ONESPAWORLD HOLDINGS Ltd
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated and Statements of Equity
CONSOLIDATED STATEMENTS OF EQUITY
| IssuedCommonVotingShares | IssuedCommonNon-VotingShares | Voting andNon-VotingCommonStock | AdditionalPaid-inCapital | AccumulatedOtherComprehensive(Loss) Income | AccumulatedDeficit | TotalShareholders’Equity | |
|---|---|---|---|---|---|---|---|
| BALANCE, December 31, 2021 | 78,423 | 13,422 | $9 | $687,660 | $(1,997) | $(391,768) | $293,904 |
| Net income | — | — | — | — | — | 53,159 | 53,159 |
| Stock-based compensation | — | — | — | 12,893 | — | — | 12,893 |
| Foreign currency translation adjustment | — | — | — | — | (556) | — | (556) |
| Unrecognized gain on derivatives | — | — | — | — | 6,350 | — | 6,350 |
| Proceeds from 2021 exercise of public warrants | — | — | — | 59 | — | — | 59 |
| Common shares issued under equity incentive plan | 1,121 | — | — | — | — | — | — |
| BALANCE, December 31, 2022 | 79,544 | 13,422 | $9 | $700,612 | $3,797 | $(338,609) | $365,809 |
| Net loss | — | — | — | — | — | (2,974) | (2,974) |
| Stock-based compensation | — | — | — | 10,138 | — | — | 10,138 |
| Repurchase and retirement of common shares | (789) | — | — | (6,167) | — | (2,875) | (9,042) |
| Foreign currency translation adjustment | — | — | — | — | 312 | — | 312 |
| Unrecognized loss on derivatives | — | — | — | — | (2,654) | — | (2,654) |
| Exchange of warrants into common shares | 3,854 | — | 1 | 45,260 | — | — | 45,261 |
| Exercise of warrants | 212 | — | — | 2,849 | — | — | 2,849 |
| Cashless exercise of warrants | 84 | 2,123 | — | 24,370 | — | — | 24,370 |
| Common shares issued under equity incentive plan | 1,285 | — | — | — | — | — | — |
| Conversion of non-voting common shares into voting shares | 15,545 | (15,545) | — | — | — | — | — |
| BALANCE, December 31, 2023 | 99,735 | — | $10 | $777,062 | $1,455 | $(344,458) | $434,069 |
| Net income | — | — | — | — | — | 72,864 | 72,864 |
| Stock-based compensation | — | — | — | 9,071 | — | — | 9,071 |
| Foreign currency translation adjustment | — | — | — | — | (51) | — | (51) |
| Repurchase and retirement of common shares (1) | (1,351) | — | — | (10,693) | — | (8,295) | (18,988) |
| Unrecognized loss on derivatives | — | — | — | — | (1,007) | — | (1,007) |
| Accrued dividends cancelled on common stock (1) | — | — | — | 2,449 | — | — | 2,449 |
| Exercise of Sponsor and Public Warrants (2) | 4,503 | — | — | 57,628 | — | — | 57,628 |
| Cashless exercise of 2020 PIPE Warrants (3) | 497 | — | — | 6,793 | — | — | 6,793 |
| Dividends | — | — | — | (8,331) | — | — | (8,331) |
| Common shares issued under equity incentive plan | 1,167 | — | — | — | — | — | — |
| BALANCE, December 31, 2024 | 104,551 | — | $10 | $833,979 | $397 | $(279,889) | $554,497 |
(1) See Note 9– "Equity" for further details.
(2) The exercise of Sponsor and Public Warrants includes $51.7 million of cash received and a reduction of Warrant liabilities related to the exercise of the Sponsor and Public Warrants. See Note 8 – “Warrant Liabilities” for further details.
(3) As a result of the 2020 PIPE Warrants exercised on a cashless basis, the Warrant liability of $6.8 million was reclassified to Additional paid-in capital. See Note 8 – “Warrant Liabilities" for further details.
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