Garmin Ltd. · Schaffhausen Switzerland (NASDAQ: GRMN)
Key Garmin Ltd. Financials
| Company Type | Public -(NASDAQ: GRMN) Headquarters |
|---|---|
| Fiscal Year-End | December |
| 2010 Sales (mil.) | $2,689.9 |
| 2010 Employees | 8,897 |
Garmin Ltd. Income Statement
| Dec 10 | Dec 09 | Dec 08 | |
| Revenue | 2,689.9 | 2,946.4 | 3,494.1 |
| Cost of Goods Sold | 1,343.5 | 1,502.3 | 1,940.6 |
| Gross Profit | 1,346.4 | 1,444.1 | 1,553.5 |
| Gross Profit Margin | 50.1% | 49% | 44.5% |
| SG&A Expense | 432.4 | 419.7 | 485.4 |
| Depreciation & Amortization | 94.7 | 96.5 | 78.4 |
| Operating Income | 636.7 | 786.0 | 862.0 |
| Operating Margin | 23.7% | 26.7% | 24.7% |
| Nonoperating Income | (83.1) | (0.9) | 17.4 |
| Nonoperating Expenses | 23.7 | 23.5 | 34.9 |
| Income Before Taxes | 577.3 | 808.7 | 914.4 |
| Income Taxes | (7.3) | 104.7 | 181.5 |
| Net Income After Taxes | 584.6 | 703.9 | 732.8 |
| Continuing Operations | 584.6 | 704.0 | 732.8 |
| Discontinued Operations | -- | -- | -- |
| Total Operations | 584.6 | 704.0 | 732.8 |
| Total Net Income | 584.6 | 704.0 | 732.8 |
| Net Profit Margin | 21.7% | 23.9% | 21% |
| Diluted EPS from Total Net Income | 2.95 | 3.50 | 3.48 |
| Dividends per Share | 1.50 | 0.75 | 0.75 |
All amounts in millions of US Dollars except per share amounts.
Garmin Ltd. Balance Sheet
| Assets | Dec 10 | Dec 09 | Dec 08 |
| Current Assets | |||
| Cash | 1,260.9 | 1,091.6 | 696.3 |
| Net Receivables | 747.2 | 874.1 | 741.3 |
| Inventories | 387.6 | 309.9 | 425.3 |
| Other Current Assets | 103.0 | 118.2 | 121.5 |
| Total Current Assets | 2,498.8 | 2,393.9 | 1,984.4 |
| Net Fixed Assets | 427.8 | 441.3 | 445.3 |
| Other Noncurrent Assets | 1,062.1 | 990.7 | 494.9 |
| Total Assets | 3,988.7 | 3,825.9 | 2,924.6 |
| Liabilities | Dec 10 | Dec 09 | Dec 08 |
| Current Liabilities | |||
| Accounts Payable | 132.3 | 203.4 | 160.1 |
| Short-Term Debt | -- | -- | -- |
| Other Current Liabilities | 536.7 | 480.3 | 319.1 |
| Total Current Liabilities | 669.0 | 683.7 | 479.2 |
| Long-Term Debt | -- | -- | -- |
| Other Noncurrent Liabilities | 270.1 | 305.8 | 219.6 |
| Total Liabilities | 939.1 | 989.4 | 698.7 |
| Shareholder's Equity | |||
| Preferred Stock Equity | -- | -- | -- |
| Common Stock Equity | 3,049.6 | 2,836.4 | 2,225.9 |
| Total Equity | 3,049.6 | 2,836.4 | 2,225.9 |
| Shares Outstanding (thou.) | 194,358.0 | 200,274.0 | 202,540.3 |
All amounts in millions of US Dollars except per share amounts.
Garmin Ltd. Cash Flow Statement
| Dec 10 | Dec 09 | Dec 08 | |
| Net Operating Cash Flow | 771 | 1,094 | 862 |
| Net Investing Cash Flow | (72.9) | (547.9) | (56.3) |
| Net Financing Cash Flow | (510.8) | (161.2) | (808.1) |
| Net Change in Cash | 169.4 | 395.2 | (11.4) |
| Depreciation & Amortization | 94.7 | 96.5 | 78.4 |
| Capital Expenditures | (36.0) | (56.8) | (126.6) |
| Cash Dividends Paid | (298.9) | (149.8) | (150.3) |
All amounts in millions of US Dollars except per share amounts.