E.l.f. beauty, inc. (ELF)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities:
Net income

8,002

6,517

3,706

-17,914

9,672

3,915

1,248

690

21,480

5,865

3,970

2,160

6,601

-2,377

-2,715

3,804

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

5,694

5,977

5,192

27,161

4,956

4,193

4,424

4,288

3,845

3,529

3,488

3,659

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,070

2,068

Depreciation of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

1,277

1,180

912

Stock-based compensation expense

3,352

4,004

3,926

3,683

4,357

4,193

4,631

3,640

3,754

3,787

3,529

2,404

1,560

4,434

968

187

Amortization of debt issuance costs and discount on debt

186

189

190

190

196

198

199

199

205

202

201

202

-223

933

307

264

Deferred income taxes

-2,463

2,257

1,086

-3,433

-25

-2,323

674

735

-13,433

2,681

-2,647

-35

-7,768

2,105

-1,893

-19

Loss/(gain) on foreign currency forward contracts

-

-

-

-

-

-

-

-

-

-

-

-

2,369

3,049

-572

5,856

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-102

-117

Other, net

46

348

16

242

284

17

33

142

1,293

71

34

330

340

-110

-7

24

Changes in operating assets and liabilities:
Accounts receivable

7,382

5,286

-9,641

-4,215

5,146

4,117

-4,141

-12,771

9,994

9,493

-3,006

-8,480

3,889

12,350

-2,464

1,617

Inventories

-2,468

-170

7,241

-2,561

-7,024

-6,496

-1,867

-951

-881

-8,698

-4,635

7,496

28,087

8,797

3,962

-2,852

Prepaid expenses and other assets

2,058

1,927

-725

1,732

5,718

-2,698

3,966

1,498

-1,830

9,523

3,203

304

-7,680

5,215

3,515

-415

Accounts payable and accrued expenses

13,446

1,992

2,190

-3,100

5,229

3,462

-2,051

-16,891

8,584

6,261

-8,879

-31,449

19,552

15,737

500

7,355

Other liabilities

-504

-4,111

-6,566

-3,295

-278

-72

141

3

100

-382

46

6

499

-384

489

792

Net cash provided by operating activities

20,795

4,140

12,865

8,578

20,551

18,660

11,341

5,030

18,545

11,696

4,180

-22,043

-429

-5,309

-3,440

11,298

Cash flows from investing activities:
Purchase of property and equipment

1,539

2,630

2,904

3,762

2,416

1,294

2,495

2,667

3,173

2,222

1,473

676

3,670

2,643

989

1,921

Net cash used in investing activities

-1,539

-2,630

-2,904

-3,762

-2,416

-1,294

-2,495

-2,667

-3,173

-2,222

-4,348

-676

-3,670

-2,643

-905

-1,921

Cash flows from financing activities:
Proceeds from revolving line of credit

-

-

-

0

0

0

0

2,000

1,800

3,500

5,600

15,000

-

-

-

-

Repayment of revolving line of credit

-

-

-

0

0

0

0

2,000

11,300

8,100

6,500

0

0

5,500

0

7,700

Repayment of long-term debt

2,475

2,475

2,063

2,063

2,062

2,063

2,062

2,063

2,062

2,063

2,062

2,063

109,171

41,056

657

656

Repurchase of common stock

1,000

1,467

1,079

-

0

0

0

-

-

-

-

-

-

-

-

-

Cash received from issuance of common stock

406

626

240

115

1,681

999

285

212

669

156

1,007

146

37

63,365

-80

749

Deferred offering costs paid

-

-

-

-

-

-

-

-

-

-

-

193

2,247

2,435

2,174

965

Other, net

-194

-193

-187

-199

-197

-99

-98

-97

-97

-125

-92

-90

-

-

-

-

Net cash used in financing activities

-3,263

-3,509

-3,089

-2,147

-578

-1,163

-1,875

-1,948

-10,990

-7,151

-1,854

12,800

-1,690

25,274

-6,702

-8,572

Net increase in cash and cash equivalents

15,993

-1,999

6,872

2,669

17,557

16,203

6,971

415

4,382

2,323

-2,022

-9,919

-5,789

17,322

-11,047

805