← ONESPAWORLD HOLDINGS Ltd
| Annual Trend | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net income (loss) | $33.2m |
$13.7m
-58.64%
|
($280.5m)
-2140.97%
|
($68.5m)
+75.57%
|
$53.2m
+177.58%
|
($3.0m)
-105.59%
|
$72.9m
+2550.03%
|
$71.6m
-1.71%
|
— | |
| Net Income (Loss) Attributable to Parent | $33.2m |
$9.9m
-70.25%
|
($288.0m)
-3012.98%
|
($68.5m)
+76.21%
|
$53.2m
+177.58%
|
($3.0m)
-105.59%
|
$72.9m
+2550.03%
|
$71.6m
-1.71%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $3.9m | — | — | — | — | — | — | — | |
| Depreciation and amortization | $9.8m | $10.1m | $24.5m | $22.5m | $22.4m | $22.0m | $24.3m | $25.3m | $27.0m | |
| Amortization of deferred financing costs | — | $1.2m | $1.0m | $1.0m | $1.1m | $1.5m | $782k | $419k | — | |
| Depreciation Amortization Depletion | — | — | — | — | $22.4m | $22.0m | $24.3m | $25.3m | $27.0m | |
| Depreciation, Depletion and Amortization | $9.8m | $10.1m | $24.5m | $22.5m | $22.4m | $22.0m | $24.3m | $25.3m | $27.0m | |
| Amortization of Debt Issuance Costs | — | $1.2m | $1.0m | $1.0m | $1.1m | $1.5m | $782k | $419k | — | |
| Amortization of Intangible Assets | — | $3.5m | $16.8m | $16.8m | $16.8m | $16.8m | $16.6m | $16.5m | — | |
| Deferred income taxes | $3.4m | ($1k) | $1.6m | $89k | ($181k) | ($2.1m) | $1.1m | $907k | $907k | |
| Deferred Tax | — | — | — | — | ($181k) | ($5.5m) | $1.1m | $907k | $907k | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $5.0m | $10.6m | $12.9m | $10.1m | $9.1m | $10.1m | $9.4m | |
| Share-based Payment Arrangement, Expense | — | — | $4.9m | $10.6m | $12.9m | $10.1m | $9.1m | $10.1m | $9.4m | |
| Stock-based compensation | — | — | $5.0m | $10.6m | $12.9m | $10.1m | $9.1m | $10.1m | $9.4m | |
| Long-lived assets impairment | — | — | $190.8m | — | — | $2.1m | $376k | $3.1m | — | |
| Asset Impairment Charge | — | — | — | — | $10k | $2.1m | $495k | $3.1m | $428k | |
| Goodwill and Intangible Asset Impairment | — | — | $190.8m | — | — | $2.1m | $376k | $3.1m | — | |
| Goodwill, Impairment Loss | — | $0 | $190.1m | $0 | $0 | — | — | — | $428k | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $700k | $0 | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | $2.1m | $376k | $3.1m | — | |
| Other Nonoperating Income (Expense) | — | $171k | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | ($33.7m) | ($22.2m) | ($16.0m) | $38.6m | ($58.7m) | ($1.2m) | ($5.5m) | — | |
| Changes in operating assets and liabilities: | ||||||||||
| Change In Working Capital | — | — | — | — | ($10.2m) | ($1.6m) | ($22.9m) | ($28.7m) | ($27.1m) | |
| Accounts receivable. net | ($2.4m) | ($2.1m) | $27.3m | ($16.9m) | ($14.1m) | ($7.3m) | ($5.5m) | ($2.6m) | ($7.2m) | |
| Change In Receivables | — | — | — | — | ($14.1m) | ($7.3m) | ($5.5m) | ($2.6m) | ($7.2m) | |
| Changes In Account Receivables | — | — | — | — | ($14.1m) | ($7.3m) | ($5.5m) | ($2.6m) | ($7.2m) | |
| Increase (Decrease) in Accounts Receivable | — | $2.1m | ($27.3m) | $16.9m | $14.1m | $7.3m | $5.5m | $2.6m | ($7.2m) | |
| Inventories, net | $8.2m | ($7.0m) | $2.9m | ($6.3m) | ($10.4m) | ($7.7m) | $756k | ($12.8m) | — | |
| Change In Inventory | — | — | — | — | ($10.4m) | ($7.7m) | $756k | ($12.8m) | ($1.0m) | |
| Increase (Decrease) in Inventories | — | $7.0m | ($2.9m) | $6.3m | $10.4m | $7.7m | ($756k) | $12.8m | ($1.0m) | |
| Inventory Write-down | — | — | $6.0m | $4.1m | $5.9m | — | — | — | — | |
| Accounts payable | $2.4m | $1.7m | ($14.8m) | $7.2m | $8.3m | $7.6m | ($2.0m) | $2.8m | ($10.6m) | |
