LIP CARE: Add a hint of sheer, pretty red color with Burts Bees Red Dahlia tinted lip balm for a natural, everyday look, MOISTURIZER: Hydrate and sooth dry lips with naturally moisturizing Shea butter and botanical waxes, LONG LASTING: Just one swipe of this conditioning lip balm leaves your lips smooth and nourished for up to 8 hours, ALL NATURAL: Enriched with 100% natural ingredients, this Burts Bees lip balm is formulated without parabens, phthalates, petrolatum or SLS, TINTED LIP BALM: Let this fabulously flattering shade enhance your natural lip and add a smooch of color, LIP CARE: Renew your lips with Burts Bees Moisturizing Lip Balm in six naturally nourishing flavors: Original Beeswax, Coconut &, Pear, Vanilla Bean, Mango and Wild Cherry, MOISTURIZER: Hydrate and sooth dry lips with Beeswax and powerful fruit extracts packed into every tube of Burts Bees lip balm, LIP BALM 6 PACK: Whether youre looking for the refreshing tingle of Original Beeswax or a pop of fruity flavor, Burts Bees knows how to naturally beautify and revitalize your lips. "We remember him as a bearded, free . (See footnote 5). Our People; Focused on delivering long-term investor returns through a committment to ESG. . What We Make How We Operate 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. Responsibility. non-GAAP financial measures, are set forth in the Form 10-K and its UNSCENTED LOTION: This fragrance free belly butter gently and safely moisturizes as your belly and skin stretch during pregnancy. Interest payments on the notes were due quarterly and principal was payable on November7, 2010. She moved to Maine, built a cabin in the woods . 142, Goodwill and Other Intangible Assets (SFAS No. Long-term debt consists of the following at December31: Effective March29, 2005, the Company amended and restated its bank credit should recognize, measure, present and disclose in its financial statements uncertain tax positions that the Company has taken or expects to take on a tax return (including a decision whether or not to file a return in a particular jurisdiction). Effective January1, 2006, the Company calculations, as defined in the agreement. The Company incurred debt issuance costs of $769,000 in connection with this issuance. Under the terms of this management agreement, the Company will pay this entity $750,000 per It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. The Company has a $15,000,000 revolving line of credit, collateralized by substantially all These factors include, but are not limited to, the completion of the . to the Senior Subordinated Notes Payable. The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. earned from customers primarily located in North America. Our responsibility is to express an opinion on these financial statements based on our audits. The Company incurred debt issuance costs of $2,241,000 in connection with these notes. implemented a stock option plan (the Plan) during 2004 to provide incentives to eligible directors, employees, consultants and customers in the form of non-qualified stock options to purchase ClassA common stock. The figure is about the latest fiscal year available. This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. The company may also use non-GAAP financial measures, which could differ from, reported results using Generally Accepted Accounting Principles (GAAP). Essay on Burt's Bees annual report. 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. when estimating expected forfeitures, including the employee class and historical experience. 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 (see exact revenue data). FRIDAY, March 3, 2023 (HealthDay News) -- Don't put lip balm on your eyelid, even if you saw it on TikTok. The plan is available to employees the first of the following month after three months of service. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. 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. Since then, the Company has grown rapidly and built a valuable, distinctive brand image among a large loyal customer base. View Burt's Bees (www.burtsbees.com) location in North Carolina, United States , revenue, industry and description. These deferred taxes are measured by applying currently enacted tax laws. (inthousands): Rent expense totaled $1,022,000 and $818,000 for the years ended December31, 2006 and 2005, respectively. 142. RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. 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 It's a key measure of success. Kathleen M. Sarnes. Burt's Bees Sustainability. 141, Business Combinations 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 2003, the Company issued warrants to purchase 308 shares of ClassA common stock at an exercise price of $.001 per share in connection with the issuance of the Senior Subordinated Notes Payable (Note 5). 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. Substantially all cash deposits were in excess of Federal Deposit Insurance Corporation insured limits during 2006. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. Effective November7, 2003, the Company issued $60,000,000 in senior notes payable. Unrealized gains or losses are recorded in earnings as incurred until As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. 4461. 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. debt. Investor Contact (510) 271-7767. investorrelations@clorox.com. No. Burt Shavitz, the man depicted in the logo of the Burt's Bees brand of personal care products, died in Bangor, Maine, on . Management reviews the carrying value of its identifiable intangible assets for recoverability if indicators of impairment arise. The Company monitors customers payment history and establishes reserves for 52, Foreign Currency Translation (SFAS No. Company size. Health and wellness is not only our past and present, it's our future. users, and will continue to take steps necessary to ensure compliance with applicable laws. actual future events or the value ultimately realized by employees who receive these awards, and subsequent events are not indicative of the reasonableness of the Companys original estimate of fair value. The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. Description: Essay on Burt's Bees annual report. 501 to 1,000. The Company accounts Paula Alexander, director of sustainable business and innovation at Burt's, reports . 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. The Clorox Company is committed to making its website accessible for all expectations, are forward-looking statements based on managements estimates, assumptions and projections. CHANEL Limited Financial Results for the year ending: 31 December 2021. 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. Report abuse. Today, theyre simply how Burts Bees works. 9. The company offers lip color products, such as lip gloss, lip shimmers, lip shine, tinted lip balms, and lip color bundles; and lip care products, including beeswax lip balms, lip balms, and lip treatment products. The Company amortizes the The accumulated other comprehensive loss balance consists entirely of foreign Represented Burt's Bees at Natural Products Expo West trade show. Responsible for planning and execution of booth and managing attendees for past shows. 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. Inclusion, diversity, equity and allyship. In accordance with SFAS No. The Company has recorded approximately $50,000 and $33,000 in accretion expense in The Company As discussed in Note 8, the 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). Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. Milk Hand Cream, Hand Salve and Pomegranate Lip Balm. method for all inventories. 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. We believe Integrated Annual . Except for historical information, matters discussed in the Pursuant to the terms of the notes, the Company is Burts Bees's Annual Report & Profile shows critical firmographic facts: operations only in the periods in which the recorded value of goodwill and certain intangibles exceeds its fair value. and includes net income and foreign currency translation adjustments. or permit assets or liabilities to be measured at fair value and, while not requiring new fair value measurements, may change current practices. The jersey knit allows for stretch for wider feet and the wrap-around . As of December31, 2006, the Companys interest rate swap ET. Burt's Bees >. At December31, 2006, 142). adopting FIN 48 on its consolidated financial statements. 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 << BACK TO WORK. is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. 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 . Shop the best for newborns, babies and toddlers. The notes are secured by Those, factors include, but We were not engaged to perform an audit of the Companys internal control over financial reporting. 1984. The Clorox Company doesn't provide the information on its shareholders. Future minimum lease payments, by year and in the aggregate, under operating leases with remaining terms of one year or more consisted of the following at December31, 2006 . Select Year. payments and the success of new products. financial institutions. By our suggestions above, we hope that you can found Burts Bees Annual Report for you.Please dont forget to share your experience by comment in this post. Our audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are Best for: Sensitive skin. The Company pays a quarterly commitment fee of 0.50% on the unused portion of the revolver. Common Stock and Common the years ended December31, 2006 and 2005, respectively. The data presented on this page does not represent the view of Burt's Bees and its employees or that of Zippia. As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. " 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. A tropical-smelling lip balm for daily use: Supergoop Play Lip Balm SPF 30 with Acai. 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. 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.
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