Acushnet Holdings Corp. (GOLF) financial statements (2020 and earlier)

Company profile

Business Address 333 BRIDGE STREET
FAIRHAVEN, MA 02719
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   76
Cash and cash equivalents   76
Receivables215186191178
Inventory, net of allowances, customer advances and progress billings398361364323
Inventory398361364323
Other current assets95868585
Other undisclosed current assets3431483
Total current assets:743664687665
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset44
Property, plant and equipment 228229240
Intangible assets, net (including goodwill)695688667669
Goodwill214210186179
Intangible assets, net (excluding goodwill)481478481490
Deferred income tax assets71
Other noncurrent assets77333432
Deferred tax assets, net 110130
Other undisclosed noncurrent assets18778  
Total noncurrent assets:1,0741,0281,0401,072
TOTAL ASSETS:1,8171,6921,7271,736
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211201207354
Accounts payable102869388
Employee-related liabilities727780224
Taxes payable36383442
Debt833747104
Other undisclosed current liabilities6557525
Total current liabilities:359295307462
Noncurrent Liabilities
Long-term debt and lease obligation, including:331347417348
Long-term debt, excluding current maturities331   
Finance lease, liability0
Operating lease, liability34
Other undisclosed long-term debt and lease obligation(34)347417348
Liabilities, other than long-term debt176118156157
Deferred tax liabilities, net 97
Deferred income tax liabilities5
Liability, pension and other postretirement and postemployment benefits119102130135
Other liabilities52161714
Other undisclosed noncurrent liabilities 5  
Total noncurrent liabilities:506470573505
Total liabilities:865765880967
Temporary equity, carrying amount1   
Stockholders' equity
Stockholders' equity attributable to parent918895815736
Common stock0000
Treasury stock, value(31)   
Additional paid in capital911911895881
Accumulated other comprehensive loss(112)(89)(82)(91)
Retained earnings (accumulated deficit)151732(54)
Stockholders' equity attributable to noncontrolling interest32323333
Total stockholders' equity:951927847769
TOTAL LIABILITIES AND EQUITY:1,8171,6921,7271,736

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,6811,6341,5601,572
Revenue, net1,5601,572
Cost of revenue
(Cost of Goods and Services Sold)
(809)(791)(759)(774)
Gross profit:872842801799
Operating expenses(679)(663)(628)(658)
Other undisclosed operating loss(7)(7)(6) 
Operating income:186172166141
Nonoperating income (expense)(1)(4)1(2)
Investment income, nonoperating21(1)(2)
Foreign currency transaction gain, before tax   2
Net periodic defined benefits expense (reversal of expense), excluding service cost component(3)(4)
Interest and debt expense(20)(20)(17)(50)
Other undisclosed income from continuing operations before equity method investments, income taxes111 
Income from continuing operations before equity method investments, income taxes:16515015289
Other undisclosed income from continuing operations before income taxes   76
Income from continuing operations before income taxes:165150152165
Income tax expense(41)(47)(55)(40)
Income before gain (loss) on sale of properties:12510397125
Other undisclosed net loss   (76)
Net income:1251039750
Net loss attributable to noncontrolling interest(3)(3)(5)(5)
Net income attributable to parent:1211009245
Preferred stock dividends and other adjustments   (12)
Other undisclosed net loss available to common stockholders, basic   (10)
Net income available to common stockholders, basic:1211009223
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:1211009240

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1251039750
Other comprehensive income (loss)(23)(1)9(24)
Comprehensive income:10210210626
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(3)(5)(5)
Comprehensive income, net of tax, attributable to parent:989910121

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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