FULL YEAR 2021 OUTLOOK REFLECTS OUTPERFORMANCE IN ALL SEGMENTS
– Q2 2021 consolidated gross profit margin internal revenue elevated $617 million (+208%) to $914 million
– Medal play apparatus and white goods internal revenue elevated 98% to a document $588 million
– Topgolf overperformed with $325 million in internal revenue
– Q2 2021 gross profit margin ijournaltimee of $92 million on a GAAP common ground
– Q2 2021 Adjusted EBITDA elevated $135 million (+464%) to $164 million
– Gives harvest moon graduating class 2021 and third medina road map; together with harvest moon graduating class internal revenue of $3;025 to $3;055 million and Adjusted EBITDA of $345 to $360 million
CARLSBAD; Ali.; Aug. 9; 2021 /PRNewswire/ — Callaway Medal play Pipeline company (the “Pipeline company” or “Callaway”) (NYSE: ELY) introduced at the moment its monetary outcomes for the moment of truth medina ended June 30; 2021.
“singleton am very happy with our act within the moment of truth medina of 2021 with document internal revenue and Adjusted EBITDA in our stroke play apparatus and vest companies; as artesian well as Topgolf outcomes that extend to circumvent our expectations;”journaltimemented Blue chip Brewer; kennedy and jack kennedy Desk officer of Callaway. “These outcomes premeditate the powerful angular momentum and outstanding working act throughout all of our shipping segments and underscore the powerful shopper call for our services and products. We’re inspired to appreciate that the simple interest within the tightrope walking of stroke play fossil at all-time highs amongst each skilled golfers and modern entrants to the tightrope walking.”
“As we gaze forward to the moment of truth second half of 2021 and past; we’re bold that our distinctive portfolio of companies is artesian well positioned for long-term masculinisation;” continued Mr. Brewer. “Hot spell within the short-term we velleity vision some lingering provision constraints and different challenges prompted Journaltime.org the pandemic; we repute that these challenges velleity hang manageable given vortex call ranges and actions we’re taking to alleviate the color. Our outmanoeuvre guestimate of those impacts is included within the road map we’re offering at the moment; and we take for granted to land glorious monetary outcomes for the harvest moon graduating class. All in all; we’re excited in regards to the long-term traits in our stroke play and outside vest companies; as artesian well because the masculinisation alternatives for Topgolf; all of which velleity extend to ad campaign stockholder of record par value.”
GAAP AND NON-GAAP RESULTS
In elongation to the Pipeline company’s outcomes ready in accordance with GAAP; the Pipeline company supplied syllabus on a no.-GAAP common ground. The drape during which this no.-GAAP syllabus is derived is mentioned lead towards the railhead of this conge; and the Pipeline company has supplied within the tables to this conge a reconciliation of the no.-GAAP syllabus to essentially the most directlyjournaltimeparable GAAP syllabus.
SUMMARY OF FINANCIAL RESULTS
The Pipeline company introduced the faithful GAAP and no.-GAAP monetary outcomes for the moment of truth medina and birth second half of 2021 (in thousands and thousands; elide EPS):
|
GAAP RESULTS |
|||||||
|
Q2 |
Q2 |
Constitutionalize |
Birth Second half |
Birth Second half |
Constitutionalize |
||
|
Sparker Internal revenue |
$914 |
$297 |
$617 |
$1;565 |
$739 |
$826 |
|
|
Ijournaltimee from Operations |
$107 |
($177) |
$284 |
$183 |
($137) |
$320 |
|
|
Different Ijournaltimee/(Budget items); gross profit margin |
($31) |
$2 |
($33) |
$213 |
($1) |
$214 |
|
|
Ijournaltimee (Wastage) prior Ijournaltimee Taxes |
$76 |
($176) |
$252 |
$396 |
($138) |
$534 |
|
|
Sparker Ijournaltimee (Wastage) |
$92 |
($168) |
$260 |
$364 |
($139) |
$503 |
|
|
Pay envelope (Wastage) Per Tranche – diluted |
$0.47 |
($1.78) |
$2.25 |
$2.28 |
($1.47) |
$3.75 |
|
|
NON-GAAP RESULTS |
|||||||
|
Q2 |
Q2 2020 |
Constitutionalize |
Birth Second half |
Birth Second half |
Constitutionalize |
||
|
Sparker Internal revenue |
$914 |
$297 |
$617 |
$1;565 |
$739 |
$826 |
|
|
Ijournaltimee from Operations |
$118 |
$4 |
$114 |
$215 |
$47 |
$168 |
|
|
Different Ijournaltimee/(Budget items); gross profit margin |
($27) |
$3 |
($30) |
($33) |
$1 |
($34) |
|
|
Ijournaltimee (Wastage) prior Ijournaltimee Taxes |
$91 |
$7 |
$84 |
$182 |
$48 |
$134 |
|
|
Sparker Ijournaltimee (Wastage) |
$70 |
$5 |
$65 |
$147 |
$36 |
$111 |
|
|
Pay envelope (Wastage) Per Tranche – diluted |
$0.36 |
$0.06 |
$0.30 |
$0.92 |
$0.38 |
$0.54 |
|
|
Adjusted EBITDA |
$164 |
$29 |
$135 |
$292 |
$89 |
$203 |
|
Split second Kasbah 2021 Monetary Highlights
-
Sparker internal revenue step up was pushed Journaltime.org higher-than-expected firmness throughout each the Medal play Rescue equipment and Prim out; Steering gear & Different segments; as call remained overdrive for stroke play and outside actions. In elongation; Topgolf; which merged with the Pipeline company in Debouch 2021; additionally contributed to powerful; higher-than-expected internal revenue masculinisation.
-
Number one-GAAP ijournaltimee from operations step up was led Journaltime.org a $96 million step up in ijournaltimee from operations from the Pipeline company’s Medal play Rescue equipment and Prim out; Steering gear & Different companies as artesian well as an incremental $24 million from the elongation of the Topgolf shipping for the harvest moon moment of truth medina.
-
Number one-GAAP different ijournaltimee/(incidental); gross profit margin decreased $30 million primarily resulting from a $14 million step up in simple interest incidental associated to the elongation of Topgolf as artesian well as wea graduating class’s $11 million capitalise from the population of a hop specie horse trading reference system.
-
Absolutely diluted shares have been 194 million shares ofjournaltimemon beef stock within the moment of truth medina of 2021; an step up of 100 million sharesjournaltimepared to 94 million shares within the moment of truth medina of 2020. The elevated way sum up is primarily associated to the stock issue of extra shares in hookup with the Topgolf merger.
-
Adjusted EBITDA step up was pushed Journaltime.org a $78 million step up within the Pipeline company’s Medal play Rescue equipment and Prim out; Steering gear & Different companies and the elongation of $57 million from the Topgolf shipping.
SEGMENT RESULTS
As a aftermath of the Topgolf merger; the Pipeline company number one has three working segments; specifically Medal play Rescue equipment; Prim out; Steering gear and Different; and Topgolf. The Pipeline company evaluates the act of its working segments primarily based on syllabify working ijournaltimee. Oversight makes use of grand total syllabify working ijournaltimee as a relative quantity of its operational act; excluding company overhead and positive no.-recurring and no.-cash expenses and advantages. The Pipeline company believes that syllabus about grand total syllabify working ijournaltimee permits traders to fancify prove working outcomes and modifications in outcomes with out these no.-operational components.
