Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 14

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 14
---
Item 1.    Condensed Consolidated Financial Statements (Unaudited)

ONEWATER MARINE INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value and share data)

(Unaudited)

March 31,2025September 30, 2024ASSETSCURRENT ASSETS:Cash$67,461 $16,849 Restricted cash8,092 10,488 Accounts receivable, net91,639 73,269 Inventories602,364 590,838 Prepaid expenses and other current assets64,147 85,922 Total current assets833,703 777,366 Property and equipment, net92,100 93,224 Operating lease right-of-use assets135,811 138,829 Other long-term assets2,437 1,299 Deferred tax assets, net41,160 37,278 Intangible assets, net201,851 205,391 Goodwill336,602 336,602 Total assets$1,643,664 $1,589,989 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable$45,269 $32,106 Other payables and accrued expenses47,056 42,116 Customer deposits49,667 63,955 Notes payable – floor plan509,025 443,386 Current portion of operating lease liabilities16,474 15,704 Current portion of long-term debt, net26,708 7,874 Current portion of tax receivable agreement liability2,578 2,578 Total current liabilities696,777 607,719 Other long-term liabilities4,156 12,563 Tax receivable agreement liability38,245 38,019 Long-term operating lease liabilities122,386 126,001 Long-term debt, net400,485 414,934 Total liabilities1,262,049 1,199,236 COMMITMENTS AND CONTINGENCIES (Note 14)STOCKHOLDERS’ EQUITYPreferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding as of March 31, 2025 and September 30, 2024— — Class A common stock, $0.01 par value, 40,000,000 shares authorized, 16,313,115 and