Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 80

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 have adequate cash flow from operations, borrowings under our Credit Facilities and proceeds from any future public or private issuances of debt or equity to fund our current operations, to make share repurchases and to fund essential capital expenditures and acquisitions for the next twelve months and beyond. 

Cash needs for acquisitions have historically been financed with our Credit Facilities and cash generated from operations. Our ability to utilize the A&R Credit Facility to fund acquisitions depends upon Adjusted EBITDA and compliance with covenants of the A&R Credit Facility. Cash needs for inventory have historically been financed with our Inventory Financing Facility. Our ability to fund inventory purchases and operations depends on the collateral levels and our compliance with the covenants of the Inventory Financing Facility. For the reporting period ended June 30, 2025, we were in compliance with all covenants under the A&R Credit Facility and the Inventory Financing Facility. 

We have no material off balance sheet arrangements.

Cash Flows

Analysis of Cash Flow Changes Between the Nine Months Ended June 30, 2025 and 2024 

The following table summarizes our cash flows for the periods indicated:

Nine Months Ended June 30,($ in thousands)20252024ChangeNet cash provided by operating activities$81,820 $7,507 $74,313 Net cash (used in) provided by investing activities(8,741)17,576 (26,317)Net cash used in financing activities(18,462)(66,464)48,002 Effect of exchange rate changes on cash and restricted cash(48)1 (49)Net change in cash$54,569 $(41,380)$95,949 

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Operating Activities. Net cash provided by operating activities was $81.8 million for the nine months ended June 30, 2025 compared to net cash provided by operating activities of $7.5 million for the nine months ended June 30, 2024. The $74.3 million increase in cash provided by operating activities was primarily attributable to a $53.9 million increase in the change in inventory, a $28.7 million increase in the change in accounts receivable and a $26.5 million increase in the change in prepaid expenses and other current assets, partially offset by a $25.7 million decrease in the change in customer deposits for the nine months ended June 30, 2025 as compared to the nine months ended June 30, 2024.

Investing Activities. Net cash