10-Q Filing

TEAVANA HOLDINGS INC CIK: 1314592 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-386634`
Period End Date	20120731
Filing Date	20120910
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	tea-20120729.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 62 Cash Flow Statement 64 Stockholders Equity 14

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	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
Common stock, shares issued	`CommonStockSharesIssued`	38.59M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.28M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$716.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.82M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.63M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.28M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.59M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.44M	USD	Point-in-time
Inventory	`InventoryNet`	$25.68M	USD	Point-in-time
Inventory	`InventoryNet`	$24.86M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.16M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$59.53M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.22M	USD	Point-in-time
Goodwill	`Goodwill`	$2.39M	USD	Point-in-time
Goodwill	`Goodwill`	$20.58M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$775.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$729.00K	USD	Point-in-time
Total assets	`Assets`	$95.62M	USD	Point-in-time
Total assets	`Assets`	$117.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.90M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.82M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.42M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.57M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$12.90M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$15.40M	USD	Point-in-time
Deferred tax liability, non-current	`DeferredTaxLiabilitiesNoncurrent`	$2.67M	USD	Point-in-time
Deferred tax liability, non-current	`DeferredTaxLiabilitiesNoncurrent`	$2.57M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$9.53M	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$575.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$748.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$16.05M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$28.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$44.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.62M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.00003 par value; 100,000,000 shares authorized as of July 29, 2012 and January 29, 2012; 38,586,125 shares and 38,281,836 shares issued and outstanding as of July 29, 2012 and January 29, 2012, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $.00003 par value; 100,000,000 shares authorized as of July 29, 2012 and January 29, 2012; 38,586,125 shares and 38,281,836 shares issued and outstanding as of July 29, 2012 and January 29, 2012, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$276.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$279.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-206.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-209.79M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossGross`	$11.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossGross`	$484.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$73.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$67.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$95.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$117.88M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$43.08M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$31.31M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$87.40M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$66.25M	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`	$17.87M	USD	1 Quarter
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$33.77M	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$24.64M	USD	2 Qtrs
Gross profit	`GrossProfit`	$53.63M	USD	2 Qtrs
Gross profit	`GrossProfit`	$25.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.62M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$43.81M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$15.37M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$23.02M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$30.12M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.17M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.43M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.94M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.70M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.79M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.88M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$132.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.43M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$742.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$203.00K	USD	2 Qtrs
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-114.00K	USD	1 Quarter
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.59M	USD	1 Quarter
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.67M	USD	2 Qtrs
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.36M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.32M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$559.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$1.03M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$4.35M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$3.35M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-146.00K	USD	1 Quarter
Net gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$473.00K	USD	2 Qtrs
Net gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$447.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.83M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$301.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.35M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.12	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.76M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.43M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.54M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.54M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.78M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.12M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-146.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.17M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.43M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.94M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.70M	USD	2 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$1.28M	USD	2 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$46.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$27.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$63.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$521.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$258.00K	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.00M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-61.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-99.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.01M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.30M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.40M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.79M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.16M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.65M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.81M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.26M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$3.62M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$2.50M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.02M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$361.00K	USD	2 Qtrs
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-311.00K	USD	2 Qtrs
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.27M	USD	2 Qtrs
Cash paid for Teaopia Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$26.97M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.85M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.18M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.15M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.85M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$98.20M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$74.34M	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$88.67M	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$69.98M	USD	2 Qtrs
Payment of initial public offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	$1.11M	USD	2 Qtrs
Cash paid for financing costs	`PaymentsOfFinancingCosts`	$15.00K	USD	2 Qtrs
Cash paid for financing costs	`PaymentsOfFinancingCosts`	$433.00K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$395.00K	USD	2 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.00M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$65.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.91M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.88M	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents:	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-130.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.28M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.10M	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`	$716.00K	USD	Point-in-time
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$17.82M	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`	$716.00K	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$17.82M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$126.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$121.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$9.51M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$4.31M	USD	2 Qtrs
Non-cash change in fair value of Class B redeemable common stock	`NonCashChangeInFairValueOfClassBRedeemableCommonStock`	$172.55M	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$73.74M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$67.00M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-146.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$473.00K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$447.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$521.00K	USD	2 Qtrs
Stock issued for stock option exercises (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	304,289.00	shares	2 Qtrs
Stock issued for stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$395.00K	USD	2 Qtrs
Excess tax benefit from stock option exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$2.00M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$73.74M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$67.00M	USD	Point-in-time

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