10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001600033-19-000049`
Period End Date	20190630
Filing Date	20190808
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	elf-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 32 Cash Flow Statement 48 Stockholders Equity 15

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`	$60.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.45M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	49.87M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.87M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	47.58M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	49.65M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$27.64M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	49.87M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$22.62M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	47.58M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$32.27M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	49.65M	shares	Point-in-time
Inventory, net	`InventoryNet`	$59.86M	USD	Point-in-time
Inventory, net	`InventoryNet`	$43.78M	USD	Point-in-time
Inventory, net	`InventoryNet`	$51.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$115.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$141.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.49M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$97.05M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$102.38M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$95.33M	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`	$22.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.65M	USD	Point-in-time
Total assets	`Assets`	$431.69M	USD	Point-in-time
Total assets	`Assets`	$406.31M	USD	Point-in-time
Total assets	`Assets`	$435.98M	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`	$10.68M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$8.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.98M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$18.31M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$18.59M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$9.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.23M	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`	$143.71M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$135.51M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$17.84M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$16.75M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$22.73M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$15.90M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$13.95M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$668.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.12M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$702.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$201.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$213.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.47M	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, 2019, March 31, 2019 and June 30, 2018; 49,865,995, 49,645,450 and 47,581,682 shares issued and outstanding as of June 30, 2019, March 31, 2019 and June 30, 2018, 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, 2019, March 31, 2019 and June 30, 2018; 49,865,995, 49,645,450 and 47,581,682 shares issued and outstanding as of June 30, 2019, March 31, 2019 and June 30, 2018, respectively	`CommonStockValue`	$484.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2019, March 31, 2019 and June 30, 2018; 49,865,995, 49,645,450 and 47,581,682 shares issued and outstanding as of June 30, 2019, March 31, 2019 and June 30, 2018, respectively	`CommonStockValue`	$483.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$744.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$747.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$729.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-525.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-529.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-525.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$222.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$198.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$204.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$215.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$431.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$406.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$435.98M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$59.76M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$59.05M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$22.41M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$22.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.19M	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`	$32.05M	USD	1 Quarter
Restructuring (income) expenses	`RestructuringCharges`	$-1.79M	USD	1 Quarter
Restructuring (income) expenses	`RestructuringCharges`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.93M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.85M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$351.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$509.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.72M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.99M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.56M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.37M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.86M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$126.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.25M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.71M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.63M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.43M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.32M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.19M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.93M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.63M	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`	$674.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.09M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$33.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$16.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.64M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.24M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.97M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-725.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.19M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.05M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.57M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$141.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.87M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.34M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.50M	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
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.08M	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$240.00K	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$285.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-98.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-187.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.88M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.09M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.87M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.97M	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`	$53.87M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.45M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.75M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.45M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.75M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.87M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.47M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$198.35M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$204.51M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$222.01M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$215.22M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.93M	USD	1 Quarter
Exercise of stock options, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$285.00K	USD	1 Quarter
Exercise of stock options, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$240.00K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$1.08M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$198.35M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$204.51M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$222.01M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$215.22M	USD	Point-in-time

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