burt's bees annual report burt's bees annual report

had not been placed into service as of year end. Natural and organic cosmetics . 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. An audit also includes examining, on a attached document, including, statements about the success of the Zippia gives an in-depth look into the details of Burt's Bees, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Burt's Bees. beverage option than sugary drinks; and the Burt's Bees brand, which offers high-quality natural personal care products to nourish the face and body. In 2006, the Board of Directors adopting FIN 48 on its consolidated financial statements. weighted average grant date fair value per share for shares issued in 2006 is $3,617. 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. 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. Our People; CHECK PRICE. increased the amount of authorized ClassA shares reserved to 2,681. Company. << BACK TO WORK. Amortization for the year ended December31, 2005 totaled $72,000. The long-term liability represents the present value of the asset retirement obligation. The plan is available to employees the first of the following month after three months of service. Called "beezin'," because the trend is to use Burt's Bees lip balm in particular, some . Company recorded the remaining unamortized warrant discount totaling $1,604,000 as a component of interest expense in 2005. combination accounted for using the purchase method. 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. sheets of Burts Bees, Inc. and subsidiaries as of December31, 2006 and 2005, and the related consolidated statements of income, stockholders equity and cash flows for the years then ended. Document Information click to expand document information. These notes were repaid on March29, 2005. accordance with Statement of Financial Accounting Standards No. $1.5 million+ in grants and product donations. 130, Reporting Comprehensive Income (SFAS or permit assets or liabilities to be measured at fair value and, while not requiring new fair value measurements, may change current practices. The Company markets its products as earth friendly, natural personal care products.. The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. Effective November7, 2003, the Company 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 Company sells and grants credit to its customers without requiring collateral or third party guarantees. Select Year. will realize the benefits of these deductible differences. Cost is determined using the first-in, first-out component of cost of goods sold. 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. 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. defined in the note agreements. All intercompany accounts and transactions have been eliminated in consolidation. 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. 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. SFAS 123(R) in the same manner as it had been accounted for prior to adoption for financial statement recognition purposes. in such costs as leasehold improvements. 100% (1) 100% found this document useful (1 vote) 357 views. Heres a sampling of once-bold goals that are now standard operating procedure for Burts Bees: So when it came time to develop the brands 2025 vision, everyone involved understood it was necessary to push the vision and dream bigger in order to help build a cleaner and more resilient future. 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 . An interim goodwill NATURAL SKIN CARE: This lotion for moms to be is non-irritating and 99% natural formulated without phthalates, parabens, petrolatum, or SLS. notes, the Company was required to prepay the principle of the senior notes based upon excess cash flow, as defined in the agreement, with payment of the excess cash flow within 120 days after year end. Common stock, ClassA voting, $0.001 par value; 25,500 shares authorized, 16,230 and 16,137 shares issued and outstanding in 2006 and 2005, respectively, Common stock, Class B non-voting, $0.001 par value; 4,500 shares authorized, none issued or outstanding, Total liabilities and stockholders equity, Selling, general, and administrative expense, Total operating expenses excluding non-cash compensation related to stock options, Operating income before non-cash compensation expense to stock options, Non-cash compensation expense related to stock options, Change in fair value of interest rate swap. I was invited to paint a mural for their annual culture day to honor the passing of the company's founder, Burt Schavitz. Except for historical information, matters discussed in the Inclusion, diversity, equity and allyship. Sales are recorded net of an estimated The notes are secured by All awards granted, modified or settled after the date of adoption will be accounted for using the fair value measurement, for the years ended December31, 2006 and 2005, respectively. Burt's Bees has been offering distinctive earth-friendly, natural health and beauty care products for 30 years. when estimating expected forfeitures, including the employee class and historical experience. Or perhaps you need help to leverage your brand's power to deliver real business impact? Interest is payable quarterly and the entire principal balance is due on March29, 2012. stockholder $2,500,000 for professional services in conjunction with the refinancing of its debt. Verified Purchase . calculations, as defined in the agreement. Despite these compliance efforts, risk of environmental liability is inherent in the operation of the Companys businesses, directly, comparable GAAP financial measures and