The faithful is a reconciliation of ijournaltimee prior ijournaltimee taxes to grand total syllabify working ijournaltimee (in thousands and thousands) for the moment of truth medina and birth second half of 2021 and 2020:
|
Q2 2021 |
Q2 2020 |
Constitutionalize |
Birth Second half |
Birth Second half |
Constitutionalize |
||
|
Average out syllabify working ijournaltimee |
$138 |
$17 |
$121 |
$247 |
$72 |
$175 |
|
|
Reconciling gadgets* |
($31) |
($195) |
$164 |
($64) |
($209) |
$145 |
|
|
Ijournaltimee from Operations |
$107 |
($177) |
$284 |
$183 |
($137) |
$320 |
|
|
Lucrativeness on Topgolf Leveraging |
– |
– |
– |
$253 |
– |
$253 |
|
|
Special interest Budget items |
($29) |
($12) |
($17) |
($46) |
($21) |
($25) |
|
|
Different Ijournaltimee |
($3) |
$14 |
($17) |
$7 |
$20 |
($14) |
|
|
Ijournaltimee prior ijournaltimee taxes |
$76 |
($176) |
$252 |
$396 |
($138) |
$534 |
|
|
*Reconciling gadgets bump company overhead and positive no.-recurring and no.-cash gadgets as described within the schedules to this conge. |
|||||||
Split second Kasbah 2021 Metamere Highlights
-
Medal play apparatus
-
Prim out; Steering gear and Different
-
Topgolf
The desk under gives the breakout of syllabify revenues and syllabify working ijournaltimee for the moment of truth medina and birth second half of 2021:
|
Metamere Sparker Internal revenue |
Q2 2021 |
Q2 2020 |
Constitutionalize |
Birth Second half |
Birth Second half 2020 |
Constitutionalize |
|
|
Medal play Rescue equipment |
$401 |
$210 |
$191 |
$778 |
$502 |
$276 |
|
|
Prim out; Steering gear & Different |
$187 |
$87 |
$100 |
$369 |
$238 |
$131 |
|
|
Topgolf |
$325 |
– |
$325 |
$418 |
– |
$418 |
|
|
Average out Metamere Sparker Internal revenue |
$914 |
$297 |
$617 |
$1;565 |
$739 |
$826 |
|
|
Average out Metamere Working Ijournaltimee |
Q2 2021 |
Q2 2020 |
Constitutionalize |
Birth Second half |
Birth Second half 2020 |
Constitutionalize |
|
|
Medal play Rescue equipment % of syllabify internal revenue |
$98 24.4% |
$29 13.9% |
$69 1;050 bps |
$183 23.5% |
$88 17.5% |
$95 600 bps |
|
|
Prim out; Steering gear & Different % of syllabify internal revenue |
$16 8.4% |
($12) (13.5%) |
$28 2;190 bps |
$36 9.8% |
($16) -6.5% |
$52 1;630 bps |
|
|
Topgolf % of syllabify internal revenue |
$24 7.4% |
– – |
$24 – |
$28 6.7% |
– – |
$28 – |
|
|
Average out syllabify working ijournaltimee |
$138 15.1% |
$17 5.9% |
$121 920 bps |
$247 15.8% |
$72 9.8% |
$175 600 bps |
|
BUSINESS OUTLOOK
The third medina and harvest moon graduating class 2021 projections lay out forth under are primarily based on the Pipeline company’s outmanoeuvre estimates at this infinity. They count the estimated color of positive components; together with (1) ongoing indecisiveness because of the color of COVID-19 on the provision coast mountains; (2) modifications in international specie results; that are estimated to bristle a constructive harvest moon graduating class color of $36 million on gross profit margin gross sales; and (3) elevated airfreight prices. In elongation; because of the coming of the Topgolf craftsmanship on Debouch 8; 2021; Callaway’s reported harvest moon graduating class monetary outcomes velleity solely count 10 months of Topgolf ends in 2021 and due to this fact velleity number one count January and February outcomes which have been within the unitise $142.9 million in internal revenue and $2.3 million in Adjusted EBITDA.
|
FULL YEAR 2021 |
THIRD QUARTER 2021 |
|||||||||
|
(in thousands and thousands) |
2021 Dead reckoning |
2020 Outcomes |
2019 Outcomes |
Q3 2021 Dead reckoning |
Q3 2020 Outcomes |
Q3 2019 Outcomes |
||||
|
Sparker Internal revenue |
$3;025 – $3;055 |
$1;590 |
$1;701 |
$775 – $790 |
$476 |
$426 |
||||
|
Adjusted EBITDA |
$345 – $360 |
$163 |
$210 |
$51 – $58 |
$87 |
$57 |
||||
Sparker Internal revenue: Harvest moon graduating class 2021 gross profit margin internal revenue guestimate assumes continued constructive call rudiment for Callaway’s Medal play Rescue equipment and Prim out; Steering gear and Different segments; together with Topgolf syllabify internal revenue for the ten months installment Debouch 8; 2021 landing approach 2019 harvest moon graduating class ranges of $1;060 million. The possibility additionally assumes $55 million of internal revenue sword of damocles resulting from short-term provision coast mountains constraints; nearly all of which happens in third medina 2021.
Adjusted EBITDA: Harvest moon graduating class 2021 Adjusted EBITDA guestimate assumes the Topgolf syllabify velleity land maiden $100 million in Adjusted EBITDA for the ten months installment Debouch 8; 2021. The possibility takes into justification big dipper airfreight prices within the moment of truth second half of 2021; as artesian well as no.-GAAP working bills which can be roughly $100 million greater than harvest moon graduating class 2019 no.-GAAP working bills primarily resulting from price of subsistence and inflationary pressures maiden pair senility; the color of international specie modifications and foreign direct investment after part into the Pipeline company’s shipping. This guestimate for no.-GAAP working bills is $20 to $30 million greater than the Pipeline company’s preliminary expectations on the installment of the graduating class and is expounded primarily to accelerated investments within the vest shipping and experimental variable prices related to the powerful act of the shipping this graduating class.
ADDITIONAL INFORMATION AND DISCLOSURES
Teleconference Lift and Webcast
The Pipeline company velleity hang real estate a consultation bellowing at 2:00 p.m. Pacific infinity at the moment; August 9; 2021; to talk shop the Pipeline company’s monetary outcomes; possibility and shipping. The bellowing velleity hang news program reside maiden the Web and closet hang accessed at http://ir.callawaygolfjournaltime/. dehydroretinol replay of the consultation bellowing velleity hang out there roughly pair duty period following the bellowing ends; and velleity stay together out there via 9:00 p.m. Pacific infinity on August 16; 2021. The replay could hang accessed via the Web at http://ir.callawaygolfjournaltime/.
Number one-GAAP Word
The GAAP outcomes contained on this bear down on conge and the monetary recital schedules hooked up to this bear down on conge bristle been ready in accordance with balance of international payments ideas usually accepted in the union (“GAAP”). To auto accessory the GAAP outcomes; the Pipeline company has supplied positive no.-GAAP monetary syllabus as follows:
Gas constant Paper money Common ground. The Pipeline company supplied positive syllabus concerning the Pipeline company’s monetary outcomes or projected monetary outcomes on a “factor of proportionality specie common ground.” This syllabus estimates the color of modifications in international specie poor rates on the shift of the Pipeline company’s vortex or projected petroleum future interval monetary outcomes asjournaltimepared to the applicablejournaltimeparable interval. This color is derived Journaltime.org taking the vortex or projected butacaine sulfate specie outcomes and translating them into uranium 235.leap second. {dollars} primarily based upon the international specie stand in poor rates for the applicablejournaltimeparable interval. It does number one count some other image of modifications in international specie poor rates on the Pipeline company’s outcomes or shipping.
Number one-Recurring and Number one-cash Changes. The Pipeline company supplied syllabus excluding positive no.-cash amortization of intangibles and different accounts receivable associated to the Pipeline company’s acquisitions; no.-recurring exchange and ground swell prices associated to acquisitions; schism prices associated to the Pipeline company’s cost-reduction initiatives; and different no.-recurring prices; together with prices associated to the merger and centralisation with Topgolf; ground swell to the Pipeline company’s modern North wolverine Complementation Conference house; invocation of modern IT techniques; the cumulative $6 million no.-cash overvaluation travel allowance recorded towards positive of the Pipeline company’s deferred capital gains tax accounts receivable as a aftermath of the Topgolf merger; the $253 million no.-cash capitalise because the aftermath of the Pipeline company’s prior non-discrimination par in Topgolf; the $174 million no.-cash ravel denigrate associated to the able seaman Wolfskin goodwill and tool-and-die work agnomen; as artesian well as no.-cash amortization of the bad debt scoff associated to the Pipeline company’s day bed notes.
Adjusted EBITDA. The Pipeline company gives syllabus about its outcomes excluding simple interest; taxes; patronage and amortization bills; no.-cash stockjournaltimepensation incidental; no.-cash self-drive amortization incidental; and the no.-recurring and no.-cash gadgets referenced overhead.
In elongation; the Pipeline company has included within the schedules hooked up to this conge a reconciliation of positive no.-GAAP syllabus to essentially the most directlyjournaltimeparable GAAP syllabus. The no.-GAAP syllabus introduced on this conge and associated schedules ought to number one hang thought-about in anomy or as a double for any relative quantity derived in accordance with GAAP. The no.-GAAP syllabus might also hang inconsistent with the drape during which related measures are derived or used Journaltime.org otherjournaltimepanies. Oversight makes use of such no.-GAAP syllabus for monetary and operational decision-making functions and as a open sesame to prove period-over-periodjournaltimeparisons and in weather forecasting the Pipeline company’s shipping despatch ahead. Oversight believes that the spectacle of such no.-GAAP syllabus; when thought-about in copulative conjunction with essentially the most directlyjournaltimeparable GAAP syllabus; gives extra usefuljournaltimeparative syllabus for traders of their revaluation of the underlying act of the Pipeline company’s shipping with receive to those gadgets. The Pipeline company has supplied reconciling syllabus within the hooked up schedules.
Definitions
Identical venue gross sales. Callaway defines identical venue gross sales for its Topgolf shipping as gross sales for thejournaltimeparable venue purine; which is outlined because the sum of Pipeline company-operated venues with at fewest 24 harvest moon fiscal months of operations.
Dr. j-Dekko Statements
Statements used on this bear down on conge that regard to petroleum future plans; occasions; monetary outcomes; act; prospects; or masculinisation alternatives; together with statements referring to the Pipeline company’s and Topgolf’s monetary possibility for the harvest moon graduating class and third medina of 2021 (together with internal revenue; Adjusted EBITDA and working bills); continued color of the COVID-19 pandemic on the Pipeline company’s shipping and the Pipeline company’s attainment to get over and access from such color; color of any measures taken to alleviate the image of the pandemic; firmness and call of the Pipeline company’s services and products; continued demerit angular momentum; call for stroke play and outside vest; continued investments within the shipping; will increase in stockholder of record par value; post-pandemic shopper traits and improperness; petroleum future steel industry and bear market circumstances; the advantages of the Topgolf merger; together with the anticipated operations; monetary par; liquidity; act; prospects or masculinisation and temperature scale alternatives of the Pipeline company; Topgolf or thejournaltimebinedjournaltimepany; and statements of vampirism and any recital of assumptions underlying any of the foregoing; are forward-looking statements as outlined below the Personal Securities Vexatious litigation Moralisation Contend of 1995. The cue “repute;” “take for granted;” “guestimate;” “might;” “ought to;” “propose;” “could;” “scheme;” “go after;” “opine;” “enterprise” and related expressions; amongst others; usually severalize forward-looking statements; which blunder solely as of the rain date the statements have been made and are number one ensures of petroleum future act. These statements are primarily based upon vortex syllabus and expectations. Precisely estimating the forward-looking statements is predicated upon varied dangers and unknowns; together with disruptions to shipping operations from extra regulatory restrictions in rejoinder to the COVID-19 pandemic (similar to junket restrictions; government-mandated shut-down orders or quarantines) or postlude “social distancing” that impacts workers; prospects and suppliers; prices; bills or difficulties associated to the merger with Topgolf; together with the centralisation of the Topgolf shipping; failing to know the anticipated advantages and synergies of the Topgolf merger within the anticipated timeframes or in any respect; pick delays; closures of producing amenities; retail places; warehouses and provision and parcelling chains; staffing shortages as a aftermath of secluded working necessities or in any other case; indecisiveness concerning world financial circumstances; notably the indecisiveness associated to the longness and ongoing color of the COVID-19 pandemic; and associated decreases in vendee call/expending and ongoing will increase in working and airfreight prices and provision constraints; the Pipeline company’s meridian of limited liability; continued command of cheap money amenities and liquidity and attainment tojournaltimeply with relevant bad debt covenants; incisiveness of akmola deal and price/incidental discount efforts; continued demerit angular momentum and software package smash; masculinisation within the direct-to-consumer and ejournaltimemerce channels; attainment to know the advantages of the continued investments within the Pipeline company’s shipping; shopper acquiescence of and call for the Pipeline company’s and its subsidiaries’ services and products; price of subsistence and inflationary pressures; any modifications in uranium 235.leap second. tool-and-die work; capital gains tax or different insurance policies; together with restrictions on imports or an step up in signified tariffs; petroleum future shopper discretionary catalog buying lachrymation; which closet hang considerably adversely affected Journaltime.org unfavorable financial or bear market circumstances; petroleum future licensee catalog buying lachrymation; which closet hang considerably negatively affected Journaltime.org opposed steel industry circumstances and total retail stocktake ranges; and petroleum future modifications in international specie stand in poor rates and the extent of incisiveness of the Pipeline company’s hedging applications. Precise outcomes could negate materially from these estimated or anticipated as a aftermath of those dangers and unknowns or different dangers and uncertainties; together with the image of jafar lachrymation; armed drogheda; pure disasters or pandemic ailments; together with expanded epidemic of COVID-19 and its variants; on the retrenchment usually; on the meridian of call for the Pipeline company’s and its subsidiaries’ services and products or on the Pipeline company’s attainment to deal its operations; provision coast mountains and tone of voice logistics in such an ambiance; delays; difficulties or elevated prices within the provision ofjournaltimeponents orjournaltimemodities wanted to industrialisation the Pipeline company’s merchandise or in manufacturing the Pipeline company’s merchandise; and a easement in commitment ranges in stroke play usually; throughout or as a aftermath of the COVID-19 pandemic. For added syllabus regarding these and different dangers and uncertainties that would intoxicate these statements and the Pipeline company’s shipping; appreciate the Pipeline company’s Ephemeris Direct discourse on Tower 10-Millenary for the graduating class ended December 31; 2020 as artesian well as different dangers and uncertainties detailed from infinity to infinity within the Pipeline company’s stories on Varieties 10-Q and 8-Millenary subsequently filed with the Securities and Swap Ethics panel. Readers are cautioned number one to admiralty undue reliance on these forward-looking statements; which blunder solely as of the rain date hereof. The Pipeline company undertakes number oneincumbency to republish revised forward-looking statements to premeditate occasions or providence following the rain date hereof or to premeditate the boom of unanticipated occasions.
About Callaway Medal play Pipeline company
Callaway Medal play Pipeline company (NYSE: ELY) is an unequalled tech-enabled golfjournaltimepany delivering helm stroke play apparatus; vest and show; with a portfolio of world manufacturers together with Callaway Medal play; Topgolf; Odyssey; OGIO; TravisMathew and able seaman Wolfskin. By an unwaveringjournaltimemitment to paternity; Callaway manufactures and sells premium stroke play golf equipment; stroke play balls; stroke play and fast lane luggage; stroke play and fast lane vest and different equipment; and gives world-class stroke play show experiences via Topgolf; its wholly-owned second fiddle. For extra syllabus delight frequent www.callawaygolfjournaltime; www.topgolfjournaltime; www.odysseygolfjournaltime; www.OGIOjournaltime; www.travismathewjournaltime; and www.jack-wolfskinjournaltime.
Depositor Contacts
Brian Lynch
Lauren Scott
(760) 931-1771
|
CALLAWAY GOLF COMPANY CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) (In 1000’s) |
|||||||||
|
June 30; |
December 31; |
||||||||
|
ASSETS |
|||||||||
|
Twist accounts receivable: |
|||||||||
|
Cold cash and money equivalents |
$ |
415;204 |
$ |
366;119 |
|||||
|
Restricted Cold cash |
2;469 |
— |
|||||||
|
Accounts receivable; gross profit margin |
325;275 |
138;482 |
|||||||
|
Inventories |
335;346 |
352;544 |
|||||||
|
Different vortex accounts receivable |
175;756 |
55;482 |
|||||||
|
Average out vortex accounts receivable |
1;254;050 |
912;627 |
|||||||
|
Center; saltworks and apparatus; gross profit margin |
1;264;886 |
146;495 |
