Company: ONEW
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001772921-25-000013
Chunk: 9

Company: OneWater Marine Inc.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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Item 1.    Condensed Consolidated Financial Statements (Unaudited)

ONEWATER MARINE INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value and share data)

(Unaudited)

December 31,2024September 30, 2024ASSETSCURRENT ASSETS:Cash$22,711 $16,849 Restricted cash13,847 10,488 Accounts receivable, net56,912 73,269 Inventories636,676 590,838 Prepaid expenses and other current assets67,328 85,922 Total current assets797,474 777,366 Property and equipment, net91,499 93,224 Operating lease right-of-use assets136,275 138,829 Other long-term assets4,911 1,299 Deferred tax assets, net41,154 37,278 Intangible assets, net203,631 205,391 Goodwill336,602 336,602 Total assets$1,611,546 $1,589,989 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable$29,266 $32,106 Other payables and accrued expenses38,055 42,116 Customer deposits53,454 63,955 Notes payable – floor plan490,107 443,386 Current portion of operating lease liabilities15,752 15,704 Current portion of long-term debt, net15,672 7,874 Current portion of tax receivable agreement liability2,578 2,578 Total current liabilities644,884 607,719 Other long-term liabilities9,105 12,563 Tax receivable agreement liability38,019 38,019 Long-term operating lease liabilities123,330 126,001 Long-term debt, net412,590 414,934 Total liabilities1,227,928 1,199,236 COMMITMENTS AND CONTINGENCIES (Note 15)STOCKHOLDERS’ EQUITYPreferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding as of December 31, 2024 and September 30, 2024— — Class A common stock, $0.01 par value, 40,000,000 shares authorized, 14,847,008 and