ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. The company may also use non-GAAP financial measures, which could differ from, reported results using Generally Accepted Accounting Principles (GAAP). Burt's Bees Baby | Baby and Newborn Clothes and Bedding Description of Business and Summary of Significant Accounting Policies, Burts Bees, Inc. (the Company) is a manufacturer of natural personal care products. least one Burts Bees product; for all other competitors, each, consumer was asked Following the first progress update in 2016, Burt's Bees' 2018 update focuses on progress in 11 goal areas outlined when the brand's 2020 Sustainability goals were set in 2012. See full report. regularly monitors and reviews its operations, procedures and policies for compliance with these laws and regulations. CHANEL Limited Financial Results for the year ending: 31 December 2021. CHECK PRICE. Investors - Financial Information - Annual Reports - Clorox 10 Entertaining Business Documentaries Entrepreneurs Can Learn From 130, Reporting Comprehensive Income (SFAS The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as defined in the note agreements. Amortization expense related to the warrants for the Price: $11. 142. Repairs and maintenance are charged to operations as incurred, and expenditures for additions and improvements that extend the useful life of the asset are capitalized. 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. inventory cost. Lip balm/treatment brand sales U.S. 2019 | Statista Clorox To Buy Burt's Bees - Forbes estimates and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes to the financial statements. The Company deposits its cash and cash equivalents in domestic Robert F. Bukaty / AP. Burt's Bees Sustainability. At December31, 2006, In 2006, the Board of Directors tax. Important factors that could cause results to 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 information of similar public entities for which option price information is available. Description of Business and Summary of Significant Accounting Policies (continued). << BACK TO WORK. rates that ranged from 5.31% to 5.52%per annum during 2005. 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. In assessing the realizability of deferred tax assets, management considers whether it is more likely These notes were repaid on March29, 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. It is effective for daily use and has been Awarded National Eczema Association Seal of Acceptance, BURTS BEES FACE CARE: Use this moisturizer daily as part of Burts Bees Sensitive Face Care 5 product regimen for a healthier looking complexion, naturally, 2 PACK LIP CARE: Apply Burts Bees Moisturizing Beeswax Lip Balm to nourish and hydrate your lips with a dash of peppermint, WITH PEPPERMINT OIL: Hydrate and sooth dry lips with beeswax and a dash of peppermint extract packed into every tube of Burts Bees Beeswax Lip Balm, SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long, ALL NATURAL: Enriched with 100% natural ingredients, this natural lip balm is formulated without parabens, phthalates, petrolatum or SLS, LIP BALM: Treat your lips to a spa retreat with this refreshing lip balm that naturally beautifies and revitalizes your lips, NIGHT CREAM: Help restore the delicate skin on your face with this nourishing Burts Bees night cream enriched with natural, anti-aging ingredients, NATURAL SKIN TREATMENT: This 98.9% natural formula is perfect for all skin types, dermatologist tested and formulated without parabens, phthalates or petrolatum, ANTI-AGING NIGHT CREAM: This anti-aging face lotion absorbs quickly and contains Clary Sage which helps increase the skins ability to retain moisture, ANTI-WRINKLE CREAM: Clinically shown to reduce the appearance of fine lines and wrinkles, this non-greasy moisturizer gives skin the nutrients it needs, FACE MOISTURIZER: This ultra-hydrating night cream offers a natural solution for dry skin leaving skin feeling instantly fresh, soft and renewed, SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including 6 travel size products: Honey &, Grapeseed Oil Hand Cream, Coconut Foot Cream, Lemon Butter Cuticle Cream, Almond &. Effective November7, 2003, the Company Accounting Standards Board (FASB) issued FASB Interpretation No. The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. An audit also includes examining, on a Burt's Bees is an interesting case, which discusses the success story of an all natural skin care company. Burt's Bees Careers and Employment, US | Indeed.com in the Investors/Financial Information/SEC Filings section. Unlike a lot of other "natural" brands Burt's Bees has transparency. Burt's Bees is an American personal care products subsidiary of Clorox that describes itself as an "Earth friendly, Natural Personal Care Company"making . Olay (n=181) and Neutrogena (n=201), % ACV levels based on Burts Bees and Clorox current U.S. distribution as of The Clorox Company doesn't provide the information on its shareholders. to excess stock-based compensation as a financing activity in its consolidated statements of cash flows. Effective November7, 2003, the Company issued $25,000,000 in senior 1. The First Lien Notes bear interest at a series of LIBOR-based rates that ranged from 7.04% to 8.37%per annum during 2006. Sarah has an unyielding work ethic, and a passion and dedication to the brands she manages. term or the estimated useful life of the asset. Burt Shavitz poses on his property in Parkman, Maine on May 23, 2014. - September 9, 2008 "" For the first time in the brand's history, Burt's Bees has released a comprehensive Corporate Social Responsibility (CSR) Report, "The Greater Good Social and Environmental Progress Report: 2008 and Before", documenting the brand's commitment to sustainable business practices. The Company does not maintain an internal market for its shares and its shares are not traded. <style>.fallback-nojs { display: flex; flex-direction: column; justify-content: center; align-items: center; text-align: center; } .fallback-nojs a { color . -- Burt's Bees began when co-founder Burt Shavitz picked up a . It was interesting to notice how Roxanne . Annual sales reached $8.2 million in 1998. 142, goodwill and certain intangibles are not amortized into results of operations, but instead are reviewed for impairment at least annually and written down and charged to The total cost of these transactions was approximately $174,375,000 including transaction costs and the purchase of all outstanding Class B common stock options from the option holders. Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. Burt's Bees Revenue. issued by the Burt's Bees Foundation to protect biodiversity and reconnect people to nature. substantially all the assets of the Company. As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. Intangible assets resulted from a business The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). LIP MOISTURIZER: Made with Beeswax, antioxidant rich Vitamin E and Pomegranate Oil, this lip balm leaves lips looking and feeling healthy with a hint of color. cost is expected to be recognized over a weighted-average period of approximately 5 years. differ materially, from managements expectations are described in the Note: Revenues for privately held companies are statistical evaluations. Manufacturing. The Company applies the provisions of Statement of Financial Accounting Standards No. 