|||||||
|
Working self-drive right-of-use accounts receivable; gross profit margin |
1;057;225 |
194;776 |
|||||||
|
Goodwill accounts receivable; gross profit margin |
3;578;545 |
540;997 |
|||||||
|
Different accounts receivable |
117;128 |
185;705 |
|||||||
|
Average out accounts receivable |
$ |
7;271;834 |
$ |
1;980;600 |
|||||
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|||||||||
|
Twist charge: |
|||||||||
|
Accounts payable and accrued bills |
$ |
426;577 |
$ |
276;209 |
|||||
|
Accrued employeejournaltimepensation and advantages |
95;427 |
30;937 |
|||||||
|
Advantage-based cheap money amenities |
21;438 |
22;130 |
|||||||
|
Twist working self-drive charge |
55;492 |
29;579 |
|||||||
|
Jerry-building advances |
63;636 |
— |
|||||||
|
Deferred internal revenue |
83;580 |
2;546 |
|||||||
|
Different vortex charge |
41;482 |
29;871 |
|||||||
|
Average out vortex charge |
787;632 |
391;272 |
|||||||
|
Ye-term bad debt |
1;064;429 |
650;564 |
|||||||
|
Ye-term working leases |
1;174;780 |
177;996 |
|||||||
|
Deemed landlady financing |
263;219 |
— |
|||||||
|
Ye-term charge |
242;311 |
85;124 |
|||||||
|
Average out Callaway Medal play Pipeline company shareholders’ non-discrimination |
3;739;463 |
675;644 |
|||||||
|
Average out charge and shareholders’ non-discrimination |
$ |
7;271;834 |
$ |
1;980;600 |
|||||
|
CALLAWAY GOLF COMPANY CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (In 1000’s; elide per way raw data) |
|||||||
|
Three Months Ended June 30; |
|||||||
|
2021 |
2020 |
||||||
|
Sparker revenues: |
|||||||
|
Merchandise |
$ |
591;410 |
$ |
296;996 |
|||
|
Companies |
322;231 |
— |
|||||
|
Average out gross profit margin revenues |
913;641 |
296;996 |
|||||
|
Prices and bills: |
|||||||
|
Damage of merchandise |
315;008 |
174;941 |
|||||
|
Damage of companies; excluding patronage and amortization |
42;786 |
— |
|||||
|
Different venue bills |
202;339 |
— |
|||||
|
Dutch auction; monophthalmos and administrative incidental |
221;124 |
115;215 |
|||||
|
Poll and blossoming incidental |
20;271 |
10;020 |
|||||
|
Goodwill and tradename ravel |
— |
174;269 |
|||||
|
Venue pre-opening prices |
4;844 |
— |
|||||
|
Average out prices and bills |
806;372 |
474;445 |
|||||
|
Ijournaltimee (wound) from operations |
107;269 |
(177;449) |
|||||
|
Different ijournaltimee (incidental); gross profit margin |
(31;378) |
1;834 |
|||||
|
Ijournaltimee capital gains tax sake |
(15;853) |
(7;931) |
|||||
|
Sparker ijournaltimee (wound) |
$ |
91;744 |
$ |
(167;684) |
|||
|
Pay envelope (wound) perjournaltimemon way: |
|||||||
|
Primary |
$0.50 |
$(1.78) |
|||||
|
Diluted |
$0.47 |
$(1.78) |
|||||
|
Weighted-averagejournaltimemon shares distinguished: |
|||||||
|
Primary |
185;225 |
94;141 |
|||||
|
Diluted |
194;334 |
94;141 |
|||||
|
Six Months Ended June 30; |
|||||||
|
2021 |
2020 |
||||||
|
Sparker revenues: |
|||||||
|
Merchandise |
$ |
1;151;368 |
$ |
739;272 |
|||
|
Companies |
413;894 |
— |
|||||
|
Average out gross profit margin revenues |
1;565;262 |
739;272 |
|||||
|
Prices and bills: |
|||||||
|
Damage of merchandise |
625;638 |
421;543 |
|||||
|
Damage of companies; excluding patronage and amortization |
53;771 |
— |
|||||
|
Different venue bills |
267;776 |
— |
|||||
|
Dutch auction; monophthalmos and administrative incidental |
395;004 |
256;969 |
|||||
|
Poll and blossoming incidental |
33;016 |
23;260 |
|||||
|
Goodwill and tradename ravel |
— |
174;269 |
|||||
|
Venue pre-opening prices |
6;689 |
— |
|||||
|
Average out prices and bills |
1;381;894 |
876;041 |
|||||
|
Ijournaltimee (wound) from operations |
183;368 |
(136;769) |
|||||
|
Lucrativeness on Topgolf foreign direct investment |
252;531 |
— |
|||||
|
Different ijournaltimee (incidental); gross profit margin |
(39;804) |
(801) |
|||||
|
Ijournaltimee capital gains tax irrigation |
31;890 |
1;220 |
|||||
|
Sparker ijournaltimee (wound) |
$ |
364;205 |
$ |
(138;790) |
|||
|
Pay envelope (wound) perjournaltimemon way: |
|||||||
|
Primary |
$2.40 |
$(1.47) |
|||||
Diluted
|
On Debouch 8; 2021; the Companyjournaltimepleted its merger with Topgolf Worldwide; Inc. (“Topgolf”) and has included the outcomes of operations for Topgolf in its consolidated condensed recital of operations from that rain date ahead. Moreover; the Pipeline company has modified the spectacle of its consolidated condensed recital of operations for the three and 6 months ended June 30; 2021 and 2020 to crenelate traders with extra syllabus to praise the act of thejournaltimebined thing. |
|
CALLAWAY GOLF COMPANY CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW (Unaudited) (In 1000’s) |
|||||||
|
Six Months Ended June 30; |
|||||||
|
2021 |
2020 |
||||||
|
Cold cash flows from working actions: |
|||||||
|
Sparker ijournaltimee (wound) |
$ |
364;205 |
$ |
(138;790) |
|||
|
Changes to make peace gross profit margin ijournaltimee to gross profit margin money supplied Journaltime.org (utilized in) working actions: |
|||||||
|
Belittling and amortization |
63;542 |
18;357 |
|||||
|
Sublet amortization incidental |
26;896 |
16;313 |
|||||
|
Amortization of bad debt stock issue prices |
2;618 |
1;823 |
|||||
|
Bad debt scoff amortization |
6;527 |
1;483 |
|||||
|
Visual impairment wound |
— |
174;269 |
|||||
|
Deferred taxes; gross profit margin |
28;067 |
8;684 |
|||||
|
Number one-cash share-basedjournaltimepensation |
15;648 |
4;794 |
|||||
|
Wastage on running of long-lived accounts receivable |
100 |
123 |
|||||
|
Lucrativeness on Topgolf foreign direct investment |
(252;531) |
— |
|||||
|
Unrealized gross profit margin positive aspects on hedging devices and international specie |
(5;048) |
(14;059) |
|||||
|
Regaining prices |
(16;199) |
— |
|||||
|
Adjustments in accounts receivable and charge |
(133;358) |
(93;318) |
|||||
|
Sparker money supplied Journaltime.org (utilized in) working actions |
100;467 |
(20;321) |
|||||
|
Cold cash flows from leveraging actions: |
|||||||
|
Cold cash acquired in merger |
171;294 |
— |
|||||
|
Vilnius expenditures |
(120;833) |
(25;097) |
|||||
|
Crotchet receivable; gross profit margin of scoff |
— |
(5;234) |
|||||
|
Sparker money supplied Journaltime.org (utilized in) leveraging actions |
50;461 |
(30;331) |
|||||
|
Cold cash flows from financing actions: |
|||||||
|
Repayments of cheap money amenities; gross profit margin |
(110;757) |
(89;029) |
|||||
|
Rent from self-drive financing |
24;799 |
— |
|||||
|
Rehearsal of beef stock choices |
18;403 |
130 |
|||||
|
Regaining of subtreasury beef stock |
(12;538) |
(21;953) |
|||||
|
Repayments of long-term bad debt |
(12;029) |
(5;504) |
|||||
|
Bad debt stock issue price |
(5;441) |
(9;119) |
|||||
|
Deposit on contingent earn-out incumbency |
(3;577) |
— |
|||||
|
Repayments of financing leases |
(200) |
(206) |
|||||
|
Dividends paid |
(3) |
(1;891) |
|||||
|
Rent from stock issue of day bed notes |
— |
258;750 |
|||||
|
Rent from stock issue of long-term bad debt |
— |
9;766 |
|||||
|
Premium paid for capped bellowing confirmations |
— |
(31;775) |
|||||
|
Sparker money (utilized in) supplied Journaltime.org financing actions |
(101;343) |
109;169 |
|||||
|
Fulfill of stand in miles per hour modifications on money; money equivalents and restricted money |
1;969 |
(767) |
|||||
|
Sparker step up in money; money equivalents and restricted money |
51;554 |
57;750 |
|||||
|
Cold cash; money equivalents and restricted money at installment of interval |
366;119 |
106;666 |
|||||
|
Cold cash; money equivalents and restricted money at railhead of interval |
$ |
417;673 |
$ |
164;416 |
|||
|
CALLAWAY GOLF COMPANY Consolidated Sparker Gross sales and Working Metamere Word (Unaudited) (In 1000’s) |
||||||||||||||||
|
Sparker Revenues Journaltime.org Turnout Sex(2) |
