Acushnet Holdings Corp
NYSE:GOLF
Income Statement
Earnings Waterfall
Acushnet Holdings Corp
Revenue
|
2.4B
USD
|
Cost of Revenue
|
-1.1B
USD
|
Gross Profit
|
1.3B
USD
|
Operating Expenses
|
-963.2m
USD
|
Operating Income
|
289.3m
USD
|
Other Expenses
|
-90.9m
USD
|
Net Income
|
198.4m
USD
|
Income Statement
Acushnet Holdings Corp
Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||
Revenue |
1 503
N/A
|
1 527
+2%
|
1 543
+1%
|
1 563
+1%
|
1 572
+1%
|
1 566
0%
|
1 531
-2%
|
1 539
+1%
|
1 560
+1%
|
1 569
+1%
|
1 619
+3%
|
1 642
+1%
|
1 634
0%
|
1 626
0%
|
1 610
-1%
|
1 657
+3%
|
1 681
+2%
|
1 656
-1%
|
1 494
-10%
|
1 560
+4%
|
1 612
+3%
|
1 784
+11%
|
2 109
+18%
|
2 148
+2%
|
2 148
N/A
|
2 173
+1%
|
2 207
+2%
|
2 244
+2%
|
2 270
+1%
|
2 351
+4%
|
2 381
+1%
|
2 417
+1%
|
2 382
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||
Cost of Revenue |
(727)
|
(740)
|
(757)
|
(767)
|
(773)
|
(767)
|
(746)
|
(748)
|
(758)
|
(765)
|
(788)
|
(795)
|
(791)
|
(789)
|
(778)
|
(796)
|
(809)
|
(805)
|
(733)
|
(764)
|
(782)
|
(845)
|
(992)
|
(1 013)
|
(1 030)
|
(1 048)
|
(1 073)
|
(1 084)
|
(1 091)
|
(1 123)
|
(1 129)
|
(1 150)
|
(1 129)
|
|
Gross Profit |
776
N/A
|
787
+1%
|
787
+0%
|
796
+1%
|
799
+0%
|
799
+0%
|
784
-2%
|
791
+1%
|
802
+1%
|
803
+0%
|
831
+3%
|
847
+2%
|
842
-1%
|
837
-1%
|
832
-1%
|
860
+3%
|
872
+1%
|
851
-2%
|
762
-11%
|
796
+5%
|
830
+4%
|
940
+13%
|
1 118
+19%
|
1 134
+2%
|
1 118
-1%
|
1 125
+1%
|
1 134
+1%
|
1 160
+2%
|
1 179
+2%
|
1 228
+4%
|
1 253
+2%
|
1 266
+1%
|
1 253
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||
Operating Expenses |
(653)
|
(655)
|
(652)
|
(650)
|
(656)
|
(651)
|
(645)
|
(642)
|
(635)
|
(638)
|
(662)
|
(673)
|
(668)
|
(674)
|
(671)
|
(682)
|
(687)
|
(686)
|
(643)
|
(636)
|
(667)
|
(694)
|
(776)
|
(826)
|
(859)
|
(880)
|
(909)
|
(912)
|
(886)
|
(927)
|
(934)
|
(945)
|
(963)
|
|
Selling, General & Administrative |
(600)
|
(603)
|
(600)
|
(596)
|
(601)
|
(595)
|
(587)
|
(586)
|
(581)
|
(584)
|
(607)
|
(616)
|
(610)
|
(615)
|
(612)
|
(623)
|
(628)
|
(627)
|
(587)
|
(581)
|
(611)
|
(634)
|
(714)
|
(760)
|
(795)
|
(815)
|
(844)
|
(846)
|
(821)
|
(860)
|
(863)
|
(871)
|
(884)
|
|
Research & Development |
(46)
|
(46)
|
(46)
|
(47)
|
(48)
|
(50)
|
(50)
|
(49)
|
(47)
|
(47)
|
(48)
|
(50)
|
(52)
|
(52)
|
(52)
|
(52)
|
(52)
|
(52)
|
(50)
|
(48)
|
(49)
|
(48)
|
(50)
|
(54)
|
(55)
|
(57)
|
(58)
|
(58)
|
(56)
|
(57)
|
(60)
|
(61)
|
(65)
|
|
Depreciation & Amortization |
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(12)
|
(12)
|
(12)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(10)
|
(11)
|
(13)
|
(15)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
123
N/A
|
131
+7%
|
134
+2%
|
147
+9%
|
143
-2%
|
148
+3%
