Callaway Golf Co (CALY)
Callaway Golf Company is a global enterprise that develops, produces, and sells a diverse range of golf equipment, golf and lifestyle apparel, and associated accessories. Its operations span across the United States, Europe, Asia, and other international markets, organized into three primary business divisions: Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment manages entertainment venues equipped with cutting-edge technology-enabled hitting bays, complete with bars, dining areas, and event spaces, in addition to providing its Toptracer ball-flight tracking technology. In the Golf Equipment segment, the company offers a comprehensive selection of golf clubs, including drivers, fairway woods, hybrids, irons, wedges, putters, and pre-owned clubs, marketed predominantly under the Callaway and Odyssey brands. This division also manufactures golf balls under the Callaway Golf and Strata labels. The Active Lifestyle segment encompasses various brands: Callaway provides golf apparel, footwear, and accessories such as golf bags, gloves, headwear, and practice aids; TravisMathew features clothing, footwear, outerwear, and accessories for men, women, and youth; OGIO specializes in storage and travel solutions like backpacks, travel bags, duffels, and golf bags; and Jack Wolfskin supplies outdoor apparel for men, women, and children (including jackets, trousers, dresses, skirts, and tops), footwear, and outdoor gear such as packs, bags, travel bags, tents, and sleeping bags. Callaway distributes its products through a broad array of channels, including specialized golf retailers, sporting goods stores, online platforms, large mass merchants, department stores, third-party distributors, mail-order services, and directly to consumers via its own retail outlets and websites. The company, founded in 1982 and based in Carlsbad, California, was previously known as Topgolf Callaway Brands Corp. and is scheduled to officially change its name to Callaway Golf Company in January 2026.
Sector: Sporting & Athletic Goods, NEC
Industry: Leisure
Callaway Golf Company
NYSE:CALYConsumer Cyclical · Leisure
-1.60%$14.13
AH Close$14.31+1.27%vs close
AH Close$14.31+1.27%vs close
Mkt Cap$2.52B
Float133.28M
O/S178.51M
Inst Own86.9%
SI4.6%
Div Yield2.44%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.06B
Net Income$38.8M
Total Assets$7.29B
Free Cash Flow$301.4M
Debt & Equity
Debt 45%
Equity 55%
Total Debt$1.67B
Total Equity$2.07B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CALY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$7.29B
Liabilities$5.22B
Accounts Receivable$161.9M
Accounts Payable$296.2M
Inventory$625.3M
PP&E (Net)$333.7M
Goodwill$619.8M
Intangible Assets$222.4M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Revenue | $2.06B | $4.24B | $4.28B | $4B | $3.13B | $1.59B | $1.7B | $1.24B | $1.05B | $872.21M | $843.79M | $886.95M | $842.8M | $834.07M | $886.53M | $967.66M | $950.8M | $1.12B | $1.12B | $1.02B | $998.09M |
| YoY Growth | -51.4% | -1.1% | 7.2% | 27.5% | 97.1% | -6.6% | 36.9% | 18.5% | 20.2% | 3.4% | -4.9% | 5.2% | 1.0% | -5.9% | -8.4% | 1.8% | -14.9% | -0.7% | 10.5% | 2.0% | - |