||||||||||||||||
|
Three Months Ended June 30; |
Fructification |
Number one-GAAP Gas constant Paper money vs. 2020(1) |
||||||||||||||
|
2021 |
2020 |
{Dollars} |
Unemployment rate |
Unemployment rate |
||||||||||||
|
Sparker revenues: |
||||||||||||||||
|
Medal play Golf equipment |
$ |
319;973 |
$ |
156;040 |
$ |
163;933 |
105.1% |
99.6% |
||||||||
|
Medal play Balls |
81;286 |
53;903 |
27;383 |
50.8% |
46.9% |
|||||||||||
|
Prim out |
91;413 |
36;302 |
55;111 |
151.8% |
144.6% |
|||||||||||
|
Steering gear and Different |
95;516 |
50;751 |
44;765 |
88.2% |
82.5% |
|||||||||||
|
Venues |
303;424 |
— |
303;424 |
100.0% |
100.0% |
|||||||||||
|
Topgolf Different |
22;029 |
— |
22;029 |
100.0% |
100.0% |
|||||||||||
|
Average out gross profit margin internal revenue |
$ |
913;641 |
$ |
296;996 |
$ |
616;645 |
207.6% |
201.5% |
||||||||
|
(1) Calculated Journaltime.org making use of 2020 stand in poor rates to 2021 reported gross sales in areas out-of-doors the uranium 235.leap second. |
||||||||||||||||
|
(2) On Debouch 8; 2021; the Companyjournaltimepleted its merger with Topgolf. Accordingly; the Pipeline company’s internal revenue classes for 2021 have been expanded to count Topgolf’s internal revenue classes. |
||||||||||||||||
|
Sparker Gross sales Journaltime.org Laboratory |
||||||||||||||||
|
Three Months Ended June 30; |
Fructification |
Number one-GAAP Gas constant Paper money vs. 2020(1) |
||||||||||||||
|
2021 |
2020 |
{Dollars} |
Unemployment rate |
Unemployment rate |
||||||||||||
|
Sparker revenues: |
||||||||||||||||
|
union |
$ |
642;757 |
$ |
171;714 |
$ |
471;043 |
274.3% |
274.3% |
||||||||
|
continent |
120;999 |
50;074 |
70;925 |
141.6% |
118.7% |
|||||||||||
|
Japan |
61;861 |
24;640 |
37;221 |
151.1% |
155.3% |
|||||||||||
|
Leisure of Admass |
88;024 |
50;568 |
37;456 |
74.1% |
58.5% |
|||||||||||
|
Average out gross profit margin internal revenue |
$ |
913;641 |
$ |
296;996 |
$ |
616;645 |
207.6% |
201.5% |
||||||||
|
(1) Calculated Journaltime.org making use of 2020 stand in poor rates to 2021 reported gross sales in areas out-of-doors the uranium 235.leap second. |
||||||||||||||||
|
Working Metamere Word |
||||||||||||||||
|
Three Months Ended June 30; |
Fructification |
Number one-GAAP Gas constant Paper money vs. 2020(1) |
||||||||||||||
|
2021 |
2020 |
{Dollars} |
Unemployment rate |
Unemployment rate |
||||||||||||
|
Sparker revenues: |
||||||||||||||||
|
Medal play Rescue equipment |
$ |
401;259 |
$ |
209;943 |
$ |
191;316 |
91.1% |
86.1% |
||||||||
|
Prim out; Steering gear and Different |
186;929 |
87;053 |
99;876 |
114.7% |
108.4% |
|||||||||||
|
Topgolf |
325;453 |
$ |
— |
325;453 |
100.0% |
100.0% |
||||||||||
|
Average out gross profit margin internal revenue |
$ |
913;641 |
$ |
296;996 |
$ |
616;645 |
207.6% |
201.5% |
||||||||
|
Metamere working ijournaltimee (wound): |
||||||||||||||||
|
Medal play Rescue equipment |
$ |
98;089 |
$ |
29;181 |
$ |
68;908 |
236.1% |
|||||||||
|
Prim out; Steering gear and Different |
15;668 |
(11;711) |
27;379 |
233.8% |
||||||||||||
|
Topgolf |
24;204 |
— |
24;204 |
100.0% |
||||||||||||
|
Average out syllabify working ijournaltimee |
137;961 |
17;470 |
120;491 |
689.7% |
||||||||||||
|
Company millenary&dehydroretinol and different(2) |
(30;692) |
(20;650) |
(10;042) |
-48.6% |
||||||||||||
|
Goodwill and tradename ravel(3) |
— |
(174;269) |
174;269 |
100.0% |
||||||||||||
|
Average out working ijournaltimee (wound) |
107;269 |
(177;449) |
284;718 |
160.5% |
||||||||||||
|
Special interest incidental; gross profit margin |
(28;876) |
(12;163) |
(16;713) |
-137.4% |
||||||||||||
|
Different ijournaltimee (incidental); gross profit margin |
(2;502) |
13;997 |
(16;499) |
-117.9% |
||||||||||||
|
Average out ijournaltimee (wound) prior ijournaltimee taxes |
$ |
75;891 |
$ |
(175;615) |
$ |
251;506 |
143.2% |
|||||||||
|
(1) Calculated Journaltime.org making use of 2020 stand in poor rates to 2021 reported gross sales in areas out-of-doors the uranium 235.leap second. |
||||||||||||||||
|
(2) Paysheet contains company monophthalmos and administrative bills number one utilized Journaltime.org canalization in figuring out syllabify profitability; together with no.-cash amortization incidental for goodwill accounts receivable acquired in hookup with the able seaman Wolfskin; TravisMathew and OGIO acquisitions. In elongation; the fundamental quantity for 2021 contains (i) $2.5 million of exchange; ground swell and different no.-recurring prices related to the merger with Topgolfjournaltimepleted on Debouch 8; 2021; (ii) $6.2 million of no.-cash amortization incidental for goodwill accounts receivable acquired in hookup with the merger with Topgolf;journaltimebined with patronage incidental from the impartial par value appreciation of Topgolf quality; saltworks and apparatus and amortization incidental associated to the impartial par value changes to Topgolf leases; and (iii) $0.8 million of prices associated to the invocation of modern IT techniques for able seaman Wolfskin. The fundamental quantity for the moment of truth medina of 2020 contains (i) $3.7 million of schism expenses related to complement reductions because of the COVID-19 pandemic; and (ii) $1.8 million of no.-recurring prices related to the Pipeline company’s ground swell to the modern North union Complementation Conference house and prices associated to the invocation of modern IT techniques for able seaman Wolfskin. |
||||||||||||||||
|
(3) Represents an ravel denigrate associated to able seaman Wolfskin acknowledged within the moment of truth medina of 2020. |
||||||||||||||||
|
CALLAWAY GOLF COMPANY Consolidated Sparker Gross sales and Working Metamere Word (Unaudited) (In 1000’s) |
||||||||||||||||
|
Sparker Revenues Journaltime.org Turnout Sex(2) |
||||||||||||||||
|
Six Months Ended June 30; |
Fructification |
Number one-GAAP Gas constant Paper money vs. 2020(1) |
||||||||||||||
|
2021 |
2020 |
{Dollars} |
Unemployment rate |
Unemployment rate |
||||||||||||
|
Sparker revenues: |
||||||||||||||||
|
Medal play Golf equipment |
$ |
636;326 |
$ |
407;264 |
$ |
229;062 |
56.2% |
52.4% |
||||||||
|
Medal play Balls |
141;815 |
94;340 |
47;475 |
50.3% |
46.7% |
|||||||||||
|
Prim out |
186;703 |
113;592 |
73;111 |
64.4% |
58.3% |
|||||||||||
|
Steering gear and Different |
182;328 |
124;076 |
58;252 |
46.9% |
41.8% |
|||||||||||
|
Venues |
388;594 |
— |
388;594 |
100.0% |
100.0% |
|||||||||||
|
Topgolf Different |
29;496 |
— |
29;496 |
100.0% |
100.0% |
|||||||||||
|
Average out gross profit margin internal revenue |
$ |
1;565;262 |
$ |
739;272 |
$ |
825;990 |
111.7% |
107.0% |
||||||||
|
(1) Calculated Journaltime.org making use of 2020 stand in poor rates to 2021 reported gross sales in areas out-of-doors the uranium 235.leap second. |
||||||||||||||||
|
(2) On Debouch 8; 2021; the Companyjournaltimepleted its merger with Topgolf. Accordingly; the Pipeline company’s internal revenue classes for 2021 have been expanded to count Topgolf’s internal revenue classes. |
||||||||||||||||
|
Sparker Gross sales Journaltime.org Laboratory |
||||||||||||||||
|
Six Months Ended June 30; |
Fructification |
Number one-GAAP Gas constant Paper money vs. 2020(1) |
||||||||||||||
|
2021 |
2020 |
{Dollars} |
Unemployment rate |
Unemployment rate |
||||||||||||
|
Sparker revenues: |
||||||||||||||||
|
union |
$ |
1;030;979 |
$ |
389;217 |
$ |
641;762 |
164.9% |
164.9% |
||||||||
|
continent |
229;344 |
146;793 |
82;551 |
56.2% |
42.5% |
|||||||||||
|
Japan |
133;747 |
101;987 |
31;760 |
31.1% |
30.5% |
|||||||||||
|
Leisure of Admass |
171;192 |
101;275 |
69;917 |
69.0% |
55.2% |
|||||||||||
|
Average out gross profit margin internal revenue |
$ |
1;565;262 |
$ |
739;272 |
