burt's bees annual report

In 2005, the Company amended one Essay on Burt's Bees annual report. The notes are secured by 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 years ended December31, 2006 and 2005, respectively. We were not engaged to perform an audit of the Companys internal control over financial reporting. See full report. Natural and organic cosmetics . Headquarters. It was interesting to notice how Roxanne . The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences If this review by management indicates that the carrying value would not Our commitments to social and environmental sustainability. View Burt's Bees (www.burtsbees.com) location in North Carolina, United States , revenue, industry and description. 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 Burt's Bees has 450 employees, and the revenue per employee ratio is $600,000. The Company amortizes the Today, they're simply how Burt's Bees works. The notes were secured by substantially all assets of the Company. Those, factors include, but 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. Unrealized gains or losses are recorded in earnings as incurred until 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. NPR's Elizabeth Blair reports that Shavitz's death resulted from . 8 pages. Price: $11. Verified Purchase . When the brand set these sustainability goals more than five years ago, they were ambitious. By Liz Thach, MW Contributor Nov 6, 2022 Reviewed in the United States on February 1, 2023. Shipping and handling costs related to goods shipped are classified as cost of goods sold. . rates that ranged from 5.31% to 5.52%per annum during 2005. Description of Business and Summary of Significant Accounting 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. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. 31 December 2018. The increase in earnings before . Shop the best for newborns, babies and toddlers. The adoption of SFAS 123(R) resulted in additional compensation become deductible. Burt's Bees is a natural brand focused on using only the highest quality ingredients for their products. recognition and attribution provisions of SFAS 123(R). 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. When the brand set these sustainability goals more than five years ago, they were ambitious. 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%. 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 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material Naturally, when they planned to break into a new product category, consumer content was a critical element of their strategy. The initiatives were announced along with the release of the company's 2020 Impact Report. 109, Accounting for Income Taxes (SFAS 109). The warrants were exercisable until November7, 2010. Uses: Moisturizing and soothing. FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. The Company monitors customers payment history and establishes reserves for We have struggled to meet our water reduction targets after increasing water use per mass unit of . Burt Shavitz, who died at age 80, had a roadside honey stand. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. in retaining key Burts Bees, employees, suppliers and customers; the 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. And sometimes, what you measure, you become. 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 . Leasehold improvements are amortized using the straight-line basis over the shorter of the lease are not limited to, the completion of the acquisition of Burts Bees; the, continuation of Burts Bees growth trajectory and other valuation assumptions; As of December31, 2005, the Company had reserved 1,781 authorized shares of ClassA common stock for future issuance for outstanding common stock options. 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. Submitted by Burt's Bees. estimated bad debts and sales returns and allowances. The profit ratio measures the amount of profit generated by each single currency unit of sales. Goodwill and Indefinite-Lived Intangible Assets. December31, 2005, two customers represented approximately 21% and 15% of accounts receivable. Under the terms of this management agreement, the Company will pay this entity $750,000 per The Company is currently evaluating the impact SFAS 157 will have on its consolidated financial FIN 48 prescribes a comprehensive model for how a company responsibility of the Companys management. 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 aggregate maturities of long-term debt as of term or the estimated useful life of the asset. 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. 5.0 out of 5 stars Perfect for sensitive skin. This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. BURT'S BEES SKIN CARE: Use Burt's Bees naturally moisturizing face cream as part of your daily Burt's Bees sensitive 5 product face care regimen for a healthier looking complexion . value of the assets acquired and liabilities assumed with the excess recorded as goodwill, in accordance with the purchase accounting methodology set forth in Statement of Financial Accounting Standards No. This week on How Stuff Is Made, we discover how Burts Bees Lip Balm is made. method for all inventories. Comprehensive income encompasses all changes in stockholders equity (except those arising from transactions with stockholders) 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 This annual report highlights their mission statement and shares stories from their customers who love the products. 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. 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. 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. 130, Reporting Comprehensive Income (SFAS CHECK PRICE. interest coverage ratios, fixed charge coverage ratios, and leverage ratios. The Company may be required to make additional future cash The First Lien Notes are secured by 4.6 4.6 out of 5 stars (485) $9.99 $ 9. 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. 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 in the Investors/Financial Information/SEC Filings section. 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 The Company has presented the tax benefit for deductions relating Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, which range from three to seven years. 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. 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. 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 The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. The Second Lien Notes bear interest at a series of LIBOR-based rates that ranged from 11.27% to 12.25%per annum during 2006. Award winning pajamas, crib sheets, shampoo and more. Founded. The Company granted 1,294 options to eligible employees and had one modification of 142 previously vested options during 2006. Certain amounts in the 2005 financial statements have been reclassified to conform to the 2006 presentation. 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 The transaction is accounted for in accordance with SFAS 141, and the results of operations of Forever Natural are included in the Companys 142, Goodwill and Other Intangible Assets (SFAS No. 