10-Q Filing

E.L.F. BEAUTY, INC. CIK: 1600033 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001600033-23-000035`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	elf-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 32 Cash Flow Statement 48 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`	$142.55M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	52.42M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	54.42M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	53.77M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.78M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$52.28M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	53.77M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.42M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$90.53M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	54.42M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$67.93M	USD	Point-in-time
Inventory, net	`InventoryNet`	$81.32M	USD	Point-in-time
Inventory, net	`InventoryNet`	$70.34M	USD	Point-in-time
Inventory, net	`InventoryNet`	$98.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.77M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$303.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$216.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.87M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$78.04M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$76.01M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$84.13M	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`	$1.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.25M	USD	Point-in-time
Total assets	`Assets`	$595.60M	USD	Point-in-time
Total assets	`Assets`	$513.86M	USD	Point-in-time
Total assets	`Assets`	$657.88M	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`	$5.58M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$5.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.92M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$70.97M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$51.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.98M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$59.61M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$60.88M	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$89.68M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.74M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$5.86M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$13.54M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$11.20M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$14.64M	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$10.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$870.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$784.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$817.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$180.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$184.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$186.18M	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, 2023, March 31, 2023 and June 30, 2022; 54,417,579, 53,770,482 and 52,424,445 shares issued and outstanding as of June 30, 2023, March 31, 2023 and June 30, 2022, 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, 2023, March 31, 2023 and June 30, 2022; 54,417,579, 53,770,482 and 52,424,445 shares issued and outstanding as of June 30, 2023, March 31, 2023 and June 30, 2022, respectively	`CommonStockValue`	$543.00K	USD	Point-in-time
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2023, March 31, 2023 and June 30, 2022; 54,417,579, 53,770,482 and 52,424,445 shares issued and outstanding as of June 30, 2023, March 31, 2023 and June 30, 2022, respectively	`CommonStockValue`	$535.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$840.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$832.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$801.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-422.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-369.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-469.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$411.02M	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`	$471.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$657.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$513.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$595.60M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$122.60M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$216.34M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$39.62M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$63.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$152.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$82.98M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$91.94M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$60.63M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.66M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$399.00K	USD	1 Quarter
Impairment of equity investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	1 Quarter
Impairment of equity investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$1.72M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-663.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$341.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.65M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.10M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.68M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.98M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.18M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.83M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$52.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.72M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.54M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.20M	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$75.00K	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$91.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.11M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.94M	USD	1 Quarter
Impairment of equity investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$1.72M	USD	1 Quarter
Impairment of equity investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$21.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$71.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.61M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-14.16M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$16.73M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.26M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.09M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.01M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.44M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-945.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.01M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.58M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.35M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$616.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-241.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-616.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$1.25M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$1.25M	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.00K	USD	1 Quarter
Cash received from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$485.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-194.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-202.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.44M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-967.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$28.89M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$21.77M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.78M	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`	$142.55M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.35M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.55M	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`	$72.25M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.78M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$312.43M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$333.45M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$411.02M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$471.70M	USD	Point-in-time
Net income	`NetIncomeLoss`	$52.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.22M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.55M	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`	$485.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$312.43M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$333.45M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$411.02M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$471.70M	USD	Point-in-time

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