Topgolf Callaway Brands Corp
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
CALY$17.37-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, and
(In millions, except share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $393.5 | $180.2 |
| Restricted cash | 0.8 | 19.1 |
| Accounts receivable, less allowances of $11.6 million and $10.8 million, respectively | 200.5 | 167.3 |
| Inventories | 794.4 | 959.2 |
| Prepaid expenses | 55.8 | 57.1 |
| Other current assets | 183.1 | 136.0 |
| Total current assets | 1,628.1 | 1,518.9 |
| Property, plant and equipment, net | 2,156.5 | 1,809.6 |
| Operating lease right-of-use assets, net | 1,410.1 | 1,419.1 |
| Tradenames and trademarks | 1,421.8 | 1,412.7 |
| Other intangible assets, net | 83.7 | 91.0 |
| Goodwill | 1,988.7 | 1,983.7 |
| Other assets, net | 431.7 | 355.4 |
| Total assets | $9,120.6 | $8,590.4 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $480.5 | $580.0 |
| Accrued employee compensation and benefits | 113.1 | 135.2 |
| Asset-based credit facilities | 54.7 | 219.3 |
| Operating lease liabilities, short-term | 86.4 | 76.4 |
| Construction advances | 59.3 | 35.4 |
| Deferred revenue | 110.9 | 94.9 |
| Other current liabilities | 42.7 | 35.0 |
| Total current liabilities | 947.6 | 1,176.2 |
| Long-term debt, net | 1,518.2 | 1,176.3 |
| Operating lease liabilities, long-term | 1,433.4 | 1,437.5 |
| Deemed landlord financing obligations, long-term | 980.0 | 658.0 |
| Deferred taxes, net | 36.7 | 117.5 |
| Other long-term liabilities | 326.5 | 250.6 |
| Commitments and contingencies (Note 13) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at December 31, 2023 and December 31, 2022 | — | — |
| Common stock, $0.01 par value, 360.0 million shares authorized, 187.0 million shares issued at December 31, 2023 and December 31, 2022 | 1.9 | 1.9 |
| Additional paid-in capital | 3,032.7 | 3,012.7 |
| Retained earnings | 947.5 | 852.5 |
| Accumulated other comprehensive loss | (47.5) | (61.5) |
| Less: Common stock held in treasury, at cost, 3.3 million shares and 1.3 million shares at December 31, 2023 and December 31, 2022, respectively | (56.4) | (31.3) |
| Total shareholders’ equity | 3,878.2 | 3,774.3 |
| Total liabilities and shareholders’ equity | $9,120.6 | $8,590.4 |
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