← ONESPAWORLD HOLDINGS Ltd

Annual Trend FY 2017 FY 2018 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net income (loss) $33.2m $13.7m ($280.5m) ($68.5m) $53.2m ($3.0m) $72.9m $71.6m
Net Income From Continuing Operations — — — — $53.2m ($3.0m) $72.9m $71.6m
Net Income (Loss) Attributable to Parent $33.2m $9.9m ($288.0m) ($68.5m) $53.2m ($3.0m) $72.9m $71.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $13.7m ($288.0m) ($68.5m) $53.2m ($3.0m) $72.9m $71.6m
Net Income (Loss) Attributable to Noncontrolling Interest — $3.9m — — — — — —
Depreciation and amortization $9.8m $10.1m $24.5m $22.5m $22.4m $22.0m $24.3m $25.3m
Amortization of deferred financing costs — $1.2m $1.0m $1.0m $1.1m $1.5m $782k $419k
Depreciation Amortization Depletion — — — — $22.4m $22.0m $24.3m $25.3m
Depreciation, Depletion and Amortization $9.8m $10.1m $24.5m $22.5m $22.4m $22.0m $24.3m $25.3m
Amortization of Debt Issuance Costs — $1.2m $1.0m $1.0m $1.1m $1.5m $782k $419k
Amortization of Intangible Assets — $3.5m $16.8m $16.8m $16.8m $16.8m $16.6m $16.5m
Deferred income taxes $3.4m ($1k) $1.6m $89k ($181k) ($2.1m) $1.1m $907k
Deferred Income Tax — — — — ($181k) ($5.5m) $1.1m $907k
Deferred Tax — — — — ($181k) ($5.5m) $1.1m $907k
Deferred Income Tax Expense (Benefit) — ($1k) $1.6m $89k ($181k) ($2.1m) $1.1m $907k
Long-lived assets impairment — — $190.8m — — $2.1m $376k $3.1m
Asset Impairment Charge — — — — $10k $2.1m $495k $3.1m
Share-based Payment Arrangement, Noncash Expense — — $5.0m $10.6m $12.9m $10.1m $9.1m $10.1m
Share-based Payment Arrangement, Expense — — $4.9m $10.6m $12.9m $10.1m $9.1m $10.1m
Goodwill and Intangible Asset Impairment — — $190.8m — — $2.1m $376k $3.1m
Goodwill, Impairment Loss — $0 $190.1m $0 $0 — — —
Impairment of Intangible Assets (Excluding Goodwill) — — $700k $0 $0 — — —
Impairment of Intangible Assets, Finite-lived — — — — — $2.1m $376k $3.1m
Loss on divestitures and liquidations, net — — — — — — — $364k
Losses on early extinguishment of debt — — — — — — $735k —
Loss from write-offs of property and equipment — — $90k $177k $10k $14k $119k —
Gain (Loss) on Disposition of Business — — — — — — — ($364k)
Gain (Loss) on Extinguishment of Debt — — — — — — ($735k) —
Income Tax Expense (Benefit) — $1.1m $814k $429k $624k ($1.5m) $4.0m $4.5m
Interest Expense Nonoperating — — — — — — $10.0m $5.7m
Operating Lease, Expense — $9.5m $5.5m $7.4m $8.6m $10.1m $9.5m $7.9m
Other Nonoperating Income (Expense) — $171k — — — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Stock-based compensation — — $5.0m $10.6m $12.9m $10.1m $9.1m $10.1m
Income tax benefit from change in reserve of uncertain tax positions — — — — — ($3.4m) — —
Warrant issuance costs — — $1.4m — — — — —
Change in fair value of warrant liabilities — — $6.1m $2.6m ($54.4m) $37.6m ($7.7m) —
Provision for doubtful accounts $18k $18k $172k $453k $18k $59k $18k $18k
Noncash lease expense — — — $58k $67k $48k — $329k
Accounts receivable. net ($2.4m) ($2.1m) $27.3m ($16.9m) ($14.1m) ($7.3m) ($5.5m) ($2.6m)
Inventories, net $8.2m ($7.0m) $2.9m ($6.3m) ($10.4m) ($7.7m) $756k ($12.8m)
Prepaid expenses ($160k) ($1.8m) $705k $376k ($510k) $3.4m ($677k) ($2.7m)
Other current assets $100k ($340k) $725k $1.0m ($460k) ($3.0m) ($1.4m) $386k
Other non-current assets ($5.4m) $652k ($3.0m) $375k $55k ($434k) ($22.1m) ($3.7m)
Accounts payable $2.4m $1.7m ($14.8m) $7.2m $8.3m $7.6m ($2.0m) $2.8m
Accrued expenses ($718k) $7.7m $1.5m $6.5m $6.6m $6.0m $647k ($10.1m)
Other current liabilities ($135k) $499k ($139k) ($94k) $242k ($238k) ($15k) ($125k)