| Change In Payables And Accrued Expense | — | — | — | — | $14.9m | $13.6m | ($1.3m) | ($7.3m) | ($10.6m) | |
| Accrued expenses | ($718k) | $7.7m | $1.5m | $6.5m | $6.6m | $6.0m | $647k | ($10.1m) | ($4.0m) | |
| Accrued dividends cancelled on common stock | — | — | — | — | — | — | $2.4m | — | — | |
| 2020 Private Placement issuance cost accrued | — | — | $381k | — | — | — | — | — | — | |
| At-the Market Equity Offering issuance cost accrued | — | — | $267k | — | — | — | — | — | — | |
| Change In Accrued Expense | — | — | — | — | $6.6m | $6.0m | $647k | ($10.1m) | ($4.0m) | |
| Other current assets | $100k | ($340k) | $725k | $1.0m | ($460k) | ($3.0m) | ($1.4m) | $386k | ($983k) | |
| Other current liabilities | ($135k) | $499k | ($139k) | ($94k) | $242k | ($238k) | ($15k) | ($125k) | ($53k) | |
| Change In Other Current Assets | — | — | — | — | ($405k) | ($3.4m) | ($23.5m) | ($3.3m) | ($983k) | |
| Change In Other Current Liabilities | — | — | — | — | $242k | ($238k) | $7.3m | ($44k) | ($53k) | |
| Net cash provided by operating activities | $70.1m |
$32.4m
-53.81%
|
($36.5m)
-212.85%
|
($35.1m)
+3.96%
|
$24.8m
+170.54%
|
$63.4m
+155.93%
|
$78.8m
+24.33%
|
$83.5m
+5.99%
|
$95.5m
+14.35%
|
|
| Net Cash Provided by (Used in) Operating Activities | $70.1m |
$32.4m
-53.81%
|
($36.5m)
-212.85%
|
($35.1m)
+3.96%
|
$24.8m
+170.54%
|
$63.4m
+155.93%
|
$78.8m
+24.33%
|
$83.5m
+5.99%
|
$95.5m
+14.35%
|
|
| Cash flows from investing activities: | ||||||||||
| Loss from write-offs of property and equipment | — | — | $90k | $177k | $10k | $14k | $119k | — | — | |
| Capital expenditures | ($2.7m) | ($5.0m) | ($2.1m) | ($2.9m) | ($4.8m) | ($5.4m) | ($6.7m) | ($15.1m) | ($17.3m) | |
| Capital Expenditure Reported | — | — | $2.1m | $2.9m | ($4.8m) | ($5.4m) | ($6.7m) | ($15.1m) | ($17.3m) | |
| Loss on divestitures and liquidations, net | — | — | — | — | — | — | — | $364k | — | |
| Cash disposed of in connection with divestiture | — | — | — | — | — | — | — | ($1.6m) | — | |
| Receivable recorded in connection with divestitures of subsidiaries | — | — | — | — | — | — | — | $2.3m | — | |
| Net cash used in investing activities | ($2.7m) | ($5.0m) | ($2.1m) | ($2.9m) | ($4.8m) | ($5.4m) | ($6.7m) | ($16.7m) | ($17.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.7m) | ($5.0m) | ($2.1m) | ($2.9m) | ($4.8m) | ($5.4m) | ($6.7m) | ($16.7m) | ($17.6m) | |
| Cash flows from financing activities: | ||||||||||
| Losses on early extinguishment of debt | — | — | — | — | — | — | $735k | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | ($735k) | — | — | |
| Issuance Of Debt | — | — | — | — | $0 | $0 | $100.0m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | $0 | $0 | $100.0m | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | ($18.8m) | ($56.0m) | ($65.1m) | ($15.0m) | ($15.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | ($18.8m) | ($56.0m) | ($65.1m) | ($15.0m) | ($15.0m) | |
| Long Term Debt Payments | — | — | — | — | ($18.8m) | ($56.0m) | ($165.1m) | ($15.0m) | ($15.0m) | |
| Repayment Of Debt | — | — | — | — | ($18.8m) | ($56.0m) | ($165.1m) | ($15.0m) | ($15.0m) | |
| Issuance Of Capital Stock | — | — | — | $27.5m | $0 | $0 | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | $0 | ($9.0m) | ($19.0m) | ($75.4m) | ($37.9m) | |
