← Callaway Golf Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | 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) Attributable to Parent | $189.9m | $40.8m | $104.7m | $79.4m | ($126.9m) | $322.0m | $157.9m | $95.0m | ($1.4b) | ($409.3m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $191.0m | $41.7m | $105.3m | $79.2m | ($126.9m) | $322.0m | $157.9m | $95.0m | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $99.5m | $93.4m | $38.8m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | ($448.1m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | ($448.1m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.1m | $861k | $514k | ($179k) | $0 | $0 | — | — | — | — | |
| Depreciation, Depletion and Amortization | $16.6m | $17.6m | $19.9m | $35.0m | $39.5m | $155.8m | $192.8m | $239.7m | $268.4m | $46.4m | |
| Amortization of Debt Issuance Costs | — | — | — | — | $4.2m | $5.3m | $9.8m | $6.5m | $5.7m | $6.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | $10.5m | $19.3m | $9.8m | $6.5m | $5.7m | $6.0m | |
| Amortization of Intangible Assets | $71k | $546k | $1.1m | $4.9m | $5.1m | $13.0m | $15.2m | $14.1m | $11.7m | $900k | |
| Depreciation | $16.6m | $17.6m | $19.9m | $35.0m | $34.4m | $142.8m | $177.6m | $225.6m | $256.7m | $45.5m | |
| Deferred Income Tax Expense (Benefit) | ($140.9m) | $18.4m | $16.8m | $4.2m | ($9.1m) | $8.8m | ($37.9m) | ($81.1m) | ($47.3m) | $18.9m | |
| Share-based Payment Arrangement, Noncash Expense | $9.0m | $12.6m | $13.5m | $12.9m | $10.9m | $38.7m | $47.0m | $46.7m | $37.0m | $23.8m | |
| Share-based Payment Arrangement, Expense | $9.3m | $12.6m | $13.5m | $12.9m | $10.9m | $38.7m | $47.0m | $46.7m | $38.1m | $23.8m | |
| Goodwill and Intangible Asset Impairment | — | $0 | $0 | $0 | $174.3m | $0 | $0 | — | $1.5b | — | |
| Goodwill, Impairment Loss | — | — | — | — | $148.4m | $0 | $0 | $0 | $1.4b | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $0 | $0 | $0 | $0 | $99.6m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $116k | ($1.5m) | $13k | ($218k) | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | ($336k) | ($381k) | — | — | — | ($1.2m) | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | ($9.6m) | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | ($10.5m) | ($4.7m) | $0 | |
| Income Tax Expense (Benefit) | ($132.6m) | $26.4m | $26.0m | $16.5m | ($544k) | $28.7m | ($16.0m) | ($60.2m) | ($25.5m) | $48.8m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $231.2m | $60.6m | |
| Other Nonoperating Income (Expense) | ($1.7m) | ($6.9m) | $7.8m | $1.6m | $25.0m | $9.0m | $27.9m | $7.3m | $15.2m | $20.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $17.0m | ($51.6m) | $2.1m | $44.5m | ($9.9m) | ($38.2m) | $75.6m | $34.2m | ($17.2m) | ($23.5m) | |
| Increase (Decrease) in Inventories | ($24.3m) | $52.0m | $78.0m | $34.0m | ($117.0m) | $177.5m | $442.4m | ($163.2m) | ($12.2m) | ($9.2m) | |
| Accretion Expense | — | — | — | — | — | $11.6m | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $226k | $808k | ($2.8m) | ($5.8m) | $9.0m | ($6.4m) | ($18.3m) | ($6.4m) | ($22.3m) | $17.5m | |
| Gain (Loss) on Investments | — | — | — | — | — | $252.5m | $0 | $0 | — | — | |
| General and Administrative Expense | $72.0m | $94.2m | $100.5m | $145.3m | $150.7m | — | — | — | — | — | |
| Goodwill | $25.6m | $56.4m | $55.8m | $203.7m | $56.7m | $2.0b | $2.0b | $2.0b | $620.2m | $619.8m | |
| Operating Costs and Expenses | — | — | — | — | — | $2.9b | $3.7b | $4.0b | $5.5b | $739.5m | |
| Operating Expenses | $340.8m | $401.6m | $449.9m | $634.1m | $763.1m | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $2.6m | $5.4m | $1.6m | $368k | $248k | $22.3m | $700k | $4.2m | $100k | $100k | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | — | — | $17.9m | $18.7m | $16.5m | $26.0m | — | |
| Stock or Unit Option Plan Expense | $146k | $34k | $14k | $0 | $0 | $2.6m | $1.4m | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | ($2.8m) | ($276k) | ($17.5m) | ($8.7m) | ($7.5m) | $1.8m | |
| Net Cash Provided by (Used in) Operating Activities | $77.7m | $117.7m | $92.3m | $86.5m | $228.2m | $278.3m | ($35.1m) | $364.7m | $382.0m | $334.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $16.2m | $26.2m | $36.8m | $54.7m | $39.3m | $322.3m | $532.3m | $482.0m | $295.4m | $31.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $183.5m | $0 | $463.1m | $0 | $0 | — | — | $23.3m | — | |
| Payments to Acquire Investments | — | — | — | $17.9m | — | $30.0m | $0 | $2.5m | $4.3m | $1.1m | |
| Payments for (Proceeds from) Other Investing Activities | $1.4m | $21.5m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | $9.0m | ($230.6m) | ($38.5m) | ($535.7m) | ($59.2m) | ($161.9m) | ($535.1m) | ($542.9m) | ($297.3m) | $21.6m | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | — | $0 | $2.2m | $36.7m | $12.4m | $200.7m | $96.6m | $794.5m | $78.9m | $18.0m | |
| Payments for Repurchase of Common Stock | $5.1m | $16.6m | $22.5m | $28.1m | $22.2m | $38.1m | $35.8m | $56.0m | $31.4m | $3.7m | |
| Dividends paid | $3.8m | $3.8m | $3.8m | $3.8m | $1.9m | $3k | $0 | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $20k | $0 | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($9.3m) | $69.4m | ($75.1m) | $492.5m | $96.1m | ($124.1m) | $425.3m | $375.8m | ($23.6m) | $91.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($715k) | ($5.6m) | ($752k) | ($9.4m) | ($2.2m) | ($9.6m) | $6.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($715k) | $259.5m | ($8.4m) | ($154.3m) | $195.4m | $51.5m | $453.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($715k) | $366.1m | $357.7m | $203.4m | $398.8m | $450.3m | $903.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.6m | $4.6m | $5.0m | $32.9m | $34.4m | $88.6m | $111.1m | $184.7m | $198.7m | $200.1m | |
| Income Taxes Paid, Net | $6.1m | $10.8b | $10.0m | $9.5m | $3.1m | $9.4m | $28.1m | $21.5m | $20.9m | $22.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.