10-Q Filing

TEAVANA HOLDINGS INC CIK: 1314592 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-246926`
Period End Date	20110731
Filing Date	20110913
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	tea-20110731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 56 Cash Flow Statement 56 Stockholders Equity 13

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Series A redeemable preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A redeemable preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A redeemable preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.68M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Series A redeemable preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.68M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.31M	USD	Point-in-time
Series A redeemable preferred stock, shares issued	`PreferredStockSharesIssued`	10.68M	shares	Point-in-time
Inventory	`InventoryNet`	$16.93M	USD	Point-in-time
Series A redeemable preferred stock, shares issued	`PreferredStockSharesIssued`	10.68M	shares	Point-in-time
Inventory	`InventoryNet`	$22.72M	USD	Point-in-time
Series A redeemable preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	10.68M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$9.47M	USD	Point-in-time
Series A redeemable preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	10.68M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$3.44M	USD	Point-in-time
Class B redeemable common stock, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.18M	USD	Point-in-time
Class B redeemable common stock, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.92M	USD	Point-in-time
Class B redeemable common stock, shares authorized	`TemporaryEquitySharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$30.19M	USD	Point-in-time
Class B redeemable common stock, shares authorized	`TemporaryEquitySharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$35.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.00M	USD	Point-in-time
Class B redeemable common stock, shares issued	`TemporaryEquitySharesIssued`	9.01M	shares	Point-in-time
Class B redeemable common stock, shares issued	`TemporaryEquitySharesIssued`	9.01M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.03M	USD	Point-in-time
Class B redeemable common stock, shares outstanding	`TemporaryEquitySharesOutstanding`	9.01M	shares	Point-in-time
Class B redeemable common stock, shares outstanding	`TemporaryEquitySharesOutstanding`	9.01M	shares	Point-in-time
Goodwill	`Goodwill`	$2.39M	USD	Point-in-time
Goodwill	`Goodwill`	$2.39M	USD	Point-in-time
Class A common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$513.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$693.00K	USD	Point-in-time
Class A common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Class A common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total assets	`Assets`	$64.13M	USD	Point-in-time
Total assets	`Assets`	$77.08M	USD	Point-in-time
Class A common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Class A common stock, shares issued	`CommonStockSharesIssued`	27.76M	shares	Point-in-time
Class A common stock, shares issued	`CommonStockSharesIssued`	27.74M	shares	Point-in-time
Class A common stock, shares outstanding	`CommonStockSharesOutstanding`	27.74M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.63M	USD	Point-in-time
Class A common stock, shares outstanding	`CommonStockSharesOutstanding`	27.76M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.81M	USD	Point-in-time
Series A Redeemable Preferred Stock, $.0001 par value; 10,683,333 shares authorized, issued and outstanding at July 31, 2011 and January 30, 2011	`RedeemablePreferredStockValue`	$12.99M	USD	Point-in-time
Series A Redeemable Preferred Stock, $.0001 par value; 10,683,333 shares authorized, issued and outstanding at July 31, 2011 and January 30, 2011	`RedeemablePreferredStockValue`	$14.22M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.87M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.83M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$11.14M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$7.52M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$5.36M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$945.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$19.50M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$9.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.33M	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 B Redeemable Common Stock, $.00003 par value; 50,000,000 shares authorized, 9,005,217 issued and outstanding at July 31, 2011 and January 30, 2011	`TemporaryEquityCarryingAmount`	$81.40M	USD	Point-in-time
Class B Redeemable Common Stock, $.00003 par value; 50,000,000 shares authorized, 9,005,217 issued and outstanding at July 31, 2011 and January 30, 2011	`TemporaryEquityCarryingAmount`	$253.95M	USD	Point-in-time
Class A Common Stock, $.00003 par value; 50,000,000 shares authorized, 27,758,129 shares and 27,744,243 issued and outstanding at July 31, 2011 and January 30, 2011	`CommonStockValue`	$1.00K	USD	Point-in-time
Class A Common Stock, $.00003 par value; 50,000,000 shares authorized, 27,758,129 shares and 27,744,243 issued and outstanding at July 31, 2011 and January 30, 2011	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-223.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.06M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-223.20M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-55.06M	USD	Point-in-time
Total liabilities, redeemable common stock and stockholders' deficit	`TotalLiabilitiesRedeemableCommonStockAndStockholdersDeficit`	$77.08M	USD	Point-in-time
Total liabilities, redeemable common stock and stockholders' deficit	`TotalLiabilitiesRedeemableCommonStockAndStockholdersDeficit`	$64.13M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$31.31M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$22.98M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$66.25M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$48.76M	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$24.64M	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$19.48M	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$12.19M	USD	1 Quarter
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$9.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.62M	USD	2 Qtrs
Gross profit	`GrossProfit`	$29.28M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$21.61M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$30.12M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.81M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$15.37M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.43M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.03M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.06M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.79M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.64M	USD	2 Qtrs
Interest expense, net	`InterestExpenseAndPreferredStockAccretion`	$742.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseAndPreferredStockAccretion`	$1.27M	USD	2 Qtrs
Interest expense, net	`InterestExpenseAndPreferredStockAccretion`	$1.43M	USD	2 Qtrs
Interest expense, net	`InterestExpenseAndPreferredStockAccretion`	$648.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.59M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.37M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.36M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.86M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$559.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$430.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$579.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.35M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.12	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.75M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.76M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.54M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.78M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$579.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.35M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.43M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.70M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.03M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.06M	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$1.28M	USD	2 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$1.14M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$63.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$68.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-99.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$875.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.79M	USD	2 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$-21.00K	USD	2 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$5.87M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-130.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.87M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.16M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-524.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.81M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.97M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRentReceivables`	$-996.00K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRentReceivables`	$-3.62M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$1.02M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-209.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-311.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-687.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.85M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.04M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.04M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.85M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$56.49M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$74.34M	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$52.08M	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$69.98M	USD	2 Qtrs
Payment of initial public offering costs	`PaymentsOfStockIssuanceCosts`	$1.11M	USD	2 Qtrs
Cash paid for financing costs	`PaymentsOfFinancingCosts`	$433.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$65.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.88M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.41M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.28M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.31M	USD	2 Qtrs
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$1.31M	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$1.31M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$126.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$116.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$9.51M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$7.90M	USD	2 Qtrs
Non-cash change in fair value of Class B Redeemable Common Stock	`NonCashChangeInFairValueOfClassBRedeemableCommonStock`	$28.04M	USD	2 Qtrs
Non-cash change in fair value of Class B Redeemable Common Stock	`NonCashChangeInFairValueOfClassBRedeemableCommonStock`	$172.55M	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityDeficitAndTemporaryEquity`	$-223.20M	USD	Point-in-time
Balance	`StockholdersEquityDeficitAndTemporaryEquity`	$-55.06M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$579.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.35M	USD	2 Qtrs
Change in fair value of class B redeemable common stock	`ChangeInFairValueOfClassBRedeemableCommonStock`	$-172.55M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$63.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$68.00K	USD	2 Qtrs
Repurchase of stock-based awards	`RepurchaseOfStockBasedAwards`	$-75.00K	USD	2 Qtrs
Other	`StockholdersEquityOther`	$65.00K	USD	2 Qtrs
Balance	`StockholdersEquityDeficitAndTemporaryEquity`	$-223.20M	USD	Point-in-time
Balance	`StockholdersEquityDeficitAndTemporaryEquity`	$-55.06M	USD	Point-in-time

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