Acushnet holdings corp. (GOLF)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities
Net income

97,501

124,565

117,211

94,554

96,021

103,072

109,707

112,992

106,661

103,201

85,549

70,513

63,953

49,515

0

0

0

Adjustments to reconcile net income to cash used in operating activities
Depreciation and amortization

43,474

43,002

41,627

39,380

39,968

40,496

40,261

41,130

41,035

40,871

40,948

40,735

40,725

40,834

0

0

0

Unrealized foreign exchange gains

-76

-215

-3,518

-5,206

-5,580

-3,960

-1,914

3,388

5,746

4,028

4,163

2,770

1,692

2,347

0

0

0

Amortization of debt issuance costs

1,728

1,884

1,476

1,476

1,447

1,409

1,371

1,332

1,322

1,321

1,332

1,526

2,613

3,378

0

0

0

Amortization of discount on bonds payable

-

-

-

-

-

-

-

-

-

-

-

-

-

3,963

0

0

0

Fair Value Adjustment of Warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

6,112

0

0

0

Share-based compensation

11,377

10,975

12,774

14,839

16,222

18,563

17,489

16,494

15,564

15,285

0

0

0

-

-

-

-

Gain on disposals of property, plant and equipment

-11

-13

0

0

0

-

-

-

-

-912

-554

-558

-393

-170

0

0

0

Deferred income taxes

1,391

8,474

7,038

15,709

15,061

15,541

16,059

11,990

14,142

21,272

10,689

5,230

9,043

7,849

0

0

0

Changes in operating assets and liabilities
Accounts receivable

-17,621

27,092

31,667

-1,752

-6,303

-571

36,958

42,830

16,292

2,592

6,534

-27,628

-18,301

-12,630

0

0

0

Inventories

23,449

25,168

11,910

6,335

-10,721

-805

5,619

18,028

35,635

28,372

0

0

0

-

-

-

-

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable

3,708

10,851

-3,422

5,353

-533

-5,789

-1,352

10,586

-6,218

974

4,591

-3,513

-1,311

1,968

0

0

0

Accrued taxes

8,471

2,655

2,755

-5,662

-5,714

4,311

2,898

3,081

2,761

-10,283

-5,630

-2,139

1,875

14,666

0

0

0

Other assets and liabilities

10,073

16,091

10,784

27,132

24,704

19,334

25,457

6,515

8,568

165,598

0

0

0

-

-

-

-

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other noncurrent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest due to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,570

0

0

0

Cash flows used in operating activities

151,836

134,283

128,599

139,187

160,500

163,733

120,912

127,385

109,619

-27,037

0

0

0

-

-

-

-

Cash flows used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash flows from investing activities
Additions to property, plant and equipment

33,235

32,956

30,305

29,739

32,376

32,801

26,726

23,679

21,056

18,845

18,454

19,882

18,343

19,175

0

0

0

Business acquisitions, net of cash acquired

-

-

-

-

-

16,902

0

0

0

-

-

-

-

-

-

-

-

Other investing activity

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Cash flows used in investing activities

-61,339

-61,060

-72,961

-44,164

-46,782

-49,703

-29,076

-26,156

-23,552

-18,845

0

0

0

-

-

-

-

Cash flows used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash flows from financing activities
Proceeds from short-term borrowings, net

38,470

54,115

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Repayments of delayed draw term loan A facility

52,500

54,375

7,500

16,875

41,250

40,625

40,000

30,000

5,000

5,000

0

0

0

-

-

-

-

Repayments of term loan facility

0

-

0

0

0

-

0

0

18,750

-

0

0

0

-

-

-

-

Proceeds from short-term borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

81,041

-

0

0

0

Proceeds from delayed draw term loan A facility

-

-

-

-

-

-

-

-

-

100,000

0

0

0

-

-

-

-

Repayments of delayed draw term loan A facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of common stock

36,328

29,352

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

2,387

2,373

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

43,139

43,490

42,686

41,871

41,031

39,057

38,280

37,495

45,642

35,744

0

0

0

-

-

-

-

Proceeds from revolver loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Payment of employee restricted stock tax withholdings

486

11,030

10,924

10,924

10,924

2,634

2,634

2,634

2,634

903

0

0

0

-

-

-

-

Cash flows provided by financing activities

-77,537

-70,328

-57,922

-98,636

-114,630

-128,883

-106,826

-136,823

-115,063

9,255

0

0

0

-

-

-

-

Effect of foreign exchange rate changes on cash and restricted cash

-1,913

275

-1,501

-1,099

-2,581

-1,855

0

0

0

-

-

-

-

-

-

-

-

Net increase in cash and restricted cash

11,047

3,170

-3,785

-4,712

-3,493

-16,708

0

0

0

-

-

-

-

-

-

-

-

Cash flows provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Effect of foreign exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-772

-2,539

-2,037

-2,425

0

0

0

Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-15,677

198

2,201

20,006

0

0

0

Supplemental information
Non-cash additions to property, plant and equipment

3,759

2,820

2,882

2,017

2,016

2,568

4,324

2,992

3,529

2,876

1,015

1,745

1,142

1,170

0

0

0

Non-cash additions to right-of-use assets obtained in exchange for operating lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash additions to right-of-use assets obtained in exchange for finance lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Treasury Stock, Value, Acquired, Cost Method, Share Repurchase Liability

8,778

1,802

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-