Name: e.l.f. Beauty, Inc. (NYSE:ELF) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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e.l.f. Beauty, Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Cash and cash equivalents	109,034)	108,183)	72,705)	167,763)	142,549)	120,778)	87,021)	85,317)	72,248)	43,353)	32,889)	41,694)	63,402)	57,768)	35,439)	41,041)	54,224)	46,167)	74,740)	58,747)	60,746)
Accounts receivable, net	155,701)	123,797)	121,061)	86,683)	90,531)	67,928)	66,237)	53,912)	52,281)	45,567)	47,180)	44,374)	43,127)	40,185)	44,555)	33,844)	29,825)	29,721)	35,082)	27,715)	22,623)
Inventory, net	199,563)	191,489)	204,504)	147,228)	98,053)	81,323)	81,250)	81,288)	70,339)	84,498)	85,248)	76,816)	54,528)	56,810)	68,567)	64,486)	52,752)	46,209)	48,382)	50,850)	51,020)
Prepaid expenses and other current assets	66,162)	53,608)	56,630)	33,772)	39,276)	33,296)	28,382)	26,881)	21,772)	19,611)	19,808)	18,420)	21,674)	15,381)	11,728)	12,389)	8,714)	10,263)	8,054)	7,813)	6,795)
Current assets	530,460)	477,077)	454,900)	435,446)	370,409)	303,325)	262,890)	247,398)	216,640)	193,029)	185,125)	181,304)	182,731)	170,144)	160,289)	151,760)	145,515)	132,360)	166,258)	145,125)	141,184)
Property and equipment, net	14,040)	13,974)	12,805)	7,624)	7,581)	7,874)	8,726)	8,934)	9,339)	10,577)	12,231)	13,945)	15,561)	13,770)	16,790)	16,270)	16,146)	17,171)	16,487)	16,059)	16,493)
Intangible assets, net	220,745)	225,094)	230,658)	73,986)	76,013)	78,041)	80,071)	82,101)	84,132)	86,163)	88,194)	90,225)	92,256)	94,286)	96,317)	98,348)	100,379)	102,410)	91,893)	93,613)	95,333)
Goodwill	340,600)	340,600)	340,165)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,620)	171,321)	171,321)	157,264)	157,264)	157,264)
Other assets	98,987)	72,502)	69,756)	58,260)	32,258)	34,741)	32,618)	32,088)	32,126)	33,243)	33,780)	35,918)	36,224)	37,573)	35,889)	35,426)	28,707)	29,842)	24,349)	24,966)	25,707)
Noncurrent assets	674,372)	652,170)	653,384)	311,490)	287,472)	292,276)	293,035)	294,743)	297,217)	301,603)	305,825)	311,708)	315,661)	317,249)	320,616)	321,664)	316,553)	320,744)	289,993)	291,902)	294,797)
Total assets	1,204,832)	1,129,247)	1,108,284)	746,936)	657,881)	595,601)	555,925)	542,141)	513,857)	494,632)	490,950)	493,012)	498,392)	487,393)	480,905)	473,424)	462,068)	453,104)	456,251)	437,027)	435,981)

Total assets have exhibited substantial growth over the analyzed period, increasing from 435.98 million USD in June 2019 to 1.20 billion USD by June 2024. The growth trajectory remained relatively stable until late 2023, at which point a significant expansion in the asset base occurred, primarily driven by a sharp increase in both current and noncurrent assets.

Current Asset Dynamics: Current assets rose from 141.18 million USD in June 2019 to 530.46 million USD in June 2024. This expansion is characterized by a marked increase in inventory and accounts receivable. Inventory, in particular, showed an aggressive upward trend, escalating from 51.02 million USD in 2019 to nearly 200 million USD by June 2024, with a notable surge between March 2023 and December 2023. Accounts receivable followed a similar growth pattern, rising from 22.62 million USD to 155.70 million USD, suggesting a significant increase in sales volume and credit extensions to customers.
Liquidity and Cash Position: Cash and cash equivalents demonstrated volatility throughout the period. While the balance generally grew, peaking at 167.76 million USD in September 2023, it experienced a sharp contraction to 72.71 million USD in December 2023 before recovering to 109.03 million USD by June 2024. This fluctuation indicates periods of significant capital deployment followed by replenishment through operational cash flow.
Noncurrent Asset Evolution and Strategic Acquisition: Noncurrent assets remained relatively stagnant for several years before experiencing a massive increase in December 2023, jumping from 311.49 million USD in September 2023 to 653.38 million USD. This spike is directly attributed to a surge in intangible assets, which rose from 73.99 million USD to 230.66 million USD, and goodwill, which nearly doubled from 171.62 million USD to 340.17 million USD. These patterns are indicative of a major strategic acquisition during the fourth quarter of 2023.
Fixed Asset Profile: Property and equipment, net, maintained a lean profile, generally trending downward from 16.49 million USD in June 2019 to 14.04 million USD in June 2024. This suggests an asset-light operational strategy, where the company relies more on leased assets or third-party logistics than on heavy investment in owned physical infrastructure.

The overall balance sheet structure has transitioned from one dominated by goodwill and intangibles to one heavily weighted toward working capital and acquired intellectual property. The simultaneous increase in inventory and receivables, coupled with the recent acquisition, points to a period of aggressive scaling and market expansion.

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e.l.f. Beauty, Inc. (NYSE:ELF)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data