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.

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)

The analysis of the quarterly financial data reveals several notable trends across key asset categories over the periods presented.

Cash and Cash Equivalents: Cash balances demonstrate a fluctuating yet generally increasing trend from mid-2019 through mid-2023, with some volatility in certain quarters. Notably, there is a sharp increase starting in early 2023, peaking in mid-2023 at over US$142 million from around US$60 million in 2019. However, a significant decline occurs towards late 2023 before a partial recovery in mid-2024.
Accounts Receivable, Net: The accounts receivable amounts generally increase across the timeline, reflecting higher credit sales or longer collection periods. Beginning at approximately US$22.6 million in mid-2019, the figures rise consistently, reaching over US$123 million by mid-2024. This suggests accelerated business activity or possible extension of credit terms.
Inventory, Net: Inventory levels exhibit a gradual upward trend with some fluctuations. Starting near US$51 million in mid-2019, inventory grows substantially to peak over US$204 million by late 2023, with a slight dip and partial recovery thereafter. Such increase likely reflects expansion in product stock or preparation for anticipated sales growth.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets have also increased markedly over the period, from about US$6.8 million in mid-2019 to above US$66 million by mid-2024. This indicates an increasing investment in future expenses and other short-term assets, possibly in support of growing operational scale.
Current Assets: Current assets display consistent growth from roughly US$141 million in mid-2019 to exceed US$530 million by mid-2024. The rise is driven largely by increases in cash, receivables, inventory, and prepaid items, reaffirming an overall scaling of short-term asset holdings.
Property and Equipment, Net: Property and equipment show a declining trend over the periods, moving from nearly US$16.5 million in mid-2019 down to approximately US$14 million by mid-2024. The gradual decrease suggests disposals, depreciation outpacing acquisitions, or possible asset impairments.
Intangible Assets, Net: Intangible assets steadily decline from about US$95.3 million in mid-2019 to around US$220.7 million by mid-2024, although the numbers appear inconsistent given a spike in late 2023. This spike to over US$230 million may be due to an acquisition or revaluation event. Aside from this, the general trend points to amortization exceeding additions.
Goodwill: Goodwill remains stable at approximately US$157 million from 2019 through 2022, then nearly doubles to over US$340 million by late 2023, maintaining at that level through mid-2024. This sudden rise likely corresponds with a significant acquisition or merger, reflecting added business value.
Other Assets: Other assets experience moderate growth with some fluctuations, reaching close to US$99 million by mid-2024 from roughly US$25.7 million in mid-2019. This typically includes various non-current assets contributing to the total asset base.
Noncurrent Assets: The total noncurrent assets remain relatively stable around the US$290-320 million range from 2019 to early 2023, followed by a substantial increase to over US$670 million by mid-2024. This increase aligns with the growth observed in goodwill and intangible assets, indicating substantial investment or acquisition activity in noncurrent asset categories.
Total Assets: Total assets show a gradual increase from approximately US$436 million in mid-2019 to a significant rise above US$1.2 billion by mid-2024. The bulk of this growth is attributable to increases in current assets, particularly accounts receivable and inventory, alongside large increments in goodwill and intangible assets. This suggests considerable expansion in both operating scale and business acquisitions or valuations over the analyzed period.

Assets: Selected Items

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Current Assets: Selected Items

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

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data