10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-023229`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	elf-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 60 Cash Flow Statement 66

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.24M	shares	Point-in-time
Cash	`Cash`	$21.08M	USD	Point-in-time
Cash	`Cash`	$15.29M	USD	Point-in-time
Cash	`Cash`	$14.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.28M	shares	Point-in-time
Cash	`Cash`	$5.68M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.28M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$35.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$37.83M	USD	Point-in-time
Inventories	`InventoryNet`	$69.40M	USD	Point-in-time
Inventories	`InventoryNet`	$63.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$124.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$113.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.15M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$107.64M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$113.00M	USD	Point-in-time
Goodwill	`Goodwill`	$157.26M	USD	Point-in-time
Goodwill	`Goodwill`	$157.26M	USD	Point-in-time
Investments	`CostMethodInvestments`	$2.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.43M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.41M	USD	Point-in-time
Total assets	`Assets`	$414.73M	USD	Point-in-time
Total assets	`Assets`	$407.02M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$18.14M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$8.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.94M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$12.94M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$33.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.27M	USD	Point-in-time
Long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$149.69M	USD	Point-in-time
Long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$156.18M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$34.21M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$34.41M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.21M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$273.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$239.06M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of September 30, 2017 and December 31, 2016; 46,242,817 and 45,276,137 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$438.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of September 30, 2017 and December 31, 2016; 46,242,817 and 45,276,137 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$459.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$700.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$715.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-560.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-548.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$167.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$140.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$407.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$414.73M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$71.86M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$56.31M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$188.29M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$153.13M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$28.95M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$23.83M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$71.26M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$66.22M	USD	3 Qtrs
Gross profit	`GrossProfit`	$86.92M	USD	3 Qtrs
Gross profit	`GrossProfit`	$32.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.03M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$31.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$98.84M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$78.81M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$8.11M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$9.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$18.19M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.48M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.42M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-379.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$288.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.25M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-2.26M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-6.80M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-11.59M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-5.19M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.43M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.14M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.23M	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.96M	USD	3 Qtrs
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$61.00K	USD	3 Qtrs
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$1.27M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-1.05M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-2.03M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.38M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.29M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$11.99M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$11.99M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$5.87M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.29M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-2.38M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-234.34	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.27	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-73.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-73.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-234.34	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.24	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.13M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.15M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.81M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.11M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.11M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.15M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.46M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.28M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.38M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.29M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$11.99M	USD	3 Qtrs
Amortization of intangible and other non-current assets	`AmortizationOfIntangibleAndOtherNonCurrentAssets`	$6.21M	USD	3 Qtrs
Amortization of intangible and other non-current assets	`AmortizationOfIntangibleAndOtherNonCurrentAssets`	$5.55M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$3.37M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$5.12M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.59M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.72M	USD	3 Qtrs
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$1.50M	USD	3 Qtrs
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$605.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$193.00K	USD	3 Qtrs
Debt prepayment penalty	`GainLossOnDebtPrepaymentPenalty`	$-400.00K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-235.00K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-241.00K	USD	3 Qtrs
Loss/(gain) on foreign currency forward contracts	`GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet`	$8.33M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-93.00K	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$194.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.99M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.50M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.84M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.91M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.31M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.03M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.59M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-34.07M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-330.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$897.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.55M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.17M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.55M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.37M	USD	3 Qtrs
Investment in equity securities	`PaymentsToAcquireInvestments`	$2.88M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$84.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.47M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.25M	USD	3 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$24.10M	USD	3 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$5.50M	USD	3 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$14.60M	USD	3 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$13.20M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$62.29M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$42.37M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$6.19M	USD	3 Qtrs
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$519.00K	USD	3 Qtrs
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.31M	USD	3 Qtrs
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$64.03M	USD	3 Qtrs
Proceeds from repayment of employee note receivable	`RepaymentOfNotesReceivableFromRelatedParties`	$7.91M	USD	3 Qtrs
Deferred offering costs paid	`PaymentsOfDeferredOfferingCosts`	$5.57M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$68.00M	USD	3 Qtrs
Debt prepayment penalty	`DebtPrepaymentPenalty`	$400.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-307.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-197.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.79M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.00M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.62M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.08M	USD	3 Qtrs
Cash - beginning of period	`Cash`	$21.08M	USD	Point-in-time
Cash - beginning of period	`Cash`	$15.29M	USD	Point-in-time
Cash - beginning of period	`Cash`	$14.00M	USD	Point-in-time
Cash - beginning of period	`Cash`	$5.68M	USD	Point-in-time
Cash - end of period	`Cash`	$21.08M	USD	Point-in-time
Cash - end of period	`Cash`	$15.29M	USD	Point-in-time
Cash - end of period	`Cash`	$14.00M	USD	Point-in-time
Cash - end of period	`Cash`	$5.68M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.