|
139
-6%
|
149
+7%
|
167
+12%
|
166
-1%
|
169
+2%
|
174
+3%
|
174
0%
|
163
-6%
|
161
-1%
|
179
+11%
|
186
+4%
|
165
-11%
|
118
-28%
|
160
+36%
|
163
+1%
|
246
+51%
|
342
+39%
|
309
-10%
|
260
-16%
|
245
-6%
|
225
-8%
|
248
+10%
|
293
+18%
|
301
+3%
|
319
+6%
|
322
+1%
|
289
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||
Interest Income Expense |
(93)
|
(62)
|
(63)
|
(64)
|
(55)
|
(44)
|
(35)
|
(23)
|
(13)
|
(15)
|
(12)
|
(11)
|
(20)
|
(20)
|
(21)
|
(21)
|
(19)
|
(17)
|
(18)
|
(17)
|
(16)
|
(15)
|
(13)
|
(10)
|
(8)
|
(5)
|
(6)
|
(9)
|
(25)
|
(22)
|
(31)
|
(36)
|
(45)
|
|
Non-Reccuring Items |
(2)
|
(2)
|
(2)
|
(3)
|
1
|
(1)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(12)
|
(13)
|
(13)
|
(27)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
3
|
(29)
|
(19)
|
(17)
|
1
|
6
|
8
|
5
|
(2)
|
(3)
|
(2)
|
(5)
|
(4)
|
(3)
|
(3)
|
(1)
|
(1)
|
(3)
|
(6)
|
(8)
|
(7)
|
(18)
|
(14)
|
(12)
|
(4)
|
(4)
|
(5)
|
(7)
|
(9)
|
(8)
|
(7)
|
(5)
|
(2)
|
|
Pre-Tax Income |
32
N/A
|
39
+20%
|
50
+29%
|
64
+28%
|
89
+39%
|
109
+23%
|
112
+3%
|
130
+16%
|
152
+17%
|
148
-3%
|
154
+4%
|
158
+2%
|
150
-5%
|
140
-7%
|
137
-3%
|
157
+15%
|
165
+5%
|
133
-19%
|
82
-39%
|
122
+50%
|
113
-7%
|
211
+87%
|
315
+49%
|
287
-9%
|
248
-14%
|
236
-5%
|
213
-10%
|
232
+9%
|
259
+12%
|
271
+4%
|
282
+4%
|
281
0%
|
242
-14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||
Tax Provision |
(28)
|
(26)
|
(30)
|
(35)
|
(40)
|
(45)
|
(42)
|
(44)
|
(36)
|
(29)
|
(29)
|
(35)
|
(36)
|
(34)
|
(31)
|
(29)
|
(41)
|
(36)
|
(19)
|
(26)
|
(13)
|
(33)
|
(58)
|
(55)
|
(64)
|
(57)
|
(48)
|
(54)
|
(54)
|
(54)
|
(59)
|
(54)
|
(43)
|
|
Income from Continuing Operations |
4
|
13
|
20
|
29
|
50
|
64
|
70
|
85
|
116
|
119
|
126
|
122
|
114
|
107
|
105
|
128
|
125
|
98
|
62
|
96
|
100
|
178
|
256
|
232
|
184
|
179
|
165
|
179
|
205
|
217
|
223
|
227
|
199
|
|
Income to Minority Interest |
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(3)
|
(1)
|
(0)
|
|
Net Income (Common) |
17
N/A
|
30
+77%
|
49
+65%
|
57
+17%
|
40
-30%
|
42
+7%
|
48
+14%
|
67
+38%
|
99
+48%
|
102
+3%
|
109
+7%
|
107
-2%
|
100
-6%
|
93
-7%
|
92
-2%
|
115
+25%
|
121
+6%
|
95
-21%
|
59
-38%
|
92
+57%
|
96
+4%
|
172
+79%
|
251
+46%
|
227
-10%
|
179
-21%
|
175
-2%
|
160
-8%
|
173
+8%
|
199
+15%
|
212
+6%
|
220
+4%
|
225
+3%
|
198
-12%
|
|
EPS (Diluted) |
0.23
N/A
|
0.54
+135%
|
1.94
+259%
|
2.38
+23%
|
0.62
-74%
|
0.57
-8%
|
0.64
+12%
|
0.89
+39%
|
1.32
+48%
|
1.36
+3%
|
1.45
+7%
|
1.4
-3%
|
1.32
-6%
|
1.22
-8%
|
1.21
-1%
|
1.51
+25%
|
1.6
+6%
|
1.26
-21%
|
0.78
-38%
|
1.23
+58%
|
1.28
+4%
|
2.29
+79%
|
3.34
+46%
|
3.02
-10%
|
2.38
-21%
|
2.36
-1%
|
2.17
-8%
|
2.39
+10%
|
2.75
+15%
|
3.08
+12%
|
3.2
+4%
|
3.34
+4%
|
2.94
-12%
|