revenue 9.57% 11.8% 1.48%
Basic Earnings Per Share $0.22 $0.28 $0.03
Diluted Earnings Per Share $0.21 $0.27 $0.03
COMMON SHARES
Basic Shares Outstanding 52.42M shares 51.71M shares 52.12M shares
Diluted Shares Outstanding 55.04M shares 53.83M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.32M $72.25M $43.35M
YoY Change 104.63% 13.95% -24.99%
Cash & Equivalents $85.32M $72.25M $43.35M
Short-Term Investments
Other Short-Term Assets $26.88M $21.77M $19.61M
YoY Change 45.93% 0.45% 27.34%
Inventory $81.29M $70.34M $84.50M
Prepaid Expenses
Receivables $53.91M $52.28M $45.57M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $247.4M $216.6M $193.0M
YoY Change 36.45% 18.56% 13.45%
LONG-TERM ASSETS
Property, Plant & Equipment $8.934M $9.339M $10.58M
YoY Change -35.93% -39.98% -23.19%
Goodwill $171.6M $171.6M $171.6M
YoY Change 0.0% 0.0% 0.0%
Intangibles $82.10M $84.13M $86.16M
YoY Change -9.0% -8.81% -8.62%
Long-Term Investments $2.875M $2.875M $2.875M
YoY Change 0.0% 0.0% -0.86%
Other Assets $29.21M $29.25M $30.37M
YoY Change -11.59% -12.29% -12.48%
Total Long-Term Assets $294.7M $297.2M $301.6M
YoY Change -5.44% -5.84% -4.93%
TOTAL ASSETS
Total Short-Term Assets $247.4M $216.6M $193.0M
Total Long-Term Assets $294.7M $297.2M $301.6M
Total Assets $542.1M $513.9M $494.6M
YoY Change 9.97% 3.1% 1.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.28M $16.02M $19.23M
YoY Change -0.1% -6.37% 22.47%
Accrued Expenses $46.87M $39.92M $40.00M
YoY Change 43.48% 18.74% -3.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.801M $5.793M $5.786M
YoY Change -69.87% -82.04% -64.5%
Total Short-Term Liabilities $71.95M $61.73M $65.02M
YoY Change 1.03% -25.6% -11.34%
LONG-TERM LIABILITIES
Long-Term Debt $88.28M $89.68M $91.08M
YoY Change -5.95% -5.85% -17.43%
Other Long-Term Liabilities $874.0K $817.0K $769.0K
YoY Change 8.84% 11.01% 28.6%
Total Long-Term Liabilities $874.0K $817.0K $769.0K
YoY Change 8.84% 11.01% 28.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.95M $61.73M $65.02M
Total Long-Term Liabilities $874.0K $817.0K $769.0K
Total Liabilities $185.2M $180.4M $182.2M
YoY Change -6.91% -16.39% -16.32%
SHAREHOLDERS EQUITY
Retained Earnings -$457.4M -$469.1M -$483.5M
YoY Change -6.91% -5.63% -4.31%
Common Stock $814.3M $802.5M $796.0M
YoY Change 3.68% 2.93% 2.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $357.0M $333.4M $312.4M
YoY Change
Total Liabilities & Shareholders Equity $542.1M $513.9M $494.6M
YoY Change 9.97% 3.1% 1.49%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $11.71M $14.47M $1.556M
YoY Change 104.58% 74.83% -6583.33%
Depreciation, Depletion And Amortization $5.351M $5.724M $6.766M
YoY Change -24.92% -8.0% 6.22%
Cash From Operating Activities $12.47M $30.58M $11.69M
YoY Change -285.59% 308.14% -57.55%
INVESTING ACTIVITIES
Capital Expenditures -$453.0K $241.0K -$222.0K
YoY Change -65.5% -89.68% -91.16%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$453.0K -$241.0K -$222.0K
YoY Change -65.5% -89.68% -91.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.000K
YoY Change -99.57%
Debt Paid & Issued, Net $1.250M
YoY Change -97.54%
Cash From Financing Activities 1.054M -$1.442M -1.001M
YoY Change -107.71% -401.67% -62.65%
NET CHANGE
Cash From Operating Activities 12.47M $30.58M 11.69M
Cash From Investing Activities -453.0K -$241.0K -222.0K
Cash From Financing Activities 1.054M -$1.442M -1.001M
Net Change In Cash 13.07M $28.90M 10.46M
YoY Change -160.2% 412.87% -53.16%
FREE CASH FLOW
Cash From Operating Activities $12.47M $30.58M $11.69M
Capital Expenditures -$453.0K $241.0K -$222.0K
Free Cash Flow $12.92M $30.34M $11.91M
YoY Change -339.06% 488.38% -60.36%

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Nature of operationse.l.f. Beauty, Inc., a Delaware corporation, (“e.l.f. Beauty” and together with its subsidiaries, the “Company,” or “we”) is a multi-brand beauty company that offers inclusive, accessible, clean and cruelty-free cosmetics and skincare products. Our mission is to make the best of beauty accessible to every eye, lip and face. We believe our ability to deliver 100% cruelty-free, clean, premium-quality products at accessible prices with broad appeal differentiates us in the beauty industry. We believe the combination of our innovation engine, core value proposition, digitally-led strategy, as well as our world-class team’s ability to execute with speed has positioned us well to navigate a rapidly changing landscape in beauty.
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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</span></div>
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1215000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3752000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
613000 usd
CY2022Q2 elf Lease Liability Payments Remainderof Fiscal Year
LeaseLiabilityPaymentsRemainderofFiscalYear
4365000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4862000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
582000 usd
CY2022Q2 elf Lease Liability Payments Due Year One
LeaseLiabilityPaymentsDueYearOne
5444000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4071000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
58000 usd
CY2022Q2 elf Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
4129000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3097000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2022Q2 elf Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
3097000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1441000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q2 elf Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
1441000 usd
CY2022Q2 elf Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3224000 usd
CY2022Q2 elf Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2022Q2 elf Lease Liability Payments Due After Year Four
LeaseLiabilityPaymentsDueAfterYearFour
3224000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20447000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1253000 usd
CY2022Q2 elf Lease Liability Payments Due
LeaseLiabilityPaymentsDue
21700000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1302000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
27000 usd
CY2022Q2 elf Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
1329000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
19145000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1226000 usd
CY2022Q2 elf Lease Liability
LeaseLiability
20371000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.027
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.028
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.029
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1100000 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1300000 usd

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