| Common stock issued to purchase noncontrolling interest | — | — | $1.5m | — | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | $27.5m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | $0 | ($9.0m) | ($19.0m) | ($75.4m) | ($37.9m) | |
| Common Stock Payments | — | — | — | — | $0 | ($9.0m) | ($19.0m) | ($75.4m) | ($37.9m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $9.0m | $19.0m | $75.4m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | $2 | — | — | — | $8 | $17 | ($19.3m) | |
| Dividend paid on common stock | — | — | ($2.4m) | — | — | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | $0 | $0 | ($8.3m) | ($17.5m) | ($19.3m) | |
| Dividends | — | — | — | — | $0 | $0 | ($8.3m) | ($17.5m) | ($19.3m) | |
| Unpaid declared dividends | — | — | $2.4m | — | — | — | — | — | — | |
| Dividends Payable | — | — | $2 | $2 | $2 | $2 | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.5m) | ($9k) | $3.9m | |
| Net cash used in financing activities | ($65.5m) |
($20.6m)
+68.61%
|
$68.5m
+433.45%
|
$27.5m
-59.92%
|
($18.7m)
-168.13%
|
($62.7m)
-234.77%
|
($42.2m)
+32.64%
|
($107.9m)
-155.67%
|
($72.2m)
+33.05%
|
|
| Net Cash Provided by (Used in) Financing Activities | ($65.5m) |
($20.6m)
+68.61%
|
$68.5m
+433.45%
|
$27.5m
-59.92%
|
($18.7m)
-168.13%
|
($62.7m)
-234.77%
|
($42.2m)
+32.64%
|
($107.9m)
-155.67%
|
($72.2m)
+33.05%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | $2.1m | $6.6m | $29.6m | ($10.6m) | $429k | ($4.4m) | $29.7m | ($41.1m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $6.6m | $29.6m | ($10.6m) | $429k | ($4.4m) | $29.7m | ($41.1m) | $41.9m | |
| Beginning Cash Position | — | — | — | — | $32.8m | $33.3m | $28.9m | $58.6m | $36.2m | |
| Cash, cash equivalents and restricted cash, Beginning of period | $8.7m | $15.3m | $43.4m | $32.8m | $33.3m | $28.9m | $58.6m | $17.5m | — | |
| Effect of exchange rate changes on cash | $124k | ($216k) | ($280k) | ($117k) | ($792k) | $337k | ($112k) | ($21k) | ($332k) | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | ($364k) | — | |
| Income Tax Expense (Benefit) | — | $1.1m | $814k | $429k | $624k | ($1.5m) | $4.0m | $4.5m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $10.0m | $5.7m | — | |
| Operating Lease, Expense | — | $9.5m | $5.5m | $7.4m | $8.6m | $10.1m | $9.5m | $7.9m | — | |
| Additional Financial Items | ||||||||||
| Income tax benefit from change in reserve of uncertain tax positions | — | — | — | — | — | ($3.4m) | — | — | — | |
| Warrant issuance costs | — | — | $1.4m | — | — | — | — | — | — | |
| Change in fair value of warrant liabilities | — | — | $6.1m | $2.6m | ($54.4m) | $37.6m | ($7.7m) | — | — | |
| Provision for doubtful accounts | $18k | $18k | $172k | $453k | $18k | $59k | $18k | $18k | — | |
| Noncash lease expense | — | — | — | $58k | $67k | $48k | — | $329k | — | |
| Prepaid expenses | ($160k) | ($1.8m) | $705k | $376k | ($510k) | $3.4m | ($677k) | ($2.7m) | — | |
| Other non-current assets | ($5.4m) | $652k | ($3.0m) | $375k | $55k | ($434k) | ($22.1m) | ($3.7m) | — | |
| Other long-term liabilities | — | — | — | — | — | — | $7.3m | $81k | — | |
| Proceeds from At-the Market Equity Offering, net of issuance costs paid | — | — | $11.1m | $27.5m | — | — | — | — | — | |
| Proceeds from exercise of warrants | — | — | — | — | $59k | $2.4m | $51.7m | — | — | |
| Repurchase of common shares | — | — | — | — | — | ($9.0m) | ($19.0m) | ($75.4m) | — | |
| Proceeds from term loan facility | — | — | — | — | — | — | $100.0m | — | — | |
| Repayment on first and second lien term loan facilities | — | — | ($13.0m) | — | ($18.8m) | ($56.0m) | ($159.6m) | ($15.0m) | — | |
| Payment of deleveraging fee on first lien term loan facilities | — | — | — | — | — | — | ($5.4m) | — | — | |
| Payment of deferred financing costs | — | — | — | — | — | — | ($1.5m) | ($9k) | — | |
| Purchase of public warrants | — | — | ($879k) | — | — | — | — | — | — | |
| Income taxes | $364k | $1.0m | $115k | $160k | $434k | $4.7m | $3.3m | $2.9m | — | |
| Interest | — | $30.3m | $11.7m | $12.6m | $14.0m | $21.3m | $11.4m | $6.1m | $5.4m | |
| Exchange of warrants into common shares | — | — | — | — | — | $45.3m | — | — | — | |
| Cashless exercise of warrants | — | — | — | — | — | $24.4m | $6.8m | — | — | |
| Initial measurement of warrants accounted for as a liability | — | — | $16.2m | — | — | — | — | — | — | |
| Cash Flow From Continuing Operating Activities | $70.1m | $32.4m | ($36.5m) | ($35.1m) | $24.8m | $63.4m | $78.8m | $83.5m | $95.5m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($18.7m) | ($62.7m) | ($42.2m) | ($107.9m) | ($72.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($4.8m) | ($5.4m) | ($6.7m) | ($16.7m) | ($17.6m) | |
| Change In Account Payable | — | — | — | — | $8.3m | $7.6m | ($2.0m) | $2.8m | ($10.6m) | |
| Change In Income Tax Payable | — | — | — | ($263k) | $17k | $0 | $0 | — | $0 | |
| Change In Other Working Capital | — | — | — | $58k | $67k | $48k | — | — | — | |
| Change In Payable | — | — | — | — | $8.3m | $7.6m | ($2.0m) | $2.8m | ($10.6m) | |
| Change In Prepaid Assets | — | — | — | — | ($510k) | $3.4m | ($677k) | ($2.7m) | ($3.1m) | |
| Change In Tax Payable | — | — | — | ($263k) | $17k | $0 | $0 | — | $0 | |
| Changes In Cash | — | — | — | — | $1.2m | ($4.7m) | $29.8m | ($41.1m) | $5.7m | |
| End Cash Position | — | — | — | — | $33.3m | $28.9m | $58.6m | $17.5m | $41.9m | |
| Financing Cash Flow | — | — | — | — | ($18.7m) |
($62.7m)
-234.77%
|
($42.2m)
+32.64%
|
($107.9m)
-155.67%
|
($72.2m)
+33.05%
|
|
| Free Cash Flow | — | — | — | — | $19.9m | $58.0m | $72.1m | $68.4m | $78.2m | |
| Gain Loss On Investment Securities | — | — | — | $2.6m | ($54.4m) | $37.6m | ($7.7m) | — | ($7.7m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | $364k | $364k | |
| Investing Cash Flow | — | — | — | — | ($4.8m) | ($5.4m) | ($6.7m) | ($16.7m) | ($17.6m) | |
| Net Business Purchase And Sale | — | — | — | $0 | — | $0 | $0 | ($1.6m) | ($315k) | |
| Operating Gains Losses | — | — | — | — | ($54.4m) | $37.6m | ($6.9m) | $364k | $364k | |
| Other Non Cash Items | — | — | — | — | $1.1m | $1.5m | $782k | $748k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | $59k | $2.4m | $51.7m | $0 | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | $18k | $59k | $18k | $18k | $16k | |
| Purchase Of Business | — | — | — | $0 | — | $0 | $0 | ($1.6m) | ($1.6m) | |
| General and Administrative Expense | — | $9.9m | $19.0m | $15.5m | $15.8m | $17.1m | $18.8m | $18.1m | — | |
| Goodwill | — | $33.9m | — | — | — | — | — | — | $428k | |
| Investment Income, Interest | — | $238k | $30k | — | — | $280k | $1.2m | $488k | — | |
| Payments for Repurchase of Warrants | — | — | $879k | — | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | — | — | — | $1.5m | $9k | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $2.7m | — | |
| Distributions to noncontrolling interest | ($4.6m) | ($4.9m) | ($4.0m) | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | $429k | ($4.4m) | $29.7m | ($41.1m) | — |