CALY FY 2016 Earnings Report — Callaway Golf Company Revenue & Financial Results | Market Cap Arena

Callaway Golf CompanyCALY

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$872M	—	$844M	—	3.4%
Op. Income	$47M	—	$25M	—	85.6%
Gross Margin	44.4%	—	42.2%	—	2.3pp
Net Margin	21.8%	—	1.7%	—	20.0pp
EPS (Diluted)	$1.98	—	$0.17	—	1064.7%
Free Cash Flow	$62M	—	$16M	—	279.7%

Revenue Flow

Item	Amount
REVENUE	$872M
Cost of Revenue	$485M
GROSS PROFIT	$388M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$308M
Other Expenses	$0
Operating Expenses	$341M
Cost & Expenses	$826M
OPERATING INCOME	$47M
Interest Income	$621.0K
Interest Expense	$2M
Other Income/Expenses	$12M
INCOME BEFORE TAX	$58M
Income Tax Expense	-$133M
Net Income from Continuing Ops	$191M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$190M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$190M
D&A	$17M
EBIT	$61M
EBITDA	$77M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$872M
Cost of Revenue	$485M
GROSS PROFIT	$388M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$308M
Other Expenses	$0
Operating Expenses	$341M
Cost & Expenses	$826M
OPERATING INCOME	$47M
Interest Income	$621.0K
Interest Expense	$2M
Other Income/Expenses	$12M
INCOME BEFORE TAX	$58M
Income Tax Expense	-$133M
Net Income from Continuing Ops	$191M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$190M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$190M
D&A	$17M
EBIT	$61M
EBITDA	$77M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$190M
Depreciation & Amortization	$17M
Stock-Based Compensation	$0
Deferred Income Tax	-$141M
Other Non-Cash Items	-$8M
Change in Working Capital	$21M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$16M
Acquisitions (Net)	$20.0K
Purchases of Investments	-$1M
Sales/Maturities of Investments	$23M
Other Investing Activities	$3M
NET CASH FROM INVESTING	$9M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$4M
Other Financing Activities	$20.0K
NET CASH FROM FINANCING	-$9M
FREE CASH FLOW	$62M
Net Change in Cash	$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$126M
Short-Term Investments	$0
Net Receivables	$129M
Inventory	$189M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$460M
PP&E (Net)	$54M
Goodwill	$26M
Intangible Assets	$89M
Long-Term Investments	$49M
Tax Assets	$115M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$341M
TOTAL ASSETS	$801M
Account Payables	$55M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$83M
TOTAL CURRENT LIABILITIES	$187M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$6M
TOTAL LIABILITIES	$193M
Common Stock	$942.0K
Additional Paid-In Capital	$330M
Retained Earnings	$287M
Treasury Stock	-$905.0K
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$599M
Minority Interest	$10M
TOTAL EQUITY	$609M
TOTAL LIABILITIES & EQUITY	$801M
Total Debt	$12M
Net Debt	-$114M