Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 20

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 and accrued expenses1,907 (760)Customer deposits(18,475)(5,112)Net cash used in operating activities(8,981)(86,328)CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property and equipment and construction in progress(7,360)(14,823)Proceeds from disposal of property and equipment311 119 Cash used for additions to intangible assets(284)(621)Cash received in acquisitions713 — Proceeds from disposal of a business— 45,100 Net cash (used in) provided by investing activities(6,620)29,775 CASH FLOWS FROM FINANCING ACTIVITIES:Net borrowings from floor plan65,639 90,671 Proceeds from long-term debt20,265 20,000 Payments on long-term debt(17,258)(58,864)Payments of debt issuance costs(935)(695)Payments of contingent consideration(2,419)(5,888)Payments of tax withholdings for equity-based awards(1,823)(1,883)Proceeds from issuance of Class A common stock as part of employee stock purchase plan 535 732 Distributions to members(186)(3,800)Purchase of non-controlling interest— (18,840)Net cash provided by financing activities63,818 21,433 Effects of exchange rate changes on cash and restricted cash (1)(5)Net change in cash and restricted cash48,216 (35,125)Cash and restricted cash at beginning of period27,337 93,310 Cash and restricted cash at end of period$75,553 $58,185 Supplemental cash flow disclosures:Cash paid for interest$30,908 $33,016 Cash (received) paid for income taxes and income tax refunds(104)5,852 Noncash items:Purchase of property and equipment funded by long-term debt151 156 Right-of-use assets obtained in exchange for new operating lease liabilities5,881 5,342 

10

OneWater Marine Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

(Unaudited)

1.    Description of Company and Basis of Presentation

Description of the Business OneWater Marine Inc. (“OneWater Inc”) was incorporated in Delaware on April 3, 2019 and was a wholly-owned subsidiary of One Water Marine Holdings, LLC (“OneWater