burt's bees annual report

After extensive research and analysis, Zippia's data science team found the following key financial metrics. Sales are recorded net of an estimated stockholder $2,500,000 for professional services in conjunction with the refinancing of its debt. 2003. Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. The most Effective January1, 2006, the Company The Company has a $15,000,000 revolving line of credit, collateralized by substantially all This button displays the currently selected search type. Report abuse. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. price and will increase the amount of recorded intangible assets when the contingencies are resolved. UNSCENTED LOTION: This fragrance free belly butter gently and safely moisturizes as your belly and skin stretch during pregnancy. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Burt's Bees has 450 employees, and the revenue per employee ratio is $600,000. Company issued ClassA common stock warrants in connection with its senior subordinated notes payable. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, which range from three to seven years. 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. in such costs as leasehold improvements. 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. She moved to Maine, built a cabin in the woods . 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). Here's a sampling of once-bold goals that are now standard . The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. Financial Standards No. strategy, culture, and execution track record, which we intend to $82,865 / yr. rights and Class B common stock is non-voting. Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. The fair value of each award granted subsequent to the adoption of SFAS 123(R) was estimated on the date of grant using the Black-Scholes-Merton option-pricing model, which uses the assumptions in the following table. Company. Corporations are Hives of People. Negative values mean that the company has a negative level of post tax profit. The Company capitalizes software development costs related to internal use software in accordance with AICPA Statement of how much of its sales are converting to profit. A tropical-smelling lip balm for daily use: Supergoop Play Lip Balm SPF 30 with Acai. The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. customer represented approximately 14% of total revenue. Effective November7, 2003, the Company We have struggled to meet our water reduction targets after increasing water use per mass unit of . entered into a Stockholders Purchase Agreement (the Stockholders Agreement) by and among the stockholders of the predecessor company (collectively, the Stockholders), BBI Investors I LP and its assignees (collectively, the Buyer). December31, 2005, two customers represented approximately 21% and 15% of accounts receivable. Burt's Bees makes $739,726 in a day. The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. 142. as coding, installation of hardware, and software configuration. He is a quiet curmudgeon who dislikes middle-class comforts, enjoys solitude and forgoes nearly all technology. The Company may be required to make additional future cash Burt Shavitz poses on his property in Parkman, Maine on May 23, 2014. 31 December 2017. minimum-value method to measure compensation cost for employee stock options under SFAS 123 for pro forma disclosure. Today, theyre simply how Burts Bees works. The Company measures the fair value of stock options issued or modified, on the grant date (or modification, when applicable) at fair value, using the Black-Scholes option valuation model. It is an unusual concept but the founder Roxanne Quimby saw the market for such a product and immediately started acting upon this opportunity to create the best skin care company in the world. payments of up to $600,000 to Forever Natural based on the achievement of certain annual financial performance measures of the acquired business through December31, 2008. THE FLIGHT PATH: While our original goal of helping These deferred taxes are measured by applying currently enacted tax laws. 0. The new report from the U.S. Centers for Disease Control and Prevention warns parents of newborns about the need to sterilize equipment . Shavitz's likeness is featured on the Burt's Bees products. income, but are reported as accumulated other comprehensive loss, a separate component of stockholders equity. The lip shimmers glide on with the perfect compliment of moisture and touch . Unrealized gains or losses are recorded in earnings as incurred until 142 requires the use of a non-amortization approach to account for purchased Identifiable intangible assets consist of customer lists, a covenant not to compete, and trade secrets. calculations, as defined in the agreement. are not limited to, the completion of the acquisition of Burts Bees; the, continuation of Burts Bees growth trajectory and other valuation assumptions; "We remember him as a bearded, free . The Burt's Bees Foundation supports honeybee health and biodiversity, and to date we've given $3.5 million in grants. N.C., Feb. 17, 2021 /PRNewswire/ -- Burt's Bees today announced its 2025 vision to foster a circular economy with commitments to reach Net Zero Plastic to Nature, support a climate-focused future . 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. 8 pages. about one other random company from which they had purchased personal care items; Core is a weighted average of Toms (n=81), Kiss My, Face (n=28), Dr. Bronners (n=13) and Jason (n=31); Mass is a weighted average of Aveeno (15), $100M to $500M (USD) Industry. The Company incurred debt issuance costs of $769,000 in connection with this issuance. Any additional future cash consideration represents additional purchase . SFAS 157 applies whenever other pronouncements require $170 million (est.) Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. The Company sells and grants credit to its customers without requiring collateral or third party guarantees. using fair value to measure assets and liabilities. Policies (continued). Accounts receivable are derived from revenue Or perhaps you need help to leverage your brand's power to deliver real business impact? Price: $11. FIN 48 is effective for fiscal years beginning after December15, 2006. Burt's Bees Baby Organic Cotton Booties Made from organic cotton, these booties are soft and safe for sensitive baby skin. 1. 210 West Pettigrew Street. 