10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001600033-19-000040`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	elf-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 32 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 91 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.47M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	47.43M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	49.65M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.87M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	48.72M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	48.72M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	49.65M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$32.27M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.78M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	47.43M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$36.72M	USD	Point-in-time
Inventory, net	`InventoryNet`	$46.34M	USD	Point-in-time
Inventory, net	`InventoryNet`	$43.78M	USD	Point-in-time
Inventory, net	`InventoryNet`	$61.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.64M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$141.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.69M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$97.05M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$104.13M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$98.77M	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	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$2.88M	USD	Point-in-time
Investments	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$2.88M	USD	Point-in-time
Investments	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$2.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.40M	USD	Point-in-time
Total assets	`Assets`	$431.69M	USD	Point-in-time
Total assets	`Assets`	$435.86M	USD	Point-in-time
Total assets	`Assets`	$403.69M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$8.65M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$10.26M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.28M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$8.89M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$12.67M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$18.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.02M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$140.52M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$138.03M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$145.71M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$20.22M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$22.06M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$16.75M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$15.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.98M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$668.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$206.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$205.34M	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 March 31, 2019, December 31, 2018 and March 31, 2018; 49,645,450, 48,715,276 and 47,425,139 shares issued and outstanding as of March 31, 2019, December 31, 2018 and March 31, 2018, respectively	`CommonStockValue`	$483.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of March 31, 2019, December 31, 2018 and March 31, 2018; 49,645,450, 48,715,276 and 47,425,139 shares issued and outstanding as of March 31, 2019, December 31, 2018 and March 31, 2018, respectively	`CommonStockValue`	$465.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of March 31, 2019, December 31, 2018 and March 31, 2018; 49,645,450, 48,715,276 and 47,425,139 shares issued and outstanding as of March 31, 2019, December 31, 2018 and March 31, 2018, respectively	`CommonStockValue`	$478.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$744.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$740.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$724.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-529.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-511.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-526.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$198.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$229.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$215.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$193.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$435.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$403.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$431.69M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.14M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$65.92M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$25.65M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$25.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.49M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.32M	USD	1 Quarter
Restructuring expenses	`RestructuringCharges`	$22.18M	USD	1 Quarter
Restructuring expenses	`RestructuringCharges`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$3.97M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-19.01M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-315.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-888.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.85M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.96M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.12M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.17M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$433.00K	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-3.26M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-17.91M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$690.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-17.91M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$690.00K	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$-0.37	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.37	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.44M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.02M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-17.91M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$690.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.29M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.64M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.68M	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$199.00K	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$190.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-3.43M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$735.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$142.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$242.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.77M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.21M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.56M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-951.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.73M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.50M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.10M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.89M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.29M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.03M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.58M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.67M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.76M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.76M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.67M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$2.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$2.00M	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.06M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.06M	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$212.00K	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$115.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-97.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-199.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.15M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.95M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.67M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$415.00K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.47M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.06M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.20M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.87M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.20M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.47M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.06M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.87M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$229.33M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$215.22M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$198.35M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$193.86M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-17.91M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$690.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.64M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.68M	USD	1 Quarter
Exercise of stock options, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$211.00K	USD	1 Quarter
Exercise of stock options, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$115.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$229.33M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$215.22M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$198.35M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$193.86M	USD	Point-in-time

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