XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 594,339 $ 568,900 $ 1,485,329 $ 1,347,299
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales 434,905 384,961 1,069,210 919,853
Selling, general and administrative expenses 92,841 87,867 260,872 222,455
Depreciation and amortization 5,980 4,073 17,310 10,549
Transaction costs 97 1,337 1,668 5,158
Change in fair value of contingent consideration 436 3,118 763 11,022
Income from operations 60,080 87,544 135,506 178,262
Other expense (income):        
Interest expense – floor plan 7,436 1,131 17,687 3,056
Interest expense – other 9,077 3,311 25,265 7,937
Other expense (income), net 361 (166) (465) 491
Total other expense, net 16,874 4,276 42,487 11,484
Income before income tax expense 43,206 83,268 93,019 166,778
Income tax expense 9,916 18,785 21,264 36,455
Net income 33,290 64,483 71,755 130,323
Less: Net income attributable to non-controlling interests (938) (959) (3,468) (1,970)
Less: Net income attributable to non-controlling interests of One Water Marine Holdings, LLC (3,782) (7,547) (8,013) (16,060)
Net income attributable to OneWater Marine Inc. 28,570 55,977 60,274 112,293
New boat        
Revenues:        
Total revenues 371,645 376,886 959,334 903,104
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales 295,483 274,544 745,767 659,046
Pre-owned boat        
Revenues:        
Total revenues 111,469 98,181 242,641 227,484
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales 86,414 68,749 184,898 164,078
Finance & insurance income        
Revenues:        
Total revenues 19,028 18,979 43,286 43,234
Service, parts & other        
Revenues:        
Total revenues 92,197 74,854 240,068 173,477
Cost of sales (exclusive of depreciation and amortization shown separately below):        
Total cost of sales $ 53,008 $ 41,668 $ 138,545 $ 96,729
Class A Common Stock        
Other expense (income):        
Earnings per share, basic (in dollars per share) $ 2.00 $ 3.96 $ 4.21 $ 8.14
Earnings per share, diluted (in dollars per share) $ 1.95 $ 3.86 $ 4.12 $ 7.90
Weighted-average number of shares used to compute net loss per share, basic (in shares) 14,314 14,133 14,317 13,791
Weighted-average number of shares used to compute net loss per share, diluted (in shares) 14,675 14,512 14,639 14,205