Callaway Golf Co
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $903.2 | $445.0 |
| Accounts receivable, less allowances of $4.9 million and $5.8 million, respectively | 123.2 | 137.2 |
| Inventories | 625.3 | 628.2 |
| Prepaid expenses | 44.1 | 40.7 |
| Other current assets | 69.8 | 61.5 |
| Current assets of discontinued operations (Note 4) | 4,170.0 | 288.1 |
| Total current assets | 5,935.6 | 1,600.7 |
| Property, plant and equipment, net | 159.5 | 175.9 |
| Operating lease right-of-use assets, net | 173.5 | 151.9 |
| Intangible assets, net | 222.4 | 222.5 |
| Goodwill | 619.8 | 618.7 |
| Other assets, net | 175.2 | 120.8 |
| Long-term assets of discontinued operations (Note 4) | — | 4,745.6 |
| Total assets | $7,286.0 | $7,636.1 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $296.2 | $267.2 |
| Accrued employee compensation and benefits | 84.9 | 48.3 |
| Long-term debt, current portion | 765.3 | 14.6 |
| Asset-based credit facilities | 44.7 | 25.4 |
| Operating lease liabilities, short-term | 22.9 | 18.1 |
| Deferred revenue | 21.5 | 15.9 |
| Other current liabilities | 18.5 | 17.0 |
| Current liabilities of discontinued operations (Note 4) | 3,113.5 | 419.4 |
| Total current liabilities | 4,367.5 | 825.9 |
| Long-term debt, net | 650.7 | 1,414.3 |
| Operating lease liabilities, long-term | 189.7 | 164.5 |
| Other long-term liabilities | 9.2 | 5.4 |
| Long-term liabilities of discontinued operations (Note 4) | — | 2,818.3 |
| Commitments and contingencies (Note 13) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at both December 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.01 par value, 360.0 million shares authorized, 186.2 million shares issued at both December 31, 2025 and December 31, 2024 | 1.9 | 1.9 |
| Additional paid-in capital | 3,037.5 | 3,032.8 |
| Retained earnings (accumulated deficit) | (909.5) | (500.2) |
| Accumulated other comprehensive loss | (27.6) | (76.0) |
| Less: Common stock held in treasury, at cost, 2.3 million shares and 3.1 million shares at December 31, 2025 and December 31, 2024, respectively | (33.4) | (50.8) |
| Total shareholders’ equity | 2,068.9 | 2,407.7 |
| Total liabilities and shareholders’ equity | $7,286.0 | $7,636.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.