Acushnet Holdings (GOLF) FY2021 results: revenue $2.1 billion, up 33.2% on the year
Acushnet Holdings Corp. (GOLF) reported revenue of $2.1 billion for fiscal 2021, the year ended 31 December 2021, up 33.2% on the year before. Net income was $179 million, up 86.3%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$2.1 billion
+33.2% on the year
FY2014FY2021
Operating margin
12.1%
9.0% a year earlier
FY2014FY2021
Net income
$179 million
+86.3% on the year
FY2014FY2021
Diluted EPS
$2.38
+85.9% on the year
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
314
264
134
+18.8%
Capital expenditure
37.6
24.7
33.0
+52.4%
Free cash flow
277
240
101
+15.3%
Free cash flow margin
12.9%
14.9%
6.0%
Cash from investing
-37.6
-24.7
-61.1
Cash from financing
-140
-129
-70.3
Depreciation and amortisation
41.2
45.4
43.0
-9.2%
Share-based compensation
27.6
16.0
11.0
+72.6%
Buybacks
65.5
7.0
29.4
+838.9%
Dividends paid
49.2
46.1
43.5
+6.7%
Dividend per share
$0.66
$0.62
$0.56
+6.5%
Diluted shares, weighted
75m
75m
76m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,043
984
918
+6.0%
Non-controlling interest
37.4
33.3
32.4
+12.4%
Redeemable equity
3.3
0.1
0.8
+2,518.3%
Short-term borrowings
0.1
2.8
n/a
-95.9%
Debt
315
332
402
-5.3%
Operating lease liabilities
35.9
41.0
34.1
-12.5%
Finance lease liabilities
1.1
0.5
0.3
+127.6%
Other liabilities
570
472
429
+20.7%
Total liabilities and equity
2,006
1,867
1,817
+7.5%
Fixed assets
n/a
n/a
232
Goodwill
210
215
214
-2.2%
Intangible assets
465
474
481
-1.7%
Cash and equivalents
282
151
34.2
+86.0%
Receivables
174
202
215
-13.4%
Inventory
413
358
398
+15.6%
Other assets
461
467
243
-1.4%
Total assets
2,006
1,867
1,817
+7.5%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.