Callaway golf company (ELY)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value

166,635

106,666

88,216

81,490

78,939

63,981

70,821

57,748

38,718

85,674

82,021

61,959

47,989

125,975

124,628

67,619

35,136

49,801

41,592

26,714

23,236

37,635

33,462

28,985

23,557

36,793

37,399

29,959

28,072

52,003

59,139

27,986

51,669

43,023

64,295

66,532

55,043

Accounts receivable, net

259,530

140,455

223,385

263,652

285,848

71,374

130,033

242,023

265,240

94,725

152,420

224,649

245,144

127,863

158,262

205,058

233,210

115,607

153,040

220,401

261,888

109,848

143,090

196,660

289,222

92,203

157,371

229,290

255,703

91,072

143,697

254,903

255,259

115,673

147,528

253,483

144,643

Inventory, Net

412,690

456,639

340,314

360,467

382,298

338,057

237,472

237,068

262,290

262,486

186,585

171,780

179,020

189,400

157,002

151,446

186,149

208,883

184,845

171,396

181,488

207,229

185,583

208,796

246,197

263,492

190,870

187,230

201,951

211,734

189,066

215,794

236,240

233,070

204,213

215,255

268,591

Deferred taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,260

5,254

5,486

5,081

5,925

6,492

6,459

6,419

-

-

4,014

4,170

3,970

3,955

3,950

4,029

4,761

4,761

23,514

Income taxes receivable

21,048

9,919

15,996

15,417

8,842

713

13,762

11,033

4,949

542

5,109

2,849

1,544

637

927

2,382

1,857

487

1,286

484

491

928

-

-

-

228

-

-

3,850

1,810

3,609

1,753

1,899

3,654

5,229

6,870

10,235

Other current assets

74,219

75,671

63,934

64,954

67,385

50,781

21,028

21,927

24,695

22,557

20,466

20,796

17,809

16,550

11,136

12,670

14,346

16,709

19,455

22,533

23,955

23,312

23,559

20,236

23,212

22,468

24,465

32,216

26,683

23,811

20,895

18,663

23,373

19,880

28,212

37,869

41,703

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

2,396

2,396

-

-

-

-

-

-

Total current assets

934,122

789,350

731,845

785,980

823,312

524,906

473,116

569,799

595,892

465,984

446,601

482,033

491,506

460,425

451,955

439,175

470,698

391,487

405,478

446,782

496,544

384,033

391,619

461,169

588,647

421,603

410,105

478,695

520,273

386,996

422,772

523,054

572,390

419,329

454,238

584,770

543,729

Property, plant and equipment, net

150,969

132,760

127,077

121,511

116,523

88,472

82,074

77,604

72,881

70,227

65,906

60,654

59,847

54,475

55,775

53,399

55,631

55,808

53,810

54,701

55,588

58,093

61,881

65,839

68,735

71,341

73,957

76,019

83,894

89,093

94,919

114,323

117,098

117,147

119,653

122,064

129,601

ROU assets, net

193,829

160,098

154,351

167,585

129,526

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible Assets, Net (Excluding Goodwill)

487,864

493,423

487,049

499,727

497,191

224,692

224,958

225,224

225,491

225,758

224,351

139,960

140,023

88,731

88,743

88,757

88,769

88,782

88,795

88,808

88,820

88,833

88,847

88,866

88,883

88,901

88,922

88,943

88,964

89,189

94,619

99,998

100,885

121,935

122,903

123,903

131,327

Deferred Tax Assets, Net, Noncurrent

-

-

69,597

68,752

72,545

75,079

65,045

65,538

82,698

91,398

83,149

82,835

99,741

114,707

7,267

7,255

6,942

6,962

2,232

2,265

2,223

2,346

2,688

2,336

2,291

2,299

-

-

1,792

1,910

1,457

1,392

1,414

1,386

1,495

1,624

3,786

Goodwill

200,787

203,743

201,044

209,773

209,887

55,816

56,106

56,055

56,694

56,429

56,091

31,908

31,313

25,593

26,235

26,306

26,777

26,500

26,868

27,210

26,675

27,821

28,403

29,367

29,147

29,212

29,060

28,407

28,412

29,034

28,853

29,128

29,618

29,203

30,462

31,452

30,630

Deferred taxes, net

61,517

73,948

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity Securities without Readily Determinable Fair Value, Amount

