$OLPX
OLAPLEX HOLDINGS, INC.

2023 Q1 Form 10-K Financial Statement

#000186872623000021 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $113.8M $130.7M $704.3M
YoY Change -38.89% -21.49% 17.7%
Cost Of Revenue $32.98M $38.63M $184.7M
YoY Change -26.7% 12.68% 48.32%
Gross Profit $80.81M $92.09M $519.6M
YoY Change -42.77% -30.35% 9.65%
Gross Profit Margin 71.02% 70.45% 73.77%
Selling, General & Admin $34.92M $34.65M $113.9M
YoY Change 56.51% 47.08% 15.17%
% of Gross Profit 43.22% 37.62% 21.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $116.0K $12.93M $363.0K
YoY Change 54.67% 8.59% 124.07%
% of Gross Profit 0.14% 14.04% 0.07%
Operating Expenses $45.25M $45.04M $155.2M
YoY Change 38.88% 33.25% 11.09%
Operating Profit $35.56M $47.05M $364.4M
YoY Change -67.26% -52.19% 9.05%
Interest Expense $10.54M -$10.53M $41.18M
YoY Change -8.0% -169.72% -32.66%
% of Operating Profit 29.65% -22.37% 11.3%
Other Income/Expense, Net $242.0K $1.596M -$17.98M
YoY Change -101.26% -47.15% -790.55%
Pretax Income $25.26M $41.21M $305.2M
YoY Change -67.61% -52.27% 10.75%
Income Tax $4.298M $7.575M $61.17M
% Of Pretax Income 17.01% 18.38% 20.04%
Net Earnings $20.96M $33.63M $244.1M
YoY Change -66.17% -51.48% 10.55%
Net Earnings / Revenue 18.42% 25.73% 34.66%
Basic Earnings Per Share $0.03 $0.38
Diluted Earnings Per Share $0.03 $0.05 $0.35
COMMON SHARES
Basic Shares Outstanding 651.9M shares 649.2M shares 649.1M shares
Diluted Shares Outstanding 683.5M shares 691.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $369.3M $322.8M $322.8M
YoY Change 157.65% 73.19% 73.19%
Cash & Equivalents $369.3M $322.8M $322.8M
Short-Term Investments
Other Short-Term Assets $16.67M $8.771M $8.771M
YoY Change 103.33% -8.83% -8.83%
Inventory $132.0M $144.4M $144.4M
Prepaid Expenses
Receivables $45.52M $46.22M $46.22M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $563.5M $522.2M $522.2M
YoY Change 66.76% 55.8% 55.8%
LONG-TERM ASSETS
Property, Plant & Equipment $1.026M $1.034M $1.034M
YoY Change 38.65% 38.42% 38.42%
Goodwill $168.3M $168.3M
YoY Change 0.0% 0.0%
Intangibles $983.0M $995.0M
YoY Change -4.68% -4.63%
Long-Term Investments $11.09M $11.09M
YoY Change 146.42% 146.42%
Other Assets $10.00M $11.09M $0.00
YoY Change 57.2% 146.42% -100.0%
Total Long-Term Assets $1.162B $1.175B $1.175B
YoY Change -4.47% -4.06% -4.06%
TOTAL ASSETS
Total Short-Term Assets $563.5M $522.2M $522.2M
Total Long-Term Assets $1.162B $1.175B $1.175B
Total Assets $1.726B $1.698B $1.698B
YoY Change 11.01% 8.8% 8.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.408M $9.748M $9.748M
YoY Change -67.56% -49.14% -49.14%
Accrued Expenses $19.92M $17.11M $18.51M
YoY Change 75.33% -1.3% -24.32%
Deferred Revenue $2.230M $2.015M
YoY Change -55.44% -59.88%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.750M $8.438M $8.438M
YoY Change 0.0% -58.04% -58.04%
Total Short-Term Liabilities $58.23M $55.09M $55.09M
YoY Change -29.14% -24.45% -24.45%
LONG-TERM LIABILITIES
Long-Term Debt $653.0M $654.3M $654.3M
YoY Change -0.81% -11.35% -11.35%
Other Long-Term Liabilities $205.7M $205.7M $205.7M
YoY Change -8.64% -8.64% -8.64%
Total Long-Term Liabilities $653.0M $654.3M $860.0M
YoY Change -0.81% -11.35% -10.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $58.23M $55.09M $55.09M
Total Long-Term Liabilities $653.0M $654.3M $860.0M
Total Liabilities $919.2M $916.7M $916.7M
YoY Change -4.8% -11.52% -11.52%
SHAREHOLDERS EQUITY
Retained Earnings $485.8M $464.9M
YoY Change 71.82% 110.55%
Common Stock $653.0K $649.0K
YoY Change 0.77% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $806.6M $781.0M $781.0M
YoY Change
Total Liabilities & Shareholders Equity $1.726B $1.698B $1.698B
YoY Change 11.01% 8.8% 8.8%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $20.96M $33.63M $244.1M
YoY Change -66.17% -51.48% 10.55%
Depreciation, Depletion And Amortization $116.0K $12.93M $363.0K
YoY Change 54.67% 8.59% 124.07%
Cash From Operating Activities $48.09M $73.52M $255.3M
YoY Change -33.18% 5.47% 27.64%
INVESTING ACTIVITIES
Capital Expenditures $107.0K $970.0K $650.0K
YoY Change 57.35% -207.06% -25.71%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$631.0K -$970.0K -$2.682M
YoY Change 29.04% 7.06% -57.19%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$926.0K 862.0K -$116.2M
YoY Change -99.19% -122.17% 533.71%
NET CHANGE
Cash From Operating Activities $48.09M 73.52M $255.3M
Cash From Investing Activities -$631.0K -970.0K -$2.682M
Cash From Financing Activities -$926.0K 862.0K -$116.2M
Net Change In Cash $46.53M 73.41M $136.4M
YoY Change -208.11% 13.1% -22.23%
FREE CASH FLOW
Cash From Operating Activities $48.09M $73.52M $255.3M
Capital Expenditures $107.0K $970.0K $650.0K
Free Cash Flow $47.98M $72.55M $254.7M
YoY Change -33.27% 2.74% 27.88%

Facts In Submission

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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020 us-gaap Comprehensive Income Net Of Tax
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CY2020 us-gaap Stock Issued During Period Value New Issues
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CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020 us-gaap Dividends
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CY2020Q4 us-gaap Stockholders Equity
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CY2021 us-gaap Stock Issued During Period Value New Issues
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CY2021 us-gaap Net Income Loss
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CY2021 olpx Adjustments To Additional Paid In Capital Tax Receivable Agreement
