e.l.f. Beauty Files Q2 2024 10-Q
Ticker: ELF · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, cosmetics
TL;DR
ELF Q2 24 10-Q filed. Financials out.
AI Summary
e.l.f. Beauty, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported its financial performance and position, including details on assets, liabilities, and equity. Specific financial figures and operational highlights for the quarter are detailed within the filing.
Why It Matters
This filing provides investors with a detailed look at e.l.f. Beauty's financial health and operational performance during the second quarter of fiscal year 2024, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 2024-11-07 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 2023-09-30 — Prior Year Period End Date (Provides a comparative point for financial analysis.)
Key Players & Entities
- e.l.f. Beauty, Inc. (company) — Filer of the 10-Q
- 20240930 (date) — End of the reporting period
- 20241107 (date) — Filing date
- J.A. Cosmetics Holdings, Inc. (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 7, 2024.
What was the company's former name?
The company's former name was J.A. Cosmetics Holdings, Inc.
What is the Standard Industrial Classification (SIC) code for e.l.f. Beauty, Inc.?
The SIC code for e.l.f. Beauty, Inc. is 2844, which corresponds to Perfumes, Cosmetics & Other Toilet Preparations.
In which state was e.l.f. Beauty, Inc. incorporated?
e.l.f. Beauty, Inc. was incorporated in Delaware (DE).
Filing Stats: 4,430 words · 18 min read · ~15 pages · Grade level 14 · Accepted 2024-11-07 16:03:01
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ELF New York Stock Exchange
Filing Documents
- elf-20240930.htm (10-Q) — 1094KB
- q225exhibit311.htm (EX-31.1) — 10KB
- q225exhibit312.htm (EX-31.2) — 10KB
- q225exhibit321.htm (EX-32.1) — 6KB
- 0001600033-24-000050.txt ( ) — 5676KB
- elf-20240930.xsd (EX-101.SCH) — 37KB
- elf-20240930_cal.xml (EX-101.CAL) — 89KB
- elf-20240930_def.xml (EX-101.DEF) — 113KB
- elf-20240930_lab.xml (EX-101.LAB) — 484KB
- elf-20240930_pre.xml (EX-101.PRE) — 322KB
- elf-20240930_htm.xml (XML) — 793KB
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 58
Defaults upon senior securities
Item 3. Defaults upon senior securities 58
Mine safety disclosures
Item 4. Mine safety disclosures 58
Other information
Item 5. Other information 58
Exhibits
Item 6. Exhibits 59
SIGNATURES
SIGNATURES 60 4 Table 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) September 30, 2024 March 31, 2024 September 30, 2023 Assets Current assets: Cash and cash equivalents $ 96,768 $ 108,183 $ 167,763 Accounts receivable, net 146,559 123,797 86,683 Inventory, net 238,798 191,489 147,228 Prepaid expenses and other current assets 71,914 53,608 33,772 Total current assets 554,039 477,077 435,446 Property and equipment, net 15,563 13,974 7,624 Intangible assets, net 216,396 225,094 73,986 Goodwill 340,582 340,600 171,620 Other assets 110,435 72,502 58,260 Total assets $ 1,237,015 $ 1,129,247 $ 746,936 Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt $ 100,250 $ 100,307 $ 5,228 Accounts payable 93,617 81,075 63,736 Accrued expenses and other current liabilities 117,030 117,733 83,407 Total current liabilities 310,897 299,115 152,371 Long-term debt 156,648 161,819 57,735 Deferred tax liabilities 4,833 3,666 4,901 Long-term operating lease obligations 36,176 21,459 14,559 Other long-term liabilities 766 616 942 Total liabilities 509,320 486,675 230,508 Commitments and contingencies (Note 7) Stockholders' equity: Common stock, par value of $ 0.01 per share; 250,000,000 shares authorized as of September 30, 2024, March 31, 2024 and September 30, 2023; 56,331,038 , 55,583,660 and 54,621,561 shares issued and outstanding as of September 30, 2024, March 31, 2024 and September 30, 2023, respectively 562 555 545 Additional paid-in capital 954,455 936,403 851,634 Accumulated other comprehensive income (loss) 439 ( 50 ) — Accumulated deficit ( 227,761 ) ( 294,336 ) ( 335,751 ) Total stockholders' equity 727,695 642,572 516,428 Total liabilities and stockholders' equity $ 1,237,015 $ 1,129,247 $ 746,936 The accompanying notes are an integral part of these condensed consolidated financial st