| Cost of Revenue | $1.19B | $1.59B | $1.63B | $1.58B | $1.27B | $932.9M | $934.66M | $664.7M | $568.1M | $484.68M | $487.95M | $529.02M | $516.89M | $540.3M | $553.38M | $589.33M | $607.04M | $630.37M | $631.37M | $612.77M | $583.68M |
| Gross Profit | $867.6M | $2.65B | $2.65B | $2.41B | $1.86B | $656.56M | $766.4M | $578.13M | $480.63M | $387.52M | $355.84M | $357.93M | $325.91M | $293.76M | $333.14M | $378.32M | $343.76M | $486.83M | $493.22M | $405.14M | $414.41M |
| Gross Margin | 42.1% | 62.5% | 61.9% | 60.3% | 59.5% | 41.3% | 45.1% | 46.5% | 45.8% | 44.4% | 42.2% | 40.4% | 38.7% | 35.2% | 37.6% | 39.1% | 36.2% | 43.6% | 43.9% | 39.8% | 41.5% |
| Research and Development | $65.5M | $92.1M | $101.6M | $76.4M | $68M | $46.3M | $50.58M | $40.75M | $36.57M | $33.32M | $33.21M | $31.29M | $30.94M | $29.54M | $34.31M | $36.38M | $32.21M | $29.37M | $32.02M | $26.79M | $26.99M |
| Selling, General, and Administrative | $674M | $1.05B | $1.04B | $970.6M | $849.7M | $542.53M | $569.6M | $405.51M | $353.78M | $307.52M | $297.48M | $296.94M | $290.91M | $315.66M | $337.31M | $345.98M | $341.88M | $369.02M | $375.52M | $334.24M | $362.22M |
| Other | $0 | $2.77B | $1.28B | $1.11B | $740.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $739.5M | $3.91B | $2.42B | $2.15B | $1.66B | $588.83M | $620.18M | $446.27M | $390.35M | $340.84M | $330.69M | $328.22M | $321.85M | $345.2M | $371.62M | $382.36M | $374.09M | $398.39M | $407.54M | $361.02M | $389.21M |
| Operating Income (EBIT) | $128.1M | -$1.26B | $237.7M | $256.8M | $204.7M | $67.73M | $146.22M | $131.87M | $90.29M | $46.68M | $25.15M | $29.7M | $4.06M | -$51.43M | -$38.48M | -$4.04M | -$30.33M | $88.44M | $85.68M | $44.12M | $25.21M |
| Operating Margin | 6.2% | -29.7% | 5.5% | 6.4% | 6.5% | 4.3% | 8.6% | 10.6% | 8.6% | 5.4% | 3.0% | 3.3% | 0.5% | -6.2% | -4.3% | -0.4% | -3.2% | 7.9% | 7.6% | 4.3% | 2.5% |
| Interest Expense | $60.6M | $231.2M | $210.2M | $142.8M | $115.6M | $49.55M | $43.77M | $5.54M | $4.37M | $2.37M | $8.73M | $9.5M | $9.12M | $5.51M | $1.62M | $848K | $1.75M | $4.67M | $5.36M | $5.42M | $2.28M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $492K | $807K | $594K | $454K | $621K | $388K | $438K | $558K | $550K | $546K | $2.89M | $1.81M | $2.31M | $2.2M | $1.33M | $900K |
| Other Income (Expense) | -$40.5M | -$216M | -$202.9M | -$114.9M | $145.9M | -$195.2M | -$50.45M | -$595K | -$22.23M | $11.71M | -$5.09M | -$8.06M | -$17.38M | -$66.61M | -$51.78M | -$31.53M | $727K | $12.87M | $2.6M | -$9.12M | -$10.67M |
| Income Before Tax (EBT) | $87.6M | -$1.47B | $34.8M | $141.9M | $350.6M | -$127.48M | $95.77M | $131.27M | $68.06M | $58.39M | $20.06M | $21.64M | -$13.32M | -$118.05M | -$90.26M | -$35.56M | -$29.6M | $101.31M | $88.28M | $35M | $14.54M |
| Income Tax Expense | $48.8M | -$25.5M | -$60.2M | -$16M | $28.6M | -$544K | $16.54M | $26.02M | $26.39M | -$132.56M | $5.5M | $5.63M | $5.6M | $4.9M | $81.56M | -$16.76M | -$14.34M | $35.13M | $33.69M | $11.71M | $1.25M |
