Beauty Health Co
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
SKIN$15.94-4.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(679) | $(20,259) |
| Adjustments to reconcile net loss to net cash from operating activities | ||
| Share-based compensation | 6,636 | 3,577 |
| Amortization of intangible assets | 4,985 | 3,874 |
| Depreciation of property and equipment | 2,773 | 1,834 |
| Amortization of other assets | 890 | 548 |
| Amortization of debt issuance costs | 951 | 1,058 |
| Inventory write-down | 5,479 | 3,337 |
| Provision for estimated credit losses | 656 | 1,093 |
| Change in fair value of warrant liabilities | 1,464 | 9,076 |
| Gain on repurchase of convertible senior notes, net | (16,087) | — |
| Deferred income taxes | (1,030) | (279) |
| Other, net | 3,108 | (515) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 5,879 | 4,793 |
| Inventories | (11,081) | (13,905) |
| Prepaid expenses, other current assets, and income tax receivable | 1,936 | (1,325) |
| Accounts payable, accrued expenses, and income tax payable | (20,786) | (3,829) |
| Other, net | (1,948) | (2,088) |
| Net cash used for operating activities | (16,854) | (13,010) |
| Cash flows from investing activities: | ||
| Cash paid for intangible assets | (1,458) | (2,450) |
| Cash paid for property and equipment | (344) | (2,319) |
| Cash paid for asset acquisitions | — | (16,915) |
| Net cash used for investing activities | (1,802) | (21,684) |
| Cash flows from financing activities: | ||
| Repurchase of convertible senior notes | (57,750) | — |
| Payment of tax withholdings on vested stock awards | (868) | (2,195) |
| Net cash used for financing activities | (58,618) | (2,195) |
| Net change in cash, cash equivalents, and restricted cash | (77,274) | (36,889) |
| Effect of foreign currency translation on cash | (1,117) | 974 |
| Cash, cash equivalents, and restricted cash beginning of period | 523,025 | 568,197 |
| Cash, cash equivalents, and restricted cash end of period | $444,634 | $532,282 |
The accompanying notes are an integral part of these unaudited financial statements
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