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 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,448	95	157.9	322
Depreciation & Amortization	275.8	247.5	199.2	155.8
Other Amortization	5.7	6.5	9.8	19.3
Loss (Gain) From Sale of Assets	17.2	-	-	-
Asset Writedown & Restructuring Costs	1,459	11.7	5.5	-
Loss (Gain) From Sale of Investments	-	-	-	-252.5
Stock-Based Compensation	37	46.7	47	38.7
Other Operating Activities	-12.1	-53.3	-9	4.5
Change in Accounts Receivable	17.2	-34.2	-75.6	38.2
Change in Inventory	12.2	163.2	-442.4	-177.5
Change in Accounts Payable	-6.4	-98.1	110.4	96.8
Change in Unearned Revenue	-14.8	16.7	0.8	24.9
Change in Income Taxes	0.5	6.2	-11.4	8.8
Change in Other Net Operating Assets	38	-43.2	-27.3	-0.7
Operating Cash Flow	382	364.7	-35.1	278.3
Operating Cash Flow Growth	4.74%	-	-	21.95%
Capital Expenditures	-295.4	-482	-532.3	-322.3
Sale of Property, Plant & Equipment	0.6	0.3	-	-
Cash Acquisitions	-23.3	-60.9	-	171.3
Divestitures	27.3	-	0.4	-
Sale (Purchase) of Intangibles	-3.2	-0.8	-3.2	-
Investment in Securities	-4.3	-2.5	-	-10.9
Other Investing Activities	1	3	-	-
Investing Cash Flow	-297.3	-542.9	-535.1	-161.9
Short-Term Debt Issued	-	-	213	-
Long-Term Debt Issued	115.5	1,499	352.5	115.4
Total Debt Issued	115.5	1,499	565.5	115.4
Short-Term Debt Repaid	-25.5	-272.4	-	-13.1
Long-Term Debt Repaid	-82.1	-797.3	-99.3	-201.5
Total Debt Repaid	-107.6	-1,070	-99.3	-214.6
Net Debt Issued (Repaid)	7.9	429.4	466.2	-99.2
Issuance of Common Stock	0.1	4.2	0.7	22.3
Repurchase of Common Stock	-31.4	-56	-35.8	-38.2
Other Financing Activities	-0.2	-1.8	-5.8	-9
Financing Cash Flow	-23.6	375.8	425.3	-124.1
Foreign Exchange Rate Adjustments	-9.6	-2.2	-9.4	-0.7
Net Cash Flow	51.5	195.4	-154.3	-8.4
Free Cash Flow	86.6	-117.3	-567.4	-44
Free Cash Flow Margin	2.04%	-2.74%	-14.20%	-1.40%
Free Cash Flow Per Share	0.47	-0.58	-2.82	-0.25
Cash Interest Paid	198.7	184.7	111.1	88.6
Cash Income Tax Paid	20.9	21.5	28.1	9.4
Levered Free Cash Flow	-17.69	-134.98	-624.53	116.4
Unlevered Free Cash Flow	125.74	-6.29	-542.26	172.04
Change in Working Capital	46.7	10.6	-445.5	-9.5

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.