Callaway Golf (CALY) FY2015 results: revenue $844 million, down 4.9% on the year
Callaway Golf Co. (CALY) reported revenue of $844 million for fiscal 2015, the year ended 31 December 2015, down 4.9% on the year before. Net income was $15 million, down 9.0%, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2016.
Revenue
$844 million
-4.9% on the year
FY2009FY2015
Operating margin
3.2%
3.5% a year earlier
FY2009FY2015
Net income
$15 million
-9.0% on the year
FY2009FY2015
Diluted EPS
$0.17
-15.0% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
844
887
843
-4.9%
Cost of revenue
486
529
528
-8.1%
Gross profit
358
358
315
-0.1%
Gross margin
42.4%
40.4%
37.3%
Research and development
33.2
31.3
30.9
+6.2%
Operating income
26.9
30.7
-10.8
-12.4%
Operating margin
3.2%
3.5%
-1.3%
Interest expense
8.7
9.5
9.1
-8.1%
Pre-tax income
20.1
21.6
-13.3
-7.3%
Income tax
5.5
5.6
5.6
-2.4%
Effective tax rate
27.4%
26.0%
n/a
Net income
14.6
16.0
-18.9
-9.0%
Net margin
1.7%
1.8%
-2.2%
Diluted EPS
$0.17
$0.20
-$0.31
-15.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
30.6
36.9
-8.9
-17.1%
Capital expenditure
14.4
10.8
13.0
+33.6%
Free cash flow
16.2
26.1
-22.0
-37.9%
Free cash flow margin
1.9%
2.9%
-2.6%
Cash from investing
-18.4
-25.1
-22.5
Cash from financing
0.9
-12.9
21.3
Depreciation and amortisation
17.4
21.2
25.5
-18.2%
Share-based compensation
7.5
5.7
3.5
+31.4%
Buybacks
2.0
1.0
0.0
+94.8%
Dividends paid
3.4
3.1
5.6
+9.2%
Dividend per share
$0.04
$0.04
$0.04
0.0%
Diluted shares, weighted
85m
78m
73m
+7.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
413
292
285
+41.6%
Non-controlling interest
0.0
n/a
0.0
Debt
15.0
124
133
-87.9%
Other liabilities
203
209
246
-2.9%
Total liabilities and equity
631
625
664
+1.0%
Fixed assets
55.8
58.1
71.3
-3.9%
Goodwill
26.5
27.8
29.2
-4.7%
Intangible assets
88.8
88.8
88.9
-0.1%
Cash and equivalents
49.8
37.6
36.8
+32.3%
Receivables
116
110
92.2
+5.2%
Inventory
209
207
263
+0.8%
Other assets
85.8
95.4
81.9
-10.0%
Total assets
631
625
664
+1.0%
10-K for the year ended 31 December 2015, filed 4 March 2016: the filing.