Company: SPH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000950170-25-066557
Chunk: 0

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-05-08
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)

     March 29,

     September 28,

     2025

     2024

     ASSETS

     Current assets:

     Cash and cash equivalents
      
     $
     3,879

     $
     3,219

     Accounts receivable, less allowance for doubtful accounts of $6,407 and   $4,707, respectively

     150,500

     66,444

     Inventories

     58,269

     55,430

     Other current assets

     37,445

     32,451

     Total current assets

     250,093

     157,544

     Property, plant and equipment, net

     692,115

     653,985

     Operating lease right-of-use assets

     130,334

     140,243

     Goodwill

     1,157,827

     1,151,252

     Other intangible assets, net

     90,857

     74,512

     Other assets

     78,673

     95,225

     Total assets
      
     $
     2,399,899

     $
     2,272,761

     LIABILITIES AND PARTNERS’ CAPITAL

     Current liabilities:

     Accounts payable
      
     $
     39,254

     $
     41,058

     Accrued employment and benefit costs

     41,167

     40,371

     Customer deposits and advances

     64,308

     126,570

     Operating lease liabilities

     35,731

     35,616

     Other current liabilities

     55,201

     62,507

     Total current liabilities

     235,661

     306,122

     Long-term borrowings

     1,293,529

     1,210,326

     Accrued insurance

     44,144

     45,560

     Operating lease liabilities

     93,672

     103,797

     Other liabilities

     61,084

     59,896

     Total liabilities

     1,728,090