Callaway Golf Company (ELY) financial statements (2022 and earlier)

Company profile

Business Address 2180 RUTHERFORD RD
CARLSBAD, CA 92008-8815
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments352366107648612650
Cash and cash equivalents352366107648612650
Restricted cash and investments1      
Receivables1051391507295129116
Inventory, net of allowances, customer advances and progress billings533353457338262189209
Inventory533353457338262189209
Prepaid expense54      
Other current assets119557651231717
Total current assets:1,166913789525466460391
Noncurrent Assets
Finance lease, right-of-use asset 1 
Operating lease, right-of-use asset1,385195 
Nontrade receivables  1    
Property, plant and equipment1,45114613388705456
Long-term investments and receivables    704953
Long-term investments    704953
Intangible assets, net (including goodwill)3,489541697281282114115
Goodwill1,9605720456562627
Intangible assets, net (excluding goodwill)1,5294844932252268989
Deferred income tax assets 60 
Other noncurrent assets2181516121188
Deferred tax assets, net74    
Other undisclosed noncurrent assets39110250147911157
Total noncurrent assets:6,5821,0681,171528525341240
TOTAL ASSETS:7,7481,9811,9611,053991801631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:491279276209176133123
Accounts payable139666842635555
Accrued liabilities137165196127885747
Employee-related liabilities12931     
Taxes payable 6     
Other undisclosed accounts payable and accrued liabilities87101239252021
Deferred revenue94  
Debt20447221215
Other liabilities48      
Other undisclosed current liabilities21368240921364241
Total current liabilities:866391523303314187179
Noncurrent Liabilities
Long-term debt and lease obligation2,54382944379  
Long-term debt, excluding current maturities1,02565144379  
Finance lease, liability132  
Operating lease, liability1,385178 
Liabilities, other than long-term debt328858988640
Accounts payable and accrued liabilities 774543
Deferred tax liabilities, net7322235
Deferred income tax liabilities16459 
Other liabilities1642082211
Other undisclosed noncurrent liabilities328 138    
Total noncurrent liabilities:3,1999146701517640
Total liabilities:4,0651,3051,193319332193218
Stockholders' equity
Stockholders' equity attributable to parent3,683676767725650599413
Common stock2111111
Treasury stock, value(25)(26)(24)(18)(4)(1)(0)
Additional paid in capital3,052347324341335330323
Accumulated other comprehensive loss(27)(7)(22)(14)(6)(18)(12)
Retained earnings682360489414324287101
Stockholders' equity attributable to noncontrolling interest   101010 
Total stockholders' equity:3,683676767734659609413
TOTAL LIABILITIES AND EQUITY:7,7481,9811,9611,053991801631

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,1331,5891,7011,2431,049871844
Revenue, net1,049871844
Cost of revenue
(Cost of Goods and Services Sold)
(12)(932)(934)(664)(568)(486)(486)
Gross profit:3,122658767578480385358
Operating expenses(2,929)(763)(634)(450)(402)(341)(331)
Other undisclosed operating income12      
Operating income (loss):205(106)133128794427
Nonoperating income (expense)2612528(7)(2)1
Investment income, nonoperating253      
Other nonoperating income (expense)92528(7)(2)1
Interest and debt expense(116)(47)(39)(6)(4)(2)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes 0110180
Income (loss) from continuing operations before income taxes:351(127)96131685820
Income tax expense (benefit)(29)1(17)(26)(26)133(5)
Net income (loss):322(127)791054219115
Other undisclosed net income (loss) attributable to parent  0(1)(1)(1) 
Net income (loss) available to common stockholders, diluted:322(127)791054119015

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):322(127)791054219115
Other comprehensive income (loss)(21)(114)6998541831
Other undisclosed comprehensive income (loss) 130(78)(105)(41)(192) 
Comprehensive income (loss):301(111)70985418215
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  0(0)(0)1 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (12)
Comprehensive income (loss), net of tax, attributable to parent:301(111)7198541834

Statements sources

The financial statements are based on the company's filings with the 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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