Callaway Golf Company (ELY) Financial Statements (2024 and earlier)

Company Profile

Business Address 2180 RUTHERFORD RD
CARLSBAD, CA 92008-8815
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3949 - Sporting and Athletic Goods, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1803523661076486
Cash and cash equivalents1803523661076486
Restricted cash and investments191    
Receivables1671051391507295
Inventory, net of allowances, customer advances and progress billings959533353457338262
Inventory959533353457338262
Prepaid expense5754    
Other current assets13611955765123
Total current assets:1,5191,166913789525466
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1 ✕✕
Operating lease, right-of-use asset1,4191,385195 ✕✕
Nontrade receivables    1  
Property, plant and equipment1,8101,4511461338870
Long-term investments and receivables      70
Long-term investments      70
Intangible assets, net (including goodwill)1,9843,489541697281282
Goodwill1,9841,960572045656
Intangible assets, net (excluding goodwill) 1,529484493225226
Deferred income tax assets   60 ✕✕
Other noncurrent assets35521815161211
Deferred tax assets, net✕✕✕✕74  
Other undisclosed noncurrent assets 1,5043911025014791
Total noncurrent assets:7,0726,5821,0681,171528525
TOTAL ASSETS:8,5907,7481,9811,9611,053991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:580491279276209176
Taxes payable✕✕ 6   
Employee-related liabilities✕✕12931   
Accounts payable15913966684263
Accrued liabilities40613716519612788
Other undisclosed accounts payable and accrued liabilities158710123925
Deferred revenue9594  ✕✕
Debt4402044722
Other liabilities3548    
Other undisclosed current liabilities262136824092136
Total current liabilities:1,176866391523303314
Noncurrent Liabilities
Long-term debt and lease obligation1,4022,54382944379
Long-term debt, excluding current maturities1,1761,02565144379
Finance lease, liability 226132  ✕✕
Liabilities, other than long-term debt1,806328858988
Accounts payable and accrued liabilities   7745
Deferred revenue    ✕✕
Deferred tax liabilities, net✕✕✕✕7322
Deferred income tax liabilities11816459 ✕✕
Other liabilities25116420822
Operating lease, liability1,4381,385178 ✕✕
Other undisclosed noncurrent liabilities  328 138  
Total noncurrent liabilities:3,2083,1999146701517
Total liabilities:4,3844,0651,3051,193319332
Equity
Equity, attributable to parent3,7743,683676767725650
Common stock221111
Treasury stock, value(31)(25)(26)(24)(18)(4)
Additional paid in capital3,0133,052347324341335
Accumulated other comprehensive loss(62)(27)(7)(22)(14)(6)
Retained earnings853682360489414324
Equity, attributable to noncontrolling interest     1010
Total equity:3,7743,683676767734659
Other undisclosed liabilities and equity432     
TOTAL LIABILITIES AND EQUITY:8,5907,7481,9811,9611,053991

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,9963,1331,5891,7011,2431,049
Revenue, net✕✕✕✕✕✕1,049
Cost of revenue
(Cost of Goods and Services Sold)		(18)(12)(932)(934)(664)(568)
Gross profit:3,9783,122658767578480
Operating expenses(3,739)(2,929)(763)(634)(450)(402)
Other undisclosed operating income1812    
Operating income (loss):257205(106)13312879
Nonoperating income (expense)282612528(7)
Investment income, nonoperating  253    
Other nonoperating income (expense)2892528(7)
Interest and debt expense(143)(116)(47)(39)(6)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes   0110
Income (loss) from continuing operations before income taxes:142351(127)9613168
Income tax expense (benefit)16(29)1(17)(26)(26)
Income (loss) from continuing operations:158322(127)7910542
Income (loss) before gain (loss) on sale of properties:✕✕322(127)7910542
Net income (loss):158322(127)7910542
Other undisclosed net income (loss) attributable to parent    0(1)(1)
Net income (loss) available to common stockholders, basic:158322(127)7910541
Interest on convertible debt6     
Net income (loss) available to common stockholders, diluted:164322(127)7910541

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):158322(127)7910542
Other comprehensive income (loss)(34)(21)(114)699854
Other undisclosed comprehensive income (loss)   130(78)(105)(41)
Comprehensive income (loss):124301(111)709854
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    0(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:124301(111)719854

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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