e.l.f. Beauty, Inc.
For the period ended Mar 31, 2025. Filed May 29, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed May 29, 2025
ELF$118.51-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated statements of cash flows
(in thousands)
| Fiscal year ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $112,089 | $127,663 | $61,530 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 44,115 | 30,167 | 17,596 |
| Non-cash lease expense | 9,740 | 5,746 | 4,568 |
| Stock based compensation expense | 71,786 | 40,625 | 29,117 |
| Amortization of debt issuance costs and discount on debt | 545 | 430 | 346 |
| Deferred income taxes | 446 | (3,276) | (6,401) |
| Impairment of equity investment | — | 2,875 | — |
| Acquisition-related seller expenses | — | (10,549) | — |
| Loss on extinguishment of debt | 13 | — | 176 |
| Other, net | 136 | 1,227 | 179 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,742) | (49,598) | (22,432) |
| Inventory | 4,874 | (93,930) | 3,174 |
| Prepaid expenses and other assets | (75,854) | (55,182) | (24,553) |
| Accounts payable and accrued expenses | (23,397) | 81,215 | 42,995 |
| Other liabilities | (7,911) | (6,259) | (4,412) |
| Net cash provided by operating activities | 133,840 | 71,154 | 101,883 |
| Cash flows from investing activities: | |||
| Acquisition, net of cash acquired | — | (274,973) | — |
| Purchase of property and equipment | (18,520) | (8,659) | (1,723) |
| Investment contributions | (577) | (1,028) | — |
| Net cash used in investing activities | (19,097) | (284,660) | (1,723) |
| Cash flows from financing activities: | |||
| Proceeds from revolving line of credit | — | 89,500 | — |
| Repayment of revolving line of credit | (89,500) | — | — |
| Proceeds from long-term debt | 256,676 | 115,000 | — |
| Repayment of long-term debt | (173,376) | (7,875) | (30,000) |
| Debt issuance costs paid | (2,083) | (665) | — |
| Repurchase of common stock | (67,062) | — | — |
| Cash received from issuance of common stock | 953 | 5,561 | 8,053 |
| Other, net | (57) | (576) | (788) |
| Net cash (used in) provided by financing activities | (74,449) | 200,945 | (22,735) |
| Effect of exchange rate changes on cash and cash equivalents | 215 | (34) | — |
| Net increase (decrease) in cash and cash equivalents | 40,509 | (12,595) | 77,425 |
| Cash and cash equivalents - beginning of period | 108,183 | 120,778 | 43,353 |
| Cash and cash equivalents - end of period | $148,692 | $108,183 | $120,778 |
| Fiscal year ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $15,660 | $11,265 | $3,546 |
| Cash paid for income taxes, net of refunds | 25,331 | 12,396 | 13,369 |
| Cash paid for interest on finance leases | — | 6 | 32 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Issuance of common stock as consideration for acquisition | $— | $57,772 | $— |
| Property and equipment purchases included in accounts payable and accrued expenses | 2,628 | 1,632 | 335 |
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