Acushnet Holdings Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash, cash equivalents and restricted cash ($10,647 and $12,532 attributable to the variable interest entity ("VIE")) | $53,059 | $65,435 |
| Accounts receivable, net | 218,368 | 201,352 |
| Inventories ($3,667 and $9,621 attributable to the VIE) | 575,964 | 615,535 |
| Prepaid and other assets | 126,482 | 114,370 |
| Total current assets | 973,873 | 996,692 |
| Property, plant and equipment, net ($8,135 and $9,044 attributable to the VIE) | 325,747 | 295,343 |
| Goodwill ($32,312 and $32,312 attributable to the VIE) | 220,136 | 225,302 |
| Intangible assets, net | 523,131 | 537,407 |
| Deferred income taxes | 34,306 | 31,454 |
| Other assets ($1,884 and $1,972 attributable to the VIE) | 103,013 | 110,479 |
| Total assets | $2,180,206 | $2,196,677 |
| Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity | ||
| Current liabilities | ||
| Short-term debt | $10,160 | $28,997 |
| Current portion of long-term debt | 722 | 351 |
| Accounts payable ($2,400 and $6,059 attributable to the VIE) | 150,322 | 150,514 |
| Accrued taxes | 36,009 | 46,398 |
| Accrued compensation and benefits ($643 and $1,233 attributable to the VIE) | 95,064 | 111,136 |
| Accrued expenses and other liabilities ($13,893 and $1,687 attributable to the VIE) | 180,430 | 113,739 |
| Total current liabilities | 472,707 | 451,135 |
| Long-term debt | 753,081 | 671,819 |
| Deferred income taxes | 8,107 | 7,080 |
| Accrued pension and other postretirement benefits | 74,410 | 69,634 |
| Other noncurrent liabilities | 74,737 | 84,137 |
| Total liabilities | 1,383,042 | 1,283,805 |
| Commitments and contingencies (Note 22) | ||
| Redeemable noncontrolling interests | 4,028 | 9,785 |
| Shareholders' equity | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized; 61,214,541 and 63,429,243 shares issued | 61 | 63 |
| Additional paid-in capital | 787,725 | 808,615 |
| Accumulated other comprehensive loss, net of tax | (140,315) | (104,349) |
| Retained earnings | 180,276 | 159,906 |
| Treasury stock, at cost; (including 935,907 of accrued share repurchases) (Note 16) | (62,500) | — |
| Total equity attributable to Acushnet Holdings Corp. | 765,247 | 864,235 |
| Noncontrolling interests | 27,889 | 38,852 |
| Total shareholders' equity | 793,136 | 903,087 |
| Total liabilities, redeemable noncontrolling interests and shareholders' equity | $2,180,206 | $2,196,677 |
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