← e.l.f. Beauty, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $61.5m $127.7m $112.1m $26.3m
Net Income (Loss) Attributable to Parent $5.3m $33.5m $15.5m $17.9m $6.2m $21.8m $61.5m $127.7m $112.1m $26.3m
Depreciation, Depletion and Amortization $4.9m $14.5m $17.9m $22.8m $25.2m $27.1m $22.2m $35.9m $44.1m $79.4m
Amortization of Debt Issuance Costs $1.3m $810k $792k $747k $847k $331k $346k $430k $545k $1.4m
Amortization of Debt Issuance Costs and Discounts $1.3m $810k $792k $747k $847k $394k $346k $430k $545k $1.4m
Amortization of Intangible Assets $8.3m $7.1m $7.1m $7.0m $8.1m $8.1m $8.1m $15.0m $17.4m $35.5m
Depreciation $4.9m $14.5m $17.9m $22.8m $25.2m $27.1m $22.2m $35.9m $44.1m $79.4m
Other Depreciation and Amortization — — — — — — — $3.5m $4.4m $8.7m
Depreciation Amortization Depletion — — — — — — $17.6m $30.2m $44.1m $79.4m
Amortization of debt issuance costs and discount on debt $1.3m $810k $792k $747k $847k $394k $346k $430k $545k $1.4m
Deferred Income Tax Expense (Benefit) ($7.6m) ($13.4m) ($939k) $2.4m ($8.6m) ($3.7m) ($6.4m) ($3.3m) $533k ($3.5m)
Deferred Income Tax — — — — — — ($6.4m) ($3.3m) $446k ($3.5m)
Deferred Tax — — — — — — ($6.4m) ($3.3m) $446k ($3.5m)
Deferred income taxes ($7.6m) ($13.4m) ($939k) $2.4m ($8.6m) ($3.7m) ($6.4m) ($3.3m) $446k ($3.5m)
Share-based Payment Arrangement, Noncash Expense $7.1m $13.5m $16.8m $15.5m $19.7m $19.6m $29.1m $40.6m $71.8m $86.9m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — $2.9m $0 $0
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Impairment Charge — — — — — — $0 $2.9m $0 $0
Impairment of equity investment — — — — — $0 $0 $2.9m $0 $0
Gain (Loss) on Disposition of Property Plant Equipment ($260k) ($536k) — — — $152k — — — —
Gain (Loss) on Extinguishment of Debt ($2.7m) $0 $0 $0 $0 ($460k) ($176k) $0 ($13k) ($674k)
Income Tax Expense (Benefit) $4.5m ($11.0m) $2.4m $6.2m ($2.5m) $3.7m $2.5m $13.3m $33.4m $14.1m
Other Nonoperating Income (Expense) $3.0m ($2.0m) ($390k) $426k ($1.6m) ($1.4m) ($1.9m) $1.2m $1.3m $2.8m
Loss on extinguishment of debt $2.7m $0 $0 $0 $0 $460k $176k $0 $13k $674k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $15.4m $8.0m ($7.6m) ($2.5m) $10.5m $5.6m $22.4m $49.6m $2.7m $17.5m
Increase (Decrease) in Inventories $38.0m ($6.7m) ($16.3m) $435k $10.9m $27.7m ($3.2m) $93.9m ($4.9m) ($7.3m)
Goodwill $157.3m $157.3m $157.3m $171.3m $171.6m $171.6m $171.6m $340.6m $340.6m $853.5m
Inventory Write-down — — $800k — — — — — — —
Operating Cash Flow $2.1m $12.4m $55.6m $44.3m $29.5m $19.5m $101.9m $71.2m $133.8m $212.5m
Cash Flow From Continuing Operating Activities $2.1m $12.4m $55.6m $44.3m $29.5m $19.5m $101.9m $71.2m $133.8m $212.5m
Beginning Cash Position — — — — — — $43.4m $120.8m $108.2m $148.7m
Cash Flow From Continuing Financing Activities — — — — — — ($22.7m) $200.9m ($74.4m) $533.9m
Cash Flow From Continuing Investing Activities — — — — — — ($1.7m) ($284.7m) ($19.1m) ($605.2m)
Change In Inventory — — — — — — $3.2m ($93.9m) $4.9m $7.3m
Change In Other Current Liabilities — — — — — — ($4.4m) ($6.3m) ($7.9m) ($54k)
Change In Payables And Accrued Expense — — — — — — $43.0m $81.2m ($23.4m) $75.3m
