Callaway Golf Company (CALY) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Callaway Golf Company cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) from continuing operations → Net cash from operating activities: $80,500,000.00Net income (loss) from continuing operations → Operating adjustments reconciliation: $70,200,000.00Inventories → Operating adjustments reconciliation: $101,300,000.00Deferred taxes, net → Operating adjustments reconciliation: $47,900,000.00Loss from equity method investments → Operating adjustments reconciliation: $28,700,000.00Depreciation and amortization → Operating adjustments reconciliation: $20,300,000.00Share-based compensation → Operating adjustments reconciliation: $12,400,000.00Loss from debt extinguishment → Operating adjustments reconciliation: $9,800,000.00Income taxes receivable/payable, net → Operating adjustments reconciliation: $8,300,000.00Unrealized net losses (gains) on hedging instruments and foreign currency → Operating adjustments reconciliation: $2,000,000.00Impairment losses → Operating adjustments reconciliation: $1,800,000.00Amortization of debt discount and issuance costs → Operating adjustments reconciliation: $1,400,000.00Other liabilities → Operating adjustments reconciliation: $1,100,000.00Loss (gain) on asset disposals, net → Operating adjustments reconciliation: $600,000.00Lease assets and liabilities, net → Operating adjustments reconciliation: $500,000.00Operating adjustments reconciliation → Accounts receivable, net: $194,900,000.00Operating adjustments reconciliation → Accounts payable and accrued expenses: $70,500,000.00Operating adjustments reconciliation → Accrued employee compensation and benefits: $18,600,000.00Operating adjustments reconciliation → Other assets: $12,100,000.00Operating adjustments reconciliation → Deferred revenue: $5,600,000.00Operating adjustments reconciliation → Gain on investment from golf-related ventures: $4,600,000.00Proceeds from sale of business line, net of cash retained → investing reconciliation: $820,100,000.00Distributions from equity method investments → investing reconciliation: $5,600,000.00investing reconciliation → Net cash from investing activities: $806,700,000.00investing reconciliation → Capital expenditures: $18,400,000.00investing reconciliation → Investment in golf-related ventures: $600,000.00Net cash used in financing activities → financing reconciliation: $1,511,500,000.00financing reconciliation → Repayments of long-term debt: $1,426,300,000.00financing reconciliation → Acquisition of treasury stock: $84,500,000.00financing reconciliation → Repayments of financing leases: $700,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $903,500,000.00Net cash from operating activities → Cash sources and uses: $80,500,000.00Net cash from investing activities → Cash sources and uses: $806,700,000.00Cash sources and uses → Exchange-rate effect: $900,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $278,300,000.00Cash sources and uses → Net cash used in financing activities: $1,511,500,000.00Net income (loss) from continuing operations: $150,700,000.00Continuing ops income (loss)+$150.70 MDepreciation and amortization: $20,300,000.00Depreciation & amortization+$20.30 MLoss from equity method investments: $28,700,000.00Equity-method results+$28.70 MAmortization of debt discount and issuance costs: $1,400,000.00Debt cost amortization+$1.40 MImpairment losses: $1,800,000.00Asset impairments+$1.80 MGain on lease termination incentive: $0.00Deferred taxes, net: $47,900,000.00Deferred taxes & credits+$47.90 MShare-based compensation: $12,400,000.00Stock-based compensation+$12.40 MLoss from debt extinguishment: $9,800,000.00Debt extinguishment gain & loss+$9.80 MLoss (gain) on asset disposals, net: $600,000.00PP&E disposal gain & loss+$600.00 KUnrealized net losses (gains) on hedging instruments and foreign currency: $2,000,000.00Investment value change+$2.00 MGain on investment from golf-related ventures: -$4,600,000.00Realized investment gain & loss−$4.60 MOther: $0.00Accounts receivable, net: -$194,900,000.00Accounts receivable−$194.90 MInventories: $101,300,000.00Inventories+$101.30 MOther assets: -$12,100,000.00Other operating assets−$12.10 MAccounts payable and accrued expenses: -$70,500,000.00Payables & accrued liabilities−$70.50 MDeferred revenue: -$5,600,000.00Deferred revenue−$5.60 MAccrued employee compensation and benefits: -$18,600,000.00Accrued compensation−$18.60 MLease assets and liabilities, net: $500,000.00Lease assets & liabilities, net+$500.00 KIncome taxes receivable/payable, net: $8,300,000.00Income tax balances+$8.30 MOther liabilities: $1,100,000.00Other operating liabilities+$1.10 MNet cash provided by (used in) operating activities - discontinued operations: $0.00Net cash from operating activities: $80,500,000.00Operating cash+$80.50 MOperating adjustments reconciliation: $306,300,000.00Repayments of long-term debt: -$1,426,300,000.00Repayments of long-term debt−$1.43 BProceeds (repayments) on credit facilities, net: $0.00Debt issuance costs: $0.00Repayments of financing leases: -$700,000.00Finance lease payments−$700.00 KAcquisition of treasury stock: -$84,500,000.00Common stock repurchases−$84.50 MNet cash provided by (used in) financing activities - discontinued operations: $0.00Net cash used in financing activities: -$1,511,500,000.00. Cash required to fund net payments.Financing cash−$1.51 Bfinancing reconciliation: $1,511,500,000.00Capital expenditures: -$18,400,000.00PP&E purchases−$18.40 MInvestment in golf-related ventures: -$600,000.00Investment purchases−$600.00 KAcquisition of intangible assets: $0.00Distributions from equity method investments: $5,600,000.00Equity-method distributions+$5.60 MProceeds from sale of business line, net of cash retained: $820,100,000.00Business sales, net of cash+$820.10 MNet cash provided by (used in) investing activities - discontinued operations: $0.00Net cash from investing activities: $806,700,000.00Investing cash+$806.70 Minvesting reconciliation: $825,700,000.00Cash sources and uses: $1,790,700,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $903,500,000.00Beginning cash$903.50 MEnding cash: Cash, cash equivalents, and restricted cash: $278,300,000.00Ending cash$278.30 MExchange-rate effect: -$900,000.00FX effect−$900.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$62.10 MOperating cash − cash spent on PP&ECash flow / Net incomeUnavailableOperating cash flow ÷ net incomeNet cash change−$625.20 MEnding cash − beginning cash
Chart details

Callaway Golf Company cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
903,500,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
80,500,000 US dollars. Net cash provided.
Net income (loss) from continuing operations
150,700,000 US dollars
Depreciation and amortization
20,300,000 US dollars
Loss from equity method investments
28,700,000 US dollars
Amortization of debt discount and issuance costs
1,400,000 US dollars
Impairment losses
1,800,000 US dollars
Gain on lease termination incentive
0 US dollars
Deferred taxes, net
47,900,000 US dollars
Share-based compensation
12,400,000 US dollars
Loss from debt extinguishment
9,800,000 US dollars
Loss (gain) on asset disposals, net
600,000 US dollars
Unrealized net losses (gains) on hedging instruments and foreign currency
2,000,000 US dollars
Gain on investment from golf-related ventures
negative 4,600,000 US dollars
Other
0 US dollars
Accounts receivable, net
negative 194,900,000 US dollars
Inventories
101,300,000 US dollars
Other assets
negative 12,100,000 US dollars
Accounts payable and accrued expenses
negative 70,500,000 US dollars
Deferred revenue
negative 5,600,000 US dollars
Accrued employee compensation and benefits
negative 18,600,000 US dollars
Lease assets and liabilities, net
500,000 US dollars
Income taxes receivable/payable, net
8,300,000 US dollars
Other liabilities
1,100,000 US dollars
Net cash provided by (used in) operating activities - discontinued operations
0 US dollars
Investing activities
806,700,000 US dollars. Net cash provided.
Capital expenditures
negative 18,400,000 US dollars
Investment in golf-related ventures
negative 600,000 US dollars
Acquisition of intangible assets
0 US dollars
Distributions from equity method investments
5,600,000 US dollars
Proceeds from sale of business line, net of cash retained
820,100,000 US dollars
Net cash provided by (used in) investing activities - discontinued operations
0 US dollars
Financing activities
negative 1,511,500,000 US dollars. Net cash used.
Repayments of long-term debt
negative 1,426,300,000 US dollars
Proceeds (repayments) on credit facilities, net
0 US dollars
Debt issuance costs
0 US dollars
Repayments of financing leases
negative 700,000 US dollars
Acquisition of treasury stock
negative 84,500,000 US dollars
Net cash provided by (used in) financing activities - discontinued operations
0 US dollars
Operating adjustment reconciliation
306,300,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,511,500,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
825,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 900,000 US dollars
Ending cash on Jun 30, 2026
278,300,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,790,700,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 625,200,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Unavailable. Operating cash flow and reconciliation net income for the same period are required.
Operating cash flow
80,500,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
18,400,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
62,100,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $80.50M of net income directly to operating cash and $70.20M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 80,500,000 US dollars minus 18,400,000 US dollars equals 62,100,000 US dollars.
Callaway Golf Company (CALY) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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