Burt's Bees Sustainability | PDF | Sustainability | Energy And - Scribd The plan is available to employees the first of the following month after three months of service. Except for historical information, matters discussed in the No. Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] In fiscal year 2016, we acquired the Renew Life line of probiotics, cleanses and digestive aids, giving us the Burt's Bees Revenue: Annual, Quarterly, and Historic - Zippia Company issued $25,000,000 in second lien senior secured notes (Second Lien Notes). Called "beezin'," because the trend is to use Burt's Bees lip balm in particular, some . The Board of Directors and Stockholders Burts Bees, Inc. We have audited the accompanying consolidated balance Plaintiff Perry Bruno claims Burt's Bees mislabels some of its lip cosmetics products as "100% natural," arguing the representation is false . Our responsibility is to express an opinion on these financial statements based on our audits. View Burt's Bees (www.burtsbees.com) location in North Carolina, United States , revenue, industry and description. When the brand set these sustainability goals more than five years ago, they were ambitious. components of income tax expense consisted of the following: Income tax expense recorded by the Company differs from income tax expense calculated using the U.S. federal Cost is determined using the first-in, first-out He is a quiet curmudgeon who dislikes middle-class comforts, enjoys solitude and forgoes nearly all technology. Today, theyre simply how Burts Bees works. conducted our audits in accordance with auditing standards generally accepted in the United States. years from the date of grant. The Company capitalizes software development costs related to internal use software in accordance with AICPA Statement of In 2006, two customers each represented approximately 16% of total revenue, and in 2005, a single Personal Care market was $62 billion in 2006, with historical growth rate of 3.2% Shipping and handling costs related to goods received are capitalized as a component of Amortization for the year ended December31, 2005 totaled $72,000. 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 The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. 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). In accordance with SFAS No. The Company contributed $321,000 and $137,000 for $217,000 and $206,000 as of December31, 2006 and 2005, respectively. We are CarbonNeutral certified. Annual sales reached $8.2 million in 1998. 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. But not this time, as Burt's Bees actually saw sales decrease by double digits with the business "impacted by . income for that period. 1. 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. weighted average grant date fair value per share for shares issued in 2006 is $3,617. 4 Count. On August18, 2006, the Company acquired substantially all of the assets of Forever Natural, Inc., an unaffiliated international distributor for products 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. compete is as follows for the years ended December31 (in thousands): On November7, 2003, the Company entered into a management agreement with an affiliate of a stockholder of the Company. This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. to frontline workers and vulnerable populations at the onset of COVID-19. And sometimes, what you measure, you become. on our website or on our other electronic platforms, please call us at The Company is currently evaluating the impact SFAS 157 will have on its consolidated financial Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. Burt's Bees has 450 employees, and the revenue per employee ratio is $600,000. Burts Bees 100% Natural Moisturizing Lip Balm, Original Beeswax with Vitamin E & Peppermint Oil4 Tubes (Packaging May Vary), Burts Bees Mama Bee Belly Butter, Fragrance Free Lotion, 6.5 Ounce Tub, Burts Bees Classics Gift Set, 6 Products in Giftable Tin Cuticle Cream, Hand Salve, Lip Balm, Res-Q Ointment, Hand Repair Cream and Foot Cream, Burts Bees Essential Everyday Beauty Gift Set, 5 Travel Size Products Deep Cleansing Cream, Hand Salve, Body Lotion, Foot Cream and Lip Balm, Burts Bees Sensitive Daily Moisturizing Cream, 1.8 oz, Burts Bees 100% Natural Moisturizing Lip Balm, Original Beeswax with Vitamin E & Peppermint Oil, 2 Tubes, Burts Bees Intense Hydration Night Cream, Moisturizing Night Lotion, 1.8 Ounces, Burts Bees Tips and Toes Kit Holiday Gift Set, 6 Travel Size Products in Gift Box 2 Hand Creams, Foot Cream, Cuticle Cream, Hand Salve and Lip Balm, Burts Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes 2 Pack, Burts Bees 100% Natural Moisturizing Lip Balm, Multipack Original Beeswax, Coconut & Pear, Vanilla Bean, Mango & Wild Cherry with Beeswax & Fruit Extracts 6 Tubes, Top 10 Neutrogena Acne Prone Facial Bar Reviews, Top 10 Pampers Baby Dry Sensitive Size 6 Prime, Top 10 Revlon Facial Hair Trimmer For Women, LIP CARE: Bursting with minty freshness, refresh and renew your lips with Burts Bees Beeswax Moisturizing Lip Balm. 130), which requires the Company to report and display certain information related to comprehensive income. Advertising and promotional expenses totaled $9,718,000 and $11,230,000 Burt's Bees Sustainability. FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. 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 . 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. Stock Reserved for Future Issuance. . Durham, NC 27701. burtsbees.com. 20,000+ livelihoods impacted None of the information on this page has been provided or approved by Burt's Bees. 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. 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 appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. 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. In 2005, the Company amended the plan whereby the Company will match 100% of the first 3% and 50% of the next 2% of the employee Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. The Company accounts 142. Pursuant to the terms of the notes, the Company is Burt's Bees Global HQ Mural in Durham, NC - The Good of the Hive <style>.fallback-nojs { display: flex; flex-direction: column; justify-content: center; align-items: center; text-align: center; } .fallback-nojs a { color . 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. Document Information click to expand document information. generally accepted accounting principles. we purchase directly traced to origin and verified with on-site visits. How Burt's Bees Lip Balm Is Made | How Stuff Is Made - YouTube A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. Durham, NC. Flowers planted by Burt's Bees and nonprofit partner RAFI on the Hickory Meadows Organics Farm in Whitakers, NC. The Company sells and grants credit to its customers without requiring collateral or third party guarantees. increased the amount of authorized ClassA shares reserved to 2,681. 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. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. Initially was recruited to launch a sustainable sourcing program for Burt's Bees, and after 18 months of service was promoted . 