| Net Income | $38.8M | -$1.45B | $95M | $157.9M | $322M | -$126.93M | $79.41M | $104.74M | $40.81M | $189.9M | $14.57M | $16.01M | -$18.92M | -$122.95M | -$171.82M | -$18.8M | -$15.26M | $66.18M | $54.59M | $23.29M | $13.28M |
| Net Income Margin | 1.9% | -34.1% | 2.2% | 4.0% | 10.3% | -8.0% | 4.7% | 8.4% | 3.9% | 21.8% | 1.7% | 1.8% | -2.2% | -14.7% | -19.4% | -1.9% | -1.6% | 5.9% | 4.9% | 2.3% | 1.3% |
| Supplementary Data | |||||||||||||||||||||
| EPS | 0.21 | -7.88 | 0.51 | 0.85 | 1.90 | -1.35 | 0.84 | 1.11 | 0.43 | 2.02 | 0.18 | 0.21 | -0.31 | -1.96 | -2.82 | -0.46 | -0.33 | 1.05 | 0.82 | 0.34 | 0.19 |
| Diluted EPS | 0.21 | -7.88 | 0.47 | 0.78 | 1.82 | -1.35 | 0.82 | 1.08 | 0.42 | 1.98 | 0.17 | 0.20 | -0.31 | -1.96 | -2.82 | -0.46 | -0.33 | 1.04 | 0.81 | 0.34 | 0.19 |
| Weighted Average OS | 183.70M | 183.70M | 185.00M | 184.90M | 169.10M | 94.20M | 94.25M | 94.58M | 94.33M | 94.05M | 83.12M | 77.56M | 72.81M | 67.06M | 64.60M | 63.90M | 63.18M | 63.05M | 66.37M | 67.73M | 68.65M |
| EBITDA | $194.6M | -$1.2B | $484.7M | $477.5M | $701.97M | -$5.69M | $205.39M | $156.76M | $90.03M | $77.35M | $46.17M | $52.37M | $21.34M | -$78.12M | -$50.01M | $6.24M | $12.9M | $143.94M | $128.96M | $72.69M | $55.08M |
| EBITDA Margin | 9.4% | -28.2% | 11.3% | 12.0% | 22.4% | -0.4% | 12.1% | 12.6% | 8.6% | 8.9% | 5.5% | 5.9% | 2.5% | -9.4% | -5.6% | 0.6% | 1.4% | 12.9% | 11.5% | 7.1% | 5.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $903.2M | $445M | $393.5M | $180.2M | $352.2M | $366.12M | $106.67M | $63.98M | $85.67M | $125.97M | $49.8M | $37.63M | $36.79M | $52M | $43.02M | $55.04M | $78.31M | $38.34M | $49.88M | $46.36M | $49.48M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $903.2M | $445M | $393.5M | $180.2M | $352.2M | $366.12M | $106.67M | $63.98M | $85.67M | $125.97M | $49.8M | $37.63M | $36.79M | $52M | $43.02M | $55.04M | $78.31M | $38.34M | $49.88M | $46.36M | $49.48M |
| Accounts Receivable | $161.9M | $282.6M | $336.4M | $246.7M | $156M | $139.11M | $150.37M | $72.09M | $95.27M | $128.5M | $116.09M | $110.78M | $92.43M | $92.88M | $119.33M | $154.88M | $159.51M | $135.62M | $121.3M | $127.23M | $100.11M |
| Inventory | $625.3M | $757.3M | $794.4M | $959.2M | $533.5M | $352.54M | $456.64M | $338.06M | $262.49M | $189.4M | $208.88M | $207.23M | $263.49M | $211.73M | $233.07M | $268.59M | $219.18M | $257.19M | $253M | $265.11M | $241.58M |
| Other Current Assets | $4.2B | $54.1M | $48M | $75.7M | $69.8M | $53.82M | $74.92M | $50.3M | $22.1M | $16.03M | $16.2M | $27.39M | $27.46M | $28.97M | $23.26M | $65.78M | $55.71M | $58.58M | $72.13M | $54.5M | $47.42M |
| Total Current Assets | $5.94B | $1.6B | $1.63B | $1.52B | $1.17B | $911.6M | $788.6M | $524.43M | $465.53M | $459.91M | $390.98M | $383.03M | $420.18M | $385.58M | $418.68M | $544.29M | $512.71M | $489.72M | $496.3M | $493.2M | $438.59M |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $333.7M | $3.56B | $3.57B | $3.23B | $2.84B | $341.27M | $292.86M | $88.47M | $70.23M | $54.48M | $55.81M | $58.09M | $71.34M | $89.09M | $117.15M | $129.6M | $143.44M | $142.15M | $128.04M | $131.22M | $127.74M |
