| Address:
|
2180 RUTHERFORD RD
|
| City: |
CARLSBAD |
|
State: |
CA |
|
Zip Code: |
92008-8815 |
| Telephone: |
760-931-1771 |
|
Description of Business
|
Primary SIC Code:
3949 |
| (As filed with the SEC)
|
|
|
Callaway Golf Company (the "Company" or "Callaway Golf") was incorporated in
California in 1982 with the main purpose of designing, manufacturing and selling
high quality golf equipment. The Company became a publicly traded corporation in
1992, and in 1997, the Company acquired substantially all of the assets of
Odyssey Sports, Inc., which manufactured and marketed the Odyssey brand of
putters and wedges. The Company reincorporated in Delaware on July 1, 1999 and
in 2000, the Company entered the golf ball business with the release of its
first golf ball product. In 2003, the Company acquired through a court-approved
sale substantially all of the golf-related assets of the TFGC Estate Inc. (f/k/a
The Top-Flite Golf Company, f/k/a Spalding Sports Worldwide, Inc.), which
included golf ball manufacturing facilities, the Top-Flite and Ben Hogan brands,
and all golf-related patents and trademarks (the "Top-Flite Acquisition"). ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2011 | -2.82 | 0.010 | N/E | | 09/2011 | -2.36 | 0.010 | N/E | | 06/2011 | -1.71 | 0.010 | N/E | | 03/2011 | -0.55 | 0.010 | N/E | | 12/2010 | -0.46 | 0.010 | N/E | | 09/2010 | -0.20 | 0.010 | N/E | | 06/2010 | -0.16 | 0.010 | N/E | | 03/2010 | -0.20 | 0.010 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.08 | Total Liab/Total Assets | 0.22 | | Net Inc/Total Assets | -0.02 | Total Liab/Inv Cap | 0.27 | | Net Inc/Inv Cap | -0.03 | Total Liab/Comm Equity | 0.80 | | Pretax Inc/Net Sales | -0.04 | Interest Coverage Ratio | -40.94 | | Net Inc/Net Sales | -0.02 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.01 | LTD/Equity | NA | | SG&A/NetSales | 0.36 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.38 | Quick Ratio | 1.58 | | Inventory Turnover | 2.47 | Current Ratio | 3.11 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.33 | | Net Sales/Work Cap | 2.62 | Inv/Curr Assets | 0.49 | | Net Sales/PP&E | 7.47 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
173.24
|
273.81
|
285.60
|
185.53
|
|
Cost of Goods Sold
|
125.86
|
171.15
|
161.92
|
130.00
|
|
Selling & Admin Exps
|
83.05
|
104.32
|
91.51
|
80.93
|
|
Operating Income
|
-44.16
|
-10.16
|
22.98
|
-42.11
|
|
Interest Exp
|
NA
|
NA
|
NA
|
0.85
|
|
Pretax Income
|
-47.73
|
-13.58
|
21.60
|
-45.49
|
|
Other Income
|
-3.57
|
-3.43
|
-1.38
|
-2.53
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-58.09
|
-63.56
|
12.82
|
-32.26
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
64.30
|
66.53
|
28.54
|
55.04
|
|
Receivables - Total
|
157.52
|
265.11
|
292.86
|
179.27
|
|
Inventories - Total
|
204.21
|
215.26
|
257.90
|
268.59
|
|
Total Current Assets
|
454.24
|
584.77
|
620.63
|
544.61
|
|
Net Property, Plant & Equipment
|
119.65
|
122.06
|
122.70
|
129.60
|
|
Total Assets
|
765.75
|
900.82
|
952.36
|
884.98
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
148.09
|
177.92
|
218.77
|
174.20
|
|
Debt in Current Liabilities
|
NA
|
37.14
|
3.00
|
NA
|
|
Total Current Liabilities
|
148.09
|
215.06
|
222.88
|
175.17
|
|
Long-Term Debt
|
6.10
|
6.36
|
9.01
|
NA
|
|
Total Liabilities
|
191.48
|
257.58
|
244.89
|
191.75
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
2.59
|
2.79
|
3.08
|
2.61
|
|
Preferred Stock
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Common Stock
|
0.66
|
0.66
|
0.66
|
0.66
|
|
Retained Earnings
|
314.20
|
379.74
|
451.88
|
442.41
|
|
Treasury Stock
|
-17.80
|
-22.85
|
-24.92
|
-24.84
|
|
Total Stockholders' Equity
|
574.27
|
643.24
|
707.47
|
693.23
|
|
Total Liabilities and Stockholders' Equity
|
765.75
|
900.82
|
952.36
|
884.98
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
47.29
|
13.94
|
-39.37
|
-46.25
|
|
Net Cash Provided by Investing Activities
|
-6.95
|
-7.17
|
11.25
|
-6.85
|
|
Net Cash Provided by Financing Activities
|
-42.06
|
30.83
|
1.06
|
-3.43
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,017.91 | 23.29 | 0.34 | | 12/2007 | 1,124.59 | 54.59 | 0.81 | | 12/2008 | 1,117.20 | 66.18 | 1.04 | | 12/2009 | 950.80 | -15.26 | -0.33 | | 12/2010 | 967.66 | -18.80 | -0.46 | | Growth Rates | -1.26 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 167 | 64,374 | 99.21 |
|
Report Date :
2/6/2012
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