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. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make Baby and Toddler Wear Market Valuation Worldwide 2023 - 2028 Our People; Shop our selection of Burt's Bees natural personal care products, including skin care products, lip balms, lip colour products, soaps, lotions, natural baby products, and more. As the 2006 amount is expected to be paid by was incorporated in Delaware in January 2000 and is currently headquartered in Durham, North Carolina. Company. About Burt's Bees . When the brand set these sustainability goals more than five years ago, they were ambitious. 1999. . We are CarbonNeutral certified. The Company 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 . Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information The At the point of loss recognition, a new lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates Prior to adoption, the Company used the Thriving Together: 2020 Impact Report | Burt's Bees using fair value to measure assets and liabilities. Accounts receivable are derived from revenue Baby and Toddler Wear Market 2023 Will Provide Report Analysis that quickly emerging as one of the [Consumer Goods] category in the industry, by Type . for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. The Company has recorded approximately $50,000 and $33,000 in accretion expense in In 2005, the Company amended the plan whereby the Company will match 100% of the first 3% and 50% of the next 2% of the employee defined in the note agreements. clx-20200630_d2 - SEC payable in the amount of $2,012,000 were allocated to these warrants, based on the estimated fair value of the warrants on the date of issuance as calculated using a Black-Scholes valuation model. Sarah Au - Senior Director of Marketing - LinkedIn Substantially all cash deposits were in excess of Federal Deposit Insurance Corporation insured limits during 2006. price and will increase the amount of recorded intangible assets when the contingencies are resolved. 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 Recycle your Burt's Bees products with Terracycle. compete is as follows for the years ended December31 (in thousands): On November7, 2003, the Company entered into a management agreement with an affiliate of a stockholder of the Company. UNSCENTED LOTION: This fragrance free belly butter gently and safely moisturizes as your belly and skin stretch during pregnancy. Kathleen M. Sarnes. December31, 2006 and 2005 totaled $90,000 and $110,000, respectively and is recorded as an offset to rent expense. assumptions were used to estimate the fair value of each class of financial instruments: The carrying amounts approximate fair value because of the short maturity of the instruments. Burt's Bees Revenue: Annual, Quarterly, and Historic - Zippia But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . If this review by management indicates that the carrying value would not financial institutions. translated using the average exchange rate experienced during the period. In statements. Burt's Bees in Moses Lake, WA Expand search. Infant Death Linked to Contaminated Breast Pump: CDC 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. 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. 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. Exhibit - SEC The Company monitors customers payment history and establishes reserves for Initially was recruited to launch a sustainable sourcing program for Burt's Bees, and after 18 months of service was promoted . The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. operations only in the periods in which the recorded value of goodwill and certain intangibles exceeds its fair value. Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. Estimates of fair value are not intended to predict The Company incurred debt issuance costs of $2,241,000 in connection with these notes. Document Information click to expand document information. Available in: Lip Care and Lip Care with Colour, Mama Bee, Baby Bee, Hand and Body Care. allowance for sales returns and customer discounts. The Company recognizes revenue on sales when products are shipped and the customer takes ownership and assumes risk of loss. for the years ended December31, 2006 and 2005, respectively. Finance salaries - 3 salaries reported. Analysis of the Burt's Bees Case Study - GraduateWay 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 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. $170 million (est.) life of the option. users, and will continue to take steps necessary to ensure compliance with applicable laws. 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. Address. Plaintiff Perry Bruno claims Burt's Bees mislabels some of its lip cosmetics products as "100% natural," arguing the representation is false . method for all inventories. Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] 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. 45% of oils, waxes and butters. respectively. 31 December 2020. 141, Business Combinations The notes are secured by This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. That's a lesson the folks at Burt's Bees took to heart from the brand's most recent goal period, as its 2020 Impact Report makes clear. The Clorox Company. FIN 48 prescribes a comprehensive model for how a company Star rating: 4.8/5 Potential allergens: Glycerin Active ingredients: Cotton extract. December31, 2006 are as follows (in thousands): The aggregate maturities for 2008 through 2010 are subject to change based upon future excess cash flow 142). The lip shimmers glide on with the perfect compliment of moisture and touch . How Burt's Bees Lip Balm Is Made | How Stuff Is Made - YouTube Burt's Bees History: Founding, Timeline, and Milestones - Zippia Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of The profit ratio measures the amount of profit generated by each single currency unit of sales. Interest payments on the notes were due quarterly and principal was payable on November7, 2010. non-GAAP financial measures, are set forth in the Form 10-K and its is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. Amazon.ca: Burt's Bees Therefore, the Company estimates volatility based upon 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), SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. Certain of the leases contain In 2006, two customers each represented approximately 16% of total revenue, and in 2005, a single 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. From a beekeeper's backyard in Maine to the leading edge of natural, Burt's Bees knows natural body care solutions from head-to-toe and operates with The Greater Good top of mind. PDF Burt's Bees Best for: Sensitive skin. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. the swap matures on March31, 2008. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. 2006 and 2005, respectively. 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.

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