10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001600033-21-000050`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	elf-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 34 Cash Flow Statement 58 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`	$57.77M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.71M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.40M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	51.59M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	51.83M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.83M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	50.71M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.59M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$40.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.82M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$43.13M	USD	Point-in-time
Inventory, net	`InventoryNet`	$56.81M	USD	Point-in-time
Inventory, net	`InventoryNet`	$52.75M	USD	Point-in-time
Inventory, net	`InventoryNet`	$54.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.71M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$145.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$170.14M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.77M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$100.38M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$92.26M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$94.29M	USD	Point-in-time
Goodwill	`Goodwill`	$171.62M	USD	Point-in-time
Goodwill	`Goodwill`	$171.32M	USD	Point-in-time
Goodwill	`Goodwill`	$171.62M	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`	$25.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.70M	USD	Point-in-time
Total assets	`Assets`	$462.07M	USD	Point-in-time
Total assets	`Assets`	$498.39M	USD	Point-in-time
Total assets	`Assets`	$487.39M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.28M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$32.25M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$13.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.70M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$33.62M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$22.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$41.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.98M	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`	$95.25M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$110.25M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$17.75M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$13.48M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$21.48M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$20.08M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$11.40M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$19.05M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$550.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$598.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$736.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$215.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$217.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$213.36M	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, 2021, March 31, 2021 and June 30, 2020; 51,826,156, 51,590,830 and 50,708,699 shares issued and outstanding as of June 30, 2021, March 31, 2021 and June 30, 2020, respectively	`CommonStockValue`	$508.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2021, March 31, 2021 and June 30, 2020; 51,826,156, 51,590,830 and 50,708,699 shares issued and outstanding as of June 30, 2021, March 31, 2021 and June 30, 2020, respectively	`CommonStockValue`	$504.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2021, March 31, 2021 and June 30, 2020; 51,826,156, 51,590,830 and 50,708,699 shares issued and outstanding as of June 30, 2021, March 31, 2021 and June 30, 2020, respectively	`CommonStockValue`	$491.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$758.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$779.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$774.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-505.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-497.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-510.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$242.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$269.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$282.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$248.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$462.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$498.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$487.39M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$64.53M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$97.05M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$35.14M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$21.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$43.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$61.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.33M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.75M	USD	1 Quarter
Restructuring income	`RestructuringIncome`	-	USD	1 Quarter
Restructuring income	`RestructuringIncome`	$14.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.01M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-162.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.47M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-745.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-460.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.51M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.80M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$-1.00K	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$1.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.51M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.28M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.92M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.94M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.41M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.22M	USD	1 Quarter
Restructuring income	`RestructuringIncome`	$14.00K	USD	1 Quarter
Restructuring income	`RestructuringIncome`	-	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.63M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.28M	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$118.00K	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$214.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-414.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.27M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-460.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$97.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$72.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$174.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.97M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.54M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.13M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.06M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.42M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.89M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-856.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.82M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.49M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.16M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.34M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.34M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.16M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$26.48M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$20.00M	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$20.00M	USD	1 Quarter
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Proceeds from long term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from long term debt	`ProceedsFromIssuanceOfLongTermDebt`	$25.58M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.48M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$50.77M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$1.06M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$334.00K	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$463.00K	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$398.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-207.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$478.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.61M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.63M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.06M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.17M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.40M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.77M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.22M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.77M	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`	$63.40M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.22M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$269.65M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$282.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$242.17M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$248.71M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.28M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.19M	USD	1 Quarter
Exercise of stock options and vesting of restricted stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$398.00K	USD	1 Quarter
Exercise of stock options and vesting of restricted stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$510.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$269.65M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$282.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$242.17M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$248.71M	USD	Point-in-time

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