Acushnet Holdings Corp
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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 7, 2024
GOLF$85.03+0.5%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 (unaudited)
| March 31, | December 31, | |
|---|---|---|
| (in thousands, except share and per share amounts) | 2024 | 2023 |
| Assets | ||
| Current assets | ||
| Cash, cash equivalents and restricted cash ($12,085 and $12,532 attributable to the variable interest entity ("VIE")) | $48,722 | $65,435 |
| Accounts receivable, net | 464,954 | 201,352 |
| Inventories ($5,783 and $9,621 attributable to the VIE) | 537,412 | 615,535 |
| Prepaid and other assets | 123,360 | 114,370 |
| Total current assets | 1,174,448 | 996,692 |
| Property, plant and equipment, net ($8,877 and $9,044 attributable to the VIE) | 293,387 | 295,343 |
| Goodwill ($32,312 and $32,312 attributable to the VIE) | 223,221 | 225,302 |
| Intangible assets, net | 533,744 | 537,407 |
| Deferred income taxes | 26,618 | 31,454 |
| Other assets ($1,951 and $1,972 attributable to the VIE) | 105,541 | 110,479 |
| Total assets | $2,356,959 | $2,196,677 |
| Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity | ||
| Current liabilities | ||
| Short-term debt | $30,514 | $28,997 |
| Current portion of long-term debt | 617 | 351 |
| Accounts payable ($3,151 and $6,059 attributable to the VIE) | 151,180 | 150,514 |
| Accrued taxes | 57,182 | 46,398 |
| Accrued compensation and benefits ($240 and $1,233 attributable to the VIE) | 67,551 | 111,136 |
| Accrued expenses and other liabilities ($4,190 and $1,687 attributable to the VIE) | 129,033 | 113,739 |
| Total current liabilities | 436,077 | 451,135 |
| Long-term debt | 833,335 | 671,819 |
| Deferred income taxes | 7,286 | 7,080 |
| Accrued pension and other postretirement benefits | 69,951 | 69,634 |
| Other noncurrent liabilities | 81,267 | 84,137 |
| Total liabilities | 1,427,916 | 1,283,805 |
| Commitments and contingencies (Note 15) | ||
| Redeemable noncontrolling interests | 9,604 | 9,785 |
| Shareholders' equity | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized; 63,287,749 and 63,429,243 shares issued | 63 | 63 |
| Additional paid-in capital | 794,071 | 808,615 |
| Accumulated other comprehensive loss, net of tax | (115,479) | (104,349) |
| Retained earnings | 205,081 | 159,906 |
| Total equity attributable to Acushnet Holdings Corp. | 883,736 | 864,235 |
| Noncontrolling interests | 35,703 | 38,852 |
| Total shareholders' equity | 919,439 | 903,087 |
| Total liabilities, redeemable noncontrolling interests and shareholders' equity | $2,356,959 | $2,196,677 |
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