Change In Prepaid Assets — — — — — — ($24.6m) ($55.2m) ($75.9m) ($67.4m)
Change In Receivables — — — — — — ($22.4m) ($49.6m) ($2.7m) ($17.5m)
Change In Working Capital — — — — — — ($5.2m) ($123.8m) ($105.0m) ($2.3m)
Changes In Account Receivables — — — — — — ($22.4m) ($49.6m) ($2.7m) ($17.5m)
Changes In Cash — — — — — — $77.4m ($12.6m) $40.3m $141.2m
End Cash Position — — — — — — $120.8m $108.2m $148.7m $289.7m
Financing Cash Flow — — — — — — ($22.7m) $200.9m ($74.4m) $533.9m
Free Cash Flow — — — — — — $100.2m $62.5m $115.3m $190.1m
Investing Cash Flow — — — — — — ($1.7m) ($284.7m) ($19.1m) ($605.2m)
Issuance Of Capital Stock — — — — — — $8.1m $5.6m $953k $5.8m
Net Business Purchase And Sale — — — — — — $0 ($275.0m) $0 ($581.7m)
Net PPE Purchase And Sale — — — — — — ($1.7m) ($8.7m) ($18.5m) ($22.4m)
Operating Gains Losses — — — — — $460k $176k — $13k $58.3m
Other Non Cash Items — — — — — — $5.1m ($3.1m) $10.4m ($32.5m)
Purchase Of Business — — — — — — $0 ($275.0m) $0 ($581.7m)
Purchase Of PPE — — — — — — ($1.7m) ($8.7m) ($18.5m) ($22.4m)
Repurchase Of Capital Stock — — — — — — $0 $0 ($67.1m) ($50.0m)
Stock Based Compensation — — — — — — $29.1m $40.6m $71.8m $86.9m
Non-cash lease expense — — — — — — $4.6m $5.7m $9.7m $10.9m
Stock-based compensation expense $7.1m $13.5m $16.8m $15.5m $19.7m $19.6m $29.1m $40.6m $71.8m $86.9m
Acquisition-related seller expenses — — — — — $0 $0 ($10.5m) $0 ($47.1m)
Change in fair value of contingent consideration — — — — — — — $0 $0 $57.6m
Other, net ($657k) ($404k) ($490k) ($771k) ($813k) ($779k) ($788k) ($576k) ($57k) $0
Accounts receivable ($15.4m) ($8.0m) $7.6m $2.5m ($10.5m) ($5.6m) ($22.4m) ($49.6m) ($2.7m) ($17.5m)
Inventory ($38.0m) $6.7m $16.3m ($435k) ($10.9m) ($27.7m) $3.2m ($93.9m) $4.9m $7.3m
Prepaid expenses and other assets ($635k) ($11.2m) ($8.5m) ($6.5m) ($9.7m) ($10.6m) ($24.6m) ($55.2m) ($75.9m) ($67.4m)
Accounts payable and accrued expenses $43.1m ($25.5m) ($10.3m) $6.0m $17.5m $1.5m $43.0m $81.2m ($23.4m) $75.3m
Other liabilities $1.4m ($230k) ($206k) ($11.5m) ($3.3m) ($4.4m) ($4.4m) ($6.3m) ($7.9m) ($54k)
Acquisition, net of cash acquired — $0 $0 ($25.9m) $0 $0 $0 ($275.0m) $0 ($581.7m)
Investment contributions — — — — — $0 $0 ($1.0m) ($577k) ($1.1m)
Proceeds from revolving line of credit $5.5m $25.9m $2.0m $0 $20.0m $26.5m $0 $89.5m $0 $50.0m
Repayment of revolving line of credit ($13.2m) ($25.9m) ($2.0m) $0 ($20.0m) ($26.5m) $0 $0 ($89.5m) ($50.0m)
Property and equipment purchases included in accounts payable and accrued expenses $491k $1.1m $1.8m $1.1m $359k $390k $335k $1.6m $2.6m $423k
Derivative, Gain (Loss) on Derivative, Net — — $0 — — — — — — —
Net Cash Provided by (Used in) Operating Activities $2.1m $12.4m $55.6m $44.3m $29.5m $19.5m $101.9m $71.2m $133.8m $212.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $9.2m $7.5m $8.9m $9.4m $6.5m $4.8m $1.7m $8.7m $18.5m $22.4m
Payments to Acquire Businesses, Net of Cash Acquired — — — $25.9m $0 $0 — $275.0m $0 $581.7m
Payments to Acquire Investments — $2.9m $0 $0 — — — $1.0m — —
Net Investment Purchase And Sale — — — — — — $0 ($1.0m) ($577k) ($1.1m)
Purchase Of Investment — — — — — — $0 ($1.0m) ($577k) ($1.1m)