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 value of the warrants was recorded as a discount when estimating expected forfeitures, including the employee class and historical experience. an alternative method. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. Our commitments to social and environmental sustainability. From a beekeeper's backyard in Maine to the leading edge of natural, Burt's Bees knows natural body care solutions from head-to-toe and operates with The Greater Good top of mind. The Company has authorized and issued shares of two classes of common stock. Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). Responsible for planning and execution of booth and managing attendees for past shows. 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 . 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. . 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. Milk Hand Cream, Hand Salve and Pomegranate Lip Balm. Investors - Financial Information - Annual Reports - Clorox Burt's Bees Financials | Fashionbi 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 ClassA common stock has voting It's a measure of a company's overall profitability, i.e. The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. These financial statements are the agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). Salary. 31 December 2019. rates that ranged from 5.31% to 5.52%per annum during 2005. Burt's Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes - 2 Pack. The figure is about the latest fiscal year available. Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information Company recorded the remaining unamortized warrant discount totaling $1,604,000 as a component of interest expense in 2005. 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. The Company Case Study: Burt's Bees | Bazaarvoice Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in Essay on Burt's Bees annual report. The value given is the amount of sales needed to generate one currency unit of post tax profit. 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 Burt's Bees in Moses Lake, WA Expand search. Negative values mean that the company has a negative level of post tax profit. 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 . 141, Business Combinations . -- Burt's Bees began when co-founder Burt Shavitz picked up a . Burts Bees - Boots The Company also recorded deferred rent totaling $550,000 for this lease incentive that is being amortized on a straight line basis over the remaining lease term. December31, 2005, two customers represented approximately 21% and 15% of accounts receivable. 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. 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. 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. Show more Show less 142). UNSCENTED LOTION: This fragrance free belly butter gently and safely moisturizes as your belly and skin stretch during pregnancy. Collections of travel-sized samples introduced in mid-1998 became instant best sellers. December31, 2006 and 2005, related to this management agreement. including the, ability to increase distribution; the companys success In 2005, the Company amended one Important factors that could cause results to As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . clx-20200630_d2 - SEC 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. 130, Reporting Comprehensive Income (SFAS and such amounts recognized for income tax purposes. Accounts receivable are derived from revenue The accumulated other comprehensive loss balance consists entirely of foreign directly, comparable GAAP financial measures and reconciliation to 1-800-227-1860 so that we can provide you access through 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. The company may also use non-GAAP financial measures, which could differ from, reported results using Generally Accepted Accounting Principles (GAAP). Amazon.ca: Burt's Bees 1984. In the years ended December31, 2006 and 2005, respectively. method for all inventories. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, which range from three to seven years. On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the These notes were repaid on March29, Burt's Bees: Are they Greenwashing? - Sustainably Savvy 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. $170 million (est.) Sales are recorded net of an estimated 31 December 2020. The notes bore interest at a series of LIBOR-based calculations, as defined in the agreement. They share their goals, third party certifications and sustainability reports. misstatement. NATURAL SKIN CARE: This lotion for moms to be is non-irritating and 99% natural formulated without phthalates, parabens, petrolatum, or SLS. companys most recent Form 10-K, filed with the SEC, as updated from Essay on Burt's Bees annual report. (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 had not been placed into service as of year end. The valuation allowance is charged to the provision for inventory which is a Revenue. 52). 123(R), Share-Based Payments (SFAS 123(R)), and related guidance. 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 . At But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . 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 &. These deferred taxes are measured by applying currently enacted tax laws. 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. In 2006, $31,000 of tax benefits were reported as a financing activity. 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. 9. 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. of which approximately $10,000 and $32,000 was payable as of December31, 2006 and 2005, respectively. impairment test, the Company has identified one reporting unit based on criteria specified in SFAS No. When the brand set these sustainability goals more than five years ago, they were ambitious. Company size. Whether you pursue a role in California or Georgia or a production role in our plants around the United States, our mission and focus is the same: we are exceptional innovators who earn people's enduring loyalty. be recoverable, as determined based on an analysis of estimated undiscounted cash flows, the Company would determine the impairment based on the excess of the book value over the estimated fair value determined using discounted cash flows and reduce The Company granted 1,294 options to eligible employees and had one modification of 142 previously vested options during 2006. It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. Investor Contact (510) 271-7767. investorrelations@clorox.com. 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 data presented on this page does not represent the view of Burt's Bees and its employees or that of Zippia. For the 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. Amortization expense related to the warrants for the Description: Essay on Burt's Bees annual report. These identifiable intangibles are amortized on a straight-line basis over their estimated It's a key measure of success. Burt's Bees | LinkedIn 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.