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Topgolf Callaway Brands Corp

For the period ended Mar 31, 2024. Filed May 8, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

CALY$17.37-0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Condensed Consolidated Balance Sheets as of and

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions, except share data)

March 31, 2024December 31, 2023
ASSETS
Current assets:
Cash and cash equivalents$233.9$393.5
Restricted cash0.70.8
Accounts receivable, less allowances of $11.1 million and $11.6 million, respectively423.9200.5
Inventories702.9794.4
Prepaid expenses56.855.8
Other current assets175.0183.1
Total current assets1,593.21,628.1
Property, plant and equipment, net2,167.62,156.5
Operating lease right-of-use assets, net1,402.81,410.1
Other intangible assets, net80.683.7
Trade names and trademarks1,420.21,421.8
Goodwill1,992.71,988.7
Other assets, net434.9431.7
Total assets$9,092.0$9,120.6
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses$410.5$480.5
Accrued employee compensation and benefits118.1113.1
Asset-based credit facilities52.254.7
Operating lease liabilities, short-term86.786.4
Construction advances61.859.3
Deferred revenue106.7110.9
Other current liabilities39.042.7
Total current liabilities875.0947.6
Long-term debt, net1,519.21,518.2
Operating lease liabilities, long-term1,430.71,433.4
Deemed landlord financing obligations1,013.7980.0
Deferred taxes, net41.936.7
Other long-term liabilities324.5326.5
Commitments and contingencies (Note 12)
Shareholders’ equity:
Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at March 31, 2024 and December 31, 2023——
Common stock, $0.01 par value, 360.0 million shares authorized, and 187.0 million shares issued at both March 31, 2024 and December 31, 20231.91.9
Additional paid-in capital3,031.73,032.7
Retained earnings954.0947.5
Accumulated other comprehensive loss(52.1)(47.5)
Less: Common stock held in treasury, at cost, 2.9 million shares and 3.3 million shares at March 31, 2024 and December 31, 2023, respectively(48.5)(56.4)
Total shareholders’ equity3,887.03,878.2
Total liabilities and shareholders’ equity$9,092.0$9,120.6
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.