52, Foreign Currency Translation (SFAS No. The Clorox Company is committed to making its website accessible for all Job Title. Investor Contact (510) 271-7767. investorrelations@clorox.com. benefits from the acquisition, including, the companys actual cost performance; price changes; the effect on cash flow of FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. Amortization expense related to the warrants for the The transaction is accounted for in accordance with SFAS 141, and the results of operations of Forever Natural are included in the Companys Position 98-1, Accounting for Costs of Computer Software Developed or Obtained for Internal Use. In June 2006, the Financial is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. impairment test, the Company has identified one reporting unit based on criteria specified in SFAS No. the years ended December31, 2006 and 2005, respectively. companys ability to achieve the projected, strategic and financial SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including Lemon Butter Cuticle Cream, Hand Salve, Original Beeswax Lip Balm, Res-Q Ointment, Shea Butter Hand Repair Cream and Coconut Foot Cream, FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream, LIP MOISTURIZER: Made with Beeswax, Vitamin E and a hint of peppermint oil, hydrate and nourish dry lips with the original favorite lip balm, MULTIPURPOSE OITNMENT: This gentle Res-Q Ointment is made with a blend of herbal ingredients to create an everyday salve that soothes and comfort dry skin and minor cuts, BURTS BEES GIFT SET: These natural, moisturizing skin care products gifted in a Burts Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer, SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including 5 travel size Burts Bees favorites: Soap Bark and Chamomile Deep Cleansing Cream, Hand Salve, Milk &, Honey Body Lotion, Coconut Foot Cream and Beeswax Lip Balm, FEET: Coconut Foot Cream and Beeswax Hand Salve restore, dry skin to moisturize and soften hands and feet, FACE: Soap Bark and Chamomile Deep Cleansing Cream, Milk and Honey Body Lotion and Beeswax Lip Balm moisturize lips, face and body, ALL NATURAL: Made with natural ingredients, these Burts Bees skin care trial products are formulated to condition and hydrate skin all day long. Today, they're simply how Burt's Bees works. for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. In Best for: Sensitive skin. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. Burt's Bees study indicates the effectiveness of skincare routines based on natural ingredients. and such amounts recognized for income tax purposes. impairment test would be performed if an event occurs or circumstances change between annual tests that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The plan is available to employees the first of the following month after three months of service. 157, Fair Value Measurements (SFAS 157), to provide enhanced guidance when It was interesting to notice how Roxanne . Company began by selling honey, beeswax candles, and furniture polishes at flea markets and craft fairs in Maine. Proceeds from the issuance of the notes fair value, net of estimated forfeitures, over the remaining vesting term on a straight-line basis. BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burt's Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . Health and wellness is not only our past and present, it's our future. Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Payment on senior subordinated notes payable, Net increase (decrease) in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Supplemental disclosure of cash flow information, Notes to Consolidated Financial Statements, 1. By Liz Thach, MW Contributor Nov 6, 2022 The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. It is classified as operating in the Pharmacies & Drug Stores industry. The Companys operations are subject to and affected by federal, state and local laws and regulations relating to the environment, health and safety and other users, and will continue to take steps necessary to ensure compliance with applicable laws. He was 80. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December31, 2006 and 2005 are presented below: The Companys charitable contribution carryover totaling $958,000 and $2,547,000 as of December31, 2006 Description: Essay on Burt's Bees annual report. You had to clip coupons, scour the web for deals, and wait around for annual sales to pick up new things or old favorites. The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended Represented Burt's Bees at Natural Products Expo West trade show. we purchase directly traced to origin and verified with on-site visits. regulatory matters. The increase in earnings before . A luscious but pricey tinted lip balm in a dozen colors: Fresh Sugar Lip Treatment Sunscreen SPF 15. By our suggestions above, we hope that you can found Burts Bees Annual Report for you.Please dont forget to share your experience by comment in this post. Foreign currency transactions are accounted for in The Company granted 1,294 options to eligible employees and had one modification of 142 previously vested options during 2006. 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 . December31, 2006 are as follows (in thousands): The aggregate maturities for 2008 through 2010 are subject to change based upon future excess cash flow 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. The Company Clorox entered into a merger agreement on Oct. 30, 2007, to, The transaction is expected to be EPS accretive to Clorox as, adjustments, one-time transaction and integration costs as well, closing, debt to EBITDA ratio will be 3.5/1x. BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burts Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . We intend to, pay down debt and return to long-term target of 3.0/1x by, Close of transaction is targeted for December 2007, subject to, $25 million payment for anticipated tax benefits, Source: Euromonitor; Datamonitor; Nutrition Business Journal, Market leadership and strong brand equity, Address investor demand for sustainable top-line growth, Consistency with stated objectives of Centennial strategy, Immediate, albeit limited, value creation through synergies, Cost synergies: procurement, channel management, Revenue synergies (long-term): new geographies, category expansion, At the forefront of environmental sustainability / natural, Managerial talent with extensive expertise in, Market entry in attractive category and springboard for, Personal Care and wellness/sustainability expansion, A leading brand in the growing $6.4 billion, including lip care, facial care and body care, Unique capability in developing and manufacturing products. The company may also use non-GAAP financial measures, which could differ from, reported results using Generally Accepted Accounting Principles (GAAP).

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