Other long-term liabilities — — — — — — $7.3m $81k
Proceeds from At-the Market Equity Offering, net of issuance costs paid — — $11.1m $27.5m — — — —
Proceeds from exercise of warrants — — — — $59k $2.4m $51.7m —
Repurchase of common shares — — — — — ($9.0m) ($19.0m) ($75.4m)
Proceeds from term loan facility — — — — — — $100.0m —
Repayment on first and second lien term loan facilities — — ($13.0m) — ($18.8m) ($56.0m) ($159.6m) ($15.0m)
Payment of deleveraging fee on first lien term loan facilities — — — — — — ($5.4m) —
Payment of deferred financing costs — — — — — — ($1.5m) ($9k)
Purchase of public warrants — — ($879k) — — — — —
Income taxes $364k $1.0m $115k $160k $434k $4.7m $3.3m $2.9m
Interest — $30.3m $11.7m $12.6m $14.0m $21.3m $11.4m $6.1m
Exchange of warrants into common shares — — — — — $45.3m — —
Cashless exercise of warrants — — — — — $24.4m $6.8m —
Accrued dividends cancelled on common stock — — — — — — $2.4m —
Initial measurement of warrants accounted for as a liability — — $16.2m — — — — —
2020 Private Placement issuance cost accrued — — $381k — — — — —
At-the Market Equity Offering issuance cost accrued — — $267k — — — — —
Cash Flow From Continuing Operating Activities $70.1m $32.4m ($36.5m) ($35.1m) $24.8m $63.4m $78.8m $83.5m
Beginning Cash Position — — — — $32.8m $33.3m $28.9m $58.6m
Cash Flow From Continuing Financing Activities — — — — ($18.7m) ($62.7m) ($42.2m) ($107.9m)
Cash Flow From Continuing Investing Activities — — — — ($4.8m) ($5.4m) ($6.7m) ($16.7m)
Change In Account Payable — — — — $8.3m $7.6m ($2.0m) $2.8m
Change In Accrued Expense — — — — $6.6m $6.0m $647k ($10.1m)
Change In Income Tax Payable — — — ($263k) $17k $0 $0 —
Change In Inventory — — — — ($10.4m) ($7.7m) $756k ($12.8m)
Change In Other Current Assets — — — — ($405k) ($3.4m) ($23.5m) ($3.3m)
Change In Other Current Liabilities — — — — $242k ($238k) $7.3m ($44k)
Change In Other Working Capital — — — $58k $67k $48k — —
Change In Payable — — — — $8.3m $7.6m ($2.0m) $2.8m
Change In Payables And Accrued Expense — — — — $14.9m $13.6m ($1.3m) ($7.3m)
Change In Prepaid Assets — — — — ($510k) $3.4m ($677k) ($2.7m)
Change In Receivables — — — — ($14.1m) ($7.3m) ($5.5m) ($2.6m)
Change In Tax Payable — — — ($263k) $17k $0 $0 —
Change In Working Capital — — — — ($10.2m) ($1.6m) ($22.9m) ($28.7m)
Changes In Account Receivables — — — — ($14.1m) ($7.3m) ($5.5m) ($2.6m)
Changes In Cash — — — — $1.2m ($4.7m) $29.8m ($41.1m)
End Cash Position — — — — $33.3m $28.9m $58.6m $17.5m
Financing Cash Flow — — — — ($18.7m) ($62.7m) ($42.2m) ($107.9m)
Free Cash Flow — — — — $19.9m $58.0m $72.1m $68.4m
Gain Loss On Investment Securities — — — $2.6m ($54.4m) $37.6m ($7.7m) —
Gain Loss On Sale Of Business — — — — — $0 $0 $364k
Investing Cash Flow — — — — ($4.8m) ($5.4m) ($6.7m) ($16.7m)
Issuance Of Capital Stock — — — $27.5m $0 $0 — —
Net Business Purchase And Sale — — — $0 — $0 $0 ($1.6m)
Operating Gains Losses — — — — ($54.4m) $37.6m ($6.9m) $364k
Other Non Cash Items — — — — $1.1m $1.5m $782k $748k
Proceeds From Stock Option Exercised — — — — $59k $2.4m $51.7m $0
Provisionand Write Offof Assets — — — — $18k $59k $18k $18k
Purchase Of Business — — — $0 — $0 $0 ($1.6m)
Repurchase Of Capital Stock — — — — $0 ($9.0m) ($19.0m) ($75.4m)
Increase (Decrease) in Accounts Receivable — $2.1m ($27.3m) $16.9m $14.1m $7.3m $5.5m $2.6m
Increase (Decrease) in Inventories — $7.0m ($2.9m) $6.3m $10.4m $7.7m ($756k) $12.8m
General and Administrative Expense — $9.9m $19.0m $15.5m $15.8m $17.1m $18.8m $18.1m
Goodwill — $33.9m — — — — — —
