BRUNSWICK CORP

Listed Company

BCCIK 0000014930NYSELarge AcceleratedEngines & TurbinesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.36B

Net Income

$-137.30M

Total Assets

$5.31B

Equity

$1.63B

Shares Out

64.85M

Op. Cash Flow

$562.10M

Business

BRUNSWICK CORP designs, manufactures, and markets recreational marine products and related services, positioning itself as a global leader in marine recreation and technology-driven solutions. It offers marine propulsion systems, recreational boats, parts and accessories, marine electronics, batteries and power systems, shared-access services through a boat club, and financing and digital retail finance solutions. Its key business segments are Propulsion, Engine Parts & Accessories (Engine P&A), Navico Group (marine electronics and systems), Boat (Brunswick Boat Group and Business Acceleration) and Financing Services. Brunswick sells worldwide through a network of independent dealers, distributors, aftermarket retailers, OEM customers, direct boat club locations, and wholesale parts distribution channels.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Sales	5,363	5,237	6,401	6,812	5,846
Cost of Sales	4,031	3,886	4,614	4,865	4,180
Selling, General and Administrative Expense	851	748	812	771	698
Research And Development Expense	169	170	185	203	155
Restructuring, Exit and Impairment Charges	353	122	55	25	800,000
Operating Earnings	−41	312	735	948	813
Equity Earnings	7	9	−11	4	2
Other Expense, Net	−2	9	8	−6	−7
Earnings Before Interest and Income Taxes	−35	329	731	946	808
Interest Expense, Operating and Nonoperating	−112	−127	−112	−98	−66
Interest Income	7	13	10	6	2
Transaction Financing Charges	4	−13	0	−100,000	−4
Earnings Before Income Taxes	−136	203	629	854	736
Income Tax Provision	200,000	54	196	172	141
Net Earnings from Continuing Operations	−136	149	433	681	595
Net (Loss) Earnings from Discontinued Operations, Net of Tax	−1	−19	−12	−4	−2
Net Earnings (Loss)	−137	130	420	677	593
Earnings from Continuing Operations (in Dollars Per Share)	−2.06	2.22	6.16	9.11	7.65
Earnings (Loss) from Discontinued Operations (in Dollars Per Share)	−0.02	−0.28	−0.17	−0.06	−0.02
Net Earnings (Loss) (in Dollars per Share)	−2.08	1.94	5.99	9.05	7.63
Earnings from Continuing Operations (in Dollars per Share)	−2.06	2.21	6.13	9.06	7.59
Earnings (Loss) from Discontinued Operations (in Dollars per Share)	−0.02	−0.28	−0.17	−0.06	−0.02
Net Earnings (Loss) (in Dollars per Share)	−2.08	1.93	5.96	9	7.57
Basic Earnings Per Common Share (in Shares)	66	67	70	75	78
Diluted Earnings Per Common Share (in Shares)	66	67	71	75	78

