Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 0

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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SUBURBAN PROPANE PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

    December 28,

    September 28,

    2024

    2024

    ASSETS

    Current assets:

    Cash and cash equivalents
     
    $
    4,441

    $
    3,219

    Accounts receivable, less allowance for doubtful accounts of $5,307 and   $4,707, respectively

    125,109

    66,444

    Inventories

    60,566

    55,430

    Other current assets

    39,888

    32,451

    Total current assets

    230,004

    157,544

    Property, plant and equipment, net

    685,857

    653,985

    Operating lease right-of-use assets

    138,729

    140,243

    Goodwill

    1,160,887

    1,151,252

    Other intangible assets, net

    91,524

    74,512

    Other assets

    77,625

    95,225

    Total assets
     
    $
    2,384,626

    $
    2,272,761

    LIABILITIES AND PARTNERS’ CAPITAL

    Current liabilities:

    Accounts payable
     
    $
    86,258

    $
    41,058

    Accrued employment and benefit costs

    34,974

    40,371

    Customer deposits and advances

    111,490

    126,570

    Operating lease liabilities

    36,298

    35,616

    Other current liabilities

    60,385

    62,507

    Total current liabilities

    329,405

    306,122

    Long-term borrowings

    1,302,824

    1,210,326

    Accrued insurance

    45,610

    45,560

    Operating lease liabilities

    101,609

    103,797

    Other liabilities

    60,040

    59,896

    Total liabilities

    1,839,488