Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 13

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

For the Three Months Ended December 3120242023CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(13,612)$(7,970)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization6,037 4,905 Equity-based awards2,170 2,392 Loss (gain) on asset disposals183 (34)Non-cash interest expense933 484 Deferred income tax provision(5,056)1,828 Change in fair value of contingent consideration242 572 (Gain) loss on equity investment (7)112 (Increase) decrease in assets:Accounts receivable16,357 20,240 Inventories(45,798)(97,223)Prepaid expenses and other current assets19,468 (12,388)Other assets(880)(1,869)Increase (decrease) in liabilities:Accounts payable(2,840)(8,216)Other payables and accrued expenses(4,137)(12,196)Customer deposits(10,502)(671)Net cash used in operating activities(37,442)(110,034)CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property and equipment and construction in progress(2,603)(4,924)Proceeds from disposal of property and equipment189 59 Cash used for additions to intangible assets(362)(428)Proceeds from disposal of a business— 45,100 Net cash (used in) provided by investing activities(2,776)39,807 CASH FLOWS FROM FINANCING ACTIVITIES:Net borrowings from floor plan46,721 73,791 Proceeds from long-term debt8,890 20,000 Payments on long-term debt(3,434)(38,457)Payments of debt issuance costs(935)(74)Payments of tax withholdings for equity-based awards(1,823)(1,552)Distributions to members— (3,789)Purchase of non-controlling interest— (18,840)Net cash provided by financing activities49,419 31,079 Effects of exchange rate changes on cash and restricted cash 20 (9)Net change in cash and restricted cash9,221 (39,157)Cash and restricted cash at beginning