Callaway Golf (CALY) FY2013 results: revenue $843 million, up 1.0% on the year
Callaway Golf Co. (CALY) reported revenue of $843 million for fiscal 2013, the year ended 31 December 2013, up 1.0% on the year before. Net income was -$19 million, and diluted earnings per share $-0.31. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$843 million
+1.0% on the year
FY2009FY2013
Operating margin
-1.3%
-13.9% a year earlier
FY2009FY2013
Net income
-$19 million
FY2009FY2013
Diluted EPS
-$0.31
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
843
834
887
+1.0%
Cost of revenue
528
586
575
-9.9%
Gross profit
315
248
311
+26.8%
Gross margin
37.3%
29.8%
35.1%
Research and development
30.9
29.5
34.3
+4.7%
Operating income
-10.8
-116
-81.1
Operating margin
-1.3%
-13.9%
-9.1%
Interest expense
9.1
5.5
1.6
+65.5%
Pre-tax income
-13.3
-118
-90.3
Income tax
5.6
4.9
81.6
+14.3%
Net income
-18.9
-123
-172
Net margin
-2.2%
-14.7%
-19.4%
Diluted EPS
-$0.31
-$1.96
-$2.82
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
-8.9
-28.8
10.1
Capital expenditure
13.0
18.4
28.9
-29.2%
Free cash flow
-22.0
-47.2
-18.8
Free cash flow margin
-2.6%
-5.7%
-2.1%
Cash from investing
-22.5
5.5
-9.6
Cash from financing
21.3
32.1
-13.3
-33.6%
Depreciation and amortisation
25.5
34.4
38.6
-25.8%
Share-based compensation
3.5
3.1
9.6
+12.4%
Buybacks
0.0
n/a
n/a
Dividends paid
5.6
11.0
13.1
-49.2%
Dividend per share
$0.04
$0.04
n/a
0.0%
Diluted shares, weighted
73m
67m
65m
+8.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
285
319
510
-10.8%
Non-controlling interest
0.0
2.7
2.9
Debt
133
107
0.0
+24.6%
Other liabilities
246
209
214
+17.7%
Total liabilities and equity
664
638
727
+4.1%
Fixed assets
71.3
89.1
117
-19.9%
Goodwill
29.2
29.0
29.2
+0.6%
Intangible assets
88.9
89.2
122
-0.3%
Cash and equivalents
36.8
52.0
43.0
-29.2%
Receivables
92.2
91.1
116
+1.2%
Inventory
263
212
233
+24.4%
Other assets
81.9
75.5
67.1
+8.5%
Total assets
664
638
727
+4.1%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.