Callaway Golf Company Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	38.8	93.4	99.5	157.9	322
Depreciation & Amortization	46.4	44.5	45.7	192.8	155.8
Stock-Based Compensation	23.8	27.6	33.3	47	38.7
Other Adjustments	26.9	1.5	19.2	12.7	-228.7
Change in Receivables	23.5	16	-46.4	-75.6	38.2
Changes in Inventories	9.2	-34.1	153.8	-442.4	-177.5
Changes in Accounts Payable	14.6	19.7	-66.7	110.4	96.8
Changes in Accrued Expenses	35.6	-4.9	-20.9	7.6	53.8
Changes in Income Taxes Payable	3.5	-1.7	2.8	-11.4	8.8
Changes in Unearned Revenue	5.7	3.3	3.2	0.8	24.9
Changes in Other Operating Activities	-8.3	0.9	1.4	-34.9	-54.5
Operating Cash Flow	553.7	548.2	589.6	-35.1	278.3
Operating Cash Flow Growth	1.00%	-7.02%	-	-	21.95%
Capital Expenditures	-31.8	-48.7	-50	-532.3	-322.3
Sale of Property, Plant & Equipment	-	-	-	0.4	-
Purchases of Intangible Assets	-0.8	-1.9	-	-3.2	-
Proceeds from Sale of Intangible Assets	0.7	-	-	-	-
Purchases of Investments	-	-	-	-	-30
Proceeds from Sale of Investments	-	-	-	-	19.1
Proceeds from Business Divestments	286	-	-	-	-
Other Investing Activities	-232.5	-246.7	-492.9	-	171.3
Investing Cash Flow	274.6	-350.1	-595.4	-535.1	-161.9
Short-Term Debt Issued	19.9	-	-142.6	-	-
Net Short-Term Debt Issued (Repaid)	19.9	-	-142.6	-	-
Long-Term Debt Issued	-	-	1,225	352.5	115.4
Long-Term Debt Repaid	-18	-70.2	-450.2	-99.3	-201.5
Net Long-Term Debt Issued (Repaid)	-18	-70.2	774.6	253.2	-86.1
Issuance of Common Stock	0.1	0.1	4.2	0.7	22.3
Repurchase of Common Stock	-3.7	-31.4	-56	-35.8	-38.2
Net Common Stock Issued (Repurchased)	-3.6	-31.3	-51.8	-35.1	-15.9
Other Financing Activities	93.2	77.9	-204.4	207.2	-22.1
Financing Cash Flow	88.6	-125.6	953.8	425.3	-124.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	6.1	-9.6	-2.2	-9.4	-0.7
Net Cash Flow	453.2	51.5	195.4	-154.3	-8.4
Free Cash Flow	521.9	499.5	539.6	-567.4	-44
Free Cash Flow Growth	4.48%	-7.43%	-	-	-
FCF Margin	-	-	-	-14.20%	-1.40%
Free Cash Flow Per Share	2.81	2.51	2.68	-2.82	-0.25
Levered Free Cash Flow	164.4	20.3	830.8	-298.3	50.3
Unlevered Free Cash Flow	203	131.9	263.4	-423.64	-9.5

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.