e.l.f. Beauty, Inc., adjusted current assets

US$ in thousands

	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
As Reported
Current assets	477,077)	303,325)	193,029)	170,144)	132,360)
Adjustments
Add: Allowance for doubtful accounts	1,200)	100)	100)	200)	1,000)
After Adjustment
Adjusted current assets	478,277)	303,425)	193,129)	170,344)	133,360)

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e.l.f. Beauty, Inc., adjusted total assets

US$ in thousands

	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
As Reported
Total assets	1,129,247)	595,601)	494,632)	487,393)	453,104)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for doubtful accounts	1,200)	100)	100)	200)	1,000)
Less: Deferred tax assets²	1,821)	563)	—)	175)	15)
After Adjustment
Adjusted total assets	1,128,626)	595,138)	494,732)	487,418)	454,089)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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e.l.f. Beauty, Inc., adjusted total liabilities

US$ in thousands

	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
As Reported
Total liabilities	486,675)	184,584)	182,203)	217,747)	210,933)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	3,666)	3,742)	9,593)	13,479)	21,892)
After Adjustment
Adjusted total liabilities	483,009)	180,842)	172,610)	204,268)	189,041)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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e.l.f. Beauty, Inc., adjusted stockholders’ equity

US$ in thousands

	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
As Reported
Stockholders’ equity	642,572)	411,017)	312,429)	269,646)	242,171)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(1,845)	(3,179)	(9,593)	(13,304)	(21,877)
Add: Allowance for doubtful accounts	1,200)	100)	100)	200)	1,000)
After Adjustment
Adjusted stockholders’ equity	645,617)	414,296)	322,122)	283,150)	265,048)

¹ Net deferred tax assets (liabilities). See details »

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e.l.f. Beauty, Inc., adjusted capitalization table

US$ in thousands

	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
As Reported
Current portion of long-term debt and finance lease obligations	100,307)	5,575)	5,786)	16,281)	12,568)
Long-term debt and finance lease obligations	161,819)	60,881)	91,080)	110,255)	126,088)
Total reported debt	262,126)	66,456)	96,866)	126,536)	138,656)
Stockholders’ equity	642,572)	411,017)	312,429)	269,646)	242,171)
Total reported capital	904,698)	477,473)	409,295)	396,182)	380,827)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current portion of operating lease liabilities²	7,016)	4,510)	4,391)	4,292)	3,083)
Add: Long-term operating lease obligations³	21,459)	11,201)	15,744)	20,084)	11,239)
Adjusted total debt	290,601)	82,167)	117,001)	150,912)	152,978)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(1,845)	(3,179)	(9,593)	(13,304)	(21,877)
Add: Allowance for doubtful accounts	1,200)	100)	100)	200)	1,000)
Adjusted stockholders’ equity	645,617)	414,296)	322,122)	283,150)	265,048)
After Adjustment
Adjusted total capital	936,218)	496,463)	439,123)	434,062)	418,026)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease liabilities. See details »

³ Long-term operating lease obligations. See details »

⁴ Net deferred tax assets (liabilities). See details »

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e.l.f. Beauty, Inc., adjusted net income

US$ in thousands

12 months ended:	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
As Reported
Net income	127,663)	61,530)	21,770)	6,232)	17,884)
Adjustments
Add: Deferred income tax expense (benefit)¹	(3,276)	(6,401)	(3,701)	(8,584)	2,443)
Add: Increase (decrease) in allowance for doubtful accounts	1,100)	—)	(100)	(800)	700)
Add: Other comprehensive loss, net of tax	(50)	—)	—)	—)	—)
After Adjustment
Adjusted net income	125,437)	55,129)	17,969)	(3,152)	21,027)

¹ Deferred income tax expense (benefit). See details »

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

Adjustments to Financial Statements