GOLF: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	2.56bn	2.46bn
Cost of revenue	1.34bn	1.27bn
Gross profit	1.22bn	1.19bn
Research and development	77m	68m
Selling, general and administrative	833m	802m
Operating income	299m	304m
Pre-tax income	240m	250m
Income tax	52m	48m
Net income	189m	214m
Earnings per share	3.13	3.38
Earnings per share, diluted	3.11	3.37
Weighted average shares	60m	63m
Weighted average shares, diluted	61m	64m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	52m	50m	89m	60m	41m	53m	99m	80m
Receivables	505m	217m	363m	429m	477m	218m	368m	412m
Inventory	577m	609m	514m	534m	538m	576m	498m	483m
Current assets	1.30bn	1.03bn	1.11bn	1.16bn	1.19bn	974m	1.09bn	1.09bn
Goodwill	223m	224m	225m	225m	222m	220m	225m	222m
Total assets	2.60bn	2.34bn	2.35bn	2.40bn	2.40bn	2.18bn	2.28bn	2.27bn
Current liabilities	452m	430m	461m	515m	538m	473m	516m	479m
Short-term debt	650,000	661,000	726,000	751,000	751,000	722,000	788,000	713,000
Long-term debt	1.12bn	926m	878m	911m	926m	753m	708m	728m
Total liabilities	1.77bn	1.56bn	1.50bn	1.58bn	1.62bn	1.38bn	1.38bn	1.37bn
Equity	825m	784m	852m	809m	780m	765m	899m	899m
Shares outstanding	—	58m	59m	60m	61m	61m	62m	63m
Shares issued	59m	58m	59m	60m	61m	61m	62m	63m
Treasury shares	—	—	—	—	—	—	493,040	587,520

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	194m	245m
Depreciation and amortisation	55m	56m
Share-based compensation	29m	31m
Capital expenditure	74m	75m
Investing cash flow	−74m	−75m
Dividends paid	56m	54m
Share buybacks	212m	173m
Financing cash flow	−125m	−180m