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ONESPAWORLD HOLDINGS Ltd

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

OSW$32.22-0.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated and Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31,
202320222021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income$(2,974)$53,159$(68,522)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization22,04022,35322,468
Long-lived assets impairment2,129——
Stock-based compensation10,13812,89310,646
Amortization of deferred financing costs1,4631,1031,026
Income tax benefit from change in reserve of uncertain tax positions(3,440)——
Change in fair value of warrant liabilities37,557(54,400)2,600
Provision for doubtful accounts5918453
Inventories impairment charges——3,977
Loss from write-offs of property and equipment1410177
Deferred income taxes(2,092)(181)89
Changes in:
Accounts receivable. net(7,285)(14,096)(16,939)
Inventories, net(7,669)(10,352)(6,260)
Prepaid expenses3,440(510)376
Other current assets(2,953)(460)1,013
Other non-current assets(434)55375
Accounts payable7,5818,2787,245
Accrued expenses5,9926,5676,471
Other current liabilities(238)242(94)
Income tax contingency—17(263)
Noncash lease expense486758
Net cash provided by (used in) operating activities63,37624,763(35,104)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures(5,415)(4,825)(2,868)
Net cash used in investing activities(5,415)(4,825)(2,868)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from At-the Market Equity Offering, net of issuance costs paid——27,474
Proceeds from exercise of warrants2,42659—
Repurchase of common shares(9,042)——
Repayment on term loan and revolver facilities(56,042)(18,776)—
Net cash (used in) provided by financing activities(62,658)(18,717)27,474
Effect of exchange rate changes on cash337(792)(117)
Net (decrease) increase in cash, cash equivalents and restricted cash(4,360)429(10,615)
Cash, cash equivalents and restricted cash, Beginning of period33,26232,83343,448
Cash, cash equivalents and restricted cash, End of period$28,902$33,262$32,833

CONSOLIDATED A STATEMENTS OF CASH FLOWS (CONTINUED)

Year Ended December 31,
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:202320222021
Cash paid during the period for:
Income taxes$4,716$434$160
Interest$21,343$14,008$12,567
Non-cash financing transactions:
Exchange of warrants into common shares$45,261$—$—
Cashless exercise of warrants$24,370$—$—
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.