Callaway 1997 Annual Report Download - page 2

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1
FI N A N C I A L HI G H L I G H TS
Net Sa l e s (in millions) Net In c o m e (in millions)
93 94
95 96 97
$255
$449
$553
$679
$843
93 94
95 96 97
$43
$78
$98
$122
$133
(in thousands, except per share data) 1993 1994 1995 1996 1997
Net sales $254,645 $448,729 $553,287 $678,512 $842,927
Pretax income $69,600 $129,405 $158,401 $195,595 $213,765
Estimated U.S. ranking within industry—$ sales** 1st 1st 1st 1st 1st
Pretax income as a percent of sales 27% 29% 29% 29% 25%
Net income $42,862*$78,022 $97,736 $122,337 $132,704
Net income as percent of sales 17%*17% 18% 18% 16%
Basic earnings per share*** $0.68*$1.14 $1.47 $1.83 $1.94
Diluted earnings per share*** $0.62*$1.07 $1.40 $1.73 $1.85
Shareholders’ equity $116,577 $186,414 $224,934 $362,267 $481,425
Market capitalization at December 31 $901,910 $1,127,823 $1,604,741 $2,094,588 $2,120,813
*Includes cumulative effect of an accounting change of $1,658
**Estimated by Golf Pro Magazine
***Adjusted for all stock splits