e.l.f. Beauty, Inc.
For the period ended Mar 31, 2026. Filed May 21, 2026.
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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.
FY2026 · Filed May 21, 2026
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, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Cash flows from operating activities: | |||
| Net income | $26,318 | $112,089 | $127,663 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 79,361 | 44,115 | 30,167 |
| Non-cash lease expense | 10,948 | 9,740 | 5,746 |
| Stock-based compensation expense | 86,919 | 71,786 | 40,625 |
| Amortization of debt issuance costs and discount on debt | 1,433 | 545 | 430 |
| Deferred income taxes | (3,524) | 446 | (3,276) |
| Impairment of equity investment | — | — | 2,875 |
| Acquisition-related seller expenses | (47,100) | — | (10,549) |
| Loss on extinguishment of debt | 674 | 13 | — |
| Change in fair value of contingent consideration | 57,649 | — | — |
| Other, net | 2,175 | 136 | 1,227 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (17,505) | (2,742) | (49,598) |
| Inventory | 7,327 | 4,874 | (93,930) |
| Prepaid expenses and other assets | (67,401) | (75,854) | (55,182) |
| Accounts payable and accrued expenses | 75,291 | (23,397) | 81,215 |
| Other liabilities | (54) | (7,911) | (6,259) |
| Net cash provided by operating activities | 212,511 | 133,840 | 71,154 |
| Cash flows from investing activities: | |||
| Acquisition, net of cash acquired | (581,682) | — | (274,973) |
| Purchase of property and equipment | (22,449) | (18,520) | (8,659) |
| Investment contributions | (1,117) | (577) | (1,028) |
| Net cash used in investing activities | (605,248) | (19,097) | (284,660) |
| Cash flows from financing activities: | |||
| Proceeds from revolving line of credit | 50,000 | — | 89,500 |
| Repayment of revolving line of credit | (50,000) | (89,500) | — |
| Proceeds from long-term debt | 600,000 | 256,676 | 115,000 |
| Repayment of long-term debt | (15,000) | (173,376) | (7,875) |
| Debt issuance costs paid | (6,891) | (2,083) | (665) |
| Repurchase of common stock | (49,987) | (67,062) | — |
| Cash received from issuance of common stock | 5,797 | 953 | 5,561 |
| Other, net | — | (57) | (576) |
| Net cash provided by (used in) financing activities | 533,919 | (74,449) | 200,945 |
| Effect of exchange rate changes on cash and cash equivalents | (189) | 215 | (34) |
| Net increase (decrease) in cash and cash equivalents | 140,993 | 40,509 | (12,595) |
| Cash and cash equivalents - beginning of period | 148,692 | 108,183 | 120,778 |
| Cash and cash equivalents - end of period | $289,685 | $148,692 | $108,183 |
| Fiscal year ended March 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $37,404 | $15,660 | $11,265 |
| Cash paid for income taxes, net of refunds | 21,361 | 25,331 | 12,396 |
| Cash paid for interest on finance leases | — | — | 6 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Issuance of common stock as consideration for acquisition | $300,278 | $— | $57,772 |
| Property and equipment purchases included in accounts payable and accrued expenses | 423 | 2,628 | 1,632 |
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