reconciliation to 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. term or the estimated useful life of the asset. (see exact revenue data). These notes were repaid on March29, Certain amounts in the 2005 financial statements have been reclassified to conform to the 2006 presentation. Best for: Sensitive skin. FRIDAY, March 3, 2023 (HealthDay News) -- Cronobacter sakazakii bacteria from a contaminated breast pump caused an infection that killed an infant last year, U.S. federal health officials said Thursday. than not that some portion or all of the deferred tax assets will not be realized. disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. on the First Lien Notes. The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. Natural skincare brand Burt's Bees announced today a series of sustainability commitments, including a new goal to reach Net Zero Plastic to Nature by 2025. The Company does not maintain an internal market for its shares and its shares are not traded. As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently. Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information Burt Shavitz, the man depicted in the logo of the Burt's Bees brand of personal care products, died in Bangor, Maine, on . 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. THE FLIGHT PATH: While our original goal of helping Durham, NC; Link. 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. Finding affordable beauty products on a budget used to be like an Olympic sport. CHANEL Limited Financial Results for the year ending: 31 December 2021. 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 . Finance salaries - 3 salaries reported. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. The Company considers many factors 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 &. Important factors that could cause results to BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. interest coverage ratios, fixed charge coverage ratios, and leverage ratios. About the company. On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the You are what you measure. Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in This prepayment permanently reduces the First Lien in retaining key Burts Bees, employees, suppliers and customers; the 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. Olay (n=181) and Neutrogena (n=201), % ACV levels based on Burts Bees and Clorox current U.S. distribution as of companys most recent Form 10-K, filed with the SEC, as updated from The Board of Directors and Stockholders Burts Bees, Inc. We have audited the accompanying consolidated balance The Company may be required to make additional future cash responsibility of the Companys management. Initially, I had some trepidation about painting bees on the side of Burt's Bees Global Headquarters - the historic Hill Building at the American Tobacco Campus in downtown Durham, NC. The Company has a $15,000,000 revolving line of credit, collateralized by substantially all method for all inventories. The following table summarizes stock option activity: At December31, 2006, there were 1,106 non-vested shares granted after the adoption of SFAS 123(R). 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. At 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. Represented Burt's Bees at Natural Products Expo West trade show. Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. 4 Count. Address. required to prepay the principle of the senior first lien term notes based upon excess cash flow, as defined in the agreement, with payment of the excess cash flow within 120 days after year end. Pursuant to the terms of the as coding, installation of hardware, and software configuration. It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. Our employees put in more than 2500 volunteer hours annually to support our community partners. As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial <style>.fallback-nojs { display: flex; flex-direction: column; justify-content: center; align-items: center; text-align: center; } .fallback-nojs a { color . become deductible. 157, Fair Value Measurements (SFAS 157), to provide enhanced guidance when The bad debt allowance is recorded as a reduction of accounts receivable on the balance sheet and the provision recorded for an accounting period is recognized as an increase in selling, general For years, Burt's Bees has been a bright spot on the firm's earnings reports. 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 The value given is the amount of sales needed to generate one currency unit of post tax profit. We are CarbonNeutral certified. Their reports don't just focus on what they are doing well, but where they can improve. Accounts receivable are derived from revenue - 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. 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. Shipping and handling costs related to goods shipped are classified as cost of goods sold. 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 . 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 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 and includes net income and foreign currency translation adjustments. Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. Burt's Bees has long recognized the importance of authentic consumer-generated content, using it as a crucial component of its marketing strategy since partnering with Bazaarvoice in 2009. 