| Address:
|
2801 EAST PLANO PARKWAY
|
| City: |
PLANO |
|
State: |
TX |
|
Zip Code: |
75074 |
| Telephone: |
972-673-9000 |
|
Description of Business
|
Primary SIC Code:
3949 |
| (As filed with the SEC)
|
|
|
Adams Golf, Inc. (together with its subsidiaries, "we", "us", "Adams Golf", or
the "Company") designs, assembles, markets and distributes premium quality,
technologically innovative golf clubs for all skill levels. Our recently
launched products include Idea Tech V3 irons and hybrids, Idea a7 and a7 OS
irons and hybrids, Speedline Fast 11 and Speedline 9064 drivers, Speedline Fast
11 fairway woods, and Idea Pro Black hybrids and irons. We also develop new
products under the names of Yes! Putters, Women's Golf Unlimited, the Lady
Fairway and Square 2 brands.
We were incorporated in 1987 and re-domesticated in Delaware in 1990. We
completed an internal reorganization in 1997, and we now conduct our operations
through several direct and indirect wholly-owned subsidiaries, agencies and
distributorships.
The consolidated financial statements include the accounts of the Company and
its subsidiaries, all of which are wholly-owned. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.66 | NA | 8.18 | | 06/2011 | 0.68 | NA | 11.01 | | 03/2011 | 0.95 | NA | 5.82 | | 12/2010 | 0.66 | NA | 7.13 | | 09/2010 | 0.65 | NA | 6.77 | | 06/2010 | -0.25 | NA | N/E | | 03/2010 | -1.66 | NA | N/E | | 12/2009 | -1.82 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.06 | Total Liab/Total Assets | 0.25 | | Net Inc/Total Assets | 0.08 | Total Liab/Inv Cap | 0.33 | | Net Inc/Inv Cap | 0.11 | Total Liab/Comm Equity | 0.17 | | Pretax Inc/Net Sales | 0.06 | Interest Coverage Ratio | 138.39 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | -0.07 | LTD/Equity | NA | | SG&A/NetSales | 0.35 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.80 | Quick Ratio | 1.57 | | Inventory Turnover | 2.07 | Current Ratio | 3.32 | | Inventory Day Sales | 0.00 | Net Rec/Curr Assets | 0.32 | | Net Sales/Work Cap | 2.41 | Inv/Curr Assets | 0.53 | | Net Sales/PP&E | 98.12 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
20.51
|
34.12
|
30.19
|
12.60
|
|
Cost of Goods Sold
|
11.18
|
19.42
|
16.03
|
7.85
|
|
Selling & Admin Exps
|
8.07
|
11.01
|
9.34
|
6.14
|
|
Operating Income
|
0.52
|
3.00
|
4.12
|
-2.06
|
|
Interest Exp
|
NA
|
NA
|
NA
|
0.04
|
|
Pretax Income
|
0.52
|
2.96
|
4.11
|
-2.06
|
|
Other Income
|
-0.00
|
0.00
|
-0.00
|
0.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
0.48
|
2.92
|
4.04
|
-2.06
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
11.29
|
3.87
|
0.66
|
6.72
|
|
Receivables - Total
|
21.81
|
32.84
|
31.98
|
16.59
|
|
Inventories - Total
|
22.87
|
24.63
|
28.97
|
27.09
|
|
Total Current Assets
|
59.06
|
62.11
|
62.46
|
51.29
|
|
Net Property, Plant & Equipment
|
0.86
|
0.93
|
0.90
|
0.88
|
|
Total Assets
|
71.63
|
74.80
|
75.08
|
62.53
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
16.33
|
20.03
|
20.40
|
15.43
|
|
Debt in Current Liabilities
|
NA
|
NA
|
3.01
|
NA
|
|
Total Current Liabilities
|
16.33
|
20.03
|
23.41
|
15.43
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
16.33
|
20.03
|
23.41
|
15.43
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Retained Earnings
|
-37.90
|
-38.38
|
-41.31
|
-45.35
|
|
Treasury Stock
|
-4.75
|
-4.75
|
-4.75
|
-4.75
|
|
Total Stockholders' Equity
|
55.30
|
54.77
|
51.66
|
47.10
|
|
Total Liabilities and Stockholders' Equity
|
71.63
|
74.80
|
75.08
|
62.53
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
7.61
|
6.46
|
-7.91
|
-3.65
|
|
Net Cash Provided by Investing Activities
|
-0.04
|
-0.23
|
-1.52
|
-0.24
|
|
Net Cash Provided by Financing Activities
|
-0.00
|
-3.01
|
3.00
|
0.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 76.03 | 9.00 | -- | | 12/2007 | 94.60 | 9.40 | 5.28 | | 12/2008 | 91.45 | -1.46 | -0.23 | | 12/2009 | 76.14 | -12.19 | -1.82 | | 12/2010 | 86.25 | 5.05 | 0.66 | | Growth Rates | 3.20 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 13 | 355 | 4.55 |
|
Report Date :
2/6/2012
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