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3963000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2022 olpx Stock Issued During Period Value Non Option Equity Instruments Exercised
StockIssuedDuringPeriodValueNonOptionEquityInstrumentsExercised
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CY2022 olpx Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Amount
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1412000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7275000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
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1877000 usd
CY2022 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
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2577000 usd
CY2022Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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244072000 usd
CY2021 us-gaap Net Income Loss
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220784000 usd
CY2020 us-gaap Net Income Loss
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39278000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
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7500000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
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7989000 usd
CY2020 us-gaap Cost Of Goods And Services Sold Amortization
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CY2022 olpx Amortization Of Other Intangible Assets
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41282000 usd
CY2021 olpx Amortization Of Other Intangible Assets
AmortizationOfOtherIntangibleAssets
40790000 usd
CY2020 olpx Amortization Of Other Intangible Assets
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39825000 usd
CY2022 us-gaap Inventory Write Down
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8180000 usd
CY2021 us-gaap Inventory Write Down
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CY2020 us-gaap Inventory Write Down
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CY2022 us-gaap Depreciation
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363000 usd
CY2021 us-gaap Depreciation
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162000 usd
CY2020 us-gaap Depreciation
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CY2022 olpx Amortization Of Fair Value Of Acquired Inventory
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CY2021 olpx Amortization Of Fair Value Of Acquired Inventory
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CY2020 olpx Amortization Of Fair Value Of Acquired Inventory
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44721000 usd
CY2022 us-gaap Amortization Of Financing Costs
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1543000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2830000 usd
CY2020 us-gaap Amortization Of Financing Costs
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1752000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9179000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2486000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 olpx Tax Receivable Agreement Liability Adjustment
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CY2022 olpx Tax Receivable Agreement Liability Adjustment
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CY2021 olpx Tax Receivable Agreement Liability Adjustment
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3615000 usd
CY2020 olpx Tax Receivable Agreement Liability Adjustment
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Other Noncash Income Expense
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CY2022 us-gaap Increase Decrease In Other Operating Capital Net
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6229000 usd
CY2020 us-gaap Other Noncash Income Expense
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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5441000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
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26402000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Inventories
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52640000 usd
CY2021 us-gaap Increase Decrease In Inventories
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63724000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14242000 usd
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CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7199000 usd
CY2020 us-gaap Increase Decrease In Other Current Assets
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2094000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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2352000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
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14865000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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19613000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8837000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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0 usd
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
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0 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
255324000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
200029000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
128975000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
650000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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875000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Investments
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CY2021 us-gaap Payments To Acquire Investments
