$CALY
CALLAWAY GOLF CO
CIK:0000837465|SEC Filings
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 278.1 | $ 903.2 |
| Restricted cash | 0.2 | 0.0 |
| Accounts receivable, less allowance of $5.0 million and $4.9 million, respectively | 315.7 | 123.2 |
| Inventories | 518.2 | 625.3 |
| Prepaid expenses | 39.1 | 44.1 |
| Other current assets | 96.1 | 69.8 |
| Current assets of discontinued operations (Note 3) | 0.0 | 4,170.0 |
| Total current assets | 1,247.4 | 5,935.6 |
| Property, plant and equipment, net | 155.7 | 159.5 |
| Operating lease right-of-use assets, net | 161.0 | 173.5 |
| Trade names and trademarks | 218.8 | 218.8 |
| Net book value | 3.1 | 3.6 |
| Goodwill | 619.5 | 619.8 |
| Equity method investments (Note 9) | 213.9 | 0.0 |
| Deferred tax assets, long-term | 72.9 | 109.2 |
| Other assets, net | 90.6 | 66.0 |
| Total assets | 2,782.9 | 7,286.0 |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 236.2 | 296.2 |
| Accrued employee compensation and benefits | 66.2 | 84.9 |
| Long-term debt, current portion | 3.6 | 765.3 |
| Asset-based credit facilities | 43.1 | 44.7 |
| Operating lease liabilities, short-term | 23.1 | 22.9 |
| Deferred revenue | 15.9 | 21.5 |
| Other current liabilities | 21.8 | 18.5 |
| Current liabilities of discontinued operations (Note 3) | 0.0 | 3,113.5 |
| Total current liabilities | 409.9 | 4,367.5 |
| Long-term debt, net | 4.1 | 650.7 |
| Operating lease liabilities, long-term | 176.5 | 189.7 |
| Other long-term liabilities | 30.0 | 9.2 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at both June 30, 2026 and December 31, 2025 | 0.0 | 0.0 |
| Common stock, $0.01 par value, 360.0 million shares authorized, and 186.2 million shares issued at both June 30, 2026 and December 31, 2025 | 1.9 | 1.9 |
| Additional paid-in capital | 3,036.8 | 3,037.5 |
| Retained earnings (accumulated deficit) | (741.2) | (909.5) |
| Accumulated other comprehensive loss | (34.2) | (27.6) |
| Less: Common stock held in treasury, at cost, 7.1 million and 2.3 million shares as of June 30, 2026 and December 31, 2025, respectively | (100.9) | (33.4) |
| Total shareholders’ equity | 2,162.4 | 2,068.9 |
| Total liabilities and shareholders’ equity | $ 2,782.9 | $ 7,286.0 |