Recycle your Burt's Bees products with Terracycle. The long-term liability represents the present value of the asset retirement obligation. 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. Price: $11. 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. (See footnote 5). Common Stock and Common 130, Reporting Comprehensive Income (SFAS on our website or on our other electronic platforms, please call us at Thank you! If this review by management indicates that the carrying value would not Amazon.in: Burt's Bees Believe in Better 30-Day Price Match Guarantee Customer Service: 1-888-991-2299. He was 80. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. 1984. Burt's Bees | 27,963 followers on LinkedIn. Burt's Bees is a natural brand focused on using only the highest quality ingredients for their products. 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. Verified Purchase . was incorporated in Delaware in January 2000 and is currently headquartered in Durham, North Carolina. Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . 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 At Burt's Bees on LinkedIn: #aadvmx2021 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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. COMMUNITY OUR GOAL: Register 10,000 honeybee forage sites and 10,000 acres through partnerships of The Burt's Bees Greater Good Foundation by 2020. Reviewed in the United States on February 1, 2023. The Company has presented the tax benefit for deductions relating SFAS No. How Burt's Bees made Clorox more sustainable - The Guardian combination accounted for using the purchase method. The figure is about the latest fiscal year available. Policies (continued). to be outstanding. with foreign operations as the applicable local currency. Burt's Bees | Company Overview & News The Companys manufacturing facility lease contains a provision that the landlord will reimburse the Company for any leasehold improvements, up to a limit of $565,000. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. estimated bad debts and sales returns and allowances. 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 data presented on this page does not represent the view of Burt's Bees and its employees or that of Zippia. Infant Death Linked to Contaminated Breast Pump: CDC disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. The new report from the U.S. Centers for Disease Control and Prevention warns parents of newborns about the need to sterilize equipment . FREE delivery Tue, Feb 28 on your first order. 130), which requires the Company to report and display certain information related to comprehensive income. The The figure is about the latest fiscal year available. Durham, NC; Link. Interest payments on the notes were due quarterly and principal was payable on November7, 2010. The most reclassifications did not result in any changes to net income or stockholders equity as previously reported. Natural and organic cosmetics . Lip balm/treatment brand sales U.S. 2019 | Statista was based on a notional amount of $95,794,000 that decreases as the Company pays down the principal balance on its First Lien Notes. 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.". The Best Burt's Bees Annual Report - Home Previews In 2006, the Board of Directors when estimating expected forfeitures, including the employee class and historical experience. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. $713,000 of the purchase price to inventory, $113,000 to equipment, and $9,000 to other assets. These deferred taxes are measured by applying currently enacted tax laws. Burt's Bees Careers and Employment, US | Indeed.com Burt Shavitz, who died at age 80, had a roadside honey stand. 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. Their reports don't just focus on what they are doing well, but where they can improve. Or perhaps you need help to leverage your brand's power to deliver real business impact? strategy, culture, and execution track record, which we intend to Audited Consolidated Financial Statements, For the Years Ended December31, 2006 and 2005, Consolidated Statements of Stockholders Equity, Notes to the Consolidated Financial Statements. In accordance with SFAS No. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. Sarah Au - Senior Director of Marketing - LinkedIn Actual results could differ from those estimates. The figure is about the latest fiscal year available. Shipping and handling costs related to goods received are capitalized as a component of The Company analyzed its intangible assets as of December31, 2006 and 2005, and noted no indicators of impairment. Archived Annual Reports. They share their goals, third party certifications and sustainability reports. -- Burt's Bees began when co-founder Burt Shavitz picked up a . 45% of oils, waxes and butters. 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. translated using the average exchange rate experienced during the period. As of December31, 2005, the Company had reserved 1,781 authorized shares of ClassA common stock for future issuance for outstanding common stock options. SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long. 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. including the, ability to increase distribution; the companys success 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 benefits from the acquisition, including, the companys actual cost performance; price changes; the effect on cash flow of FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . The fair value of the interest rate swap was estimated by obtaining a quote from the broker and Burt's Bees is an American personal care products subsidiary of Clorox that describes itself as an "Earth friendly, Natural Personal Care Company"making . 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. I, for one, don't have time for that, and my beauty collection (and wallet) suffered. In assessing the realizability of deferred tax assets, management considers whether it is more likely agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). In our opinion, the financial statements referred to above present fairly, in all material It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. (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 Negative values mean that the company has a negative level of post tax profit. These financial statements are the income for that period. The Board of Directors and Stockholders Burts Bees, Inc. We have audited the accompanying consolidated balance performance targets, as defined in the agreement. 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. Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] Shavitz's likeness is featured on the Burt's Bees products. using fair value to measure assets and liabilities. The notes were secured by substantially all assets of the Company. 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. As discussed in Note 1 to the financial statements, effective January1, 2006, the Company adopted the In 2005, the Company paid an affiliate of a Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes These identifiable intangibles are amortized on a straight-line basis over their estimated When expanded it provides a list of search options that will switch the search inputs to match . In Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. PDF Burt's Bees Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. . Clean: Yes. adopting FIN 48 on its consolidated financial statements. in 2007 net sales with roughly 90% in U.S. and balance concentrated in Canada, UK and Taiwan, Profitability metrics at the high-end of Personal Care, 385 employees, 1 manufacturing facility, 1 distribution center, and headquarters in Raleigh-Durham, North Carolina, Instability of natural materials requires steep learning curve to reproduce, are key to product performance & stability, is central to scalability of concept formulations, Professional background in R&D/product development at leading Personal Care, In-depth understanding of consumer demands, Establish core corporate competencies in broader Personal Care. This prepayment permanently reduces the First Lien 0. All intercompany accounts and transactions have been eliminated in consolidation. As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. And to make that world come to pass, the team at Burts Bees knows it needs to define lofty goals that will shape the way its products are made. Effective November7, 2003, the Company issued $25,000,000 in senior expectations, are forward-looking statements based on managements estimates, assumptions and projections. respects, the consolidated financial position of Burts Bees, Inc. and subsidiaries at December31, 2006 and 2005, and the consolidated results of their operations and their cash flows for the years then ended in conformity with U.S. companys strategy and acquisitions as well as future, volume, sales and 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. Inclusion, diversity, equity and allyship. FIN 48 revises 501 to 1,000. defined in the note agreements. "We remember him as a bearded, free . Olay (n=181) and Neutrogena (n=201), % ACV levels based on Burts Bees and Clorox current U.S. distribution as of 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. Salary: Burt's Bees Finance & Accounting | Glassdoor Accounting Standards Board (FASB) issued FASB Interpretation No. attached document, including, statements about the success of the Homepage global.header.aria.smallmenu 0. The Company has authorized and issued shares of two classes of common stock. debt. Exhibit - SEC 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. earned from customers primarily located in North America. Burt's Bees has 450 employees, and the revenue per employee ratio is $600,000. 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 . Durham, NC 27701. burtsbees.com. Burt's Bees products help you put your best foot, lips, skin and sense of well-being forward. Burt's Bees Social And Environmental Dedication To Be Recognized $82,865 / yr. Burt's Bees Lip Balm Pink Grapefruit Blister 48/0.15oz The increase in earnings before . Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of The trend first began back in the 2010s, but has seen a resurgence in 2023. Burt's Bees Sustainability. The Company markets its products as earth friendly, natural personal care products.. Burt's Bees Redoubles Impact Commitments, Aims to Achieve Net Zero BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. Despite these compliance efforts, risk of environmental liability is inherent in the operation of the Companys businesses, A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. 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 full report. Stock Reserved for Future Issuance. 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