Payments for (Proceeds from) Other Investing Activities — $0 $0 — — — — — — —
Net Cash Provided by (Used in) Investing Activities ($9.1m) ($10.4m) ($8.9m) ($35.3m) ($6.5m) ($4.8m) ($1.7m) ($284.7m) ($19.1m) ($605.2m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $172.7m $0 $0 $0 $0 $25.6m $0 $115.0m $256.7m $600.0m
Issuance Of Debt — — — — — — $0 $204.5m $256.7m $650.0m
Long Term Debt Issuance — — — — — — $0 $204.5m $256.7m $650.0m
Net Issuance Payments Of Debt — — — — — — ($30.0m) $196.6m ($6.2m) $585.0m
Net Long Term Debt Issuance — — — — — — ($30.0m) $196.6m ($6.2m) $585.0m
Net Short Term Debt Issuance — — — — — $0 $0 $89.5m — —
Short Term Debt Issuance — — — — — $26.5m $0 $89.5m — —
Proceeds from long-term debt $172.7m $0 $0 $0 $0 $25.6m $0 $115.0m $256.7m $600.0m
Debt issuance costs paid ($704k) ($519k) $0 $0 ($334k) ($1.1m) $0 ($665k) ($2.1m) ($6.9m)
Repayments of Long-term Debt $151.5m $8.2m $8.2m $9.5m $11.8m $54.5m $30.0m $7.9m $173.4m $15.0m
Long Term Debt Payments — — — — — — ($30.0m) ($7.9m) ($262.9m) ($65.0m)
Repayment Of Debt — — — — — — ($30.0m) ($7.9m) ($262.9m) ($65.0m)
Short Term Debt Payments — — — — — ($26.5m) $0 $0 — —
Repayment of long-term debt ($151.5m) ($8.2m) ($8.2m) ($9.5m) ($11.8m) ($54.5m) ($30.0m) ($7.9m) ($173.4m) ($15.0m)
Proceeds from Issuance of Common Stock $64.1m $2.0m $3.2m $1.5m $1.5m $1.7m $8.1m $5.6m $953k $5.8m
Common Stock Issuance — — — — — — $8.1m $5.6m $953k $5.8m
Net Common Stock Issuance — — — — — — $8.1m $5.6m ($66.1m) ($44.2m)
Cash received from issuance of common stock $64.1m $2.0m $3.2m $1.5m $1.5m $1.7m $8.1m $5.6m $953k $5.8m
Issuance of common stock as consideration for acquisition — — — — — $0 $0 $57.8m $0 $300.3m
Payments for Repurchase of Common Stock — $0 $0 $7.9m $0 $0 $0 $0 $67.1m $50.0m
Common Stock Payments — — — — — — $0 $0 ($67.1m) ($50.0m)
Repurchase of common stock — $0 $0 ($7.9m) $0 $0 $0 $0 ($67.1m) ($50.0m)
Proceeds from (Payments for) Other Financing Activities ($657k) ($404k) ($490k) ($771k) ($813k) ($779k) ($788k) ($576k) ($57k) $0
Net Other Financing Charges — — — — — — ($788k) ($1.2m) ($2.1m) ($6.9m)
Net Cash Provided by (Used in) Financing Activities $8.3m ($7.2m) ($5.6m) ($16.7m) ($11.4m) ($29.1m) ($22.7m) $200.9m ($74.4m) $533.9m
Effect Of Exchange Rate Changes — — — — — — $0 ($34k) $215k ($189k)
Effect of exchange rate changes on cash and cash equivalents — — — — — $0 $0 ($34k) $215k ($189k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($7.7m) $11.6m ($14.4m) $77.4m ($12.6m) $40.5m $141.0m
Net increase (decrease) in cash and cash equivalents $1.3m ($5.2m) $41.1m ($7.7m) $11.6m ($14.4m) $77.4m ($12.6m) $40.5m $141.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $46.2m $57.8m $43.4m $120.8m $108.2m $148.7m $289.7m
Cash and cash equivalents - beginning of period $14.0m $15.3m $10.1m $46.2m $57.8m $43.4m $120.8m $108.2m $148.7m $289.7m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $77.4m ($12.6m) $40.5m $141.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $12.2m $8.2m $7.1m $6.3m $3.0m $1.8m $3.5m $11.3m $15.7m $37.4m
Income Taxes Paid, Net $8.5m $5.7m $4.1m $5.6m $2.3m $7.6m $13.4m $12.4m $25.3m $21.4m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.