90,134

90,134

72,238

72,238

72,238

72,238

70,777

70,777

70,777

70,495

50,495

48,997

48,997

48,997

49,108

49,108

54,575

53,315

52,376

52,376

52,376

50,677

-

-

-

37,605

-

-

-

-

-

-

-

-

-

-

-

Income Taxes Receivable, Noncurrent

-

-

-

-

-

1,102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,846

-

-

-

-

-

-

Other assets

15,854

17,092

16,447

11,655

12,500

10,639

10,625

10,425

11,115

10,866

9,390

8,777

8,519

8,354

9,054

8,525

8,480

8,370

9,031

10,414

10,918

13,008

54,106

54,747

49,826

12,902

48,865

43,636

40,973

41,414

36,472

37,230

37,829

38,112

36,999

37,007

36,939

Total assets

2,135,076

1,960,548

1,859,648

1,937,221

1,933,722

1,052,944

982,701

1,075,422

1,115,548

991,157

935,983

855,164

879,946

801,282

688,137

672,525

711,872

631,224

638,590

682,556

733,144

624,811

627,544

702,324

827,529

663,863

650,909

715,700

764,308

637,636

681,938

805,125

859,234

727,112

765,750

900,820

876,012

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses

224,282

276,300

200,352

208,287

212,706

208,653

142,661

162,217

181,779

176,127

140,572

144,978

138,266

132,521

118,264

106,482

110,268

122,620

117,080

112,064

131,586

123,251

98,914

101,004

153,600

157,120

123,672

127,688

139,939

129,021

99,166

113,762

150,472

129,193

105,783

120,783

139,312

Accrued employee compensation and benefits

29,438

46,891

43,210

39,074

34,342

43,172

38,425

30,754

27,578

40,173

34,830

27,323

24,939

32,568

30,280

25,433

22,025

33,518

29,630

27,259

26,019

37,386

29,212

28,956

29,633

31,585

26,759

25,443

23,269

20,649

21,343

23,522

23,508

23,785

27,220

37,370

26,456

Asset-based credit facilities

335,593

144,580

110,711

165,467

214,482

40,300

4,300

96,140

178,523

87,755

70,618

6,231

76,954

11,966

0

5,331

78,969

14,969

0

42,599

94,318

15,235

0

60,206

140,587

25,660

-

38,500

79,489

0

-

70,150

85,900

-

-

37,142

-

Product Warranty Accrual, Current

9,791

9,636

10,121

10,976

10,783

7,610

8,532

8,035

7,311

6,657

7,550

5,969

5,945

5,395

5,515

6,172

6,350

5,706

6,015

6,447

6,408

5,607

5,882

7,396

7,945

6,406

6,766

8,241

7,887

7,539

8,133

7,863

8,262

8,140

9,989

11,982

8,427

Lease liabilities, short-term

28,544

26,418

25,112

27,253

30,185

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Current Maturities

8,734

7,317

7,296

4,643

4,632

2,411

2,400

2,389

2,378

2,367

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

12,526

12,104

11,103

6,091

11,108

1,091

10,827

9,792

3,905

1,295

3,552

3,491

2,788

4,404

1,747

3,769

2,741

1,823

3,097

1,913

1,984

2,623

3,577

2,713

3,639

5,425

-

-

4,663

3,430

3,177

1,129

520

2,558

336

763

944

Deferred taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

25

26

26

-

-

-

0

-

-

926

927

4,108

4,108

4,108

4,108

4,761

7,018

27

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,810

5,534

-

-

-

-

-

-

-

-

-

Total current liabilities

648,908

523,246

407,905

461,791

518,238

303,237

207,145

309,327

401,474

314,374

257,122

187,992

248,892

186,854

155,806

147,187

220,353

178,636

155,847

190,307

260,341

184,128

137,585

200,275

335,404

226,196

163,007

205,406

256,173

161,566

135,927

220,534

272,770

167,784

148,089

215,058

175,166

Long-term liabilities:
Lease liabilities, long-term

175,954

137,696

133,189

143,717

102,391

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Excluding Current Maturities

453,774

443,259

445,019

465,826

465,756

7,218

7,783

8,343

8,899

9,448

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax liability

7,156

7,264

4,072

4,005

4,413

4,430

4,164

4,118

4,754

4,602

4,152

3,729

3,670

3,608

3,383

3,325

3,224

3,476

3,426

3,398

3,586

3,867

4,243

5,384

3,985

4,387

6,192

6,112

6,805

6,565

6,199

7,401

8,292

8,115

7,286

7,786

8,554

Deferred taxes, net

72,289

73,483

82,252

85,829

84,662

1,796

1,795

1,807

1,871

1,822

1,793

1,734

1,617

1,596

34,844

34,824

34,866

35,093

35,389

35,385

35,322

35,043

35,101

35,265

35,275

35,271

33,849

33,769

33,737

33,533

29,968

29,627

29,149

31,429

27,422

25,582

1,376

Convertible notes, net (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,701

108,969

108,776

108,574

108,386

108,200

108,017

107,835

107,656

107,477

107,302

107,133

106,925

-

-

0

-

-

-

Other long-term liabilities

17,028

8,247

9,855

14,117

6,928

1,955

2,050

2,091

2,039

1,536

764

783

627

624

1,212

882

770

1,074

1,093

1,157

1,005

1,665

2,020

2,237

2,759

5,555

5,451

4,904

5,769

7,131

7,050

6,519

7,035

6,970

6,097

6,360

4,037

Commitments and contingencies (Note 14)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders’ equity:
Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

2

4

4

4

4

14

14

14

14

14

14

Common stock, $0.01 par value, 240,000,000 shares authorized, 95,648,648 shares issued at both March 31, 2020 and December 31, 2019, respectively

956

956

956

956

956

956

956

956

956

950

950

950

950

942

942

942

942

938

899

786

784

784

784

784

783

783

757

723

723

723

723

664

664

663

663

663

663

Additional paid-in capital

307,133

323,600

321,782

319,579

326,209

341,241

337,902

335,025

333,385

335,222

332,133

328,650

330,126

330,206

327,716

325,805

324,922

322,793

292,909

208,755

207,466

210,057

208,477

207,147

206,393

205,712

205,714

204,553

203,673

204,510

203,924

263,764

263,179

265,067

264,461

266,783

264,235

Retained earnings

517,004

489,382

519,551

489,445

461,456

413,799

443,247

434,674

374,758

324,081

344,413

342,300

311,814

287,129

164,800

171,607

138,451

101,047

132,437

136,944

124,929

89,932

132,246

134,159

131,576

77,038

138,960

162,551

153,980

113,831

186,074

275,942

276,426

247,941

314,201

379,739

432,977

Accumulated Other Comprehensive Income (Loss), Net of Tax

-37,517

-22,422

-39,359

-22,271

-20,172

-13,700

-13,521

-11,176

-3,839

-6,166

-9,041

-12,905

-15,469

-18,466

-9,219

-10,356

-9,248

-11,813

-10,073

-3,038

-5,918

-796

7,369

16,864

12,350

12,177

2,884

936

6,638

14,770

17,171

13,003

14,364

14,071

12,732

18,893

13,564

Less: Grantor Stock Trust held at market value, 0 shares and 291,341 shares at December 31, 2011 and 2010, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,351

Less: Common stock held in treasury, at cost, 1,540,670 and 1,450,875 shares at March 31, 2020 and December 31, 2019, respectively

27,609

24,163

25,574

25,773

26,595

17,722

17,857

18,797

18,958

4,456

5,450

7,201

12,435

905

936

1,691

2,408

20

38

107

3,147

8,443

8,667

7,991

9,013

11,091

13,563

13,563

13,595

14,848

14,930

15,252

15,688

17,800

17,800

22,848

24,835

Total Callaway Golf Company shareholders’ equity

759,967

767,353

777,356

761,936

741,854

724,574

750,727

740,682

686,302

649,631

663,005

651,794

614,986

598,906

483,303

-

-

412,945

-

-

-

291,534

-

-

-

284,619

334,754

355,204

351,423

318,990

392,966

538,135

538,959

509,956

574,271

643,244

684,267

Stockholders' Equity Attributable to Noncontrolling Interest

-

-

0

0

9,480

9,734

9,037

9,054

10,209

9,744

9,147

9,132

10,154

9,694

9,589

-

-

0

-

-

-

-

-

-

-

-

0

2,828

3,099

2,718

2,903

2,909

3,029

2,858

2,585

2,790

2,612

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

759,967

767,353

777,356

761,936

751,334

734,308

759,764

749,736

696,511

659,375

672,152

660,926

625,140

608,600

492,892

486,307

452,659

412,945

416,134

343,340

324,114

-

340,209

350,963

342,089

-

334,754

358,032

354,522

321,708

395,869

541,044

541,988

512,814

576,856

646,034

686,879

Total liabilities and shareholders’ equity

2,135,076

1,960,548

1,859,648

1,937,221

1,933,722

1,052,944

982,701

1,075,422

1,115,548

991,157

935,983

855,164

879,946

801,282

688,137

672,525

711,872

631,224

638,590

682,556

733,144

624,811

627,544

702,324

827,529

663,863

650,909

715,700

764,308

637,636

681,938

805,125

859,234

727,112

765,750

900,820

876,012