10-Q Filing

NU SKIN ENTERPRISES, INC. CIK: 1021561 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001140361-20-010880`
Period End Date	20200331
Filing Date	20200507
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	form10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 30 Cash Flow Statement 64 Stockholders Equity 22 Comprehensive Income 8

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$352.58M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$335.63M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Current investments	`ShortTermInvestments`	$8.41M	USD	Point-in-time
Current investments	`ShortTermInvestments`	$9.09M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	90.60M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	90.60M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.38M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$43.97M	USD	Point-in-time
Inventories, net	`InventoryNet`	$275.89M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	35.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$257.47M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	37.50M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$69.85M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$66.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$729.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$740.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$449.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$453.60M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$144.33M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$147.68M	USD	Point-in-time
Goodwill	`Goodwill`	$196.57M	USD	Point-in-time
Goodwill	`Goodwill`	$196.57M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$77.80M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$80.32M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$145.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$154.02M	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Total assets	`Assets`	$1.77B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.89M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$290.28M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$285.21M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$95.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$27.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$356.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$420.10M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$105.70M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$108.14M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$327.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$334.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$90.38M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$96.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$945.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$893.72M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock - 500 million shares authorized, $0.001 par value, 90.6 million shares issued	`CommonStockValue`	$91.00K	USD	Point-in-time
Class A common stock - 500 million shares authorized, $0.001 par value, 90.6 million shares issued	`CommonStockValue`	$91.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$557.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$557.92M	USD	Point-in-time
Treasury stock, at cost - 37.5 million and 35.0 million shares	`TreasuryStockValue`	$1.32B	USD	Point-in-time
Treasury stock, at cost - 37.5 million and 35.0 million shares	`TreasuryStockValue`	$1.38B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-100.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-85.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.73B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$800.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$875.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.77B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$518.03M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$623.62M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$125.79M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$146.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$392.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$476.96M	USD	1 Quarter
Selling expenses	`SellingExpense`	$206.04M	USD	1 Quarter
Selling expenses	`SellingExpense`	$249.71M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$158.60M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$149.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$355.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$408.31M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$68.65M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-6.17M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-2.85M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$65.81M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	55.44M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	55.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.13M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.10M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.61M	USD	1 Quarter
Foreign currency losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.18M	USD	1 Quarter
Foreign currency losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-458.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.46M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.04M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-2.29M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.67M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$963.00K	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortization`	$11.38M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortization`	$10.87M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.08M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.14M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$7.27M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-10.76M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-965.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.54M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$180.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$24.91M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.49M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.16M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-68.84M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$12.89M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.48M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.17M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.03M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.19M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.39M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.77M	USD	1 Quarter
Proceeds on investment sales	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$4.23M	USD	1 Quarter
Proceeds on investment sales	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$7.44M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$4.03M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$4.32M	USD	1 Quarter
Acquisitions and investments in equity investees	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	1 Quarter
Acquisitions and investments in equity investees	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$7.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.14M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.18M	USD	1 Quarter
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards	`ProceedsFromStockOptionsExercisedNetOfTaxesPaid`	$-2.16M	USD	1 Quarter
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards	`ProceedsFromStockOptionsExercisedNetOfTaxesPaid`	$-1.41M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$134.46M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Payment of cash dividends	`PaymentsOfDividendsCommonStock`	$20.69M	USD	1 Quarter
Payment of cash dividends	`PaymentsOfDividendsCommonStock`	$20.53M	USD	1 Quarter
Proceeds from debt	`ProceedsFromIssuanceOfLongTermDebt`	$105.00M	USD	1 Quarter
Proceeds from debt	`ProceedsFromIssuanceOfLongTermDebt`	$65.00M	USD	1 Quarter
Repurchases of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	$60.89M	USD	1 Quarter
Repurchases of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	$825.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.98M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-52.97M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-9.92M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$2.67M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.95M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-76.62M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$310.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$352.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$335.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$310.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$352.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$335.63M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Exercise of employee stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	100,000.00	shares	1 Quarter
Exercise of employee stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	200,000.00	shares	1 Quarter
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$875.29M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$781.87M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.20M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$800.50M	USD	Point-in-time
Net income	`NetIncomeLoss`	$19.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.14M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-15.00M	USD	1 Quarter
Repurchase of Class A common stock (Note 6)	`TreasuryStockValueAcquiredCostMethod`	$60.89M	USD	1 Quarter
Repurchase of Class A common stock (Note 6)	`TreasuryStockValueAcquiredCostMethod`	$825.00K	USD	1 Quarter
Exercise of employee stock options/vesting of stock awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-1.41M	USD	1 Quarter
Exercise of employee stock options/vesting of stock awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-2.16M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$5.04M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.46M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$20.53M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$20.69M	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$875.29M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$781.87M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.20M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$800.50M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.00M	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-145.00K	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-3.00K	USD	1 Quarter
Foreign currency translation adjustment, net of taxes of $(3) and $(145) for the three months ended March 31, 2020 and 2019, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.00M	USD	1 Quarter
Foreign currency translation adjustment, net of taxes of $(3) and $(145) for the three months ended March 31, 2020 and 2019, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.14M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.73M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$47.14M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.