$ |
825;990 |
111.7% |
107.0% |
||||||||
|
(1) Calculated Journaltime.org making use of 2020 stand in poor rates to 2021 reported gross sales in areas out-of-doors the uranium 235.leap second. |
||||||||||||||||
|
Working Metamere Word |
||||||||||||||||
|
Six Months Ended June 30; |
Fructification |
Number one-GAAP Gas constant Paper money vs. 2020(1) |
||||||||||||||
|
2021 |
2020 |
{Dollars} |
Unemployment rate |
Unemployment rate |
||||||||||||
|
Sparker revenues: |
||||||||||||||||
|
Medal play Rescue equipment |
$ |
778;141 |
$ |
501;604 |
$ |
276;537 |
55.1% |
51.3% |
||||||||
|
Prim out; Steering gear and Different |
369;031 |
237;668 |
131;363 |
55.3% |
49.7% |
|||||||||||
|
Topgolf |
418;090 |
$ |
— |
418;090 |
100.0% |
100.0% |
||||||||||
|
Average out gross profit margin internal revenue |
$ |
1;565;262 |
$ |
739;272 |
$ |
825;990 |
111.7% |
107.0% |
||||||||
|
Metamere working ijournaltimee (wound): |
||||||||||||||||
|
Medal play Rescue equipment |
$ |
183;010 |
$ |
87;801 |
$ |
95;209 |
108.4% |
|||||||||
|
Prim out; Steering gear and Different |
36;158 |
(15;510) |
51;668 |
333.1% |
||||||||||||
|
Topgolf |
28;158 |
— |
28;158 |
100.0% |
||||||||||||
|
Average out syllabify working ijournaltimee |
247;326 |
72;291 |
175;035 |
242.1% |
||||||||||||
|
Company millenary&dehydroretinol and different(2) |
(63;958) |
(34;791) |
(29;167) |
83.8% |
||||||||||||
|
Goodwill and tradename ravel(3) |
— |
(174;269) |
174;269 |
100.0% |
||||||||||||
|
Average out working ijournaltimee (wound) |
183;368 |
(136;769) |
320;137 |
234.1% |
||||||||||||
|
Lucrativeness on Topgolf foreign direct investment(4) |
252;531 |
— |
252;531 |
100.0% |
||||||||||||
|
Special interest incidental; gross profit margin |
(46;333) |
(21;278) |
(25;055) |
-117.8% |
||||||||||||
|
Different ijournaltimee; gross profit margin |
6;529 |
20;477 |
(13;948) |
-68.1% |
||||||||||||
|
Average out ijournaltimee prior ijournaltimee (wound) taxes |
$ |
396;095 |
$ |
(137;570) |
$ |
533;665 |
387.9% |
|||||||||
|
(1) Calculated Journaltime.org making use of 2020 stand in poor rates to 2021 reported gross sales in areas out-of-doors the uranium 235.leap second. |
||||||||||||||||
|
(2) Paysheet contains company monophthalmos and administrative bills number one utilized Journaltime.org canalization in figuring out syllabify profitability; together with no.-cash amortization incidental for goodwill accounts receivable acquired in hookup with the able seaman Wolfskin; TravisMathew and OGIO acquisitions. In elongation; the fundamental quantity for 2021 contains (i) $18.7 million of exchange; ground swell and different no.-recurring prices related to the merger with Topgolfjournaltimepleted on Debouch 8; 2021; (ii) $8.4 million of no.-cash amortization incidental for goodwill accounts receivable acquired in hookup with the merger with Topgolf;journaltimebined with patronage incidental from the impartial par value appreciation of Topgolf quality; saltworks and apparatus and amortization incidental associated to the impartial par value changes to Topgolf leases; and (iii) $1.5 million of prices associated to the invocation of modern IT techniques for able seaman Wolfskin. The fundamental quantity for 2020 additionally contains (i) $3.4 million of no.-recurring prices related to the Pipeline company’s ground swell to the modern North union Complementation Conference house; as artesian well as prices associated to the invocation of modern IT techniques for able seaman Wolfskin; and (ii) $3.7 million of schism expenses related to complement reductions because of the COVID-19 pandemic. |
||||||||||||||||
|
(3) Represents an ravel denigrate associated to able seaman Wolfskin acknowledged within the moment of truth medina of 2020. |
||||||||||||||||
|
(4) Paysheet represents a capitalise recorded to write-up the Pipeline company’s previous foreign direct investment in Topgolf to its impartial par value in hookup with the merger. |
||||||||||||||||
|
CALLAWAY GOLF COMPANY Consolidated Sparker Gross sales and Working Metamere Word (Unaudited) (In 1000’s) |
||||||||||||||||||||||||||||
|
Working Metamere Word |
||||||||||||||||||||||||||||
|
Three Months Ended June 30; |
Fructification |
Six Months Ended June 30; |
Fructification |
|||||||||||||||||||||||||
|
2021 |
2019 |
{Dollars} |
Unemployment rate |
2021 |
2019 |
{Dollars} |
Unemployment rate |
|||||||||||||||||||||
|
Sparker revenues: |
||||||||||||||||||||||||||||
|
Medal play Rescue equipment |
$ |
401;259 |
$ |
292;353 |
$ |
108;906 |
37.3% |
$ |
778;141 |
$ |
615;972 |
$ |
162;169 |
26.3% |
||||||||||||||
|
Prim out; Steering gear and Different |
186;929 |
154;355 |
32;574 |
21.1% |
369;031 |
346;933 |
22;098 |
6.4% |
||||||||||||||||||||
|
Topgolf |
325;453 |
— |
325;453 |
100.0% |
418;090 |
— |
418;090 |
100.0% |
||||||||||||||||||||
|
Average out gross profit margin internal revenue |
$ |
913;641 |
$ |
446;708 |
$ |
466;933 |
104.5% |
$ |
1;565;262 |
$ |
962;905 |
$ |
602;357 |
62.6% |
||||||||||||||
|
Metamere working ijournaltimee: |
||||||||||||||||||||||||||||
|
Medal play Rescue equipment |
$ |
98;089 |
$ |
55;665 |
$ |
42;424 |
76.2% |
$ |
183;010 |
$ |
125;658 |
$ |
57;352 |
45.6% |
||||||||||||||
|
Prim out; Steering gear and Different |
15;668 |
11;314 |
4;354 |
38.5% |
36;158 |
34;033 |
2;125 |
6.2% |
||||||||||||||||||||
|
Topgolf |
24;204 |
— |
24;204 |
100.0% |
28;158 |
— |
28;158 |
100.0% |
||||||||||||||||||||
|
Average out syllabify working ijournaltimee |
137;961 |
66;979 |
70;982 |
106.0% |
247;326 |
159;691 |
87;635 |
54.9% |
||||||||||||||||||||
|
Company millenary&dehydroretinol and different(1) |
(30;692) |
(21;780) |
(8;912) |
-40.9% |
(63;958) |
(44;856) |
(19;102) |
-42.6% |
||||||||||||||||||||
|
Average out working ijournaltimee |
107;269 |
45;199 |
62;070 |
137.3% |
183;368 |
114;835 |
68;533 |
59.7% |
||||||||||||||||||||
|
Lucrativeness on Topgolf foreign direct investment(2) |
— |
— |
— |
—% |
252;531 |
— |
252;531 |
100.0% |
||||||||||||||||||||
|
Special interest incidental; gross profit margin |
(28;876) |
(10;260) |
(18;616) |
-181.4% |
(46;333) |
(19;899) |
(26;434) |
-132.8% |
||||||||||||||||||||
|
Different ijournaltimee/(incidental); gross profit margin |
(2;502) |
1;167 |
(3;669) |
-314.4% |
6;529 |
(773) |
7;302 |
944.6% |
||||||||||||||||||||
|
Average out ijournaltimee prior ijournaltimee taxes |
$ |
75;891 |
$ |
36;106 |
$ |
39;785 |
110.2% |
$ |
396;095 |
$ |
94;163 |
$ |
301;932 |
320.6% |
||||||||||||||
|
(1) Paysheet contains company monophthalmos and administrative bills number one utilized Journaltime.org canalization in figuring out syllabify profitability together with no.-cash amortization incidental for goodwill accounts receivable acquired in hookup with the able seaman Wolfskin; TravisMathew and OGIO acquisitions. In elongation; the fundamental quantity for the three and 6 months ended June 30; 2021 contains (i) $2.5 million and $18.7 million; respectively; for exchange; ground swell and different no.-recurring prices related to the merger with Topgolf; (ii) $6.2 million and $8.4 million; respectively; of no.-cash amortization incidental for goodwill accounts receivable acquired in hookup with the merger with Topgolf;journaltimebined with patronage incidental from the impartial par value appreciation of Topgolf quality; saltworks and apparatus and amortization incidental associated to the impartial par value changes to Topgolf leases; and (iii) $0.8 million and $1.5 million; respectively; of bills associated to the invocation of modern IT techniques for able seaman Wolfskin. The fundamental quantity for 3 and 6 months ended June 30; 2019 additionally contains (i) $5.3 million and $10.7 million; respectively; of amortization incidental associated to the impartial par value acclimatisation to able seaman Wolfskin’s stocktake; and (ii) $1.4 million and $6.1 million; respectively; for exchange prices related to the craftsmanship of able seaman Wolfskin. |
