e.l.f. Beauty, Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>e.l.f. Beauty, Inc. has submitted its Q3 FY2024 10-Q filing, detailing financial performance up to December 31, 2023.</b>

AI Summary

e.l.f. Beauty, Inc. (ELF) filed a Quarterly Report (10-Q) with the SEC on February 7, 2024. e.l.f. Beauty, Inc. filed its quarterly report (10-Q) for the period ending December 31, 2023. The filing covers the third quarter of fiscal year 2024. The company's fiscal year ends on March 31st. The filing was made on February 7, 2024. The company's principal executive offices are located in Oakland, California.

Why It Matters

For investors and stakeholders tracking e.l.f. Beauty, Inc., this filing contains several important signals. This filing provides investors with the latest financial data and operational updates for e.l.f. Beauty, Inc., crucial for assessing the company's performance and future prospects. Understanding the details within this 10-Q is essential for making informed investment decisions regarding ELF stock.

Risk Assessment

Risk Level: low — e.l.f. Beauty, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures, indicating a routine update on the company's financial status.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to identify any significant trends or changes in e.l.f. Beauty's performance.

Key Numbers

• 20231231 — Period of Report End Date (Fiscal quarter ending date)
• 20240207 — Filing Date (Date the report was filed)
• 0331 — Fiscal Year End (Company's fiscal year end month and day)
• 2024 — Fiscal Quarter (Indicates the filing is for the third quarter of fiscal year 2024)

Key Players & Entities

• e.l.f. Beauty, Inc. (company) — Filer and subject of the report
• Oakland (location) — Location of company's business address
• DE (location) — State of incorporation
• J.A. Cosmetics Holdings, Inc. (company) — Former company name

FAQ

Industry Context

e.l.f. Beauty operates in the beauty and personal care industry, a sector characterized by consumer trends, brand loyalty, and competitive product development.

Regulatory Implications

The filing adheres to SEC regulations for quarterly reporting (Form 10-Q) under the Securities Exchange Act of 1934, ensuring transparency for public investors.

What Investors Should Do

1. Analyze the consolidated balance sheets, statements of operations, and cash flows for the period ending December 31, 2023.
2. Review the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section for insights into performance drivers.
3. Note any significant changes in liabilities or equity reported in the balance sheet compared to prior periods.

Key Dates

• 2023-12-31: Period of Report End Date — Marks the end of the reporting period for the 10-Q filing.
• 2024-02-07: Filing Date — The date e.l.f. Beauty, Inc. officially submitted its 10-Q to the SEC.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending December 31, 2023. Specific comparative data from the previous filing (likely a 10-Q for the period ending September 30, 2023, or an annual 10-K) would be needed for a direct comparison.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share ELF New York Stock Exchange

Filing Documents

• elf-20231231.htm (10-Q) — 1146KB
• q324exhibit311.htm (EX-31.1) — 10KB
• q324exhibit312.htm (EX-31.2) — 10KB
• q324exhibit321.htm (EX-32.1) — 6KB
• 0001600033-24-000008.txt (&nbsp;) — 6103KB
• elf-20231231.xsd (EX-101.SCH) — 43KB
• elf-20231231_cal.xml (EX-101.CAL) — 114KB
• elf-20231231_def.xml (EX-101.DEF) — 124KB
• elf-20231231_lab.xml (EX-101.LAB) — 562KB
• elf-20231231_pre.xml (EX-101.PRE) — 351KB
• elf-20231231_htm.xml (XML) — 882KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 5

Financial statements (unaudited)

Item 1. Financial statements (unaudited) 5 Condensed consolidated balance sheets 5 Condensed consolidated statements of operations 6 Condensed consolidated statements of comprehensive income 7 Condensed consolidated statements of stockholders' equity 8 Condensed consolidated statements of cash flows 10 Notes to condensed consolidated financial statements (unaudited) 11

Management's discussion and analysis of financial condition and results of operations

Item 2. Management's discussion and analysis of financial condition and results of operations 22

Quantitative and qualitative disclosures about market risk

Item 3. Quantitative and qualitative disclosures about market risk 28

Controls and procedures

Item 4. Controls and procedures 28

OTHER INFORMATION

PART II. OTHER INFORMATION 29

Legal proceedings

Item 1. Legal proceedings 29

Risk factors

Item 1A. Risk factors 29

Unregistered sales of equity securities and use of proceeds

Item 2. Unregistered sales of equity securities and use of proceeds 56

Defaults upon senior securities

Item 3. Defaults upon senior securities 57

Mine safety disclosures

Item 4. Mine safety disclosures 57

Other information

Item 5. Other information 57

Exhibits

Item 6. Exhibits 57

SIGNATURES

SIGNATURES 58 4 T able of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial statements (unaudited)

Item 1. Financial statements (unaudited) e.l.f. Beauty, Inc. and subsidiaries Condensed consolidated balance sheets (unaudited) (in thousands, except share and per share data) December 31, 2023 March 31, 2023 December 31, 2022 Assets Current assets: Cash and cash equivalents $ 72,705 $ 120,778 $ 87,021 Accounts receivable, net 121,061 67,928 66,237 Inventory, net 204,504 81,323 81,250 Prepaid expenses and other current assets 56,630 33,296 28,382 Total current assets 454,900 303,325 262,890 Property and equipment, net 12,805 7,874 8,726 Intangible assets, net 230,658 78,041 80,071 Goodwill 340,165 171,620 171,620 Investments 1,155 2,875 2,875 Other assets 68,601 31,866 29,743 Total assets $ 1,108,284 $ 595,601 $ 555,925 Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt and finance lease obligations $ 100,394 $ 5,575 $ 5,690 Accounts payable 72,917 31,427 32,049 Accrued expenses and other current liabilities 129,628 70,974 49,798 Total current liabilities 302,939 107,976 87,537 Long-term debt and finance lease obligations 164,403 60,881 62,177 Deferred tax liabilities 4,281 3,742 7,783 Long-term operating lease obligations 21,720 11,201 12,329 Other long-term liabilities 717 784 795 Total liabilities 494,060 184,584 170,621 Commitments and contingencies (Note 9) Stockholders' equity: Common stock, par value of $ 0.01 per share; 250,000,000 shares authorized as of December 31, 2023, March 31, 2023 and December 31, 2022; 55,412,234 , 53,770,482 and 53,165,462 shares issued and outstanding as of December 31, 2023, March 31, 2023 and December 31, 2022, respectively 553 535 528 Additional paid-in capital 922,592 832,481 823,021 Accumulated other comprehensive loss ( 58 ) — — Accumulated deficit ( 308,863 ) ( 421,999 ) ( 438,245 ) Total stockholders' equity 614,224 411,017 385,304 Total liabilities and stockholders' equity $ 1,108,284 $ 595,601 $ 555,925 The accompanying notes are an int