Callaway Golf (CALY) FY2022 results: revenue $4.0 billion, up 27.5% on the year
Callaway Golf Co. (CALY) reported revenue of $4.0 billion for fiscal 2022, the year ended 31 December 2022, up 27.5% on the year before. Net income was $158 million, down 51.0%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$4.0 billion
+27.5% on the year
FY2015FY2022
Operating margin
6.4%
6.5% a year earlier
FY2015FY2022
Net income
$158 million
-51.0% on the year
FY2015FY2022
Diluted EPS
$0.82
-54.9% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-35.1
278
228
Capital expenditure
532
322
39.3
+65.2%
Free cash flow
-567
-44.0
189
Free cash flow margin
-14.2%
-1.4%
11.9%
Cash from investing
-535
-162
-59.2
Cash from financing
425
-124
96.1
Depreciation and amortisation
193
156
39.5
+23.7%
Share-based compensation
47.0
38.7
10.9
+21.5%
Buybacks
35.8
38.1
22.2
-6.1%
Dividends paid
0.0
0.0
1.9
Dividend per share
n/a
$0.01
$0.02
Diluted shares, weighted
201m
177m
94m
+13.8%
Shares outstanding at period end
n/a
186m
96m
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,774
3,683
676
+2.5%
Short-term borrowings
n/a
9.1
n/a
Debt
1,396
1,044
673
+33.6%
Operating lease liabilities
1,438
1,385
178
+3.8%
Finance lease liabilities
226
132
0.4
+70.5%
Other liabilities
1,757
1,494
454
+17.6%
Total liabilities and equity
8,590
7,748
1,981
+10.9%
Fixed assets
1,810
1,451
146
+24.7%
Goodwill
1,984
1,960
56.7
+1.2%
Intangible assets
1,504
1,529
484
-1.6%
Cash and equivalents
180
352
366
-48.8%
Receivables
167
105
138
+58.8%
Inventory
959
533
353
+79.8%
Other assets
1,987
1,817
436
+9.4%
Total assets
8,590
7,748
1,981
+10.9%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.