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value	257	269	468	596	355
Less: Restricted Cash	18	17	11	13	12
Short-Term Investments in Marketable Securities	800,000	800,000	800,000	5	800,000
Total Cash and Short-Term Investments in Marketable Securities	276	287	480	613	368
Accounts and Notes Receivable, Less Allowances of $11.3 and $9.2	523	429	493	543	485
Finished Goods	767	847	932	836	686
Work-In-Process	147	148	182	209	177
Raw Materials	278	308	363	426	346
Net Inventories	1,192	1,303	1,477	1,471	1,208
Prepaid Expenses and Other	73	96	60	68	64
Current Assets	2,063	2,114	2,510	2,695	2,125
Land	44	44	44	42	35
Buildings and Improvements	682	642	620	564	479
Equipment	1,597	1,545	1,552	1,488	1,332
Total Land, Buildings and Improvements and Equipment	2,322	2,231	2,215	2,095	1,846
Accumulated Depreciation	−1,291	−1,187	−1,136	−1,051	−990
Net Land, Buildings and Improvements and Equipment	1,031	1,044	1,080	1,044	857
Unamortized Product Tooling Costs	177	208	236	227	190
Net Property	1,208	1,252	1,316	1,271	1,047
Goodwill	681	966	1,031	968	888
Other Intangibles, Net	855	918	978	997	1,052
Equity Investments	34	35	39	54	44
Deferred Revenue	272	198	187	203	146
Operating lease assets	170	162	152	115	93
Other long-term assets	28	34	19	18	30
Other Assets	2,041	2,312	2,405	2,355	2,254
Total Assets	5,312	5,678	6,231	6,321	5,425
Short-Term Debt and Current Maturities of Long-Term Debt	295	243	455	89	37
Accounts Payable	375	393	558	663	694
Accrued Expenses	758	644	739	738	711
Current Liabilities	1,429	1,280	1,752	1,490	1,442
Debt	1,807	2,098	1,976	2,420	1,779
Non-Current Operating Lease Liabilities	152	145	134	98	76
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	10	10	12	61	3
Postretirement Benefits	38	46	53	50	67
Other	251	206	217	161	145
Long-Term Liabilities	2,258	2,506	2,391	2,789	2,069
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 86,757,000 and 87,537,000 Shares	77	77	77	77	77
Additional Paid-In Capital	427	402	392	391	395
Retained Earnings	3,365	3,615	3,597	3,289	2,720
Treasury Stock, at Cost: 15,781,000 and 15,001,000 Shares	−2,220	−2,148	−1,953	−1,685	−1,246
Foreign Currency Translation	−25	−97	−50	−71	−35
Prior Service Credits	−8	−8	−7	−4	−4
Net Actuarial Losses	12	11	8	10	−3
Unrealized Gain (Loss) on Investments	200,000	200,000	200,000	200,000	200,000
Unrealized Losses on Derivatives	−2	41	23	36	10
Total Accumulated Other Comprehensive Loss, Net of Tax	−23	−53	−26	−30	−32
Shareholders' Equity	1,626	1,892	2,087	2,042	1,914
Total Liabilities and Shareholders' Equity	5,312	5,678	6,231	6,321	5,425
Common Stock, Shares Authorized (in Shares)	200	200	200	200	200
Common Stock, Par Value (in Dollars per Share)	0.75	0.75	0.75	0.75	0.75
Common Stock, Shares Outstanding	65	66	68	71	77
Common Stock, Shares Issued (in Shares)	103	103	103	103	103
Treasury Stock, Shares (in Shares)	38	37	34	31	26
Accounts and Notes Receivable, Allowances	11	10	11	10	10

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and Amortization	293	289	273	231	178
Stock Compensation Expense	39	23	22	22	30
Asset Impairment Charges	323	92	20	19	800,000
Deferred Income Taxes	−82	−16	16	−19	−22
Equity Method Investment, Other-than-Temporary Impairment	0	0	19	0	0
Change in Accounts and Notes Receivable	−73	45	55	−75	−85
Change in Inventory	114	113	700,000	−293	−343
Change in Prepaid Expenses and Other, Excluding Income Taxes	8	6	23	38	−10
Change in Accounts Payable	−26	−144	−86	−12	134
Change in Accrued Expenses	97	−104	−23	−9	74
Increase (Decrease) in Contract with Customer, Liability	9	10	15	13	12
Income Taxes	37	−27	−2	−1	18
Other, Net	−18	14	−20	−15	7
Net Cash Provided by Operating Activities of Continuing Operations	586	450	745	580	586
Net Cash Used for Operating Activities of Discontinued Operations	−24	−18	−12	6	−12
Net Cash Provided by Operating Activities	562	431	734	586	574
Capital Expenditures	−166	−167	−289	−388	−267
Payments to Acquire Debt Securities, Available-for-sale	0	−81	0	−60	0
Payments for (Proceeds from) Investments	−7	−3	5	11	11
Acquisition of Businesses, Net of Cash Acquired	−200,000	−32	−104	−94	−1,139
Proceeds from the Sale of Property, Plant and Equipment	13	15	15	11	7
Proceeds from Sales of Business, Affiliate and Productive Assets	400,000	10	0	0	—
Other, net	5	−2	0	−43	0
Net Cash Used for Investing Activities	−142	−169	−379	−443	−1,354
Net Proceeds From Issuances of Short-Term Debt	173	114	−4	132	0
Net Proceeds from Issuances of Long-Term Debt	0	397	0	742	994
Payments of Long-Term Debt Including Current Maturities	−413	−613	−82	−59	−128
Payment for Debt Extinguishment or Debt Prepayment Cost	0	−13	0	−100,000	−4
Common Stock Repurchases	−80	−200	−275	−450	−120
Cash Dividends Paid	−113	−112	−112	−109	−99
Tax Witholding Associated with Shares Issued for Share-Based Compensation	−7	−9	−14	−16	−14
Other, Net	−2	−6	0	−4	−7
Net Cash Used for Financing Activities	−441	−443	−487	111	622
Effect of Exchange Rate Changes	10	−13	3	−12	−6
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash	−11	−193	−130	242	−164
Interest Paid	115	140	117	95	73
Income Taxes Paid, Net	48	94	175	197	147
Sales or Maturities of Marketable Securities	0	82	4	56	56

Filings

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