10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001600033-18-000043`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	elf-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 60 Cash Flow Statement 54

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	47.58M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	46.08M	shares	Point-in-time
Cash	`Cash`	$17.45M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	46.62M	shares	Point-in-time
Cash	`Cash`	$3.35M	USD	Point-in-time
Cash	`Cash`	$15.29M	USD	Point-in-time
Cash	`Cash`	$10.06M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	46.62M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$26.14M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	46.08M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	47.58M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$27.64M	USD	Point-in-time
Inventory, net	`InventoryNet`	$62.68M	USD	Point-in-time
Inventory, net	`InventoryNet`	$59.86M	USD	Point-in-time
Inventory, net	`InventoryNet`	$72.27M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$115.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$107.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$123.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.04M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$105.88M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$102.38M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$109.39M	USD	Point-in-time
Goodwill	`Goodwill`	$157.26M	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
Investments	`CostMethodInvestments`	$2.88M	USD	Point-in-time
Investments	`CostMethodInvestments`	$2.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.65M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.72M	USD	Point-in-time
Total assets	`Assets`	$395.82M	USD	Point-in-time
Total assets	`Assets`	$406.31M	USD	Point-in-time
Total assets	`Assets`	$417.24M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$22.77M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$8.65M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$8.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.76M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$9.81M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$15.94M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$12.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.47M	USD	Point-in-time
Long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$143.71M	USD	Point-in-time
Long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$152.20M	USD	Point-in-time
Long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$147.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$21.34M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$31.74M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$22.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.12M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$237.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$223.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$201.80M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	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 June 30, 2018, December 31, 2017 and June 30, 2017; 47,581,682, 46,617,830 and 46,082,501 shares issued and outstanding as of June 30, 2018, December 31, 2017 and June 30, 2017, respectively	`CommonStockValue`	$467.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2018, December 31, 2017 and June 30, 2017; 47,581,682, 46,617,830 and 46,082,501 shares issued and outstanding as of June 30, 2018, December 31, 2017 and June 30, 2017, respectively	`CommonStockValue`	$463.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2018, December 31, 2017 and June 30, 2017; 47,581,682, 46,617,830 and 46,082,501 shares issued and outstanding as of June 30, 2018, December 31, 2017 and June 30, 2017, respectively	`CommonStockValue`	$458.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$729.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$720.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$712.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-525.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-526.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-554.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$158.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$193.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$204.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$395.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$406.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$417.24M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$55.86M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$124.97M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$59.05M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$116.43M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$22.41M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$42.31M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$48.12M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$19.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.85M	USD	2 Qtrs
Gross profit	`GrossProfit`	$74.12M	USD	2 Qtrs
Gross profit	`GrossProfit`	$35.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$36.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.79M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$65.71M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$70.03M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$6.83M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.85M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$8.41M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$3.19M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-379.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-244.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$509.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.04M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.95M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-4.54M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.99M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.39M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.82M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$554.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.37M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.50M	USD	2 Qtrs
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-3.31M	USD	2 Qtrs
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-3.42M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$126.00K	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$559.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.97M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.25M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.97M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.94M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.13M	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.12	USD	2 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.04	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.63M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.79M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.53M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	45.47M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.51M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.43M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.36M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.52M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.97M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.71M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.15M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.27M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.93M	USD	2 Qtrs
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$398.00K	USD	2 Qtrs
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$403.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.41M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.68M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$175.00K	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$364.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.49M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.91M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.82M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.86M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.51M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.46M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.94M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-40.33M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$144.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$52.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.86M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.37M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.15M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.16M	USD	2 Qtrs
Investment in equity securities	`PaymentsToAcquireInvestments`	$2.88M	USD	2 Qtrs
Investment in equity securities	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.02M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.16M	USD	2 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$20.60M	USD	2 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$2.00M	USD	2 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$6.50M	USD	2 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$2.00M	USD	2 Qtrs
Repayment of long term debt	`RepaymentsOfLongTermDebt`	$4.12M	USD	2 Qtrs
Repayment of long term debt	`RepaymentsOfLongTermDebt`	$4.12M	USD	2 Qtrs
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.15M	USD	2 Qtrs
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$497.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-182.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-195.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.95M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.82M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.94M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.39M	USD	2 Qtrs
Cash - beginning of period	`Cash`	$10.06M	USD	Point-in-time
Cash - beginning of period	`Cash`	$15.29M	USD	Point-in-time
Cash - beginning of period	`Cash`	$3.35M	USD	Point-in-time
Cash - beginning of period	`Cash`	$17.45M	USD	Point-in-time
Cash - end of period	`Cash`	$10.06M	USD	Point-in-time
Cash - end of period	`Cash`	$15.29M	USD	Point-in-time
Cash - end of period	`Cash`	$3.35M	USD	Point-in-time
Cash - end of period	`Cash`	$17.45M	USD	Point-in-time

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