Company: SPWH
Filing Date: 2025-09-04
Form Type: 10-Q
Source: 0001132105-25-000005
Chunk: 3

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-09-04
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)

     August 2,

     February 1,

     2025

     2025

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     1,804

     $
     2,832

     Accounts receivable, net

     2,666

     2,410

     Merchandise inventories

     443,499

     341,958

     Prepaid expenses and other

     20,339

     18,802

     Total current assets

     468,308

     366,002

     Operating lease right of use asset

     317,813

     316,499

     Property and equipment, net

     160,997

     167,838

     Goodwill

     1,496

     1,496

     Definite lived intangibles, net

     239

     267

     Total assets
      
     $
     948,853

     $
     852,102

     Liabilities and Stockholders’ Equity

     Current liabilities:

     Accounts payable
      
     $
     90,122

     $
     64,041

     Accrued expenses

     99,002

     95,946

     Income taxes payable

     229

     194

     Operating lease liability, current

     52,263

     49,128

     Revolving line of credit

     151,215

     74,654

     Total current liabilities

     392,831

     283,963

     Long-term liabilities:

     Deferred income taxes

     —

     946

     Term loan, net

     43,851

     24,067

     Operating lease liability, noncurrent

     303,284

     307,422

     Total long-term liabilities

     347,135

     332,435

     Total liabilities

     739,966

     616,398

     Commitments and contingencies

     Stockholders’ equity:

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