10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001600033-20-000063`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	q12021form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 32 Cash Flow Statement 56 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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	49.87M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.71M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.75M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.17M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.72M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	50.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	49.87M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	50.71M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$22.62M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.82M	USD	Point-in-time
Inventory, net	`InventoryNet`	$51.02M	USD	Point-in-time
Inventory, net	`InventoryNet`	$46.21M	USD	Point-in-time
Inventory, net	`InventoryNet`	$52.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.26M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$141.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$145.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$132.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.17M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$95.33M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$102.41M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$100.38M	USD	Point-in-time
Goodwill	`Goodwill`	$157.26M	USD	Point-in-time
Goodwill	`Goodwill`	$171.32M	USD	Point-in-time
Goodwill	`Goodwill`	$171.32M	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`	$22.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.97M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.83M	USD	Point-in-time
Total assets	`Assets`	$453.10M	USD	Point-in-time
Total assets	`Assets`	$435.98M	USD	Point-in-time
Total assets	`Assets`	$462.07M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.57M	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`	$13.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$26.16M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$22.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$18.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.12M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$126.09M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$122.70M	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`	$21.89M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$21.48M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$13.95M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$11.24M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$11.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$591.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$702.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$550.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$210.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$213.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$213.97M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2020, March 31, 2020 and June 30, 2019; 50,708,699, 50,003,531 and 49,865,995 shares issued and outstanding as of June 30, 2020, March 31, 2020 and June 30, 2019, respectively	`CommonStockValue`	$491.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2020, March 31, 2020 and June 30, 2019; 50,708,699, 50,003,531 and 49,865,995 shares issued and outstanding as of June 30, 2020, March 31, 2020 and June 30, 2019, respectively	`CommonStockValue`	$489.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2020, March 31, 2020 and June 30, 2019; 50,708,699, 50,003,531 and 49,865,995 shares issued and outstanding as of June 30, 2020, March 31, 2020 and June 30, 2019, respectively	`CommonStockValue`	$484.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$747.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$758.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$753.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-511.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-525.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-510.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$215.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$222.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$248.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$242.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$435.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$453.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$462.07M	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`	$64.53M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$21.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$22.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$43.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.05M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.33M	USD	1 Quarter
Restructuring income	`RestructuringCharges`	$-1.79M	USD	1 Quarter
Restructuring income	`RestructuringCharges`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.93M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$351.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.72M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.47M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.51M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.56M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$1.86M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$-1.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.51M	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`	$0.07	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.92M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.32M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.94M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.19M	USD	1 Quarter
Restructuring income	`RestructuringCharges`	$-1.79M	USD	1 Quarter
Restructuring income	`RestructuringCharges`	-	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`	$214.00K	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$190.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.09M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-414.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$72.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$16.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$174.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.54M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.24M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-725.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.06M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.19M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.89M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.77M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-856.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.82M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.87M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.16M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.16M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.90M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$20.00M	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$20.00M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.06M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.48M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$334.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.08M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$398.00K	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$240.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-187.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.61M	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`	$8.06M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.22M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.75M	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`	$46.17M	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`	$46.17M	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`	$54.22M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$222.01M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$248.71M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$215.22M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$242.17M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.51M	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 and vesting of restricted stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$240.00K	USD	1 Quarter
Exercise of stock options and vesting of restricted stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$398.00K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$1.08M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$222.01M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$248.71M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$215.22M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$242.17M	USD	Point-in-time

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