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Acushnet Holdings (GOLF) FY2014 results: revenue $1.5 billion

Acushnet Holdings Corp. (GOLF) reported revenue of $1.5 billion for fiscal 2014, the year ended 31 December 2014. Net income was $22 million, and diluted earnings per share $0.23. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2017.

Revenue
$1.5 billion
FY2014FY2014
Operating margin
6.8%
FY2014FY2014
Net income
$22 million
FY2014FY2014
Diluted EPS
$0.23
FY2014FY2014

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2014Last 8 years
Revenue1,538
Cost of revenue780
Gross profit758
Gross margin49.3%
Research and development44.2
Selling, general and administrative603
Operating income104
Operating margin6.8%
Interest expense63.5
Pre-tax income158
Income tax16.7
Effective tax rate10.6%
Net income21.6
Net margin1.4%
Diluted EPS$0.23
$ 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

$ millionFY2014Last 8 years
Operating cash flow54.1
Capital expenditure23.5
Free cash flow30.6
Free cash flow margin2.0%
Depreciation and amortisation43.2
Share-based compensation0.6
Diluted shares, weighted17m

Balance sheet

$ millionFY2014Last 8 years
Shareholders' equity157
Non-controlling interest32.3
Goodwill188
Cash and equivalents47.7

10-K for the year ended 31 December 2014, filed 30 March 2017: the filing.