Company: SPWH
Filing Date: 2025-12-04
Form Type: 10-Q
Source: 0001193125-25-308111
Chunk: 3

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-12-04
Form: 10-Q
Item: Part I, Item 1F
Chunk 3
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SPORTSMAN’S WAREHOUSE HOLDINGS, INC. AND SUBSIDIARIES 

CONDENSED CONSOLIDATED BALANCE SHEETS

Amounts in Thousands, Except Par Value Data

(unaudited)

     November 1,

     February 1,

     2025

     2025

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     2,246

     $
     2,832

     Accounts receivable, net

     5,064

     2,410

     Merchandise inventories

     423,968

     341,958

     Prepaid expenses and other

     14,663

     18,802

     Total current assets

     445,941

     366,002

     Operating lease right of use asset

     306,872

     316,499

     Property and equipment, net

     159,333

     167,838

     Goodwill

     1,496

     1,496

     Definite lived intangibles, net

     225

     267

     Total assets
      
     $
     913,867

     $
     852,102

     Liabilities and Stockholders’ Equity

     Current liabilities:

     Accounts payable
      
     $
     63,271

     $
     64,041

     Accrued expenses

     115,788

     95,946

     Income taxes payable

     206

     194

     Operating lease liability, current

     53,259

     49,128

     Revolving line of credit

     137,902

     74,654

     Total current liabilities

     370,426

     283,963

     Long-term liabilities:

     Deferred income taxes

     —

     946

     Term loan, net

     44,007

     24,067

     Operating lease liability, noncurrent

     289,916

     307,422

     Total long-term liabilities

     333,923

     332,435

     Total liabilities

     704,349

     616,398

     Commitments and contingencies

     Stockholders’ equity:

     Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding