Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 17

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
through October 1, 2033

        68,102

        72,264

        $
        997,227

        $
        1,028,419

 12

6.Selected Balance Sheet InformationCash, Cash Equivalents and Restricted Cash.  Restricted cash consists of amounts deposited in various bank accounts held by a trustee, as required for operating, maintenance and debt service purposes, all of which is stipulated in the loan agreement under the indenture to the Green Bonds.  The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that aggregates to the total shown on the condensed consolidated statements of cash flows: 

        As of

        December 28,

        September 28,

        2024

        2024

        Cash and cash equivalents
         
        $
        4,441

        $
        3,219

        Restricted cash included in other current assets

        9,959

        9,355

        Restricted cash included in other assets (noncurrent)

        8,026

        7,940

        Total cash, cash equivalents, and restricted cash shown on the condensed consolidated statements of cash flows
         
        $
        22,426

        $
        20,514

      Inventories.  Inventories are stated at the lower of cost or market.  Cost is determined using a weighted average method for propane, fuel oil and refined fuels and natural gas, and a standard cost basis for appliances, which approximates average cost. Inventories consist of the following: 

        As of

        December 28,

        September 28,

        2024

        2024

        Propane, fuel oil and refined fuels and natural gas
         
        $
        57,326

        $
        52,284

        Appliances

        3,240

        3,146

        $
        60,566

        $
        55,430

7.Goodwill and Other Intangible AssetsGoodwill represents the excess of the purchase price over the fair value of net assets acquired.  Goodwill is subject to an impairment review at a reporting unit level, on an annual basis as of the end of fiscal July of each year, or when an event occurs or circumstances change that would indicate potential impairment.The Partnership has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination