Acushnet Holdings Corp.

Listed Company

GOLFCIK 0001672013NYSELarge AcceleratedSporting & Athletic Goods, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.56B

Net Income

$188.54M

Total Assets

$2.34B

Equity

$783.57M

Shares Out

58.56M

Op. Cash Flow

$194.37M

Business

Acushnet Holdings Corp. is a global designer, developer, manufacturer and distributor of performance-driven golf products focused on dedicated golfers. It offers golf balls, golf clubs, wedges, putters, golf shoes, gloves, golf gear, and golf and ski outerwear and apparel under brands including Titleist, FootJoy, KJUS, Club Glove and Links & Kings. The company reports three principal segments: Titleist golf equipment, FootJoy golf wear and Golf gear. It sells primarily in established golf markets such as the United States, Japan, Korea, EMEA and Greater China through premium on-course golf shops, golf specialty retailers, select distributors and direct eCommerce channels.

Summary from filing dated 2025-02-27

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	2,559	2,457	2,382	2,270	2,148
Cost of goods sold	1,337	1,269	1,262	1,222	1,029
Gross profit	1,221	1,188	1,120	1,049	1,118
Selling, general and administrative	833	802	756	703	795
Research and development	77	68	65	56	55
Intangible amortization	12	14	14	8	8
Income from operations	299	304	285	282	260
Interest expense, net (Note 19)	58	53	41	13	—
Loss on debt extinguishment (Note 11)	17	0	0	—	—
Other (income) expense, net (Note 19)	−15	2	2	9	4
Income before income taxes	240	250	242	259	248
Income tax expense	52	48	43	54	64
Net income	187	202	199	205	184
Less: Net loss (income) attributable to noncontrolling interests	1	12	−178,000	−6	−5
Net income attributable to Acushnet Holdings Corp.	189	214	198	199	179
Basic (in dollars per share)	3.13	3.38	2.96	2.77	2.4
Diluted (in dollars per share)	3.11	3.37	2.94	2.75	2.38
Basic (in shares)	60	63	67	72	75
Diluted (in shares)	61	64	68	73	75

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, cash equivalents and restricted cash ($0 and $10,647 attributable to a variable interest entity (""VIE""))"	50	53	65	59	282
Accounts receivable, net	217	218	201	217	174
Inventories ($0 and $3,667 attributable to a VIE)	609	576	616	675	413
Prepaid and other assets	149	126	114	—	—
Total current assets	1,025	974	997	1,059	969
Property, plant and equipment, net ($0 and $8,135 attributable to a VIE)	357	326	295	254	232
Goodwill ($0 and $32,312 attributable to a VIE)	224	220	225	225	210
Intangible assets, net	511	523	537	526	465
Deferred income taxes	21	34	31	48	61
Other assets ($0 and $1,884 attributable to a VIE)	204	103	110	82	68
Total assets	2,343	2,180	2,197	2,194	2,006
Short-term debt	16	10	29	40	116,000
Current portion of long-term debt	661,000	722,000	351,000	0	18
Accounts payable ($0 and $2,400 attributable to a VIE)	157	150	151	167	164
Accrued taxes	34	36	46	41	57
Accrued compensation and benefits ($0 and $643 attributable to a VIE)	101	95	111	98	113
Accrued expenses and other liabilities ($0 and $13,893 attributable to a VIE)	121	180	114	202	131
Total current liabilities	430	473	451	549	483
Long-term debt	926	753	672	528	297
Deferred income taxes	8	8	7	6	5
Accrued pension and other postretirement benefits	69	74	70	74	94
Other noncurrent liabilities	125	75	84	54	43
Total liabilities	1,557	1,383	1,284	1,210	922
Commitments and contingencies (Note 23)	—	—	—	—	—
Redeemable noncontrolling interests	2	4	10	7	3
Common stock, $0.001 par value, 500,000,000 shares authorized; 58,371,822 and 61,214,541 shares issued	58,000	61,000	63,000	76,000	76,000
Additional paid-in capital	764	788	809	961	948
Accumulated other comprehensive loss, net of tax	−122	−140	−104	−110	−100
Retained earnings	142	180	160	473	325
Treasury stock, at cost; (including 935,907 of accrued share repurchases as of December 31, 2024) (Note 16)	0	−63	0	−385	−131
Total equity attributable to Acushnet Holdings Corp.	784	765	864	939	1,043
Noncontrolling interests	0	28	39	38	37
Total shareholders' equity	784	793	903	977	1,080
Total liabilities, redeemable noncontrolling interests and shareholders' equity	2,343	2,180	2,197	2,194	2,006

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	55	56	51	42	41
Unrealized foreign exchange (gain) loss	−3	−3	2	14	−168,000
Amortization of debt issuance costs	2	2	927,000	2	2
Share-based compensation	29	31	30	24	28
Loss on disposals of property, plant and equipment	725,000	902,000	99,000	−3	156,000
Gain on deconsolidation of VIE (Note 8)	−21	0	0	—	—
Loss from equity method investment (Note 8)	1	0	0	—	—
Deferred income taxes	14	915,000	15	9	12
Accounts receivable	12	−27	14	−59	17
Inventories	−20	22	59	−276	−64
Accounts payable	−2	2	−12	9	49
Accrued taxes	−5	−8	6	−11	20
Other assets and liabilities	−72	−33	7	−23	26
Cash flows provided by operating activities	194	245	372	−68	314
Additions to property, plant and equipment	−74	−75	−75	−61	−38
Additions to intangible assets (Note 9)	0	0	−25	−65	0
Other, net	0	0	−887,000	5	0
Cash flows used in investing activities	−74	−75	−101	−140	−38
Proceeds from credit facilities (Note 11)	1,781	1,243	1,528	977	0
Repayments of credit facilities (Note 11)	−1,752	−1,179	−1,739	−414	0
Proceeds from senior unsecured notes (Note 11)	500	0	350	0	0
Repayments of senior unsecured notes (Note 11)	−350	0	0	—	—
Payment of redemption premium (Note 11)	−13	0	0	—	—
Payment of debt issuance costs	−10	0	−6	−3	0
Purchases of common stock	−212	−173	−334	−189	−65
Dividends paid on common stock	−56	−54	−52	−52	−49
Payment of employee restricted stock tax withholdings	−12	−17	−11	−11	−4
Other, net	−2	0	1	−4	0
Cash flows used in financing activities	−125	−180	−265	−9	−140
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	2	−3	915,000	−6	−6
Net (decrease) increase in cash, cash equivalents and restricted cash	−3	−12	7	−223	130

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro