XML 65 R47.htm IDEA: XBRL DOCUMENT
v3.23.4

SUCCESSOR CONDENSED FINANCIAL INFORMATION OF WALDENCAST PLC (PARENT COMPANY ONLY) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet | The following condensed financial statements have been presented on a “parent-only” basis. Under a parent-only presentation, Waldencast plc’s investment in its subsidiaries is presented under the equity method of accounting.
WALDENCAST PLC (PARENT COMPANY ONLY) CONDENSED BALANCE SHEET |
(In thousands of U.S. dollars, except share and per share data) |
| As of December 31, 2022
ASSETS |
CURRENT ASSETS: |
Cash and cash equivalents | $ | 3,215 |
Total current assets | 3,215 |
Investment in subsidiary | 823,936 |
TOTAL ASSETS | $ | 827,151 |
LIABILITIES AND SHAREHOLDERS' EQUITY |
CURRENT LIABILITIES: |
Intercompany payables | 8,942 |
Derivative warrant liabilities | 18,311 |
TOTAL LIABILITIES | $ | 27,253 |
SHAREHOLDERS’ EQUITY: |
Successor Class A ordinary shares, $0.0001 par value, 1,000,000,000 shares authorized; and 86,460,560 outstanding as of December 31, 2022 | 8 |
Successor Class B ordinary shares, $0.0001 par value, 1,000,000,000 shares authorized; and 21,104,225 outstanding as of December 31, 2022 | 2 |
Additional paid-in capital | 796,038 |
Accumulated deficit | (156,780) |
Accumulated other comprehensive income (loss) | (29) |
TOTAL CONTROLLING SHAREHOLDERS’ EQUITY | 639,239 |
Noncontrolling Interest | 160,659 |
TOTAL SHAREHOLDERS’ EQUITY | $ | 799,898 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 827,151 |
Condensed Statement of Operations |
WALDENCAST PLC (PARENT COMPANY ONLY) CONDENSED STATEMENT OF OPERATIONS
(In thousands of U.S. dollars, except share and per share data)
| For the period from July 28 to December 31, 2022 |  |  |  |
Net revenue | — |  |  |  |  |
Selling, general and administrative | — |  |  |  |  |
Total operating income | — |  |  |  |  |
Other income: |  |  |  |  |
Interest income, net | 19 |  |  |  |  |
Change in fair value of derivative warrant liabilities | 6,793 |  |  |  |  |
Income before income taxes | 6,812 |  |  |  |  |
Income tax benefit | — |  |  |  |  |
Income before equity in undistributed earnings of subsidiaries | 6,812 |  |  |  |  |
Equity in undistributed earnings of subsidiaries | (102,379) |  |  |  |  |
Net loss | (95,567) |  |  |  |  |
Other comprehensive (loss) income — foreign currency translation adjustments, net of tax | (29) |  |  |  |  |
Comprehensive loss | (95,596) |  |  |  |  |
Condensed Statement of Cash Flow |
WALDENCAST PLC (PARENT COMPANY ONLY) CONDENSED STATEMENT OF CASH FLOW
(In thousands of U.S. dollars)
| Period from July 28 to December 31, 2022 |  |  |  |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net loss | $ | (95,567) |  |  |  |  |
Adjustments to reconcile net loss to net cash |  |  |  |  |
Cash (used in) provided by operating activities: |  |  |  |  |
Equity in income of subsidiaries | 102,379 |  |  |  |  |
Change in fair value of derivative warrant liabilities | (6,793) |  |  |  |  |
Net cash provided by operating activities | 19 |  |  |  |  |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Proceeds from trust | 6,400 |  |  |  |  |
Net cash provided by investing activities | 6,400 |  |  |  |  |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Transfers from subsidiaries | 6,000 |  |  |  |  |
Transfers to subsidiaries | (300) |  |  |  |  |
Expenses paid on behalf of subsidiaries | (8,982) |  |  |  |  |
Net cash used in financing activities | (3,282) |  |  |  |  |
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 3,137 |  |  |  |  |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period | 78 |  |  |  |  |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - end of period | $ | 3,215 |  |  |  |  |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration