← OneWater Marine Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net loss | $1.9m | $37.3m | $48.5m | $116.4m | $152.6m | ($39.1m) | ($6.2m) | ($116.2m) | |
| Net Income (Loss) Attributable to Parent | — | — | $17.4m |
$79.1m
+353.71%
|
$130.9m
+65.63%
|
($38.6m)
-129.47%
|
($5.7m)
+85.22%
|
($114.6m)
-1908.45%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $48.5m | $116.4m | $152.6m | ($39.1m) | ($6.2m) | ($116.2m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $350k | $37.4m | $3.0m | $3.8m | $119k | $0 | |
| Depreciation, Depletion and Amortization | $1.7m | $2.7m | $3.2m | $5.4m | $16.3m | $26.8m | $22.2m | $24.4m | |
| Depreciation, Depletion and Amortization | $1.7m | $2.7m | $3.2m | $5.4m | $16.3m | $26.8m | $22.2m | $24.4m | |
| Amortization of Debt Issuance Costs | — | — | $400k | $700k | $1.3m | $2.2m | $2.1m | $4.6m | |
| Amortization of Intangible Assets | — | — | — | — | $7.6m | $13.4m | $7.8m | $8.1m | |
| Depreciation | $1.7m | $2.7m | $3.2m | $5.4m | $8.8m | $13.4m | $14.3m | $16.4m | |
| Deferred Income Tax Expense (Benefit) | — | — | $509k | $3.7m | $5.7m | ($23.0m) | ($334k) | ($35.9m) | |
| Deferred income tax provision | $0 | $0 | $509k | $3.7m | $5.7m | ($23.0m) | ($334k) | ($35.9m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $2.2m | $5.7m | $10.0m | $9.0m | $8.4m | $10.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $802k | $1.6m | $2.0m | $2.6m | $1.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | $5.7m | $9.8m | $8.2m | $7.9m | $10.0m | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | $57.7m | $0 | $77.6m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $89.7m | — | $68.2m | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | $0 | $89.7m | $0 | $44.3m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | $0 | $23.9m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | $15.3m | — | |
| Restructuring and impairment | — | — | — | $0 | $0 | $147.4m | $539k | $145.8m | |
| Nonoperating Income (Expense) | — | — | ($23.6m) | ($6.7m) | ($22.0m) | ($60.6m) | ($71.2m) | ($66.1m) | |
| Other Nonoperating Income (Expense) | — | — | ($155k) | $248k | ($3.8m) | ($953k) | ($14k) | ($1.4m) | |
| Loss on equity investment | — | — | $0 | $0 | $1.2m | $446k | $198k | $61k | |
| Changes in operating assets and liabilities: | |||||||||
| Increase (Decrease) in Accounts Receivable | — | — | $3.2m | $9.5m | $3.7m | $10.1m | $1.5m | ($15.2m) | |
| Accounts receivable | ($4.7m) | ($2.3m) | ($3.2m) | ($9.5m) | ($3.7m) | ($10.1m) | ($1.5m) | $15.2m | |
| Increase (Decrease) in Inventories | — | — | ($127.2m) | ($25.3m) | $167.2m | $232.3m | ($24.6m) | ($47.9m) | |
| Inventories | ($39.9m) | ($39.0m) | $127.2m | $25.3m | ($167.2m) | ($232.3m) | $24.6m | $47.9m | |
| Increase (Decrease) in Accounts Payable | — | — | $7.2m | ($26k) | $6.4m | $197k | $233k | $11.7m | |
| Accounts payable | $11k | ($966k) | $7.2m | ($26k) | $6.4m | $197k | $233k | $11.7m | |
| Other payables and accrued expenses | $1.6m | $614k | $10.5m | $4.0m | $4.1m | ($7.6m) | ($13.4m) | ($4.0m) | |
| Accrued capital expenditures | — | — | $6.3m | $9.9m | $11.4m | $21.3m | $25.9m | $12.0m | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | ($221k) | ($36k) | ($298k) | |
| Prepaid expenses and other current assets | $111k | ($5.6m) | ($8.0m) | ($18.9m) | ($34.4m) | $10.3m | ($17.9m) | $32.1m | |
| Other assets | — | — | ($5k) | ($173k) | ($1.9m) | ($3.2m) | $4.6m | ($1.1m) | |
| Net Cash Provided by (Used in) Operating Activities | ($4.2m) |
($5.7m)
-34.71%
|
$212.5m
+3811.39%
|
$159.4m
-24.97%
|
$7.4m
-95.33%
|
($129.8m)
-1842.45%
|
$34.8m
+126.85%
|
$91.8m
+163.36%
|
|
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | $0 | $1.1m | $6.3m | $9.9m | $11.4m | $21.3m | $25.9m | $12.0m | |
| Proceeds from disposal of property and equipment | $0 | $73k | $1.6m | $233k | $345k | $567k | $757k | $416k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $0 | $107.5m | $459.5m | $28.9m | $5.7m | ($713k) | |
| Cash received (used) in acquisitions | ($13.8m) | ($19.4m) | $0 | ($107.5m) | ($459.5m) | ($28.9m) | ($5.7m) | $713k | |
| Net cash (used in) provided by investing activities | ($23.9m) | ($11.0m) | ($4.7m) | ($117.1m) | ($476.8m) | ($51.6m) | $13.3m | ($11.6m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($4.7m) | ($117.1m) | ($476.8m) | ($51.6m) | $13.3m | ($11.6m) | |
| Cash flows from financing activities: | |||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($6.6m) | $0 | ($356k) | $0 | $0 | — | |
| Repayments of Long-term Debt | — | — | $121.8m | $8.9m | $88.0m | $18.3m | $78.4m | $42.1m | |
| Proceeds from Issuance of Long-term Debt | — | — | $129.3m | $30.0m | $412.5m | $30.0m | $43.4m | $27.5m | |
| Net (payments) borrowings from floor plan | $35.4m | $24.4m | ($101.3m) | ($23.5m) | $152.9m | $219.7m | ($45.6m) | ($23.7m) | |
| Proceeds from long-term debt | $7.0m | $13.8m | $129.3m | $30.0m | $412.5m | $30.0m | $43.4m | $27.5m | |
| Payments on long-term debt | ($3.9m) | ($9.9m) | ($121.8m) | ($8.9m) | ($88.0m) | ($18.3m) | ($78.4m) | ($42.1m) | |
| Payments of debt issuance costs | ($662k) | ($203k) | ($3.9m) | ($701k) | ($9.1m) | $0 | ($2.2m) | ($935k) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $354k | $1.6m | $0 | $0 | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $1.0m | $0 | $0 | — | — | |
| Proceeds from Issuance of Common Stock | — | — | $8.1m | $0 | $0 | — | — | — | |
| Proceeds from issuance of Class A common stock as part of employee stock purchase plan | — | — | — | $0 | $0 | $2.1m | $1.5m | $1.2m | |
| Repurchase and retirement of Class A common stock | — | — | $0 | $0 | ($354k) | ($1.6m) | $0 | $0 | |
| Payments of Dividends | — | — | — | $1.0m | $0 | $0 | — | — | |
| Net cash (used in) provided by financing activities | $34.3m |
$12.5m
-63.63%
|
($151.1m)
-1313.23%
|
($36.5m)
+75.85%
|
$456.4m
+1350.52%
|
$213.7m
-53.17%
|
($114.1m)
-153.39%
|
($42.6m)
+62.66%
|
|
| Net Cash Provided by (Used in) Financing Activities | — | — | ($151.1m) |
($36.5m)
+75.85%
|
$456.4m
+1350.52%
|
$213.7m
-53.17%
|
($114.1m)
-153.39%
|
($42.6m)
+62.66%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($13.0m) | $32.4m | ($66.0m) | $37.5m | |
| Cash and restricted cash at beginning of period | $15.8m | $11.5m | $68.2m | $73.9m | $60.9m | $93.3m | $27.3m | $64.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $68.2m | $73.9m | $60.9m | $93.3m | $27.3m | $64.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | ($8k) | $9k | ($18k) | ($52k) | |
| Effects of exchange rate changes on cash and restricted cash | — | — | $0 | $0 | ($8k) | $9k | ($18k) | ($52k) | |
| Net change in cash and restricted cash | — | — | $56.7m | $5.8m | ($13.0m) | $32.4m | ($66.0m) | $37.5m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Supplemental disclosure of cash flow information: | |||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.9m | $12.5m | $17.2m | $6.3m | $14.6m | $49.5m | $76.0m | $61.0m | |
| Income Taxes Paid, Net | $0 | $0 | $246k | $28.5m | $35.2m | $23.3m | $5.5m | ($5.9m) | |
| Additional Financial Items | |||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | $1.2m | $446k | $198k | $61k | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $0 | $0 | $0 | $0 | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | $1.2m | $446k | $198k | $61k | |
| Gain (Loss) on Disposition of Assets | — | — | ($10k) | $94k | $135k | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | $2.6m | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | ($750k) | $0 | $0 | |
| Goodwill | — | — | $113.1m | $168.5m | $378.6m | $336.6m | $336.6m | $259.0m | |
| Income Tax Expense (Benefit) | — | — | $6.3m | $25.8m | $43.2m | ($3.4m) | ($157k) | ($35.3m) | |
| Equity-based compensation | $154k | $154k | $2.2m | $5.7m | $10.0m | $9.0m | $8.4m | $10.5m | |
| Loss on asset disposals | ($49k) | $1.4m | $10k | ($94k) | ($135k) | $221k | $36k | $298k | |
| Loss on disposal of a business | — | — | — | $0 | $0 | $750k | $0 | $0 | |
| Non-cash interest expense | $2.4m | $3.5m | $477k | $659k | $3.2m | $10.1m | $2.1m | $4.6m | |
| Change in fair value of contingent consideration | — | — | $5.5m | $2.9m | $10.4m | ($1.6m) | $1.8m | ($2.1m) | |
| Tax receivable agreement liability | — | — | $0 | $0 | ($67k) | ($3.2m) | ($2.6m) | ($2.8m) | |
| Customer deposits | ($482k) | ($450k) | $12.4m | $24.0m | $4.4m | ($14.8m) | $12.0m | ($38.9m) | |
| Cash used for additions to intangible assets | — | — | $0 | $0 | ($4.2m) | ($2.8m) | ($909k) | ($714k) | |
| Proceeds from disposal of a business | — | — | — | $0 | $0 | $788k | $45.1m | $0 | |
| Payments of contingent consideration | $0 | $0 | ($1.5m) | $0 | ($371k) | ($12.6m) | ($5.9m) | ($2.4m) | |
| Payments of tax withholdings for equity-based awards | — | $0 | $0 | ($802k) | ($1.6m) | ($2.0m) | ($2.6m) | ($1.8m) | |
| Distributions to members | ($3.3m) | ($11.1m) | ($18.9m) | ($5.0m) | ($9.5m) | ($3.6m) | ($5.4m) | ($275k) | |
| Purchase of non-controlling interest | — | — | — | — | $0 | $0 | ($18.8m) | $0 | |
| Acquisition purchase price funded by contingent consideration | $2.6m | $0 | $0 | $9.2m | $15.3m | $2.5m | $0 | $0 | |
| Acquisition purchase price funded by affiliate financing | — | — | — | $0 | $0 | $10.6m | $0 | $0 | |
| Settlement of affiliate financing with proceeds from sale and leaseback | — | — | — | $0 | $0 | $10.6m | $0 | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.