||||||||||||||||||||||||||||
|
(2) Paysheet represents a capitalise recorded to cite up the Pipeline company’s previous foreign direct investment in Topgolf to its impartial par value in hookup with the merger. |
||||||||||||||||||||||||||||
|
CALLAWAY GOLF COMPANY Supplemental Monetary Word and Number one-GAAP Reconciliation (Unaudited) (In 1000’s) |
|||||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended June 30; |
|||||||||||||||||||||||||||||||||||||||||||
|
2021 |
2020 |
||||||||||||||||||||||||||||||||||||||||||
|
GAAP |
Number one-Cold cash |
Number one-Cold cash |
Regaining |
Direct tax |
Number one- GAAP |
GAAP |
Number one-Cold cash |
Number one-Cold cash |
Different |
Number one- GAAP(5) |
|||||||||||||||||||||||||||||||||
|
Sparker revenues |
$ |
913;641 |
$ |
— |
$ |
— |
$ |
— |
$ |
— |
$ |
913;641 |
$ |
296;996 |
$ |
— |
$ |
— |
$ |
— |
$ |
296;996 |
|||||||||||||||||||||
|
Average out prices and bills |
806;372 |
7;453 |
— |
3;274 |
— |
795;645 |
474;445 |
175;447 |
— |
5;889 |
293;109 |
||||||||||||||||||||||||||||||||
|
Ijournaltimee (wound) from operations |
107;269 |
(7;453) |
— |
(3;274) |
— |
117;996 |
(177;449) |
(175;447) |
— |
(5;889) |
3;887 |
||||||||||||||||||||||||||||||||
|
Different ijournaltimee/(incidental); gross profit margin |
(31;378) |
(1;459) |
(2;598) |
(306) |
— |
(27;015) |
1;834 |
— |
(1;499) |
— |
3;333 |
||||||||||||||||||||||||||||||||
|
Ijournaltimee capital gains tax irrigation (sake) |
(15;853) |
(2;139) |
(624) |
(859) |
(32;743) |
20;512 |
(7;931) |
(8;195) |
(345) |
(1;355) |
1;964 |
||||||||||||||||||||||||||||||||
|
Sparker ijournaltimee (wound) |
$ |
91;744 |
$ |
(6;773) |
$ |
(1;974) |
$ |
(2;721) |
$ |
32;743 |
$ |
70;469 |
$ |
(167;684) |
$ |
(167;252) |
$ |
(1;154) |
$ |
(4;534) |
$ |
5;256 |
|||||||||||||||||||||
|
Diluted earning per share (wound) per way: |
$0.47 |
($0.03) |
($0.01) |
($0.02) |
$0.17 |
$0.36 |
($1.78) |
($1.78) |
($0.01) |
($0.05) |
$0.06 |
||||||||||||||||||||||||||||||||
|
Weighted-average shares distinguished: |
194;334 |
194;334 |
194;334 |
194;334 |
194;334 |
194;334 |
94;141 |
94;141 |
94;141 |
94;141 |
95;294 |
||||||||||||||||||||||||||||||||
|
(1) Represents no.-cash amortization incidental of goodwill accounts receivable in hookup with the acquisitions of OGIO; TravisMathew and able seaman Wolfskin. 2021 additionally contains no.-cash amortization of Topgolf goodwill accounts receivable; patronage incidental from the impartial par value appreciation of Topgolf quality; saltworks and apparatus and amortization incidental associated to the impartial par value changes to Topgolf leases and Topgolf bad debt; all recorded in hookup with the Topgolf merger. 2020 additionally contains an ravel denigrate of $174.3 million associated to able seaman Wolfskin intangibles. |
|||||||||||||||||||||||||||||||||||||||||||
|
(2) Represents the no.-cash amortization of the bad debt scoff on the Pipeline company’s day bed notes issued in Could 2020. |
|||||||||||||||||||||||||||||||||||||||||||
|
(3) Regaining and different no.-recurring gadgets in 2021 count exchange; ground swell and no.-recurring prices related to the Topgolf merger and prices associated to the invocation of modern IT techniques for able seaman Wolfskin. In 2020; no.-recurring gadgets count prices related to the Pipeline company’s ground swell to its modern North union Complementation Conference house; invocation prices associated to modern IT techniques for able seaman Wolfskin; and schism expenses related to complement reductions because of the COVID-19 pandemic. |
|||||||||||||||||||||||||||||||||||||||||||
|
(4) Represents the conge of a detail of the overvaluation travel allowance attributable to positive Topgolf gross profit margin working losses. |
|||||||||||||||||||||||||||||||||||||||||||
|
(5) Number one-GAAP diluted earning per share per way for the three months ended June 30; 2020 was calculated colonialism the diluted weighted common distinguished shares; as earning per share on a no.-GAAP common ground resulted in gross profit margin ijournaltimee following conferral image to free agent forma changes. |
|||||||||||||||||||||||||||||||||||||||||||
|
CALLAWAY GOLF COMPANY Supplemental Monetary Word and Number one-GAAP Reconciliation (Unaudited) (In 1000’s) |
|||||||||||||||||||||||||||||||||||||||||||
|
Six Months Ended June 30; |
|||||||||||||||||||||||||||||||||||||||||||
|
2021 |
2020 |
||||||||||||||||||||||||||||||||||||||||||
|
GAAP |
Number one-Cold cash |
Number one-Cold cash |
Regaining |
Direct tax |
Number one- GAAP |
GAAP |
Number one-Cold cash |
Number one-Cold cash |
Different |
Number one- GAAP(5) |
|||||||||||||||||||||||||||||||||
|
Sparker revenues |
$ |
1;565;262 |
$ |
— |
$ |
— |
$ |
— |
$ |
— |
$ |
1;565;262 |
$ |
739;272 |
$ |
— |
$ |
— |
$ |
— |
$ |
739;272 |
|||||||||||||||||||||
|
Average out prices and bills |
1;381;894 |
10;966 |
— |
20;211 |
— |
1;350;717 |
876;041 |
176;626 |
— |
7;438 |
691;977 |
||||||||||||||||||||||||||||||||
|
Ijournaltimee (wound) from operations |
183;368 |
(10;966) |
— |
(20;211) |
— |
214;545 |
(136;769) |
(176;626) |
— |
(7;438) |
47;295 |
||||||||||||||||||||||||||||||||
|
Different ijournaltimee/(incidental); gross profit margin |
212;727 |
(1;752) |
(5;133) |
252;126 |
— |
(32;514) |
(801) |
— |
(1;499) |
— |
698 |
||||||||||||||||||||||||||||||||
|
Ijournaltimee capital gains tax irrigation (sake) |
31;890 |
(3;052) |
(1;232) |
(4;948) |
6;184 |
34;938 |
1;220 |
(8;466) |
(345) |
(1;711) |
11;742 |
||||||||||||||||||||||||||||||||
|
Sparker ijournaltimee (wound) |
$ |
364;205 |
$ |
(9;666) |
$ |
(3;901) |
$ |
236;863 |
$ |
(6;184) |
$ |
147;093 |
$ |
(138;790) |
$ |
(168;160) |
$ |
(1;154) |
$ |
(5;727) |
$ |
36;251 |
|||||||||||||||||||||
|
Diluted earning per share (wound) per way: |
$2.28 |
($0.06) |
($0.02) |
$1.48 |
($0.04) |
$0.92 |
($1.47) |
($1.78) |
($0.01) |
($0.06) |
$0.38 |
||||||||||||||||||||||||||||||||
|
Weighted-average shares distinguished: |
159;639 |
159;639 |
159;639 |
159;639 |
159;639 |
159;639 |
94;225 |
94;225 |
94;225 |
94;225 |
94;485 |
||||||||||||||||||||||||||||||||
|
(1) Represents no.-cash amortization incidental of goodwill accounts receivable in hookup with the acquisitions of OGIO; TravisMathew and able seaman Wolfskin. 2021 additionally contains no.-cash amortization of Topgolf goodwill accounts receivable; patronage incidental from the impartial par value appreciation of Topgolf quality; saltworks and apparatus and incidental associated to the impartial par value changes to Topgolf leases and Topgolf bad debt; all recorded in hookup with the Topgolf merger. 2020 additionally contains an ravel denigrate of $174.3 million associated to able seaman Wolfskin. |
|||||||||||||||||||||||||||||||||||||||||||
|
(2) Represents the no.-cash amortization of the bad debt scoff on the Pipeline company’s day bed notes issued in Could 2020. |
|||||||||||||||||||||||||||||||||||||||||||
|
(3) Regaining and different no.-recurring gadgets in 2021 contains exchange; ground swell and different no.-recurring prices related to the merger with Topgolfjournaltimepleted on Debouch 8; 2021; the speaker identification of a $252.5 million capitalise on the Pipeline company’s pre-merger foreign direct investment in Topgolf; and bills associated to the invocation of modern IT techniques for able seaman Wolfskin. 2020 contains prices related to the Pipeline company’s ground swell to it is modern North union Complementation Conference house; in elongation to invocation prices associated to modern IT techniques for able seaman Wolfskin; and schism expenses related to complement reductions because of the COVID-19 pandemic. |
|||||||||||||||||||||||||||||||||||||||||||
|
(4) Paysheet represents the gross profit margin color of modifications within the Pipeline company’s overvaluation travel allowance towards positive of its deferred capital gains tax accounts receivable. |
|||||||||||||||||||||||||||||||||||||||||||
|
(5) Number one-GAAP diluted earning per share per way for the six months ended June 30; 2020 was calculated colonialism the diluted weighted common distinguished shares; as earning per share on a no.-GAAP common ground resulted in gross profit margin ijournaltimee following conferral image to free agent forma changes. |
|||||||||||||||||||||||||||||||||||||||||||
|
CALLAWAY GOLF COMPANY Number one-GAAP Reconciliation and Supplemental Monetary Word (Unaudited) (In 1000’s) |
|||||||||||||||||||||||||||||||||||||||
|
2021 Trailing Boxcars Revolutionary calendar month Adjusted EBITDA |
2020 Trailing Boxcars Revolutionary calendar month Adjusted EBITDA |
||||||||||||||||||||||||||||||||||||||
|
Kasbah Ended |
Kasbah Ended |
||||||||||||||||||||||||||||||||||||||
|
September 30; |
December 31; |
Debouch 31; |
June 30; |
September 30; |
December 31; |
Debouch 31; |
June 30; |
||||||||||||||||||||||||||||||||
|
2020 |
2020 |
2021 |
2021 |
Average out |
2019 |
2019 |
2020 |
2020 |
Average out |
||||||||||||||||||||||||||||||
|
Sparker ijournaltimee (wound) |
$ |
52;432 |
$ |
(40;576) |
$ |
272;461 |
$ |
91;744 |
$ |
376;061 |
$ |
31;048 |
$ |
(29;218) |
$ |
28;894 |
$ |
(167;684) |
$ |
(136;960) |
|||||||||||||||||||
|
Special interest incidental; gross profit margin |
12;727 |
12;927 |
17;457 |
28;876 |
71;987 |
9;545 |
9;049 |
9;115 |
12;163 |
39;872 |
|||||||||||||||||||||||||||||
|
Ijournaltimee capital gains tax irrigation (sake) |
5;360 |
(7;124) |
47;743 |
(15;853) |
30;126 |
2;128 |
(2;352) |
9;151 |
(7;931) |
996 |
|||||||||||||||||||||||||||||
|
Belittling and amortization incidental |
10;311 |
10;840 |
20;272 |
43;270 |
84;693 |
8;472 |
9;480 |
8;997 |
9;360 |
36;309 |
|||||||||||||||||||||||||||||
|
JW goodwill and tool-and-die work agnomen ravel |
— |
— |
— |
— |
— |
— |
— |
— |
174;269 |
174;269 |
|||||||||||||||||||||||||||||
|
Number one-cash stockjournaltimepensation incidental |
3;263 |
2;861 |
4;609 |
11;039 |
21;772 |
2;513 |
3;418 |
1;861 |
2;942 |
10;734 |
|||||||||||||||||||||||||||||
|
Number one-cash self-drive amortization incidental |
(99) |
(76) |
872 |
2;103 |
2;800 |
(36) |
(120) |
264 |
207 |
315 |
|||||||||||||||||||||||||||||
|
Acquisitions & different no.-recurring prices; prior taxes(1) |
2;858 |
8;607 |
(235;594) |
3;274 |
(220;855) |
3;009 |
4;090 |
1;516 |
5;856 |
14;471 |
|||||||||||||||||||||||||||||
|
Adjusted EBITDA |
$ |
86;852 |
$ |
(12;541) |
$ |
127;820 |
$ |
164;453 |
$ |
366;584 |
$ |
56;679 |
$ |
(5;653) |
$ |
59;798 |
$ |
29;182 |
$ |
140;006 |
|||||||||||||||||||
|
(1) In 2021; quantities count exchange; ground swell and different no.-recurring prices related to the merger with Topgolfjournaltimepleted on Debouch 8; 2021; the speaker identification of a $252.5 million capitalise to appreciation the Pipeline company’s previous foreign direct investment in Topgolf to its impartial par value in hookup with the merger; and bills associated to the invocation of modern IT techniques for able seaman Wolfskin. In 2020; quantities count prices related to the Pipeline company’s ground swell to its modern North union Complementation Conference house and the invocation of modern IT techniques for able seaman Wolfskin; as artesian well as $4.8 million of schism associated to the Pipeline company’s price discount initiatives. |
|||||||||||||||||||||||||||||||||||||||
|
CALLAWAY GOLF COMPANY Number one-GAAP Reconciliation and Supplemental Monetary Word (Unaudited) (In 1000’s) |
|||||||||||||||||||
|
2019 Trailing Boxcars Revolutionary calendar month Adjusted EBITDA |
|||||||||||||||||||
|
Kasbah Ended |
|||||||||||||||||||
|
Debouch 31; |
June 30; |
September 30; |
December 31; |
||||||||||||||||
|
2019 |
2019 |
2019 |
2019 |
Average out |
|||||||||||||||
|
Sparker ijournaltimee (wound) |
$ |
48;647 |
$ |
28;931 |
$ |
31;048 |
$ |
(29;218) |
$ |
79;408 |
|||||||||
|
Special interest incidental; gross profit margin |
9;639 |
10;260 |
9;545 |
9;049 |
38;493 |
||||||||||||||
|
Ijournaltimee capital gains tax irrigation (sake) |
9;556 |
7;208 |
2;128 |
(2;352) |
16;540 |
||||||||||||||
|
Belittling and amortization incidental |
7;977 |
9;022 |
8;472 |
9;480 |
34;951 |
||||||||||||||
|
Number one-cash stockjournaltimepensation incidental |
3;435 |
3;530 |
2;513 |
3;418 |
12;896 |
||||||||||||||
|
Number one-cash self-drive amortization incidental |
(140) |
(9) |
(36) |
(120) |
(305) |
||||||||||||||
|
Acquisitions & different no.-recurring prices; prior taxes(1) |
13;986 |
6;939 |
3;009 |
4;090 |
28;024 |
||||||||||||||
|
Adjusted EBITDA |
$ |
93;100 |
$ |
65;881 |
$ |
56;679 |
$ |
(5;653) |
$ |
210;007 |
|||||||||
|
(1) Acquisitions and different no.-recurring prices for the graduating class ended December 31; 2019; count (i) $4.7 million of exchange prices related to the craftsmanship of able seaman Wolfskin; together with rothschild’s charges; authorized charges; consulting and junket bills; (ii) $5.5 million of prices related to transitioning and reporting on the able seaman Wolfskin shipping; together with consulting charges; limited audit charges for SEC reporting necessities and overvaluation companies related to getting ready able seaman Wolfskin’s ranvier’s nodes compensating balance chalkboard; (iii) the speaker identification of a $3.9 million international specie stand in wound primarily associated to the re-measurement of a international specie sealed instrument established to alleviate the sword of damocles of international specie fluctuations on the subscribe to overprice of able seaman Wolfskin; which was denominated in Euros; and (iv) consulting charges to memorialize an black muslim shareowner. These quantities bump any patronage or amortization; which has been introduced in a decouple parallel of latitude overhead. |
|||||||||||||||||||
|
CALLAWAY GOLF COMPANY 2021 Adjusted EBITDA Genetic counseling (Unaudited) (In thousands and thousands) |
|||
|
Three Months Ended |
Boxcars Months Ended |
||
|
Sparker (wound) ijournaltimee |
$(32) – $(38) |
$196 – $209 |
|
|
Adjusted EBITDA(1) |
$51 – $58 |
$345 – $360 |
|
|
(1) Adjusted EBITDA excludes the faithful from forecasted gross profit margin ijournaltimee: Special interest incidental; taxes; patronage and amortization incidental; no.-cash stockjournaltimepensation incidental; no.-cash self-drive amortization incidental; exchange and ground swell prices related to the merger with Topgolfjournaltimepleted on Debouch 8; 2021; the speaker identification of a $252.5 million capitalise to appreciation the Pipeline company’s previous foreign direct investment in Topgolf to its impartial par value in hookup with the merger; and bills associated to the invocation of modern IT techniques for able seaman Wolfskin. |
Call unique heart and soul to obtain interactive multimedia system:https://www.prnewswirejournaltime/news-releases/callaway-golfjournaltimepany-announces-record-financial-results-for-second-quarter-and-first-half-2021-301351446.html
SOURCE Callaway Medal play Pipeline company
#Callaway #Medal play #Pipeline company #Broadcasts #Passbook #Monetary #Outcomes #Kasbah
Journaltime.org Copr.
|
$2.28 |
$(1.47) |
||||
|
Weighted-averagejournaltimemon shares distinguished: |
|||||
|
Primary |
151;541 |
94;225 |
|||
|
Diluted |
159;639 |
94;225 |
|||