XML 21 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Revenues:      
Revenues $ 1,744,822 $ 1,228,206 $ 1,022,970
Cost of sales (exclusive of depreciation and amortization shown separately below):      
Cost of sales 1,191,167 870,751 787,446
Selling, general and administrative expenses 302,113 199,049 143,575
Depreciation and amortization 15,605 5,411 3,249
Transaction costs 7,724 869 3,648
Change in fair value of contingent consideration 10,380 3,249 6,762
Income from operations 217,833 148,877 78,290
Other expense (income):      
Interest expense - floor plan 4,647 2,566 8,861
Interest expense - other 13,201 4,344 8,828
Change in fair value of warrant liability 0 0 (771)
Loss on extinguishment of debt 356 0 6,559
Other expense (income), net 3,793 (248) (24)
Total other expense (income), net 21,997 6,662 23,453
Income before income tax expense 195,836 142,215 54,837
Income tax expense 43,225 25,802 6,329
Net income 152,611 116,413 48,508
Less: Net income attributable to non-controlling interests (2,998) 0 (350)
Less: Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (18,669) (37,354) (30,733)
Net income attributable to OneWater Marine Inc. 130,944 79,059 17,425
New Boat [Member]      
Revenues:      
Revenues 1,139,331 872,680 717,093
Cost of sales (exclusive of depreciation and amortization shown separately below):      
Cost of sales 834,026 661,764 585,720
Pre-Owned Boat [Member]      
Revenues:      
Revenues 294,832 216,416 205,650
Cost of sales (exclusive of depreciation and amortization shown separately below):      
Cost of sales 213,167 162,278 168,261
Finance & Insurance [Member]      
Revenues:      
Revenues 55,977 42,668 36,792
Service, Parts & Other [Member]      
Revenues:      
Revenues 254,682 96,442 63,435
Cost of sales (exclusive of depreciation and amortization shown separately below):      
Cost of sales $ 143,974 $ 46,709 $ 33,465
Class A Common Stock [Member]      
Other expense (income):      
Earnings per share, Basic (in dollars per share) [1] $ 9.44 $ 7.13 $ 2.79
Earnings per share, Diluted (in dollars per share) [1] $ 9.13 $ 6.96 $ 2.77
Basic weighted-average shares outstanding (in shares) [1] 13,877 11,087 6,243
Diluted weighted-average shares outstanding (in shares) [1] 14,337 11,359 6,287
[1] For the fiscal year ended September 30, 2020, represents earnings per share of Class A common stock and weighted-average shares of Class A common stock outstanding for the period from February 11, 2020 through September 30, 2020, the period following OneWater Marine Inc.’s initial public offering. See Note 1.