OneWater Marine Inc. (ONEW) · 10+ Years of Financial statements

Income Statement	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	391	603	768	1,023	1,228	1,745	1,936
+ Sales & Services Revenue	391	603	768	1,023	1,228	1,745	1,936
- Cost of Revenue	306	465	595	787	871	1,191	1,401
+ Cost of Goods & Services	306	465	595	787	871	1,191	1,401
Gross Profit	86	138	172	236	357	554	535
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	66	93	119	147	204	318	369
+ Selling, General & Admin	65	91	117	144	199	302	346
+ Research & Development	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1	2	3	3	5	16	24
Operating Income (Loss)	19	45	53	89	153	236	166
- Non-Operating (Income) Loss	24	43	16	34	11	40	208
+ Interest Expense, Net	5	9	16	18	7	18	60
+ Interest Expense	5	9	16	18	7	18	60
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	19	33	- -	16	4	22	149
Pretax Income	-4	2	37	55	142	196	-43
- Income Tax Expense (Benefit)	- -	- -	- -	6	26	43	-3
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-4	2	37	49	116	153	-39
- Net Extraordinary Losses (Gains)	- -	2	3	62	75	43	-1
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	2	3	62	75	43	-1
Income (Loss) Incl. MI	-4	- -	34	-14	42	109	-38
- Minority Interest	- -	-1	-2	-31	-37	-22	1
Net Income, GAAP	-4	1	36	17	79	131	-39
- Preferred Dividends	7	8	10	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-11	-7	26	17	79	131	-39
Basic Weighted Avg Shares	5	5	4	6	11	14	14
Basic EPS, GAAP	-2.06	-1.37	7.14	2.79	7.13	9.44	-2.69
Basic EPS from Cont Ops	-0.79	0.36	10.22	7.77	10.5	11	-2.73
Diluted Weighted Avg Shares	5	5	4	6	11	14	14
Diluted EPS, GAAP	-2.06	-1.37	7.14	2.77	6.96	9.13	-2.69
Diluted EPS from Cont Ops	-0.79	0.36	10.22	7.72	10.25	10.64	-2.73
EBITDA	20	46	56	92	158	252	192
EBITDA Margin (%)	5.2	7.69	7.25	8.99	12.9	14.46	9.94
EBITA	19	45	53	89	153	236	166
EBIT	19	45	53	89	153	236	166
Gross Margin (%)	21.89	22.84	22.42	23.02	29.1	31.73	27.64
Operating Margin (%)	4.93	7.41	6.9	8.67	12.46	13.52	8.56
Profit Margin (%)	-1.09	0.19	4.65	1.7	6.44	7.5	-1.99
Sales per Employee	- -	- -	673,354	875,081	688,071	791,302	834,976
Dividend per Share	8.75	0.6	3.96	17.52	2.89	0.68	0.25
Depreciation Expense	1	2	3	3	5	16	27

Balance Sheet	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	132	213	314	252	281	567	882
+ Cash, Cash Equivalents & STI	10	15	11	66	63	42	85
+ Cash & Cash Equivalents	10	15	11	66	63	42	85
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	6	11	15	18	29	58	113
+ Accounts Receivable, Net	6	11	15	18	29	58	113
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	115	184	277	150	144	373	610
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	5	7	9	9	15	78	77
+ Finished Goods	111	178	268	141	129	295	533
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	2	10	17	46	94	74
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	126	163	191	206	440	931	807
+ Property, Plant & Equip, Net	9	19	16	18	156	234	217
+ Property, Plant & Equip	11	22	21	27	170	256	248
- Accumulated Depreciation	1	3	5	8	14	22	30
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	117	144	175	188	283	697	590
+ Total Intangible Assets	117	144	174	174	254	685	549
+ Goodwill	82	96	113	113	168	379	337
+ Other Intangible Assets	35	48	61	61	85	306	212
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	13	30	12	41
Total Assets	258	375	505	458	721	1,497	1,689
+ Payables & Accruals	10	16	22	37	46	83	82
+ Accounts Payable	6	6	6	13	18	27	27
+ Accrued Taxes	1	1	2	3	4	4	5
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	8	15	21	23	51	50
+ ST Debt	100	159	237	131	135	302	533
+ ST Borrowings	100	159	237	131	126	289	518
+ ST Finance Leases	- -	- -	- -	- -	9	13	15
+ Other ST Liabilities	3	4	5	17	47	68	54
+ Deferred Revenue	3	4	5	17	47	65	52
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	2	2
Total Current Liabilities	113	180	263	186	228	452	669
+ LT Debt	25	40	65	82	184	533	552
+ LT Borrowings	25	40	65	82	103	421	428
+ LT Finance Leases	- -	- -	- -	- -	80	112	123
+ Other LT Liabilities	92	135	139	17	55	67	54
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	92	135	139	17	55	67	54
Total Noncurrent Liabilities	117	175	203	99	238	600	606
Total Liabilities	230	354	467	285	466	1,053	1,275
+ Preferred Equity and Hybrid Capital	72	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	26	16	- -	106	151	180	193
+ Common Stock	26	16	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	106	151	180	193
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	- -	17	75	205	165
+ Other Equity	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	26	16	32	123	226	385	359
+ Minority/Non Controlling Interest	2	5	6	50	29	60	55
Total Equity	28	21	38	173	255	445	414
Total Liabilities & Equity	258	375	505	458	721	1,497	1,689
Shares Outstanding	5	5	4	10	13	14	14
Capital Leases - Total	- -	- -	- -	- -	90	125	138
Net Debt	116	184	290	147	167	668	862
Net Debt to Equity	411.61	873.77	764.26	85.03	65.36	150.12	208.21
Tangible Common Equity Ratio	-113.09	-53.08	-41.28	-0.38	0.22	-29.57	-11.83
Current Ratio	1.17	1.18	1.19	1.36	1.23	1.25	1.32
Cash Conversion Cycle	- -	118.52	144.57	100.03	62.08	82.4	138.04
Number of Employees	- -	- -	1,140	1,169	1,785	2,205	2,319

