burt's bees annual report

210 West Pettigrew Street. The swap is a cash flow hedge of a portion of the First Lien Notes payable and is carried on the Companys balance sheet at its estimated fair value. Both volume and net sales increased, primarily driven by growth in Burt's Bees Natural Personal Care, mainly due to continued strength in lip care and face care largely driven by product innovation and distribution gains, and higher shipments of Brita water-filtration systems due to product innovation. You had to clip coupons, scour the web for deals, and wait around for annual sales to pick up new things or old favorites. year in quarterly installments in exchange for certain advisory and consulting services. Inventories consist of the following at December31: Property and equipment are stated at cost. In assessing the realizability of deferred tax assets, management considers whether it is more likely April30, 2007 and the 2005 amount was paid on April30, 2006, they have been classified as part of the current portion of long-term debt in the accompanying consolidated balance sheet. As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial Substantially all cash deposits were in excess of Federal Deposit Insurance Corporation insured limits during 2006. We champion people to be well and thrive every single day. Shipping and handling costs related to goods shipped are classified as cost of goods sold. 2003, the Company issued warrants to purchase 308 shares of ClassA common stock at an exercise price of $.001 per share in connection with the issuance of the Senior Subordinated Notes Payable (Note 5). for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. These financial statements are the Leasehold improvements are amortized using the straight-line basis over the shorter of the lease Investor Contact (510) 271-7767. investorrelations@clorox.com. statutory rate due primarily to certain eligible tax deductions taken by the Company, adjustments of prior accruals in the current period, and non-deductible items and state income taxes, net of the related federal benefit. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. exhibits furnished to the SEC, which is posted at. Under FIN 48, the financial statements will reflect expected future tax consequences of such positions presuming the taxing authorities full knowledge of the position and all relevant facts, but without considering time values. common stock, thus resulting in a change of control. BURT'S BEES SKIN CARE: Use Burt's Bees naturally moisturizing face cream as part of your daily Burt's Bees sensitive 5 product face care regimen for a healthier looking complexion . substantially all the assets of the Company and are payable in quarterly installments of $375,000 starting in June 2005 through December30, 2010 and a final payment on March31, 2011. Policies (continued). Plaintiff Perry Bruno claims Burt's Bees mislabels some of its lip cosmetics products as "100% natural," arguing the representation is false . This button displays the currently selected search type. and such amounts recognized for income tax purposes. Burts Bees Lip Shimmer keeps your lips hydrated with slightly more than a hint of color. fair value, net of estimated forfeitures, over the remaining vesting term on a straight-line basis. $170 million (est.) adopting FIN 48 on its consolidated financial statements. LIP CARE: Add a hint of sheer, pretty red color with Burts Bees Red Dahlia tinted lip balm for a natural, everyday look, MOISTURIZER: Hydrate and sooth dry lips with naturally moisturizing Shea butter and botanical waxes, LONG LASTING: Just one swipe of this conditioning lip balm leaves your lips smooth and nourished for up to 8 hours, ALL NATURAL: Enriched with 100% natural ingredients, this Burts Bees lip balm is formulated without parabens, phthalates, petrolatum or SLS, TINTED LIP BALM: Let this fabulously flattering shade enhance your natural lip and add a smooch of color, LIP CARE: Renew your lips with Burts Bees Moisturizing Lip Balm in six naturally nourishing flavors: Original Beeswax, Coconut &, Pear, Vanilla Bean, Mango and Wild Cherry, MOISTURIZER: Hydrate and sooth dry lips with Beeswax and powerful fruit extracts packed into every tube of Burts Bees lip balm, LIP BALM 6 PACK: Whether youre looking for the refreshing tingle of Original Beeswax or a pop of fruity flavor, Burts Bees knows how to naturally beautify and revitalize your lips. UNSCENTED LOTION: This fragrance free belly butter gently and safely moisturizes as your belly and skin stretch during pregnancy. Star rating: 4.8/5 Potential allergens: Glycerin Active ingredients: Cotton extract. 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. Uploaded by Joshua Gillaspie. If you have difficulty accessing any content, feature or functionality BURTS BEES GIFT SET: This gift set includes 5 favorite Burts Bees skin care products that come in a giftable box perfect for stocking stuffers during the holidays to nourish skin during the harsh winter months. Focused on delivering long-term investor returns through a committment to ESG. The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as 31 December 2018. But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . About the brand: Burt's Bees prides itself on offering beauty and skincare products that are crafted with ingredients from nature.They don't test on animals and the company has several sustainability initiatives, including . The following methods and ALL NATURAL: Enriched with 100% natural ingredients, this natural lip balm is formulated without parabens, phthalates, petrolatum or SLS, LIP BALM 4 PACK: Naturally beautify and revitalize your lips with the refreshing peppermint tingle of Original Beeswax Lip Balm. Burt's Buzz pays tribute to Shavitz, the man behind Burt's Bees. COMMUNITY OUR GOAL: Register 10,000 honeybee forage sites and 10,000 acres through partnerships of The Burt's Bees Greater Good Foundation by 2020. value of the assets acquired and liabilities assumed with the excess recorded as goodwill, in accordance with the purchase accounting methodology set forth in Statement of Financial Accounting Standards No. Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. Amortization for the year ended December31, 2005 totaled $72,000. Recycle your Burt's Bees products with Terracycle. escalation clauses and renewal options as outlined in the agreements. As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. Burt's Bees peak revenue was $270.0M in 2021. As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently. (see exact revenue data). SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. What We Make How We Operate The Company incurred debt issuance costs of $769,000 in connection with this issuance. Additionally, there was $3,189,000 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. Effective November7, 2003, the Company Robert F. Bukaty / AP. Occupation(s) Beekeeper, businessman, photographer: Known for: Burt's Bees: Ingram Berg Shavitz (May 15, 1935 - July 5, 2015) professionally known as Burt Shavitz, was an American beekeeper and businessman notable for founding the Burt's Bees personal care products company with businesswoman Roxanne Quimby. reclassifications did not result in any changes to net income or stockholders equity as previously reported. and 2005 will begin to expire in 2007 if not used. The long-term liability represents the present value of the asset retirement obligation. Pursuant to the terms of the The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. It's bad for your eyes, according to a Michigan Medicine expert. generally accepted accounting principles. In the 1970s, Roxanne Quimby was trying to live a simpler life - one that rejected the pursuit of material comforts. Under the terms of this management agreement, the Company will pay this entity $750,000 per See full report. It was interesting to notice how Roxanne . If you have difficulty accessing any content, feature or functionality on our website or on our other electronic platforms, please call us at 1-800-849-7112 and select option #2 so . The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. The Company deposits its cash and cash equivalents in domestic Company issued ClassA common stock warrants in connection with its senior subordinated notes payable. Over the years, Burt's Bees has become a global natural, conscious skincare brand. that our audits provide a reasonable basis for our opinion. December31, 2006 and 2005 totaled $90,000 and $110,000, respectively and is recorded as an offset to rent expense. Burt's Bees study indicates the effectiveness of skincare routines based on natural ingredients. When expanded it provides a list of search options that will switch the search inputs to match . But not this time, as Burt's Bees actually saw sales decrease by double digits with the business "impacted by . year ended December31, 2006, foreign currency losses amounted to $37,000. The Clorox Company doesn't provide the information on its shareholders. SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long. The cost of the transaction attributable to the new ownership has been pushed down to the financial statements of the Company and allocated to the fair Note: Burt's Bees performance asked of all consumers who indicated they have purchased at least one Burt's Bees product; for all other competitors, each . inventory cost. A federal judge in California has ruled against Burt's Bees' request for the dismissal of a class action lawsuit accusing it of misleadingly labeling some of its products as "100% natural.". $217,000 and $206,000 as of December31, 2006 and 2005, respectively. assets of the Company, which was unused in 2006. Comprehensive income encompasses all changes in stockholders equity (except those arising from transactions with stockholders) Foreign currency transactions are accounted for in 48 Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. become deductible. accordance with the terms of the Stockholders Agreement, the Company redeemed an aggregate of 9,778 shares of ClassA common stock from the Stockholders and the Buyer purchased a majority of the Stockholders remaining ClassA The profit ratio measures the amount of profit generated by each single currency unit of sales. Report of Independent Auditors . This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. Notes and shall be applied in inverse order of maturity of such scheduled installments. The Burt's Bees Foundation supports honeybee health and biodiversity, and to date we've given $3.5 million in grants. The accumulated other comprehensive loss balance consists entirely of foreign As of December31, 2005, the Company had reserved 1,781 authorized shares of ClassA common stock for future issuance for outstanding common stock options. on the First Lien Notes. As discussed in Note 8, the Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. Effective November7, 2003, the Company issued $25,000,000 in senior We are CarbonNeutral certified. component of cost of goods sold. The Company The trend first began back in the 2010s, but has seen a resurgence in 2023. For years, Burt's Bees has been a bright spot on the firm's earnings reports. Burt's Bees's revenue is $270.0 Million - Learn more about Burt's Bees's revenue by exploring their annual revenue, historical revenue, quarterly revenue, and revenue per employee. Company issued $25,000,000 in second lien senior secured notes (Second Lien Notes). Intangible assets resulted from a business substantially all the assets of the Company. The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. Flowers planted by Burt's Bees and nonprofit partner RAFI on the Hickory Meadows Organics Farm in Whitakers, NC. A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. In 2005, the Company amended one to be outstanding. Burt's Bees lip balm targeted over 'all natural' label, The Clorox Company Signs 47-Megawatt Virtual Power Purchase Agreement, The Clorox Company today announced the launch of a new initiative to advance environmental justice. Inventories are stated at the lower of cost or market. December31, 2006 and 2005, related to this management agreement. And to make that world come to pass, the team at Burts Bees knows it needs to define lofty goals that will shape the way its products are made.

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