Acushnet Holdings Corp. (GOLF) financial statements (2022 and earlier)

Company profile

Business Address 333 BRIDGE STREET
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)

Current Assets
Cash, cash equivalents, and short-term investments     76
Cash and cash equivalents     76
Receivables174202 186191178
Inventory, net of allowances, customer advances and progress billings413358 361364323
Inventory413358 361364323
Other current assets10089 868585
Other undisclosed current assets282151 31483
Total current assets:969800 664687665
Noncurrent Assets
Finance lease, right-of-use asset11 
Operating lease, right-of-use asset4654 
Property, plant and equipment   228229240
Intangible assets, net (including goodwill)676689 688667669
Goodwill210215 210186179
Intangible assets, net (excluding goodwill)465474 478481490
Deferred income tax assets6180 
Other noncurrent assets6875 333432
Deferred tax assets, net 110130
Other undisclosed noncurrent assets185168 78  
Total noncurrent assets:1,0371,067 1,0281,0401,072
TOTAL ASSETS:2,0061,867 1,6921,7271,736
Current Liabilities
Accounts payable and accrued liabilities334236 201207354
Accounts payable164113 869388
Employee-related liabilities11382 7780224
Taxes payable5741 383442
Debt1820 3747104
Other undisclosed current liabilities131101 57525
Total current liabilities:483358 295307462
Noncurrent Liabilities
Long-term debt and lease obligation, including:297314 347417348
Long-term debt, excluding current maturities297314    
Finance lease, liability10 
Operating lease, liability3641 
Other undisclosed long-term debt and lease obligation(37)(41) 347417348
Liabilities, other than long-term debt142178 118156157
Deferred tax liabilities, net 97
Deferred income tax liabilities54 
Liability, pension and other postretirement and postemployment benefits94122 102130135
Other liabilities4352 161714
Other undisclosed noncurrent liabilities   5  
Total noncurrent liabilities:439491 470573505
Total liabilities:922849 765880967
Temporary equity, carrying amount30    
Stockholders' equity
Stockholders' equity attributable to parent1,043984 895815736
Common stock00 000
Treasury stock, value(131)(45)    
Additional paid in capital948925 911895881
Accumulated other comprehensive loss(100)(96) (89)(82)(91)
Retained earnings (accumulated deficit)325200 732(54)
Stockholders' equity attributable to noncontrolling interest3733 323333
Total stockholders' equity:1,0801,017 927847769
TOTAL LIABILITIES AND EQUITY:2,0061,867 1,6921,7271,736

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

Revenues2,1481,612 1,6341,5601,572
Revenue, net1,5601,572
Cost of revenue
(Cost of Goods and Services Sold)
(1,029)(782) (791)(759)(774)
Gross profit:1,118830 842801799
Operating expenses(851)(673) (663)(628)(658)
Other undisclosed operating loss(8)(12) (7)(6) 
Operating income:260145 172166141
Nonoperating income (expense)(4)(17) (4)1(2)
Investment income, nonoperating14 1(1)(2)
Foreign currency transaction gain, before tax     2
Net periodic defined benefits expense (reversal of expense), excluding service cost component(6)(10) (4)
Interest and debt expense(8)(16) (20)(17)(50)
Other undisclosed income from continuing operations before equity method investments, income taxes 0 11 
Income from continuing operations before equity method investments, income taxes:247113 15015289
Other undisclosed income from continuing operations before income taxes1    76
Income from continuing operations before income taxes:248113 150152165
Income tax expense(64)(13) (47)(55)(40)
Income before gain (loss) on sale of properties:184100 10397125
Other undisclosed net loss     (76)
Net income:184100 1039750
Net loss attributable to noncontrolling interest(5)(4) (3)(5)(5)
Net income attributable to parent:17996 1009245
Preferred stock dividends and other adjustments     (12)
Other undisclosed net loss available to common stockholders, basic     (10)
Net income available to common stockholders, basic:17996 1009223
Convertible preferred dividends     17
Dilutive securities, effect on basic earnings per share     16
Other undisclosed net loss available to common stockholders, diluted     (17)
Net income available to common stockholders, diluted:17996 1009240

Comprehensive Income ($ in millions)

Net income:184100 1039750
Other comprehensive income (loss)(3)16 (1)9(24)
Comprehensive income:181116 10210626
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(4) (3)(5)(5)
Comprehensive income, net of tax, attributable to parent:176112 9910121

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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