Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 20

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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ITIES:Net borrowings from floor plan(7,610)(2,477)Proceeds from long-term debt21,046 36,593 Payments on long-term debt(27,064)(69,107)Payments of debt issuance costs(935)(695)Payments of contingent consideration(2,419)(5,888)Payments of tax withholdings for equity-based awards(1,823)(1,883)Proceeds from issuance of Class A common stock as part of employee stock purchase plan 535 732 Distributions to members(192)(4,899)Purchase of non-controlling interest— (18,840)Net cash used in financing activities(18,462)(66,464)Effects of exchange rate changes on cash and restricted cash (48)1 Net change in cash and restricted cash54,569 (41,380)Cash and restricted cash at beginning of period27,337 93,310 Cash and restricted cash at end of period$81,906 $51,930 Supplemental cash flow disclosures:Cash paid for interest$46,132 $50,312 Cash (received) paid for income taxes and income tax refunds(5,842)5,828 Noncash items:Purchase of property and equipment funded by long-term debt219 156 Right-of-use assets obtained in exchange for new operating lease liabilities6,023 19,857 

10

OneWater Marine Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

(Unaudited)

1.    Description of Company and Basis of Presentation

Description of the Business OneWater Marine Inc. (“OneWater Inc”) was incorporated in Delaware on April 3, 2019 and was a wholly-owned subsidiary of One Water Marine Holdings, LLC (“OneWater LLC”). Pursuant to a reorganization on February 11, 2020 into a holding company structure for the purpose of facilitating an initial public offering (the “IPO”) and related transactions in order to carry on the business of OneWater LLC and its subsidiaries (together with OneWater Inc, the “Company”), OneWater Inc is the holding company and its sole material asset is the equity interest in OneWater LLC. OneWater LLC was organized as a limited liability company under the law of the State of Delaware in 2014 and is the parent company of One Water Assets & Operations (“OWAO”), and its subsidiaries.The Company is one of the largest recreational marine retailers in the United