10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001600033-22-000036`
Period End Date	20220630
Filing Date	20220804
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	elf-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 34 Cash Flow Statement 56 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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	51.83M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.35M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	52.24M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	52.42M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$45.57M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.42M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$52.28M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.24M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.83M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$43.13M	USD	Point-in-time
Inventory, net	`InventoryNet`	$70.34M	USD	Point-in-time
Inventory, net	`InventoryNet`	$84.50M	USD	Point-in-time
Inventory, net	`InventoryNet`	$54.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$216.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.56M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$84.13M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$86.16M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$92.26M	USD	Point-in-time
Goodwill	`Goodwill`	$171.62M	USD	Point-in-time
Goodwill	`Goodwill`	$171.62M	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`	$30.37M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.35M	USD	Point-in-time
Total assets	`Assets`	$498.39M	USD	Point-in-time
Total assets	`Assets`	$494.63M	USD	Point-in-time
Total assets	`Assets`	$513.86M	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`	$5.79M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$5.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$40.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.92M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$33.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.98M	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`	$91.08M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$89.68M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$9.59M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$17.75M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$13.54M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$19.05M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$14.64M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$15.74M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$817.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$736.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$769.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$180.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$215.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$182.20M	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, 2022, March 31, 2022 and June 30, 2021; 52,424,445, 52,243,764 and 51,826,156 shares issued and outstanding as of June 30, 2022, March 31, 2022 and June 30, 2021, respectively	`CommonStockValue`	$517.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2022, March 31, 2022 and June 30, 2021; 52,424,445, 52,243,764 and 51,826,156 shares issued and outstanding as of June 30, 2022, March 31, 2022 and June 30, 2021, 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, 2022, March 31, 2022 and June 30, 2021; 52,424,445, 52,243,764 and 51,826,156 shares issued and outstanding as of June 30, 2022, March 31, 2022 and June 30, 2021, respectively	`CommonStockValue`	$515.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$779.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$801.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$795.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-483.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-469.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-497.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$312.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$333.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$282.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$269.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$498.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$513.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$494.63M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$122.60M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$97.05M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$39.62M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$35.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$82.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$61.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.75M	USD	1 Quarter
Restructuring income	`RestructuringCharges`	$-14.00K	USD	1 Quarter
Restructuring income	`RestructuringCharges`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.43M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.66M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-162.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-745.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-663.00K	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`	$19.10M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.80M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.63M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.47M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.54M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.83M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.72M	USD	1 Quarter
Restructuring income	`RestructuringCharges`	-	USD	1 Quarter
Restructuring income	`RestructuringCharges`	$-14.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.28M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.54M	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$91.00K	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$118.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.94M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.27M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-460.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$97.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$21.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.97M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-14.16M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.32M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.13M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.26M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.44M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.42M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.02M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-945.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.58M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.00K	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`	$-241.00K	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$26.48M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	-	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`	$50.77M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$1.25M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$1.06M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$463.00K	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-207.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-194.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$478.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.44M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$28.89M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.63M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.77M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.35M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.25M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.40M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.25M	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`	$43.35M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.77M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$333.45M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$282.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$312.43M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$269.65M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.55M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.19M	USD	1 Quarter
Exercise of stock options and vesting of restricted stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.00K	USD	1 Quarter
Exercise of stock options and vesting of restricted stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$510.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$333.45M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$282.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$312.43M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$269.65M	USD	Point-in-time

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