Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

e.l.f. Beauty, Inc., consolidated income statement

US$ in thousands

12 months ended:	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net sales	1,023,932)	578,844)	392,155)	318,110)	282,851)
Cost of sales	(299,836)	(188,448)	(140,423)	(111,912)	(101,728)
Gross profit	724,096)	390,396)	251,732)	206,198)	181,123)
Selling, general and administrative expenses	(574,418)	(322,253)	(221,912)	(194,157)	(157,155)
Restructuring (expense) income	—)	—)	(50)	(2,641)	5,982)
Operating income	149,678)	68,143)	29,770)	9,400)	29,950)
Other income (expense), net	1,210)	(1,875)	(1,438)	(1,620)	426)
Impairment of equity investment	(2,875)	—)	—)	—)	—)
Interest on term loan debt	(8,294)	(3,450)	(1,708)	(2,912)	(6,095)
Amortization of debt issuance costs	(430)	(346)	(331)	(847)	(747)
Interest on revolving line of credit	(3,106)	(163)	(342)	(199)	(149)
Interest on finance leases	(10)	(31)	(63)	(137)	(179)
Interest expense	(11,840)	(3,990)	(2,444)	(4,095)	(7,170)
Interest income	4,817)	1,972)	3)	5)	863)
Interest expense, net	(7,023)	(2,018)	(2,441)	(4,090)	(6,307)
Loss on extinguishment of debt	—)	(176)	(460)	—)	—)
Income before provision for income taxes	140,990)	64,074)	25,431)	3,690)	24,069)
Income tax (provision) benefit	(13,327)	(2,544)	(3,661)	2,542)	(6,185)
Net income	127,663)	61,530)	21,770)	6,232)	17,884)

Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	e.l.f. Beauty, Inc. net sales increased from 2022 to 2023 and from 2023 to 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	e.l.f. Beauty, Inc. operating income increased from 2022 to 2023 and from 2023 to 2024.
Income before provision for income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	e.l.f. Beauty, Inc. income before provision for income taxes increased from 2022 to 2023 and from 2023 to 2024.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	e.l.f. Beauty, Inc. net income increased from 2022 to 2023 and from 2023 to 2024.

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

Income Statement