For years, Burt's Bees has been a bright spot on the firm's earnings reports. Integrated Annual . Negative values mean that the company has a negative level of post tax profit. Nov 2012 - Jan 20163 years 3 months. recognition of approximately $544,000 of intangible assets attributable to the anticipated future earnings and related cash flows of the customer list and distribution channel acquired from the acquisition. 1999. . 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 Those, factors include, but The note agreements include restrictive financial covenants related to levels of income, as well as minimum Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. Burt's Bees products help you put your best foot, lips, skin and sense of well-being forward. 4 Count. The Company has recorded a long term liability of approximately The Company incurred debt issuance costs of $2,241,000 in connection with these notes. financial institutions. View Burt's Bees (www.burtsbees.com) location in North Carolina, United States , revenue, industry and description. All intercompany accounts and transactions have been eliminated in consolidation. Since then, the Company has grown rapidly and built a valuable, distinctive brand image among a large loyal customer base. 2023 The Clorox Company. The lip shimmers glide on with the perfect compliment of moisture and touch . 2003. 2005. 8 pages. <style>.fallback-nojs { display: flex; flex-direction: column; justify-content: center; align-items: center; text-align: center; } .fallback-nojs a { color . 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 The Company expenses costs of advertising and promotional costs as incurred. 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. 9. 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. exhibits furnished to the SEC, which is posted at. The lip shimmer comes in one slim tube and is available in 14 shimmering shades. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. Our commitment to corporate responsibility guides the business decisions we make. 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. The Company uses historical data among other factors to estimate forfeiture rates used in the model. At December31, 2006, two customers represented approximately 27% and 14% of accounts receivable. Except for historical information, matters discussed in the The Clorox Company is committed to making its website accessible for all Identifiable intangible assets consist of the following at December31, 2006 and 2005 (in thousands): Estimated future aggregate amortization of the trade secrets, customer list intangibles, and covenant not to Thank you! 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 . Finance & Accounting. 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. Company size. . 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. 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. life of the option. Description of Business and Summary of Significant Accounting Policies (continued). Burt's Bees Sustainability. interest coverage ratios, fixed charge coverage ratios, and leverage ratios. We believe $82,865 / yr. 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. disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. The notes are secured by The including the, ability to increase distribution; the companys success The company was founded in 1991 and is based in Morrisville, North Carolina. 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. year ended December31, 2006, foreign currency losses amounted to $37,000. on our website or on our other electronic platforms, please call us at The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. Goodwill and Indefinite-Lived Intangible Assets. Notes to Consolidated Financial Statements (continued), 1. 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. Effective March29, 2005, the In 2006, $31,000 of tax benefits were reported as a financing activity. 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. In the 1970s, Roxanne Quimby was trying to live a simpler life - one that rejected the pursuit of material comforts. 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. escalation clauses and renewal options as outlined in the agreements. Report abuse. 109 (FIN 48). 52, Foreign Currency Translation (SFAS No. 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. This annual report highlights their mission statement and shares stories from their customers who love the products. Certain amounts in the 2005 financial statements have been reclassified to conform to the 2006 presentation. Inclusion, diversity, equity and allyship. Select Year. RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. 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.". Burts Bees's Annual Report & Profile shows critical firmographic facts: cost basis. 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. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. The effect of the swap is to convert a portion of the interest rate on the First Lien Notes from a variable rate to a fixed rate of 3.875%. 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. The following methods and NPR's Elizabeth Blair reports that Shavitz's death resulted from . $94,279,000. (2003-2006), NPC growing at double-digit rates across Europe and Asia, U.S. Natural Personal Care Market Is Highly, Fragmented & Lacks Entrenched Scale Players, anticipated to drive growth for years to come, Burts Financial Standards No. useful lives, ranging from seven to ten years. in such costs as leasehold improvements. The Company incurred debt issuance costs of $769,000 in connection with this issuance. Submitted by Burt's Bees. non-GAAP financial measures, are set forth in the Form 10-K and its 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. years from the date of grant. Canada ULC. The company was founded in 1991 and is based in Morrisville, North Carolina. Shipping and handling costs related to goods received are capitalized as a component of Our commitments to social and environmental sustainability. Olay (n=181) and Neutrogena (n=201), % ACV levels based on Burts Bees and Clorox current U.S. distribution as of Burt's Bees Baby Organic Cotton Booties Made from organic cotton, these booties are soft and safe for sensitive baby skin. << BACK TO WORK. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. Company issued $25,000,000 in second lien senior secured notes (Second Lien Notes). Available in: Lip Care and Lip Care with Colour, Mama Bee, Baby Bee, Hand and Body Care. The Company considers many factors Sarah has advanced quickly in her career, and . 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. appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. Inventories are stated at the lower of cost or market. 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. generally accepted accounting principles. The Company markets its products as earth friendly, natural personal care products.. Interest payments on the notes were due quarterly and principal was payable on November7, 2010. Common Stock and Common On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates (See footnote 5). The Company recorded identifiable intangible assets of $36,368,000 at their estimated fair values, and goodwill of $117,212,000 identified at the date of investment. Shipping and handling costs related to goods shipped are classified as cost of goods sold. Revenue. As of December31, 2005, the Company had capitalized $550,000 Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). FIN 48 is effective for fiscal years beginning after December15, 2006. 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. 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 &. The accumulated other comprehensive loss balance consists entirely of foreign In September 2006, the FASB issued Statement of Financial Accounting Standards No. 142.

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