| Goodwill | $619.8M | $620.2M | $1.99B | $1.98B | $1.96B | $56.66M | $203.74M | $55.82M | $56.43M | $25.59M | $26.5M | $27.82M | $29.21M | $29.03M | $29.2M | $30.63M | $31.11M | $29.74M | $32.06M | $30.83M | $29.07M |
| Intangible Assets | $222.4M | $1.37B | $1.48B | $1.5B | $1.53B | $484.34M | $493.42M | $224.69M | $225.76M | $88.73M | $88.78M | $88.83M | $88.9M | $89.19M | $121.94M | $131.33M | $142.9M | $146.94M | $140.99M | $144.33M | $146.12M |
| Long-Term Investments | $47.6M | $123.8M | $80.9M | $103.7M | $39.25M | $111.44M | $91M | $72.24M | $70.5M | $49M | $53.31M | $50.68M | $0 | $3.37M | $1.99M | $12.19M | $12.39M | $10M | $10M | $0 | $0 |
| Deferred Tax Assets | $109.2M | $0 | $0 | $0 | $0 | $59.73M | $73.95M | $75.08M | $91.4M | $114.71M | $6.96M | $2.35M | $2.3M | $1.91M | $1.39M | $11.87M | $10.46M | $6.3M | $18.89M | $18.82M | $0 |
| Other Long-Term Assets | $17.7M | $360.6M | $350.8M | $251.7M | $218.25M | $15.56M | $16.98M | $12.22M | $11.32M | $8.87M | $8.88M | $14.01M | $51.93M | $39.46M | $36.77M | $25.07M | $22.92M | $30.48M | $30.7M | $27.54M | $16.46M |
| Total Long-Term Assets | $1.35B | $6.04B | $7.46B | $7.07B | $6.58B | $1.07B | $1.17B | $528.51M | $525.63M | $341.38M | $240.25M | $241.78M | $243.68M | $252.05M | $308.43M | $340.69M | $363.22M | $365.62M | $360.66M | $352.75M | $319.39M |
| Other Assets | $0 | $0 | $29.2M | -$100K | -$100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.29B | $7.64B | $9.12B | $8.59B | $7.75B | $1.98B | $1.96B | $1.05B | $991.16M | $801.28M | $631.22M | $624.81M | $663.86M | $637.64M | $727.11M | $884.98M | $875.93M | $855.34M | $856.96M | $845.95M | $757.98M |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $296.2M | $96.4M | $130.7M | $159.1M | $138.7M | $66.28M | $67.84M | $42.47M | $63.2M | $54.57M | $54.79M | $46.15M | $59.91M | $45.38M | $39.01M | $42.52M | $31.78M | $42.02M | $33.02M | $40.95M | $26.52M |
| Short-Term Debt | $833.2M | $25.4M | $54.7M | $219.3M | $87.64M | $66.56M | $178.9M | $42.87M | $90.35M | $12.17M | $15.21M | $15.85M | $26.53M | $0 | $0 | $0 | $0 | $90M | $36.51M | $80M | $21K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $21.5M | $96M | $110.9M | $94.9M | $116.82M | $2.84M | $3.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $3.13B | $163.9M | $215.1M | $205.6M | $394.03M | $218.75M | $214.47M | $173.63M | $119.35M | $83.14M | $73.3M | $82.08M | $102.74M | $91.18M | $98.32M | $106.19M | $95.97M | $95.76M | $109.78M | $83.78M | $88.88M |
| Total Current Liabilities | $4.37B | $825.9M | $947.6M | $1.18B | $866M | $391.27M | $523.25M | $303.24M | $314.37M | $186.85M | $178.64M | $184.13M | $226.2M | $161.57M | $167.78M | $175.17M | $151.45M | $253.41M | $223.55M | $223.46M | $140.21M |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $650.7M | $2.65B | $2.5B | $1.83B | $2.41B | $805.5M | $576.05M | $0 | $0 | $0 | $0 | $108.57M | $107.83M | $107.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.8M | $24.9M | $36.7M | $117.5M | $163.59M | $58.63M | $73.48M | $1.8M | $1.82M | $1.6M | $35.09M | $35.04M | $35.27M | $33.53M | $31.43M | $1.38M | $1.24M | $0 | $21.25M | $16.26M | $0 |
| Other Long-Term Liabilities | $6.9M | $347.8M | $326.5M | $250.6M | -$1.35B | -$151.95M | -$122.74M | $6.04M | $6.04M | $3.98M | $4.16M | $5.33M | $9.13M | $13.7M | $15.09M | $12.59M | $13.35M | $21.56M | $41.95M | $27.13M | $21.73M |
| Total Long-Term Liabilities | $849.6M | $4.4B | $4.29B | $3.64B | $3.2B | $913.68M | $669.95M | $15.4M | $17.41M | $5.83M | $39.64M | $149.15M | $153.05M | $154.36M | $46.51M | $13.97M | $14.59M | $21.56M | $63.21M | $43.39M | $21.73M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.22B | $5.23B | $5.24B | $4.82B | $4.06B | $1.3B | $1.19B | $318.64M | $331.78M | $192.68M | $218.28M | $333.28M | $379.24M | $315.93M | $214.3M | $189.13M | $166.05M | $274.97M | $286.75M | $266.84M | $161.93M |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $14K | $14K | $14K | $0 | $0 | $0 | $0 |
| Common Stock | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $956K | $956K | $956K | $950K | $942K | $938K | $784K | $783K | $723K | $663K | $663K | $663K | $663K | $663K | $851K | $850K |
| Retained Earnings | -$909.5M | -$500.2M | $947.5M | $852.5M | $682.2M | $360.23M | $489.38M | $413.8M | $324.08M | $287.13M | $101.05M | $89.93M | $77.04M | $113.83M | $247.94M | $442.4M | $474.38M | $518.85M | $470.47M | $435.07M | $431M |
| Comprehensive Income & Other | -$27.6M | -$76M | -$47.5M | -$61.5M | -$27.3M | -$6.55M | -$22.42M | -$13.7M | -$6.17M | -$18.47M | -$11.81M | -$796K | $12.18M | $14.77M | $14.07M | $11.21M | -$1.17M | -$20.04M | -$14.86M | $11.13M | -$88.05M |
| Other Stockholders' Equity | $2.98B | $2.91B | $2.93B | $2.92B | $3B | $314.46M | $277.01M | $309.82M | $324.6M | $310.83M | $310.96M | $200.82M | $206.8M | $204.44M | $261.35M | $250.17M | $232.22M | $58.64M | $97.1M | $141.19M | $164.2M |
| Total Equity | $2.07B | $2.41B | $3.88B | $3.77B | $3.68B | $675.64M | $767.35M | $724.57M | $649.63M | $598.91M | $412.94M | $291.53M | $284.62M | $318.99M | $509.96M | $693.23M | $707.26M | $578.15M | $568.23M | $577.12M | $596.05M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.73M | $9.74M | $9.69M | $0 | $0 | $0 | $2.72M | $2.86M | $2.61M | $2.62M | $2.21M | $1.98M | $1.99M | $0 |
| Total Liabilities and Equity | $7.29B | $7.64B | $9.12B | $8.59B | $7.75B | $1.98B | $1.96B | $1.04B | $981.41M | $791.59M | $631.22M | $624.81M | $663.86M | $634.92M | $724.25M | $882.37M | $873.31M | $853.13M | $854.99M | $843.96M | $757.98M |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $1.67B | $4.14B | $4.07B | $3.57B | $4.48B | $1.07B | $898.11M | $50.44M | $99.9M | $12.42M | $15.6M | $124.63M | $135.18M | $107.13M | $0 | $0 | $0 | $90M | $36.51M | $80M | $21K |
| Net Debt | $770.9M | $3.7B | $3.68B | $3.39B | $4.12B | $707.44M | $791.45M | -$13.54M | $14.22M | -$113.55M | -$34.2M | $86.99M | $98.39M | $55.13M | -$43.02M | -$55.04M | -$78.31M | $51.66M | -$13.37M | $33.64M | -$49.46M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Operating Activities | |||||||||||||||||||||
| Net Income | $38.8M | $93.4M | $95M | $157.9M | $321.99M | -$126.93M | $79.41M | $104.74M | $40.81M | $189.9M | $14.57M | $16.01M | -$18.92M | -$122.95M | -$171.82M | -$18.8M | -$15.26M | $66.18M | $54.59M | $23.29M | $13.28M |
| Depreciation & Amortization | $46.4M | $44.5M | $239.7M | $192.8M | $235.77M | $72.24M | $65.84M | $19.95M | $17.61M | $16.59M | $17.38M | $21.24M | $25.54M | $34.41M | $38.64M | $40.95M | $40.75M | $37.96M | $35.33M | $32.27M | $38.26M |
| Deferred Income Tax | $19M | -$12.8M | -$88.9M | -$31M | $8.41M | -$12.51M | -$1.38M | $21.7M | $24.59M | -$141.45M | $128K | $604K | -$2.31M | -$1.93M | $55.93M | -$3.79M | $3.42M | $13.98M | $9.05M | $979K | -$3.91M |
| Stock-Based Compensation | $23.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $23.5M | $16M | -$43.7M | -$97.8M | $38.19M | $9.95M | -$44.48M | -$2.11M | $51.62M | -$16.96M | -$11.59M | -$23.31M | -$6.69M | $23.7M | $28.1M | -$2.1M | -$11.57M | -$18.13M | $12.48M | -$12.13M | $2.3M |
| Inventory | $9.2M | -$34.1M | $163.2M | -$442.4M | -$177.47M | $116.96M | -$33.95M | -$78.02M | -$52.01M | $24.25M | -$5.35M | $47.33M | -$60.97M | $20.22M | $36.46M | -$38.82M | $47.41M | -$14.85M | $17.29M | -$16.84M | -$65.59M |
| Accounts Payable | $14.6M | $19.7M | -$98.1M | $110.4M | $96.84M | -$9.9M | $34.91M | $22.27M | $15.41M | $12.55M | $5.38M | -$30.58M | $34.66M | $1.04M | -$12.61M | $13.01M | -$19.71M | $20.12M | $10.34M | -$4.53M | $32.74M |
| Other Working Capital | $36.5M | -$2.4M | -$10.8M | -$109.9M | -$47M | -$19.13M | -$44.52M | -$5.7M | $539K | $1.27M | $3M | $442K | $13.25M | -$754K | $26.79M | $1.87M | -$10.34M | -$50.52M | $6.79M | -$18.82M | $40.25M |
| Total Working Capital Change | $83.8M | -$800K | $10.6M | -$539.7M | -$89.44M | $97.88M | -$88.05M | -$63.56M | $15.56M | $21.11M | -$8.56M | -$6.12M | -$19.74M | $44.2M | $78.74M | -$26.04M | $5.8M | -$63.37M | $46.9M | -$52.31M | $9.69M |
| Other Non-Cash Items | $122.2M | $257.5M | $108.3M | $184.9M | -$198.48M | $197.56M | $30.72M | $9.45M | $19.13M | -$8.44M | $7.07M | $4.54M | $6.48M | $17.45M | $8.61M | $17.31M | $8.16M | -$13.04M | $6.12M | $13.06M | $12.97M |
| Net Cash from Operating | $334M | $381.8M | $364.7M | -$35.1M | $278.26M | $228.24M | $86.55M | $92.28M | $117.7M | $77.71M | $30.58M | $36.27M | -$8.95M | -$28.81M | $10.1M | $9.63M | $42.87M | $41.7M | $151.98M | $17.29M | $70.3M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$32.6M | -$50.6M | -$482.8M | -$535.5M | -$322.27M | -$39.26M | -$54.7M | -$36.83M | -$26.2M | -$16.15M | -$14.37M | -$10.75M | -$13.04M | -$18.4M | -$28.93M | -$22.22M | -$38.84M | -$51.01M | -$32.93M | -$32.45M | -$34.26M |
| Acquisitions | $284.9M | $0 | -$60.6M | $0 | $20K | $49K | -$481.6M | $43K | -$182.89M | $20K | $2K | $458K | $4.15M | $355K | $19.37M | $0 | $255K | -$9.75M | $11.46M | $843K | $1.36M |
| Purchases of Investments | $0 | -$2.2M | -$2.5M | $0 | -$30M | -$20M | -$17.9M | -$1.74M | -$21.5M | -$1.45M | -$940K | -$14.77M | $0 | $0 | $0 | $0 | -$89K | -$763K | -$3.7M | -$10.01M | $0 |
| Sales of Investments | $0 | $0 | $0 | $400K | $19.1M | $0 | $0 | $0 | $0 | $23.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$230.7M | -$244.5M | $3M | $0 | $171.29M | $0 | $0 | $0 | $0 | $3.1M | -$3.1M | $0 | -$13.64M | $23.59M | $0 | -$2.58M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $21.6M | -$297.3M | -$542.9M | -$535.1M | -$161.86M | -$59.21M | -$554.2M | -$38.52M | -$230.59M | $8.95M | -$18.41M | -$25.07M | -$22.53M | $5.54M | -$9.56M | -$24.8M | -$38.68M | -$61.52M | -$25.17M | -$41.62M | -$32.9M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | -$1.7M | $70.5M | -$700M | -$253M | $91.59M | -$274.15M | -$436.69M | $2.19M | -$9.57M | - | - | - | - | -$43.28M | - | - | - | - | - | - | - |
| Common Stock Issuance | $100K | $100K | $4.2M | $700K | $22.27M | $248K | $368K | $1.64M | $5.36M | $2.64M | $6.57M | $2.28M | $1.31M | $19K | $2.19M | $2.9M | $136.53M | $4.71M | $48.03M | $9.61M | $14.81M |
| Common Stock Repurchases | -$3.7M | -$31.4M | -$56M | -$35.8M | -$38.14M | -$22.21M | -$28.07M | -$22.46M | -$16.62M | -$5.14M | -$1.96M | -$1.01M | $0 | $0 | $0 | $0 | $0 | -$23.65M | -$114.8M | -$52.87M | -$39K |
| Dividends Paid | $0 | $0 | $0 | $0 | -$3K | -$1.89M | -$3.78M | -$3.79M | -$3.77M | -$3.76M | -$3.39M | -$3.1M | -$5.6M | -$11.02M | -$13.09M | -$13.07M | -$11.59M | -$17.79M | -$18.75M | -$19.21M | -$19.56M |
| Other Financing Activities | $93.4M | $78.4M | $0 | -$5.6M | -$3.58M | -$31.77M | $0 | -$821K | -$974K | $20K | $0 | -$26K | -$32K | -$159K | -$2.39M | -$650K | $172K | $307K | $6.02M | $2.55M | -$13.04M |
| Net Cash from Financing | $91.5M | -$23.4M | $375.8M | $425.3M | -$124.07M | $96.07M | $511.05M | -$75.07M | $69.36M | -$9.25M | $948K | -$12.28M | $21.34M | $32.13M | -$13.29M | -$10.82M | $35.11M | $17.06M | -$122.99M | $20.07M | -$17.83M |
| Forex Effect | $6.1M | -$10.4M | -$2.6M | -$9.19M | -$5.05M | -$5.64M | -$715K | -$380K | $3.24M | -$1.24M | -$952K | $1.91M | -$5.07M | $117K | $727K | $2.71M | $672K | -$8.79M | -$315K | $1.14M | $29.91M |
| Net Change in Cash | $452.9M | $50.7M | $195M | -$154.09M | -$12.73M | $259.45M | $42.69M | -$21.69M | -$40.3M | $76.17M | $12.17M | $842K | -$15.21M | $8.98M | -$12.02M | -$23.27M | $39.98M | -$11.54M | $3.51M | -$3.12M | $49.48M |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | $334M | $381.8M | $364.7M | -$35.1M | $278.26M | $228.24M | $86.55M | $92.28M | $117.7M | $77.71M | $30.58M | $36.27M | -$8.95M | -$28.81M | $10.1M | $9.63M | $42.87M | $41.7M | $151.98M | $17.29M | $70.3M |
| Capital Expenditure | -$32.6M | -$48.7M | -$482M | -$532.3M | -$322.27M | -$39.26M | -$54.7M | -$36.83M | -$26.2M | -$16.15M | -$14.37M | -$10.75M | -$13.04M | -$18.4M | -$28.93M | -$22.22M | -$38.84M | -$51.01M | -$32.93M | -$32.45M | -$34.26M |
| Free Cash Flow | $301.4M | $333.1M | -$117.3M | -$567.4M | -$44.02M | $188.98M | $31.85M | $55.46M | $91.5M | $61.56M | $16.21M | $25.52M | -$21.99M | -$47.21M | -$18.83M | -$12.58M | $4.03M | -$9.3M | $119.05M | -$15.17M | $36.04M |
| Cash at Beginning | $450.3M | $394.3M | $199.3M | $353.38M | $366.12M | $106.67M | $63.98M | $85.67M | $125.97M | $49.8M | $37.63M | $36.79M | $52M | $43.02M | $55.04M | $78.31M | $38.34M | $49.88M | $46.36M | $49.48M | $0 |
| Cash at End | $903.2M | $445M | $394.3M | $199.3M | $353.38M | $366.12M | $106.67M | $63.98M | $85.67M | $125.97M | $49.8M | $37.63M | $36.79M | $52M | $43.02M | $55.04M | $78.31M | $38.34M | $49.88M | $46.36M | $49.48M |