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4500000 usd
CY2020 us-gaap Payments To Acquire Investments
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1381582000 usd
CY2022 us-gaap Payments To Acquire Software
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2032000 usd
CY2021 us-gaap Payments To Acquire Software
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890000 usd
CY2020 us-gaap Payments To Acquire Software
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Payments Of Dividends
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CY2020 us-gaap Payments Of Dividends
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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633000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
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959868000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
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1876000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1138000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Proceeds From Lines Of Credit
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CY2021 us-gaap Proceeds From Lines Of Credit
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CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2022 us-gaap Repayments Of Secured Debt
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CY2021 us-gaap Repayments Of Secured Debt
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20111000 usd
CY2020 us-gaap Repayments Of Secured Debt
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10653000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
774000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Repayments Of Lines Of Credit
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CY2021 us-gaap Repayments Of Lines Of Credit
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CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
50000000 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
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675000000 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
800000000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
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11944000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15617000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1263598000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
136420000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
175424000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10964000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186388000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10964000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322808000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186388000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10964000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
59922000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
33812000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
9914000 usd
CY2022 us-gaap Interest Paid Net
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41226000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
58316000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
34566000 usd
CY2022 olpx Initial Public Offering Costs Incurred But Not Yet Paid
InitialPublicOfferingCostsIncurredButNotYetPaid
0 usd
CY2021 olpx Initial Public Offering Costs Incurred But Not Yet Paid
InitialPublicOfferingCostsIncurredButNotYetPaid
243000 usd
CY2020 olpx Initial Public Offering Costs Incurred But Not Yet Paid
InitialPublicOfferingCostsIncurredButNotYetPaid
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CY2022 olpx Transfer To Due To Related Parties
TransferToDueToRelatedParties
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CY2021 olpx Transfer To Due To Related Parties
TransferToDueToRelatedParties
232893000 usd
CY2020 olpx Transfer To Due To Related Parties
TransferToDueToRelatedParties
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CY2022 olpx Liability Reclassification To Additional Paid In Capital
LiabilityReclassificationToAdditionalPaidInCapital
1632000 usd
CY2021 olpx Liability Reclassification To Additional Paid In Capital
LiabilityReclassificationToAdditionalPaidInCapital
0 usd
CY2020 olpx Liability Reclassification To Additional Paid In Capital
LiabilityReclassificationToAdditionalPaidInCapital
0 usd
CY2021Q4 olpx Stock Issued During Period Shares Reorganization
StockIssuedDuringPeriodSharesReorganization
648124642 shares
CY2021Q4 olpx Tax Receivable Agreement Percent Of Tax Benefits With Provided Payment
TaxReceivableAgreementPercentOfTaxBenefitsWithProvidedPayment
0.85
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
648124642 shares
CY2022 us-gaap Use Of Estimates
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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Estimates and Assumptions</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, variable consideration, and other obligations such as product returns and </span></div>refunds; loss contingencies; the fair value of share-based options and stock settled stock appreciation rights (“SARs”); the fair value of and/or potential impairment of goodwill and intangible assets for our reporting unit; the fair value of our interest rate cap; useful lives of our tangible and intangible assets; allowance for promotions; estimated income tax and tax receivable payments; the net realizable value of, and demand for our inventory. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties.
