burt's bees annual report
An . The Company accounts accordance with Statement of Financial Accounting Standards No. The Company The Company deposits its cash and cash equivalents in domestic The brand is focused on two areas where it wants to have an even bigger impact in coming years: reducing waste and energy and having a positive impact on its sourcing communities around the world. The aggregate maturities of long-term debt as of Show more Show less NEW YORK (May 10, 2016) - GLSEN, the leading national education organization focused on ensuring safe and affirming schools for all students, today announced its partnership with Burt's Bees for Lesbian, Gay, Bisexual and Transgender (LGBT) Pride Month in June. estimated bad debts and sales returns and allowances. 142, Goodwill and Other Intangible Assets (SFAS No. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Today, theyre simply how Burts Bees works. and 2005 will begin to expire in 2007 if not used. 2006 and 2005, respectively. The Company capitalizes software development costs once the project has reached the application development stage, which includes activities such Burt's Bees may also be known as or be related to BURT S BEES, Burt's Bees, Burt's Bees Inc and Burt's Bees, Inc. Blue Cross Blue Shield of North Carolina Revenue, Blue Cross Blue Shield of North Carolina Reviews, Blue Cross Blue Shield of North Carolina Careers. The Company is currently evaluating the impact SFAS 157 will have on its consolidated financial 4 Count. It's bad for your eyes, according to a Michigan Medicine expert. The expected term of options granted is derived using the simplified method and represents the period that options granted are expected Prior to adoption, the Company used the 99 ($3.33/count) buy 5 to get 5% off. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. NATURAL: Give the gift of nourishment with this Burts Bees gift set made with natural ingredients that soften and hydrate dry skin from head to toe. test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. << BACK TO WORK. Essay on Burt's Bees annual report. cost is expected to be recognized over a weighted-average period of approximately 5 years. The Company is currently assessing the impact of Foreign currency transactions are accounted for in Notes and shall be applied in inverse order of maturity of such scheduled installments. The Board of Directors and Stockholders Burt's Bees, Inc. We have audited the accompanying consolidated balance sheets of Burt's Bees, Inc. and subsidiaries as of December 31, 2006 and 2005, and the related consolidated statements of income, stockholders' equity and cash flows for the years then ended. We champion people to be well and thrive every single day. 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. Amortization expense related to the warrants for the tax. The Company monitors customers payment history and establishes reserves for Any additional future cash consideration represents additional purchase 9. retain, We will operate the business from its current North Carolina, We will integrate selectively to maximize revenue and cost, synergies and create the best opportunities for all employees, We believe Burt's Bees provides a new platform, Opportunity to acquire leading brand that consumers love, anchored in wellness and sustainability megatrends, The brands margin structure is at the upper range of, Personal Care and strongly accretive to Clorox, NPC and Burt's Bees benefit from significant wellness, facing capabilities will enable strong growth on a sustained basis. Cost is determined using the first-in, first-out LIP CARE: Renew your lips with Burt's Bees Moisturizing Pink Grapefruit Lip Balm bursting with juicy goodness; MOISTURIZER: Hydrate and sooth dry lips with Beeswax and powerful fruit extracts packed into every tube of Burt's Bees lip balm; SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all . The lip shimmers glide on with the perfect compliment of moisture and touch . Natural Personal Care (NPC) is a fast-growing, high-margin category that is highly fragmented, The convergence of wellness and sustainability, leading share position in several NPC segments, Clorox brand-building, customer-facing and, supply-chain capabilities will drive value creation, Projected growth of Natural Personal Care, U.S. The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. The risk-free interest rate for periods within the contractual life of the option is based on the yield of the U.S. Treasury securities at the time of grant. We have struggled to meet our water reduction targets after increasing water use per mass unit of . Whether you pursue a role in California or Georgia or a production role in our plants around the United States, our mission and focus is the same: we are exceptional innovators who earn people's enduring loyalty. In addition, the company offers body care products, including body washes and soaps, body moisturizers, and bath oils and bath crystals, as well as hand, foot, sun, and mens body care products; baby care products, including baby washes and soaps, baby moisturizers, diaper ointment and care products, and baby sun care products; and gift sets. The figure is about the latest fiscal year available. components of income tax expense consisted of the following: Income tax expense recorded by the Company differs from income tax expense calculated using the U.S. federal Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. an alternative method. No. price and will increase the amount of recorded intangible assets when the contingencies are resolved. 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. $94,279,000. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. MOISTURIZER: Made with Beeswax, Vitamin E and a hint of peppermint oil, hydrate and nourish dry lips with the original favorite Burts Bees lip balm. Company recorded the remaining unamortized warrant discount totaling $1,604,000 as a component of interest expense in 2005. Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of View Data as Table. adopting FIN 48 on its consolidated financial statements. 123(R), Share-Based Payment, to account for stock-based compensation. Shavitz's likeness is featured on the Burt's Bees products. The trend first began back in the 2010s, but has seen a resurgence in 2023. The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as defined in the note agreements. These factors include, but are not limited to, the completion of the . Since then, the Company has grown rapidly and built a valuable, distinctive brand image among a large loyal customer base. 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. Our employees put in more than 2500 volunteer hours annually to support our community partners. The lip shimmer comes in one slim tube and is available in 14 shimmering shades. companys most recent Form 10-K, filed with the SEC, as updated from the years ended December31, 2006 and 2005, respectively. Company. 20,000+ livelihoods impacted 1984. Investor Contact (510) 271-7767. investorrelations@clorox.com. Or perhaps you need help to leverage your brand's power to deliver real business impact? assets of the Company, which was unused in 2006. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. Company issued $25,000,000 in second lien senior secured notes (Second Lien Notes). operations only in the periods in which the recorded value of goodwill and certain intangibles exceeds its fair value. responsibility of the Companys management. disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. -- Burt's Bees began when co-founder Burt Shavitz picked up a . The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. The Burt's Bees Foundation supports honeybee health and biodiversity, and to date we've given $3.5 million in grants. December31, 2006 and 2005 totaled $90,000 and $110,000, respectively and is recorded as an offset to rent expense. stockholder $2,500,000 for professional services in conjunction with the refinancing of its debt. and such amounts recognized for income tax purposes. Burt Shavitz, the man whose face is on your minty Burt's Bees lip balm and body wash, died on Sunday in Bangor, Maine. Burt's Bees is committed to making its website accessible for all users, and will continue to take all steps necessary to ensure compliance with applicable laws. 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. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. Kathleen M. Sarnes. These financial statements are the to excess stock-based compensation as a financing activity in its consolidated statements of cash flows. Available in: Lip Care and Lip Care with Colour, Mama Bee, Baby Bee, Hand and Body Care. Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. non-GAAP financial measures, are set forth in the Form 10-K and its SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. It's a measure of a company's overall profitability, i.e. In 2005, the Company amended one The Company amortizes the expectations, are forward-looking statements based on managements estimates, assumptions and projections. differ materially, from managements expectations are described in the On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the 142). Founded in 1989, the The discount was being amortized as additional interest expense over the 84-month term of the debt from November7, 2003 to November7, 2010. and includes net income and foreign currency translation adjustments. For purposes of performing the goodwill Sales are climbing at an annual rate of 9%. The figure is about the latest fiscal year available. 4461. Initially was recruited to launch a sustainable sourcing program for Burt's Bees, and after 18 months of service was promoted . The following methods and to frontline workers and vulnerable populations at the onset of COVID-19. payments and the success of new products. In assessing the realizability of deferred tax assets, management considers whether it is more likely The accompanying consolidated financial statements include the accounts of Burts Bees, Inc., and its wholly owned subsidiaries including Burts Bees International Holdings Inc., the wholly owned parent company of Burts Bees . Every day. Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . Nov 2012 - Jan 20163 years 3 months. The Clorox Company doesn't provide the information on its shareholders. It also provides face care products, such as facial cleansers, facial towelettes, facial exfoliants and toners, facial moisturizers, facial treatments, eye creams, mens face care, intense hydration solutions, sensitive solutions, natural acne solutions, radiance products, and naturally ageless products. Burt Shavitz poses on his property in Parkman, Maine on May 23, 2014. 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. 11/19/2020 -- Global Natural & Organic Makeup Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF . Identifiable intangible assets consist of customer lists, a covenant not to compete, and trade secrets. Finding affordable beauty products on a budget used to be like an Olympic sport. The notes bore interest at a series of LIBOR-based All awards granted, modified or settled after the date of adoption will be accounted for using the fair value measurement, Our commitments to social and environmental sustainability. Estimates of fair value are not intended to predict to be outstanding. About the company. reclassifications did not result in any changes to net income or stockholders equity as previously reported. useful lives, ranging from seven to ten years. Leasehold improvements are amortized using the straight-line basis over the shorter of the lease rates that ranged from 5.31% to 5.52%per annum during 2005. 