Callaway Golf (CALY) FY2016 results: revenue $871 million, up 3.2% on the year
Callaway Golf Co. (CALY) reported revenue of $871 million for fiscal 2016, the year ended 31 December 2016, up 3.2% on the year before. Net income was $190 million, up 1203.5%, and diluted earnings per share $1.98. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$871 million
+3.2% on the year
FY2009FY2016
Operating margin
5.1%
3.2% a year earlier
FY2009FY2016
Net income
$190 million
+1,203.5% on the year
FY2009FY2016
Diluted EPS
$1.98
+1,064.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
871
844
887
+3.2%
Cost of revenue
486
486
529
+0.0%
Gross profit
385
358
358
+7.7%
Gross margin
44.2%
42.4%
40.4%
Research and development
33.3
33.2
31.3
+0.3%
Operating income
44.2
26.9
30.7
+63.9%
Operating margin
5.1%
3.2%
3.5%
Interest expense
2.4
8.7
9.5
-72.9%
Pre-tax income
58.4
20.1
21.6
+191.0%
Income tax
-133
5.5
5.6
Effective tax rate
-227.0%
27.4%
26.0%
Net income
190
14.6
16.0
+1,203.5%
Net margin
21.8%
1.7%
1.8%
Diluted EPS
$1.98
$0.17
$0.20
+1,064.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
77.7
30.6
36.9
+154.1%
Capital expenditure
16.2
14.4
10.8
+12.4%
Free cash flow
61.6
16.2
26.1
+279.7%
Free cash flow margin
7.1%
1.9%
2.9%
Cash from investing
9.0
-18.4
-25.1
Cash from financing
-9.3
0.9
-12.9
Depreciation and amortisation
16.6
17.4
21.2
-4.6%
Share-based compensation
9.0
7.5
5.7
+18.9%
Buybacks
5.1
2.0
1.0
+162.4%
Dividends paid
3.8
3.4
3.1
+11.0%
Dividend per share
$0.04
$0.04
$0.04
0.0%
Diluted shares, weighted
96m
85m
78m
+13.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
599
413
292
+45.0%
Non-controlling interest
9.7
0.0
n/a
Debt
12.0
15.0
124
-20.1%
Other liabilities
181
203
209
-11.1%
Total liabilities and equity
801
631
625
+26.9%
Fixed assets
54.5
55.8
58.1
-2.4%
Goodwill
25.6
26.5
27.8
-3.4%
Intangible assets
88.7
88.8
88.8
-0.1%
Cash and equivalents
126
49.8
37.6
+153.0%
Receivables
128
116
110
+10.6%
Inventory
189
209
207
-9.3%
Other assets
189
85.8
95.4
+120.5%
Total assets
801
631
625
+26.9%
10-K for the year ended 31 December 2016, filed 1 March 2019: the filing.