Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

e.l.f. Beauty, Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	127,663)	61,530)	21,770)	6,232)	17,884)
Depreciation and amortization	35,913)	22,164)	27,083)	25,179)	22,843)
Restructuring expense (income)	—)	—)	50)	2,641)	(5,982)
Stock based compensation expense	40,625)	29,117)	19,646)	19,682)	15,488)
Amortization of debt issuance costs and discount on debt	430)	346)	394)	847)	747)
Deferred income taxes	(3,276)	(6,401)	(3,701)	(8,584)	2,443)
Impairment of equity investment	2,875)	—)	—)	—)	—)
Acquisition-related seller expenses	(10,549)	—)	—)	—)	—)
Loss on extinguishment of debt	—)	176)	460)	—)	—)
Other, net	1,227)	179)	496)	383)	873)
Accounts receivable	(49,598)	(22,432)	(5,597)	(10,529)	2,504)
Inventory	(93,930)	3,174)	(27,655)	(10,937)	(435)
Prepaid expenses and other assets	(55,182)	(24,553)	(10,555)	(9,659)	(6,500)
Accounts payable and accrued expenses	81,215)	42,995)	1,498)	17,472)	5,962)
Other liabilities	(6,259)	(4,412)	(4,376)	(3,252)	(11,514)
Changes in operating assets and liabilities	(123,754)	(5,228)	(46,685)	(16,905)	(9,983)
Adjustments to reconcile net income to net cash provided by operating activities	(56,509)	40,353)	(2,257)	23,243)	26,429)
Net cash provided by operating activities	71,154)	101,883)	19,513)	29,475)	44,313)
Acquisition, net of cash acquired	(274,973)	—)	—)	—)	(25,923)
Purchase of property and equipment	(8,659)	(1,723)	(4,818)	(6,474)	(9,422)
Investment contributions	(1,028)	—)	—)	—)	—)
Net cash used in investing activities	(284,660)	(1,723)	(4,818)	(6,474)	(35,345)
Proceeds from revolving line of credit	89,500)	—)	26,480)	20,000)	—)
Repayment of revolving line of credit	—)	—)	(26,480)	(20,000)	—)
Proceeds from long-term debt	115,000)	—)	25,581)	—)	—)
Repayment of long-term debt	(7,875)	(30,000)	(54,525)	(11,756)	(9,488)
Debt issuance costs paid	(665)	—)	(1,064)	(334)	—)
Repurchase of common stock	—)	—)	—)	—)	(7,904)
Cash received from issuance of common stock	5,561)	8,053)	1,677)	1,503)	1,488)
Other, net	(576)	(788)	(779)	(813)	(771)
Net cash provided by (used in) financing activities	200,945)	(22,735)	(29,110)	(11,400)	(16,675)
Effect of exchange rate changes on cash and cash equivalents	(34)	—)	—)	—)	—)
Net increase (decrease) in cash and cash equivalents	(12,595)	77,425)	(14,415)	11,601)	(7,707)
Cash and cash equivalents, beginning of period	120,778)	43,353)	57,768)	46,167)	53,874)
Cash and cash equivalents, end of period	108,183)	120,778)	43,353)	57,768)	46,167)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	e.l.f. Beauty, Inc. net cash provided by operating activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	e.l.f. Beauty, Inc. net cash used in investing activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	e.l.f. Beauty, Inc. net cash provided by (used in) financing activities increased from 2022 to 2023 and from 2023 to 2024.

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

Cash Flow Statement