CALY FY 2018 Earnings Report — Callaway Golf Company Revenue & Financial Results | Market Cap Arena

Callaway Golf CompanyCALY

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.0B	—	18.5%
Op. Income	$132M	—	$90M	—	46.1%
Gross Margin	46.5%	—	45.8%	—	0.7pp
Net Margin	8.4%	—	3.9%	—	4.5pp
EPS (Diluted)	$1.08	—	$0.42	—	157.1%
Free Cash Flow	$55M	—	$91M	—	-39.4%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$665M
GROSS PROFIT	$578M
R&D Expenses	$41M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$406M
Other Expenses	$0
Operating Expenses	$446M
Cost & Expenses	$1.1B
OPERATING INCOME	$132M
Interest Income	$594.0K
Interest Expense	$6M
Other Income/Expenses	-$595.0K
INCOME BEFORE TAX	$131M
Income Tax Expense	$26M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$20M
EBIT	$137M
EBITDA	$157M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$665M
GROSS PROFIT	$578M
R&D Expenses	$41M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$406M
Other Expenses	$0
Operating Expenses	$446M
Cost & Expenses	$1.1B
OPERATING INCOME	$132M
Interest Income	$594.0K
Interest Expense	$6M
Other Income/Expenses	-$595.0K
INCOME BEFORE TAX	$131M
Income Tax Expense	$26M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$20M
EBIT	$137M
EBITDA	$157M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$105M
Depreciation & Amortization	$20M
Stock-Based Compensation	$0
Deferred Income Tax	$22M
Other Non-Cash Items	$9M
Change in Working Capital	-$64M
OPERATING CASH FLOW	$92M
Capital Expenditure	-$37M
Acquisitions (Net)	$43.0K
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$39M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$22M
Common Dividends Paid	-$4M
Other Financing Activities	-$821.0K
NET CASH FROM FINANCING	-$75M
FREE CASH FLOW	$55M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$64M
Short-Term Investments	$0
Net Receivables	$72M
Inventory	$338M
Other Current Assets	$50M
TOTAL CURRENT ASSETS	$524M
PP&E (Net)	$88M
Goodwill	$56M
Intangible Assets	$225M
Long-Term Investments	$72M
Tax Assets	$75M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$529M
TOTAL ASSETS	$1.1B
Account Payables	$42M
Short-Term Debt	$43M
Deferred Revenue	$0
Other Current Liabilities	$174M
TOTAL CURRENT LIABILITIES	$303M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$15M
TOTAL LIABILITIES	$319M
Common Stock	$956.0K
Additional Paid-In Capital	$341M
Retained Earnings	$414M
Treasury Stock	-$18M
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$725M
Minority Interest	$10M
TOTAL EQUITY	$734M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$50M
Net Debt	-$14M