Acushnet Holdings Corp. (GOLF) financial statements (2021 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
Receivables202 186191178
Inventory, net of allowances, customer advances and progress billings358 361364323
Inventory358 361364323
Other current assets89 868585
Other undisclosed current assets151 31483
Total current assets:800 664687665
Noncurrent Assets
Finance lease, right-of-use asset1 
Operating lease, right-of-use asset54 
Property, plant and equipment  228229240
Intangible assets, net (including goodwill)689 688667669
Goodwill215 210186179
Intangible assets, net (excluding goodwill)474 478481490
Deferred income tax assets80 
Other noncurrent assets75 333432
Deferred tax assets, net 110130
Other undisclosed noncurrent assets168 78  
Total noncurrent assets:1,067 1,0281,0401,072
TOTAL ASSETS:1,867 1,6921,7271,736
Current Liabilities
Accounts payable and accrued liabilities236 201207354
Accounts payable113 869388
Employee-related liabilities82 7780224
Taxes payable41 383442
Debt20 3747104
Other undisclosed current liabilities101 57525
Total current liabilities:358 295307462
Noncurrent Liabilities
Long-term debt and lease obligation, including:314 347417348
Long-term debt, excluding current maturities314    
Finance lease, liability0 
Operating lease, liability41 
Other undisclosed long-term debt and lease obligation(41) 347417348
Liabilities, other than long-term debt178 118156157
Deferred tax liabilities, net 97
Deferred income tax liabilities4 
Liability, pension and other postretirement and postemployment benefits122 102130135
Other liabilities52 161714
Other undisclosed noncurrent liabilities  5  
Total noncurrent liabilities:491 470573505
Total liabilities:849 765880967
Temporary equity, carrying amount0    
Stockholders' equity
Stockholders' equity attributable to parent984 895815736
Common stock0 000
Treasury stock, value(45)    
Additional paid in capital925 911895881
Accumulated other comprehensive loss(96) (89)(82)(91)
Retained earnings (accumulated deficit)200 732(54)
Stockholders' equity attributable to noncontrolling interest33 323333
Total stockholders' equity:1,017 927847769
TOTAL LIABILITIES AND EQUITY:1,867 1,6921,7271,736

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

Revenues1,612 1,6341,5601,572
Revenue, net1,5601,572
Cost of revenue
(Cost of Goods and Services Sold)
(782) (791)(759)(774)
Gross profit:830 842801799
Operating expenses(673) (663)(628)(658)
Other undisclosed operating loss(12) (7)(6) 
Operating income:145 172166141
Nonoperating income (expense)(17) (4)1(2)
Investment income, nonoperating4 1(1)(2)
Foreign currency transaction gain, before tax    2
Net periodic defined benefits expense (reversal of expense), excluding service cost component(10) (4)
Interest and debt expense(16) (20)(17)(50)
Other undisclosed income from continuing operations before equity method investments, income taxes0 11 
Income from continuing operations before equity method investments, income taxes:113 15015289
Other undisclosed income from continuing operations before income taxes    76
Income from continuing operations before income taxes:113 150152165
Income tax expense(13) (47)(55)(40)
Income before gain (loss) on sale of properties:100 10397125
Other undisclosed net loss    (76)
Net income:100 1039750
Net loss attributable to noncontrolling interest(4) (3)(5)(5)
Net income attributable to parent:96 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:96 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:96 1009240

Comprehensive Income ($ in millions)

Net income:100 1039750
Other comprehensive income (loss)16 (1)9(24)
Comprehensive income:116 10210626
Comprehensive loss, net of tax, attributable to noncontrolling interest(4) (3)(5)(5)
Comprehensive income, net of tax, attributable to parent:112 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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