Topgolf Callaway Brands Corp
For the period ended Mar 31, 2024. Filed May 8, 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 8, 2024
CALY$17.37-0.3%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 as of and
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $233.9 | $393.5 |
| Restricted cash | 0.7 | 0.8 |
| Accounts receivable, less allowances of $11.1 million and $11.6 million, respectively | 423.9 | 200.5 |
| Inventories | 702.9 | 794.4 |
| Prepaid expenses | 56.8 | 55.8 |
| Other current assets | 175.0 | 183.1 |
| Total current assets | 1,593.2 | 1,628.1 |
| Property, plant and equipment, net | 2,167.6 | 2,156.5 |
| Operating lease right-of-use assets, net | 1,402.8 | 1,410.1 |
| Other intangible assets, net | 80.6 | 83.7 |
| Trade names and trademarks | 1,420.2 | 1,421.8 |
| Goodwill | 1,992.7 | 1,988.7 |
| Other assets, net | 434.9 | 431.7 |
| Total assets | $9,092.0 | $9,120.6 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $410.5 | $480.5 |
| Accrued employee compensation and benefits | 118.1 | 113.1 |
| Asset-based credit facilities | 52.2 | 54.7 |
| Operating lease liabilities, short-term | 86.7 | 86.4 |
| Construction advances | 61.8 | 59.3 |
| Deferred revenue | 106.7 | 110.9 |
| Other current liabilities | 39.0 | 42.7 |
| Total current liabilities | 875.0 | 947.6 |
| Long-term debt, net | 1,519.2 | 1,518.2 |
| Operating lease liabilities, long-term | 1,430.7 | 1,433.4 |
| Deemed landlord financing obligations | 1,013.7 | 980.0 |
| Deferred taxes, net | 41.9 | 36.7 |
| Other long-term liabilities | 324.5 | 326.5 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at March 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.01 par value, 360.0 million shares authorized, and 187.0 million shares issued at both March 31, 2024 and December 31, 2023 | 1.9 | 1.9 |
| Additional paid-in capital | 3,031.7 | 3,032.7 |
| Retained earnings | 954.0 | 947.5 |
| Accumulated other comprehensive loss | (52.1) | (47.5) |
| Less: Common stock held in treasury, at cost, 2.9 million shares and 3.3 million shares at March 31, 2024 and December 31, 2023, respectively | (48.5) | (56.4) |
| Total shareholders’ equity | 3,887.0 | 3,878.2 |
| Total liabilities and shareholders’ equity | $9,092.0 | $9,120.6 |
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