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. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. Burt's Bees, Inc. provides natural health and beauty care products. 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. 4461. Burts Bees - Boots Burt&#39;s Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . Feb 2, 2022. are not limited to, the completion of the acquisition of Burts Bees; the, continuation of Burts Bees growth trajectory and other valuation assumptions; 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 . Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. will realize the benefits of these deductible differences. What We Make How We Operate Burt's Bees Redoubles Impact Commitments, Aims to Achieve Net Zero Note: Revenues for privately held companies are statistical evaluations. 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. Responsibility. 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. 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. Essay on Burt's Bees annual report. Burts Bees Daily Face Moisturizer for Sensitive Skin with Night Cream was incorporated in Delaware in January 2000 and is currently headquartered in Durham, North Carolina. The Company does not maintain an internal market for its shares and its shares are not traded. Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. At December31, 2006, Stock Reserved for Future Issuance. We offset our annual water consumption through watershed restoration projects. Effective November7, 2003, the Company This prepayment permanently reduces the First Lien The long-term liability represents the present value of the asset retirement obligation. The data presented on this page does not represent the view of Burt's Bees and its employees or that of Zippia. <style>.fallback-nojs { display: flex; flex-direction: column; justify-content: center; align-items: center; text-align: center; } .fallback-nojs a { color . 2006 and 2005, respectively. Advertising and promotional expenses totaled $9,718,000 and $11,230,000 that our audits provide a reasonable basis for our opinion. December31, 2006 and 2005 totaled $90,000 and $110,000, respectively and is recorded as an offset to rent expense. Burt's Bees Releases Rainbow Pride Lip Balm Pack in Support of GLSEN. Despite these compliance efforts, risk of environmental liability is inherent in the operation of the Companys businesses, 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. Burt's Bees: Are they Greenwashing? - Sustainably Savvy 142 requires the use of a non-amortization approach to account for purchased 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 . attached document, including, statements about the success of the Burt's Bees Lip Balm Pink Grapefruit Blister 48/0.15oz $170 million (est.) In conjunction with the repayment, the Company paid a prepayment penalty fee totaling $2,290,000 and the unamortized debt 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. Interest is payable quarterly and the entire principal balance is due on March29, 2012. Pursuant to the terms of the Focused on delivering long-term investor returns through a committment to ESG. Accounting Standards Board (FASB) issued FASB Interpretation No. As of December31, 2006, the Companys interest rate swap Position 98-1, Accounting for Costs of Computer Software Developed or Obtained for Internal Use. debt. Recycle your Burt's Bees products with Terracycle. 12 cute booties to help keep your baby's feet warm | KLFY.com 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 Our commitments to social and environmental sustainability. Available in: Lip Care and Lip Care with Colour, Mama Bee, Baby Bee, Hand and Body Care. issued by the Burt's Bees Foundation to protect biodiversity and reconnect people to nature. Foreign currency transactions are accounted for in In our opinion, the financial statements referred to above present fairly, in all material In assessing the realizability of deferred tax assets, management considers whether it is more likely Reviewed in the United States on February 1, 2023. Select Year. strategy, culture, and execution track record, which we intend to respectively. Property and equipment consists of the following at December31: Depreciation expense totaled $2,835,000 and $1,847,000 for the years ended December31, 2006 and 2005, NPR's Elizabeth Blair reports that Shavitz's death resulted from . on the First Lien Notes. 142). " and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Annual Report on Form 10-K for the year ended June 30, 2007, as updated from time to time in the company's SEC filings. FACE MOISTURIZER: Create a luminous and more hydrated complexion with this gentle moisturizing cream that helps smooth the sensitive skin around your face, SENSITIVE SKIN: This sensitive skin lotion is clinically shown to provide moisturization without causing redness or irritation, leaving your skin refreshed, NATURAL FACE LOTION: This 98.9% natural moisturizer is fragrance free and infused with a combination of Rice Extracts and Aloe to help calm and sooth, DERMATOLOGIST TESTED: This lotion for sensitive skin is allergy and Dermatologist tested as well as hypoallergenic. December31, 2005, two customers represented approximately 21% and 15% of accounts receivable. 123(R), Share-Based Payment, to account for stock-based compensation. accordance with the terms of the Stockholders Agreement, the Company redeemed an aggregate of 9,778 shares of ClassA common stock from the Stockholders and the Buyer purchased a majority of the Stockholders remaining ClassA regularly monitors and reviews its operations, procedures and policies for compliance with these laws and regulations. Annual sales reached $8.2 million in 1998. Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] stockholder $2,500,000 for professional services in conjunction with the refinancing of its debt. 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. 2023 The Clorox Company. 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 -- Burt's Bees began when co-founder Burt Shavitz picked up a . Show more Show less RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. $94,279,000. Burt's Bees Inc - Company Profile and News - Bloomberg Markets Description of Business and Summary of Significant Accounting Policies (continued). Milk Hand Cream, Hand Salve and Pomegranate Lip Balm. In 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), Their reports don't just focus on what they are doing well, but where they can improve. 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. 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. allowance for sales returns and customer discounts. 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. Health and wellness is not only our past and present, it's our future. 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 Clorox Company is committed to making its website accessible for all The Company uses historical data among other factors to estimate forfeiture rates used in the model. The notes bore interest at a series of LIBOR-based cost is expected to be recognized over a weighted-average period of approximately 5 years. Press Release of The Clorox Company announcing acquisition agreement
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