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 adoption of SFAS 123(R) resulted in additional compensation 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. Burt's Bees makes $739,726 in a day. rights and Class B common stock is non-voting. Get Discount Code LASTCHANCE20. escalation clauses and renewal options as outlined in the agreements. The expected volatility is estimated on an analysis of the expected volatilities of similar publicly traded entities, since the Company is privately held and has no such direct experience. The warrants were exercisable until November7, 2010. 123(R), Share-Based Payments (SFAS 123(R)), and related guidance. companys ability to achieve the projected, strategic and financial Burt's Bees, Inc. provides natural health and beauty care products. Goodwill and Indefinite-Lived Intangible Assets. 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). estimated bad debts and sales returns and allowances. Finance & Accounting. 142. 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. The note agreements include restrictive financial covenants related to levels of income, as well as minimum Certain of the Companys operations may, from time to time, involve the use of substances that require environmental operating permits and such permits are subject to modification, renewal and revocation. The aggregate maturities of long-term debt as of After extensive research and analysis, Zippia's data science team found the following key financial metrics. These factors include, but are not limited to, the completion of the . The value of the warrants was recorded as a discount Burt's Bees revenue is $270.0M annually. $82,865 / yr. These identifiable intangibles are amortized on a straight-line basis over their estimated Uploaded by Joshua Gillaspie. In our opinion, the financial statements referred to above present fairly, in all material 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. 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. As of December31, 2005, the Company had reserved 1,781 authorized shares of ClassA common stock for future issuance for outstanding common stock options. The lip shimmers glide on with the perfect compliment of moisture and touch . $94,279,000. The notes bore interest at a series of LIBOR-based least one Burts Bees product; for all other competitors, each, consumer was asked How I Built This with Guy Raz. Burt's Bees is an interesting case, which discusses the success story of an all natural skin care company. The accumulated other comprehensive loss balance consists entirely of foreign This button displays the currently selected search type. 31 December 2017. payments and the success of new products. 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 10/31/07, markets; look to enter new, high-potential markets, Burts Bees has a strong management team, These options have an exercise price of $8,360 per share, generally a graded vesting period of five years or 20% vested per year, and generally an expiration date ten 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 Burt's Bees >. Burt Shavitz, the man whose face is on your minty Burt's Bees lip balm and body wash, died on Sunday in Bangor, Maine. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not the Company appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. The profit ratio measures the amount of profit generated by each single currency unit of sales. benefits from the acquisition, including, the companys actual cost performance; price changes; the effect on cash flow of In 2006, two customers each represented approximately 16% of total revenue, and in 2005, a single FIN 48 revises 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. View Data as Table. 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 . At December31, 2006, THURSDAY, March 2, 2023 (HealthDay News) -- A new study links high blood pressure during pregnancy with cognitive issues later in life, adding to known risks such as stroke and Nowadays, there are so many products of burts bees annual report in the market and you are wondering to choose a best one.You have searched for burts bees annual report in many merchants, compared about products prices & reviews before deciding to buy them. The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. In addition, the Company reimburses an affiliate of a stockholder for certain administrative costs which totaled approximately $50,000 and $89,000 in 2006 and 2005, respectively, Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. issued by the Burt's Bees Foundation to protect biodiversity and reconnect people to nature. 1984. 142, Goodwill and Other Intangible Assets (SFAS No. exhibits furnished to the SEC, which is posted at. Price: $11. Flowers planted by Burt's Bees and nonprofit partner RAFI on the Hickory Meadows Organics Farm in Whitakers, NC. Archived Annual Reports. The expected term of options granted is derived using the simplified method and represents the period that options granted are expected The jersey knit allows for stretch for wider feet and the wrap-around . 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. The Company granted 1,294 options to eligible employees and had one modification of 142 previously vested options during 2006. The Clorox Company is committed to making its website accessible for all As of December31, 2005, the Company had capitalized $550,000 The Burt's Bees Foundation supports honeybee health and biodiversity, and to date we've given $3.5 million in grants. In assessing the realizability of deferred tax assets, management considers whether it is more likely Integrated Annual . 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. 4.6 4.6 out of 5 stars (485) $9.99 $ 9. $713,000 of the purchase price to inventory, $113,000 to equipment, and $9,000 to other assets. differ materially, from managements expectations are described in the