Callaway Golf (CALY) FY2021 results: revenue $3.1 billion, up 97.1% on the year
Callaway Golf Co. (CALY) reported revenue of $3.1 billion for fiscal 2021, the year ended 31 December 2021, up 97.1% on the year before. Net income was $322 million, and diluted earnings per share $1.82. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$3.1 billion
+97.1% on the year
FY2014FY2021
Operating margin
6.5%
-6.6% a year earlier
FY2014FY2021
Net income
$322 million
FY2014FY2021
Diluted EPS
$1.82
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
278
228
86.5
+21.9%
Capital expenditure
322
39.3
54.7
+720.8%
Free cash flow
-44.0
189
31.8
Free cash flow margin
-1.4%
11.9%
1.9%
Cash from investing
-162
-59.2
-536
Cash from financing
-124
96.1
493
Depreciation and amortisation
156
39.5
35.0
+294.4%
Share-based compensation
38.7
10.9
12.9
+254.9%
Buybacks
38.1
22.2
28.1
+71.7%
Dividends paid
0.0
1.9
3.8
Dividend per share
$0.01
$0.02
$0.04
-50.0%
Diluted shares, weighted
177m
94m
96m
+87.8%
Shares outstanding at period end
186m
96m
n/a
+94.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,683
676
767
+445.1%
Non-controlling interest
n/a
n/a
0.0
Short-term borrowings
9.1
n/a
n/a
Debt
1,044
673
595
+55.2%
Operating lease liabilities
1,385
178
138
+678.3%
Finance lease liabilities
132
0.4
0.6
+29,533.3%
Other liabilities
1,494
454
460
+229.1%
Total liabilities and equity
7,748
1,981
1,961
+291.2%
Fixed assets
1,451
146
133
+890.8%
Goodwill
1,960
56.7
204
+3,359.5%
Intangible assets
1,529
484
493
+215.6%
Cash and equivalents
352
366
107
-3.8%
Receivables
105
138
140
-23.9%
Inventory
533
353
457
+51.3%
Other assets
1,817
436
427
+316.7%
Total assets
7,748
1,981
1,961
+291.2%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.