Acushnet Holdings (GOLF) FY2022 results: revenue $2.3 billion, up 5.7% on the year
Acushnet Holdings Corp. (GOLF) reported revenue of $2.3 billion for fiscal 2022, the year ended 31 December 2022, up 5.7% on the year before. Net income was $199 million, up 11.4%, and diluted earnings per share $2.75. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$2.3 billion
+5.7% on the year
FY2015FY2022
Operating margin
12.4%
12.1% a year earlier
FY2015FY2022
Net income
$199 million
+11.4% on the year
FY2015FY2022
Diluted EPS
$2.75
+15.5% 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
-67.8
314
264
Capital expenditure
61.4
37.6
24.7
+63.2%
Free cash flow
-129
277
240
Free cash flow margin
-5.7%
12.9%
14.9%
Cash from investing
-140
-37.6
-24.7
Cash from financing
-8.6
-140
-129
Depreciation and amortisation
41.7
41.2
45.4
+1.1%
Share-based compensation
24.1
27.6
16.0
-12.9%
Buybacks
189
65.5
7.0
+188.7%
Dividends paid
52.2
49.2
46.1
+6.2%
Dividend per share
$0.72
$0.66
$0.62
+9.1%
Diluted shares, weighted
73m
75m
75m
-3.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
939
1,043
984
-10.0%
Non-controlling interest
37.6
37.4
33.3
+0.6%
Redeemable equity
6.7
3.3
0.1
+102.0%
Short-term borrowings
n/a
0.1
2.8
Debt
568
315
332
+80.3%
Operating lease liabilities
44.8
35.9
41.0
+24.9%
Finance lease liabilities
1.2
1.1
0.5
+9.5%
Other liabilities
597
570
472
+4.6%
Total liabilities and equity
2,194
2,006
1,867
+9.4%
Goodwill
225
210
215
+6.8%
Intangible assets
526
465
474
+13.0%
Cash and equivalents
58.9
282
151
-79.1%
Receivables
217
174
202
+24.2%
Inventory
675
413
358
+63.2%
Other assets
493
461
467
+7.0%
Total assets
2,194
2,006
1,867
+9.4%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.