Cash Flow Statement	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-4	2	37	49	116	153	-39
+ Depreciation & Amortization	1	2	3	3	5	16	27
+ Non-Cash Items	19	36	2	15	13	31	143
+ Stock-Based Compensation	- -	- -	- -	2	6	10	9
+ Deferred Income Taxes	- -	- -	- -	1	4	6	-23
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	147
+ Other Non-Cash Adj	19	35	2	12	3	15	10
+ Chg in Non-Cash Work Cap	-9	-43	-48	146	25	-192	-261
+ (Inc) Dec in Accts Receiv	-2	-5	-2	-3	-10	-4	-10
+ (Inc) Dec in Inventories	-13	-40	-39	127	25	-167	-232
+ (Inc) Dec in Prepaid Assets	1	- -	-6	4	5	-30	-5
+ Inc (Dec) in Accts Payable	3	2	- -	18	4	11	-7
+ Inc (Dec) in Other	1	- -	- -	- -	- -	-2	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	7	-4	-6	212	159	7	-130
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	16	2	- -	- -	1
+ Disp of Fixed Prod Assets	- -	- -	16	2	- -	- -	1
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-4	-10	-7	-6	-10	-16	-24
+ Acq of Fixed Prod Assets	-4	-10	-7	-6	-10	-11	-21
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	-4	-3
+ Net Change in LT Investment	- -	- -	- -	- -	- -	-2	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	-2	- -
+ Net Cash From Acq & Div	-19	-14	-19	- -	-107	-460	-28
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	1
+ Cash for Acq of Subs	-19	-14	-19	- -	-107	-460	-29
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-23	-24	-11	-5	-117	-477	-52
+ Dividends Paid	-47	-3	-14	-109	-32	-9	-4
+ Net Cash From Debt	-3	39	28	-94	21	324	12
+ Cash From Debt	18	42	38	129	30	412	30
+ Repayments of Debt	-21	-4	-10	-223	-9	-88	-18
+ Cash (Repurchase) of Equity	- -	- -	- -	67	- -	- -	1
+ Increase in Capital Stock	- -	- -	- -	67	- -	- -	2
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	-2
+ Other Financing Activities	67	-1	-1	-15	-26	142	205
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	17	34	12	-151	-36	456	214
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	6	-4	57	6	-13	32
Capital Expenditures	-4	-10	-7	-6	-10	-16	-24
EBITDA	20	46	56	92	158	252	192
EBITDA Margin (%)	5.2	7.69	7.25	8.99	12.9	14.46	9.94
Net Cash Paid for Acquisitions	19	14	19	- -	107	460	28
Free Cash Flow	2	-14	-13	206	150	-8	-154
Free Cash Flow to Firm	- -	-5	3	222	155	6	- -
Free Cash Flow to Equity	- -	-56	21	114	171	321	-139
Free Cash Flow per Basic Share	0.45	-2.67	-3.57	33.02	13.49	-0.59	-10.74
Price/Free Cash Flow	- -	- -	- -	0.58	2.8	19.76	-3.45
Cash Flow to Net Income	-1.52	-3.81	-0.16	12.19	2.02	0.06	3.36

OneWater Marine Inc.

ONEW US

26.63