Acushnet Holdings Corp. (GOLF) Financial Statements (2024 and earlier)

Company Profile

Business Address 333 BRIDGE STREET
FAIRHAVEN, MA 02719
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
Receivables217174202215186191
Inventory, net of allowances, customer advances and progress billings675413358398361364
Inventory675413358398361364
Other current assets10910089958685
Other undisclosed current assets59282151343148
Total current assets:1,059969800743664687
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization2110✕✕
Operating lease, right-of-use asset58465444✕✕
Property, plant and equipment     228229
Intangible assets, net (including goodwill)751676689695688667
Goodwill225210215214210186
Intangible assets, net (excluding goodwill)526465474481478481
Deferred income tax assets48618071✕✕
Other noncurrent assets826875773334
Deferred tax assets, net✕✕✕✕✕ 110
Other undisclosed noncurrent assets19518516818778 
Total noncurrent assets:1,1351,0371,0671,0741,0281,040
TOTAL ASSETS:2,1942,0061,8671,8171,6921,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities306334236211201207
Taxes payable✕✕5741363834
Employee-related liabilities✕✕11382727780
Accounts payable1671641131028693
Accrued liabilities139     
Debt411820833747
Other undisclosed current liabilities202131101655752
Total current liabilities:549483358359295307
Noncurrent Liabilities
Long-term debt and lease obligation, including:529297314331347417
Long-term debt, excluding current maturities528297314331  
Finance lease, liability1100✕✕
Other undisclosed long-term debt and lease obligation  (37)(41)(34)347417
Liabilities, other than long-term debt134142178176118156
Deferred tax liabilities, net✕✕✕✕✕ 9
Deferred income tax liabilities6545✕✕
Liability, pension and other postretirement and postemployment benefits7494122119102130
Other liabilities544352521617
Operating lease, liability  364134✕✕
Other undisclosed noncurrent liabilities(1)   5 
Total noncurrent liabilities:662439491506470573
Total liabilities:1,210922849865765880
Temporary equity, carrying amount7301  
Equity
Equity, attributable to parent9391,043984918895815
Common stock000000
Treasury stock, value (385)(131)(45)(31)  
Additional paid in capital961948925911911895
Accumulated other comprehensive loss(110)(100)(96)(112)(89)(82)
Retained earnings473325200151732
Equity, attributable to noncontrolling interest383733323233
Total equity:9771,0801,017951927847
TOTAL LIABILITIES AND EQUITY:2,1942,0061,8671,8171,6921,727

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
Revenues2,2702,1481,6121,6811,6341,560
Revenue, net✕✕✕✕✕✕1,560
Cost of revenue
(Cost of Goods and Services Sold)		(1,091)(1,029)(782)(809)(791)(759)
Gross profit:1,1791,118830872842801
Operating expenses(898)(851)(673)(679)(663)(628)
Other undisclosed operating loss  (8)(12)(7)(7)(6)
Operating income:282260145186172166
Nonoperating income (expense)(9)(4)(17)(1)(4)1
Investment income, nonoperating(1)1421(1)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(8)(6)(10)(3)(4)✕
Interest and debt expense(14)(8)(16)(20)(20)(17)
Other undisclosed income from continuing operations before equity method investments, income taxes   0111
Income from continuing operations before equity method investments, income taxes:259247113165150152
Other undisclosed income from continuing operations before income taxes11    
Income from continuing operations before income taxes:259248113165150152
Income tax expense(54)(64)(13)(41)(47)(55)
Income from continuing operations:20518410012510397
Income before gain (loss) on sale of properties:✕✕18410012510397
Net income:20518410012510397
Net loss attributable to noncontrolling interest(6)(5)(4)(3)(3)(5)
Net income available to common stockholders, diluted:1991799612110092

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:20518410012510397
Other comprehensive income (loss)(10)(3)16(23)(1)9
Comprehensive income:195181116102102106
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(5)(4)(4)(3)(5)
Comprehensive income, net of tax, attributable to parent:1891761129899101

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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