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
322808000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
186388000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19198000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8231000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
10402000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
11033000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2015000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5022000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2025000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1027000 usd
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-129000 usd
CY2021Q3 olpx Stock Issuance Costs
StockIssuanceCosts
8488000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 olpx Contract With Customer Liability Returns
ContractWithCustomerLiabilityReturns
-9983000 usd
CY2020 olpx Contract With Customer Liability Returns
ContractWithCustomerLiabilityReturns
0 usd
CY2021 olpx Contract With Customer Liability Returns
ContractWithCustomerLiabilityReturns
0 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2015000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5022000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5022000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2314000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents. Although the Company deposits its cash with creditworthy financial institutions, its deposits, at times, may exceed federally insured limits. To date, the Company has not experienced any losses on it cash deposits.</span></div>The Company extends credit to customers in certain industries which may be affected by changes in economic or other external conditions.
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
24864000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
11137000 usd
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2521000 usd
CY2021Q4 olpx Tax Receivable Agreement Percent Of Tax Benefits With Provided Payment
TaxReceivableAgreementPercentOfTaxBenefitsWithProvidedPayment
0.85
CY2021Q4 olpx Tax Receivable Agreement Percent Of Tax Benefits Retained By Company
TaxReceivableAgreementPercentOfTaxBenefitsRetainedByCompany
0.15
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
222100000 usd
CY2022 olpx Related Party Transaction Term Of Agreement
RelatedPartyTransactionTermOfAgreement
P13Y
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts presented have been reclassified within the </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">December 31, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2021 Consolidated Balance Sheet to conform with the current period presentation, including a prior year reclassification from Accrued expenses and other current liabilities to Sales and income taxes payable. The reclassifications had no effect on the Company’s Total current liabilities.</span></div>
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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704274000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
598365000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
282250000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
704274000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
598365000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
282250000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
36194000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
20852000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
108231000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
77547000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
144425000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
98399000 usd
CY2022Q4 olpx Equity Securities Without Readily Determinable Fair Value Capital Contributions Net Of Distributions And Impairments
EquitySecuritiesWithoutReadilyDeterminableFairValueCapitalContributionsNetOfDistributionsAndImpairments
4500000 usd
CY2021Q4 olpx Equity Securities Without Readily Determinable Fair Value Capital Contributions Net Of Distributions And Impairments
EquitySecuritiesWithoutReadilyDeterminableFairValueCapitalContributionsNetOfDistributionsAndImpairments
4500000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4500000 usd
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4500000 usd
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
16499000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1143922000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
148894000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
995028000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
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CY2022Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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DeferredFederalIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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DeferredTaxAssetsGoodwillAndIntangibleAssets
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CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
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14647000 usd
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4675000 usd
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
2484000 usd
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
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EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
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0
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
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EffectiveIncomeTaxRateContinuingOperations
0.200
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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EffectiveIncomeTaxRateContinuingOperations
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CY2022 olpx Payments For Tax Receivable Agreement
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16400000 usd
CY2021Q4 olpx Share Based Compensation Arrangement By Share Based Payment Award Options Converted In Period Number Of Shares
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46923300 shares
CY2022Q1 olpx Base Share Price
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
7152342 shares
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AllocatedShareBasedCompensationExpense
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AllocatedShareBasedCompensationExpense
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
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CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
11638000 usd
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
9625000 usd
CY2021Q3 olpx Stock Issued During Period Shares Reorganization
StockIssuedDuringPeriodSharesReorganization
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CY2021Q3 olpx Stock Issued During Period Shares Reorganization