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 . we purchase directly traced to origin and verified with on-site visits. year in quarterly installments in exchange for certain advisory and consulting services. Collections of travel-sized samples introduced in mid-1998 became instant best sellers. Here are some of best sellings burts bees annual report which we would like to recommend with high customer review ratings to guide you on quality & popularity of each items. The than not that some portion or all of the deferred tax assets will not be realized. This week on How Stuff Is Made, we discover how Burts Bees Lip Balm is made. In 2006, $31,000 of tax benefits were reported as a financing activity. when estimating expected forfeitures, including the employee class and historical experience. Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. 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. issuance costs totaling $613,000 were recorded as a component of interest expense in 2005. We were not engaged to perform an audit of the Companys internal control over financial reporting. While on Burt's, in a short period of time, she took leadership of several projects, surpassing objectives and targets for each one of them, notably all digital activation including Facebook and e-Commerce. Annual sales reached $8.2 million in 1998. Our People; The assumptions for the Black-Scholes-Merton model used in determining the fair value of options granted to employees for the year ended December31, 2006 were: The option-pricing model uses a forecast of the volatility of the Companys common stock during the expected The fair value of these warrants was recorded as a discount on the debt and was amortized as additional interest expense over the term of the 1-800-227-1860 so that we can provide you access through the swap matures on March31, 2008. The Company has presented the tax benefit for deductions relating Burt's Bees Releases Rainbow Pride Lip Balm Pack in Support of GLSEN. NPR's Elizabeth Blair reports that Shavitz's death resulted from . including the, ability to increase distribution; the companys success 31 December 2019. to the Senior Subordinated Notes Payable. In conjunction with the amendment, the Company agreed to return a portion of the facility back to its original use at the end of the lease term, May31, 2010. Burt's Bees was the leading lip balm/treatment brand in the United States in 2019, generating sales of over 140 million U.S. dollars in that year. Effective March29, 2005, the Document Information click to expand document information. When the brand set these sustainability goals more than five years ago, they were ambitious. 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. SFAS 157 is effective for the Company beginning on January1, 2008. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. Burt's Bees Lip Balm, Moisturizing Lip Care Valentine's Gift for Men & Women, 100% Natural, Original Beeswax with Vitamin E & Peppermint Oil 0.15OZ 4.25g 2 Tubes No reviews 780 780 1,200 1,200 (35% off) As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently. Unlike a lot of other "natural" brands Burt's Bees has transparency. Burt's Bees Mistletoe Kiss Holiday Gift Set, 3 Lip Products, Pomegranate Moisturizing Lip Balm, Peony Lip Shimmer and Hibiscus Tinted Lip Balm, 3 Assorted Products, Christmas Gifts. Corporations are Hives of People. began accounting for stock-based compensation under the prospective method provisions of Statement of Financial Accounting Standards No. (SFAS 141). 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. The Company Their reports don't just focus on what they are doing well, but where they can improve. Effective November7, 2003, the Company The note agreements include restrictive financial covenants related to levels of income, as well as minimum as it is with other companies engaged in similar businesses, and there can be no assurance that environmental liabilities will not have a material adverse effect on the Company in the future. In a single month, Burt's Bees normally makes close to $22.5M in revenue. 52, Foreign Currency Translation (SFAS No. was based on a notional amount of $95,794,000 that decreases as the Company pays down the principal balance on its First Lien Notes. consumer was asked about one other random company from which they had purchased personal care items; Core is a weighted average of Tom's (n=81), Kiss My . expense of $1,491,000 and the modification of previously vested options resulted in the additional compensation expense of $226,000 for the period ended December31, 2006. Responsibility. Burt's Bees has been offering distinctive earth-friendly, natural health and beauty care products for 30 years. And sometimes, what you measure, you become. 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). It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income. for the years ended December31, 2006 and 2005, respectively. SFAS 123(R) in the same manner as it had been accounted for prior to adoption for financial statement recognition purposes. income for that period. By Liz Thach, MW Contributor Nov 6, 2022 If this review by management indicates that the carrying value would not Interest is payable quarterly and the entire principal balance is due on March29, 2012. agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). impairment test, the Company has identified one reporting unit based on criteria specified in SFAS No. 8 pages. The Company has elected to perform its annual impairment test as of December31 of each calendar year. This annual report highlights their mission statement and shares stories from their customers who love the products. Consumers who have purchased natural personal care in the last 12 months: Please rate each of the following brands on a scale of 1 to 7, where 1 is not at all, Burts Bees Has Superior Attribute Ratings, Source: Clorox Commissioned US Consumer Survey (n=1022), care products, on a scale of 1 to 7, where 1 is not at all important and 7 is extremely, Note: Burts Bees performance asked of all consumers who indicated they have purchased at Shipping and handling costs related to goods shipped are classified as cost of goods sold. Actual results could differ from those estimates. of its leases.
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