Garmin Ltd.George Town, Cayman Islands (NASDAQ (GS): GRMN)

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Garmin Income Statement

All amounts in millions of except per share amounts.
View: Annual | Quarterly
Dec 08 Dec 07 Dec 06
Revenue 3,494.1 3,180.3 1,774.0
Cost of Goods Sold 1,940.6 1,717.1 891.6
Gross Profit 1,553.5 1,463.3 882.4
Gross Profit Margin 44.5% 46.0% 49.7%
SG&A Expense 485.4 396.5 214.5
Depreciation & Amortization 78.4 64.0 44.5
Operating Income 915.0 978.5 594.6
Operating Margin 26.2% 30.8% 33.5%
Nonoperating Income 17.4 29.1 4.1
Nonoperating Expenses 34.9 -- --
Income Before Taxes 914.4 978.3 594.6
Income Taxes 181.5 123.3 80.4
Net Income After Taxes 732.8 855.0 514.1

Continuing Operations 732.8 855.0 514.1
Discontinued Operations -- -- --
Total Operations 732.8 855.0 514.1
Total Net Income 732.8 855.0 514.1
Net Profit Margin 21.0% 26.9% 29.0%

Diluted EPS from Total Net Income ($) 3.48 3.89 2.35
Dividends per Share 0.75 0.75 0.50
© 2009 Morningstar, Inc. Financial Data provided by Morningstar

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