Inventory Write-down — — $6.0m $4.1m $5.9m — — —
Investment Income, Interest — $238k $30k — — $280k $1.2m $488k
Nonoperating Income (Expense) — ($33.7m) ($22.2m) ($16.0m) $38.6m ($58.7m) ($1.2m) ($5.5m)
Payments for Repurchase of Warrants — — $879k — — — — —
Payments of Financing Costs — — — — — — $1.5m $9k
Restructuring Costs — — — — — — — $2.7m
Net cash provided by operating activities $70.1m $32.4m ($36.5m) ($35.1m) $24.8m $63.4m $78.8m $83.5m
Net Cash Provided by (Used in) Operating Activities $70.1m $32.4m ($36.5m) ($35.1m) $24.8m $63.4m $78.8m $83.5m
Cash flows from investing activities:
Capital expenditures ($2.7m) ($5.0m) ($2.1m) ($2.9m) ($4.8m) ($5.4m) ($6.7m) ($15.1m)
Capital Expenditure Reported — — $2.1m $2.9m ($4.8m) ($5.4m) ($6.7m) ($15.1m)
Cash disposed of in connection with divestiture — — — — — — — ($1.6m)
Receivable recorded in connection with divestitures of subsidiaries — — — — — — — $2.3m
Net cash used in investing activities ($2.7m) ($5.0m) ($2.1m) ($2.9m) ($4.8m) ($5.4m) ($6.7m) ($16.7m)
Net Cash Provided by (Used in) Investing Activities ($2.7m) ($5.0m) ($2.1m) ($2.9m) ($4.8m) ($5.4m) ($6.7m) ($16.7m)
Cash flows from financing activities:
Issuance Of Debt — — — — $0 $0 $100.0m $0
Long Term Debt Issuance — — — — $0 $0 $100.0m $0
Net Issuance Payments Of Debt — — — — ($18.8m) ($56.0m) ($65.1m) ($15.0m)
Net Long Term Debt Issuance — — — — ($18.8m) ($56.0m) ($65.1m) ($15.0m)
Long Term Debt Payments — — — — ($18.8m) ($56.0m) ($165.1m) ($15.0m)
Repayment Of Debt — — — — ($18.8m) ($56.0m) ($165.1m) ($15.0m)
Common stock issued to purchase noncontrolling interest — — $1.5m — — — — —
Common Stock Issuance — — — $27.5m $0 $0 — —
Net Common Stock Issuance — — — — $0 ($9.0m) ($19.0m) ($75.4m)
Common Stock Payments — — — — $0 ($9.0m) ($19.0m) ($75.4m)
Payments for Repurchase of Common Stock — — — — — $9.0m $19.0m $75.4m
Payments of Ordinary Dividends, Common Stock — — $2 — — — $8 $17
Distributions to noncontrolling interest ($4.6m) ($4.9m) ($4.0m) — — — — —
Cash paid to acquire noncontrolling interest — — ($10.8m) — $14.0m $21.3m $11.4m $6.1m
Dividends — — — — — — ($8.3m) ($17.5m)
Dividend paid on common stock — — ($2.4m) — — — — —
Unpaid declared dividends — — $2.4m — — — — —
Cash Dividends Paid — — — — $0 $0 ($8.3m) ($17.5m)
Common Stock Dividend Paid — — — — $0 $0 ($8.3m) ($17.5m)
Dividends Payable — — $2 $2 $2 $2 — —
Net Other Financing Charges — — — — — — ($1.5m) ($9k)
Net cash used in financing activities ($65.5m) ($20.6m) $68.5m $27.5m ($18.7m) ($62.7m) ($42.2m) ($107.9m)
Net Cash Provided by (Used in) Financing Activities ($65.5m) ($20.6m) $68.5m $27.5m ($18.7m) ($62.7m) ($42.2m) ($107.9m)
Effect of exchange rate changes on cash $124k ($216k) ($280k) ($117k) ($792k) $337k ($112k) ($21k)
Effect Of Exchange Rate Changes — — — — ($792k) $337k ($112k) ($21k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $6.6m $29.6m ($10.6m) $429k ($4.4m) $29.7m ($41.1m)
Net (decrease) increase in cash, cash equivalents and restricted cash $2.1m $6.6m $29.6m ($10.6m) $429k ($4.4m) $29.7m ($41.1m)
Cash, cash equivalents and restricted cash, Beginning of period $8.7m $15.3m $43.4m $32.8m $33.3m $28.9m $58.6m $17.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — $429k ($4.4m) $29.7m ($41.1m)
Income Tax Paid Supplemental Data — — — — $434k $4.7m $3.3m $2.9m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — ($10.8m) $12.6m $14.0m $21.3m $11.4m $6.1m
Income Taxes Paid, Net — — — — $434k $4.7m $3.3m $2.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.