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Consolidated Statements of Cash Flows (FY) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities          
Net income (loss) $ 42,534 $ 32,239      
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:          
Depreciation and amortization 2,375 1,883      
Equity-based awards 1,598 116      
Loss (gain) on asset disposals 60 47      
Change in fair value of long-term warrant liability (771) (2,773)      
Non-cash interest expense 6,178 2,404      
Non-cash gain on settlement of contingent consideration 0 (1,674)      
(Increase) decrease in assets:          
Accounts receivable (42,145) (19,939)      
Inventories 106,038 (43,191)      
Prepaid expenses and other current assets (3,557) (987)      
Deposits (11) 15      
Increase (decrease) in liabilities:          
Accounts payable 19,608 4,921      
Other payables and accrued expenses 12,718 4,014      
Customer deposits 7,971 (99)      
Net cash (used in) provided by operating activities 152,596 (23,024)      
Cash flows from investing activities          
Purchases of property and equipment and construction in progress (3,923) (5,913)      
Proceeds from disposal of property and equipment 1,616 70      
Cash used in acquisitions 0 (2,146)      
Net cash used in investing activities (2,307) (7,989)      
Cash flows from financing activities          
Net borrowings from floor plan (49,316) 49,263      
Proceeds from long-term debt 49,307 12,070      
Payments on long-term debt (19,380) (7,022)      
Payments of debt issuance costs (1,762) (203)      
Payments of offering costs (5,217) 0      
Payment of acquisition contingent consideration (1,457) 0      
Distributions to redeemable preferred interest members and redemption of redeemable preferred interest (90,503) (2,531)      
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting discounts and commissions 59,234 0      
Distributions to members (11,618) (9,887)      
Net cash (used in) provided by financing activities (70,712) 41,690      
Net change in cash 79,577 10,677      
Cash and restricted cash at beginning of period 11,492 15,757 $ 15,757    
Cash and restricted cash at end of period 91,069 26,434 11,492 $ 15,757  
Supplemental cash flow disclosures          
Cash paid for interest 8,696 8,717      
Noncash items          
Acquisition purchase price funded by long-term debt 0 18,800      
Acquisition purchase price funded by seller notes payable 0 8,274      
Purchase of property and equipment funded by long-term debt 1,046 1,040      
OneWater LLC [Member]          
Cash flows from operating activities          
Net income (loss)     37,263 1,946 $ (4,259)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:          
Depreciation and amortization     2,682 1,685 1,055
Equity-based awards     154 154 432
Loss (gain) on asset disposals     1,371 (49) 31
(Gain) loss on extinguishment of debt     0 (209) 94
Change in fair value of long-term warrant liability     (1,336) 33,187 18,057
Non-cash interest expense     3,478 2,441 554
Non-cash gain on settlement of contingent consideration     (1,674) 0 0
(Increase) decrease in assets:          
Restricted cash     27 (404) 948
Accounts receivable     (2,344) (4,743) (1,745)
Inventories     (38,954) (39,858) (13,283)
Prepaid expenses and other current assets     (5,565) 111 (302)
Deposits     2 (49) (51)
Increase (decrease) in liabilities:          
Accounts payable     (966) 11 1,791
Other payables and accrued expenses     614 1,605 1,407
Customer deposits     (450) (482) 1,785
Net cash (used in) provided by operating activities     (5,698) (4,654) 6,514
Cash flows from investing activities          
Purchases of property and equipment and construction in progress     (7,291) (10,135) (4,112)
Proceeds from disposal of property and equipment     73 0 61
Proceeds from sales and leaseback     15,623 0 0
Cash used in acquisitions     (19,403) (13,785) (19,253)
Net cash used in investing activities     (10,998) (23,920) (23,304)
Cash flows from financing activities          
Net borrowings from floor plan     24,401 35,421 6,970
Net payment (to) from related party     0 (300) 1,569
Proceeds from long-term debt     13,801 7,046 11,464
Payments on long-term debt     (9,942) (3,899) (21,043)
Payments of debt issuance costs     (203) (662) (707)
Payments of deferred offering costs     (1,148) 0 0
Payments of preferred issuance costs     0 (93) (2,058)
Issuance of redeemable preferred interest in subsidiary     0 0 68,000
Distributions to redeemable preferred interest members     (3,364) 0 0
Distributions to members     (11,087) (3,256) (47,202)
Net cash (used in) provided by financing activities     12,458 34,257 16,993
Net change in cash     (4,238) 5,683 203
Cash and restricted cash at beginning of period $ 11,108 $ 15,346 15,346 9,663 9,460
Cash and restricted cash at end of period     11,108 15,346 9,663
Supplemental cash flow disclosures          
Cash paid for interest     12,485 6,929 4,398
Noncash items          
Acquisition purchase price funded by long-term debt     18,800 9,000 0
Acquisition purchase price funded by seller notes payable     10,438 3,042 5,025
Acquisition purchase price funded by contingent consideration     0 2,644 900
Purchase of property and equipment funded by long-term debt     1,067 0 0
Deferred offering costs, accrued not yet paid     $ 1,500 $ 0 $ 0