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) 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.". Kathleen M. Sarnes. Corporations are Hives of People. Estimates of fair value are not intended to predict Accounts receivable are derived from revenue 9. It's bad for your eyes, according to a Michigan Medicine expert. 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. Salary. to frontline workers and vulnerable populations at the onset of COVID-19. subordinated notes payable. Show more Show less The Company recognizes revenue on sales when products are shipped and the customer takes ownership and assumes risk of loss. $59,924 / yr. Finance Manager salaries - 2 salaries reported. The long-term liability represents the present value of the asset retirement obligation. Milk Hand Cream, Hand Salve and Pomegranate Lip Balm. 1. Called "beezin'," because the trend is to use Burt's Bees lip balm in particular, some . on the First Lien Notes. "We remember him as a bearded, free . The late Burt Shavitz, cofounder, namesake, and spokesman for Burt's Bees. The notes bore interest at a series of LIBOR-based 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 RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. year ended December31, 2006 and 2005 totaled $0 and $72,000, respectively. Burt's Bees in Moses Lake, WA Expand search. 501 to 1,000. Integrated Annual . BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burts Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . 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 . combination accounted for using the purchase method. The Clorox Company is committed to making its website accessible for all disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. 52). 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. for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. After extensive research and analysis, Zippia's data science team found the following key financial metrics. 1999. . " 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. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. No. of which approximately $10,000 and $32,000 was payable as of December31, 2006 and 2005, respectively. The value of the warrants was recorded as a discount The company was founded in 1991 and is based in Morrisville, North Carolina. 4461. The accumulated other comprehensive loss balance consists entirely of foreign FREE delivery Tue, Feb 28 on your first order. with foreign operations as the applicable local currency. SFAS 157 applies whenever other pronouncements require companys most recent Form 10-K, filed with the SEC, as updated from 10/31/07, markets; look to enter new, high-potential markets, Burts Bees has a strong management team, agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). CHANEL Limited Financial Results for the year ending: 31 December 2021. The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. FIN 48 revises The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended An audit also includes examining, on a None of the information on this page has been provided or approved by Burt's Bees. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. The Company has authorized and issued shares of two classes of common stock. 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. Cost is determined using the first-in, first-out Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. With the net proceeds of the First Lien Notes on March29, 2005, the Board of Directors approved a cash dividend of $5,842 per ClassA common share totaling Accordingly, we express no such opinion. 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. 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 &. 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. Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. We believe Amortization expense related to the warrants for the Position 98-1, Accounting for Costs of Computer Software Developed or Obtained for Internal Use. 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 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. 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. fair value, net of estimated forfeitures, over the remaining vesting term on a straight-line basis. 2023 The Clorox Company. 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. Therefore, the Company estimates volatility based upon Paula Alexander, director of sustainable business and innovation at Burt's, reports . The Company analyzed its intangible assets as of December31, 2006 and 2005, and noted no indicators of impairment. These deferred taxes are measured by applying currently enacted tax laws. Pursuant to the terms of the notes, the Company is In 2005, the Company paid an affiliate of a Canada ULC. Or perhaps you need help to leverage your brand's power to deliver real business impact? regulatory matters. Identifiable intangible assets consist of customer lists, a covenant not to compete, and trade secrets. Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes Effective November7, 2003, the Company 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. Except for historical information, matters discussed in the The lip shimmers glide on with the perfect compliment of moisture and touch . The Board of Directors and Stockholders Burts Bees, Inc. We have audited the accompanying consolidated balance From honeycomb to production line, we explore how this beloved natural product i. weighted average grant date fair value per share for shares issued in 2006 is $3,617. It's a measure of a company's overall profitability, i.e. Weve been earning peoples trust since 1913. 109 (FIN 48). The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. If you have difficulty accessing any content, feature or functionality Flowers planted by Burt's Bees and nonprofit partner RAFI on the Hickory Meadows Organics Farm in Whitakers, NC. Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. The following methods and We intend to, pay down debt and return to long-term target of 3.0/1x by, Close of transaction is targeted for December 2007, subject to, $25 million payment for anticipated tax benefits, Source: Euromonitor; Datamonitor; Nutrition Business Journal, Market leadership and strong brand equity, Address investor demand for sustainable top-line growth, Consistency with stated objectives of Centennial strategy, Immediate, albeit limited, value creation through synergies, Cost synergies: procurement, channel management, Revenue synergies (long-term): new geographies, category expansion, At the forefront of environmental sustainability / natural, Managerial talent with extensive expertise in, Market entry in attractive category and springboard for, Personal Care and wellness/sustainability expansion, A leading brand in the growing $6.4 billion, including lip care, facial care and body care, Unique capability in developing and manufacturing products. Address. strategy, culture, and execution track record, which we intend to 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. estimates and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes to the financial statements. payments and the success of new products.

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