| 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 a7 and a7 OS irons and hybrids, Speedline Fast 10
and Speedline 9032 drivers, Speedline Fast 10 hybrid fairway woods, Idea Pro
Black I-woods and irons, Idea Tech a4 and a4 OS I-woods and irons, Idea Pro Gold
I-woods and irons and Insight Tech a4 and a4 OS drivers and hybrid-fairway
woods. We also continue to develop new products under the name of Women's Golf
Unlimited, the Lady Fairway and Square 2 brands. We continue to sell certain
older product lines, including the Idea a3 and a3 OS I-woods and irons, the
Tight Lies family of fairway woods, the Puglielli series of wedges, and certain
accessories.
We were incorporated in 1987 and re-domesticated in Delaware in 1990. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | -0.25 | NA | N/E | | 03/2010 | -1.66 | NA | N/E | | 12/2009 | -1.82 | NA | N/E | | 09/2009 | -1.94 | NA | N/E | | 06/2009 | -1.28 | NA | N/E | | 03/2009 | -0.29 | NA | N/E | | 12/2008 | -0.23 | NA | N/E | | 09/2008 | 0.71 | NA | 7.34 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -0.14 | Total Liab/Total Assets | 0.29 | | Net Inc/Total Assets | -0.21 | Total Liab/Inv Cap | 0.41 | | Net Inc/Inv Cap | -0.30 | Total Liab/Comm Equity | 0.19 | | Pretax Inc/Net Sales | -0.16 | Interest Coverage Ratio | -138.31 | | Net Inc/Net Sales | -0.16 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.07 | LTD/Equity | NA | | SG&A/NetSales | 0.42 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.46 | Quick Ratio | 1.56 | | Inventory Turnover | 2.01 | Current Ratio | 2.74 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.29 | | Net Sales/Work Cap | 2.62 | Inv/Curr Assets | 0.43 | | Net Sales/PP&E | 81.52 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
31.60
|
22.36
|
12.02
|
17.39
|
|
Cost of Goods Sold
|
16.93
|
12.29
|
7.72
|
11.06
|
|
Selling & Admin Exps
|
9.02
|
7.80
|
5.55
|
11.16
|
|
Operating Income
|
5.06
|
1.64
|
-1.86
|
-5.44
|
|
Interest Exp
|
NA
|
NA
|
0.09
|
NA
|
|
Pretax Income
|
5.05
|
1.63
|
-1.87
|
-5.47
|
|
Other Income
|
-0.01
|
0.00
|
-0.00
|
-0.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
4.92
|
1.65
|
-1.88
|
-5.47
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
10.12
|
6.92
|
12.56
|
11.41
|
|
Receivables - Total
|
28.12
|
22.95
|
13.14
|
16.25
|
|
Inventories - Total
|
19.87
|
17.31
|
19.72
|
20.61
|
|
Total Current Assets
|
58.44
|
47.94
|
45.82
|
48.91
|
|
Net Property, Plant & Equipment
|
0.77
|
0.84
|
0.93
|
1.03
|
|
Total Assets
|
69.63
|
59.22
|
57.22
|
60.44
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
22.22
|
16.98
|
16.71
|
18.52
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
22.22
|
16.98
|
16.71
|
18.54
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
22.22
|
16.98
|
16.71
|
18.55
|
|
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
|
-43.82
|
-48.74
|
-50.39
|
-48.52
|
|
Treasury Stock
|
-4.75
|
-4.75
|
-4.75
|
-4.75
|
|
Total Stockholders' Equity
|
47.41
|
42.24
|
40.51
|
41.90
|
|
Total Liabilities and Stockholders' Equity
|
69.63
|
59.22
|
57.22
|
60.44
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
3.19
|
-5.45
|
0.91
|
13.26
|
|
Net Cash Provided by Investing Activities
|
-0.03
|
-0.01
|
-0.02
|
-0.01
|
|
Net Cash Provided by Financing Activities
|
-0.01
|
-0.01
|
-0.00
|
-5.08
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 56.42 | 3.24 | -- | | 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 | | Growth Rates | 7.78 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 11 | 338 | 4.70 |
|
Report Date :
9/7/2010
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