Acushnet Holdings Corp
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
GOLF$84.61+4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (in thousands, except share and per share amounts) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash, cash equivalents and restricted cash ($12,532 and $14,376 attributable to the variable interest entity ("VIE")) | $65,435 | $58,904 |
| Accounts receivable, net | 201,352 | 216,695 |
| Inventories ($9,621 and $17,866 attributable to the VIE) | 615,535 | 674,684 |
| Prepaid and other assets | 114,370 | 108,793 |
| Total current assets | 996,692 | 1,059,076 |
| Property, plant and equipment, net ($9,044 and $10,089 attributable to the VIE) | 295,343 | 254,472 |
| Goodwill ($32,312 and $32,312 attributable to the VIE) | 225,302 | 224,814 |
| Intangible assets, net | 537,407 | 525,903 |
| Deferred income taxes | 31,454 | 47,551 |
| Other assets ($1,972 and $2,083 attributable to the VIE) | 110,479 | 81,991 |
| Total assets | $2,196,677 | $2,193,807 |
| Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity | ||
| Current liabilities | ||
| Short-term debt | $28,997 | $40,336 |
| Current portion of long-term debt | 351 | — |
| Accounts payable ($6,059 and $11,914 attributable to the VIE) | 150,514 | 166,998 |
| Accrued taxes | 46,398 | 40,922 |
| Accrued compensation and benefits ($1,233 and $1,651 attributable to the VIE) | 111,136 | 98,245 |
| Accrued expenses and other liabilities ($1,687 and $3,380 attributable to the VIE) | 113,739 | 202,124 |
| Total current liabilities | 451,135 | 548,625 |
| Long-term debt | 671,819 | 527,509 |
| Deferred income taxes | 7,080 | 5,896 |
| Accrued pension and other postretirement benefits | 69,634 | 74,234 |
| Other noncurrent liabilities ($0 and $2,145 attributable to the VIE) | 84,137 | 54,177 |
| Total liabilities | 1,283,805 | 1,210,441 |
| Commitments and contingencies (Note 22) | ||
| Redeemable noncontrolling interests | 9,785 | 6,663 |
| Shareholders' equity | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized; 63,429,243 and 76,321,523 shares issued | 63 | 76 |
| Additional paid-in capital | 808,615 | 960,685 |
| Accumulated other comprehensive loss, net of tax | (104,349) | (109,668) |
| Retained earnings | 159,906 | 473,130 |
| Treasury stock, at cost; 8,892,425 shares as of December 31, 2022 (including 2,000,839 of accrued share repurchases) (Note 16) | — | (385,167) |
| Total equity attributable to Acushnet Holdings Corp. | 864,235 | 939,056 |
| Noncontrolling interests | 38,852 | 37,647 |
| Total shareholders' equity | 903,087 | 976,703 |
| Total liabilities, redeemable noncontrolling interests and shareholders' equity | $2,196,677 | $2,193,807 |
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