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CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2021Q4 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 olpx Payments For Tax Receivable Agreement
PaymentsForTaxReceivableAgreement
4200000 usd
CY2022 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
CONTINGENCIESFrom time to time, the Company is subject to various legal actions arising in the ordinary course of business. The Company cannot predict with reasonable assurance the outcome of these legal actions brought against us as they are subject to uncertainties. Accordingly, any settlement or resolution in these legal actions may occur and affect our net income in such period as the settlement or resolution.<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pending Legal Proceedings: </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 17, 2022, a putative securities class action was filed against the Company and certain of its current and former officers and directors in the United States District Court for the Central District of California, captioned Lilien v. Olaplex Holdings, Inc. et al., No. 2:22-cv-08395. The action is brought on behalf of a putative class of purchasers of the Company’s common stock in or traceable to the Company’s IPO and asserts claims under Sections 11 and 15 of the Securities Act of 1933. The action seeks certification of the putative class, compensatory damages, attorneys’ fees and costs, and any other relief that the court determines is appropriate. The Company intends to vigorously defend the pending lawsuit.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 9, 2023, a complaint alleging personal and economic injury, and asserting claims for breach of warranty, negligence/gross negligence, products liability, unjust enrichment, and violations of California False Advertising Law and Unfair Competition Law, was filed against the Company and Cosway Company, Inc., the Company’s primary contract manufacturer, in the United States District Court for the Central District of California. The case, which was filed by twenty-eight plaintiff consumers on February 9, 2023, is captioned Albahae, et al. v. Olaplex Holdings, Inc., et al., No. 2:23-cv-00982. The plaintiffs allege that certain ingredients used in some Company products have purportedly caused irritation or posed a hazard to consumers, and that the Company engaged in misrepresentation with respect to those products. The plaintiffs seek actual and consequential damages, punitive damages, restitution in the form of disgorgement of profits, attorneys’ fees and costs, and any other relief that the court determines is appropriate. The Company intends to vigorously defend the pending lawsuit.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Any potential loss associated with these pending legal proceedings is not probable or reasonably estimable at this time.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Settlement Matter in 2021 Year:</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the purchase agreement between the Sellers, the Advent Funds and the other purchasers of the Olaplex business, the Company was required to pay the Sellers certain amounts in connection with the final settlement of certain litigation and contingency matters involving LIQWD, Inc., a predecessor entity to the Company substantially all of whose assets and liabilities were purchased as part of the Acquisition (the “LIQWD Matters”).</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During April 2021, the Company and the Sellers commenced negotiations concerning the amount to be paid to the Sellers by the Company in connection with a potential settlement of the LIQWD Matters and, in May 2021, the Company reached agreement with the Sellers on the amount to be paid by the Company to the Sellers in full satisfaction of the contingency provisions in the purchase agreement related to the LIQWD Matters.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accordingly, the Company expensed approximately $14,250 included in selling, general and administrative costs in the accompanying consolidated financial statements during the year ended December 31, 2021, associated with the amounts to be paid by the Company in connection with the final resolution of the LIQWD Matters. The amounts accrued, all of which were paid in May 2021, in connection with the final settlement of the LIQWD Matters, represent the total cost to the Company in resolving the LIQWD Matters.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a result of the foregoing agreement with the Sellers and the resulting approval by the Sellers of the settlement of the LIQWD Matters, all outstanding claims of the Sellers and the Company associated with the LIQWD Matters have been resolved.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022 and December 31, 2021, the Company is not subject to any other currently pending legal matters or claims that could have a material adverse effect on its financial position, results of operations, or cash flows should such litigation be resolved unfavorably.</span></div>
CY2023Q1 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
28 plaintiff
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LitigationSettlementExpense
14250000 usd
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1433756 shares
CY2022 us-gaap Net Income Loss
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244072000 usd
CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
648166472 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
635386219 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
41757320 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
691005846 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
689923792 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
636819975 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
650091380 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
650091380 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
648794041 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
648794041 shares
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
222100000 usd
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
16400000 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001868726-23-000021-index-headers.html Edgar Link pending
0001868726-23-000021-index.html Edgar Link pending
0001868726-23-000021.txt Edgar Link pending
0001868726-23-000021-xbrl.zip Edgar Link pending
ex1019offerletterdatedmay6.htm Edgar Link pending
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ex211subsidiariesoftheregi.htm Edgar Link pending
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olpx-20221231.htm Edgar Link pending
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olpx-20221231_htm.xml Edgar Link completed
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