Company Growth (employees)
Garmin was founded in 1989 and is headquartered in Olathe, US
Key People at Garmin
Min Kao
Chairman and CEO
Clifton Pemble
President and chief operating officer
Doug Boessen
Chief Financial Officer and Treasurer
Garmin Office Locations
Garmin has offices in Olathe, Southampton, Xizhi District, Salem and in 16 other locations
Olathe, US (HQ)
1200 E 151st St
Salem, US
2345 Turner Rd Se
Xizhi District, TW
Zhangshu 2nd Rd
Southampton, GB
Liberty House, Bulls Copse Road, Hounsdown Business Park
Garmin Data and Metrics
Garmin Financial Metrics
Garmin's revenue was reported to be $3 b in FY, 2016 which is a 7% increase from the previous period.
$, USD
Revenue (FY, 2016) | 3 b |
Revenue growth (FY, 2015 - FY, 2016), % | 7% |
Gross profit (FY, 2016) | 1.7 b |
Gross profit margin (FY, 2016), % | 56% |
Net income (FY, 2016) | 510.8 m |
EBIT (FY, 2016) | 623.9 m |
Market capitalization (23-Jun-2017) | 9.7 b |
Closing share price (23-Jun-2017) | 51.4 |
Cash (31-Dec-2016) | 846.9 m |
Garmin's current market capitalization is $9.7 b.
- Source: Company Filings
| $, USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|
Revenue | 2.6 b | 2.9 b | 2.8 b | 3 b | |||
Revenue growth, % | 9% | (2%) | 7% | ||||
Cost of goods sold | 1.3 b | 1.4 b | 1.3 b | 1.2 b | 1.3 b | 1.3 b | 1.3 b |
Gross profit | 1.4 b | 1.6 b | 1.5 b | 1.7 b | |||
Gross profit Margin, % | 53% | 56% | 55% | 56% | |||
Operating expense total | 833.3 m | 913.8 m | 989.1 m | 1.1 b | |||
EBIT | 574 m | 690.6 m | 549.6 m | 623.9 m | |||
EBIT margin, % | 22% | 24% | 19% | 21% | |||
Interest expense | 1.2 m | ||||||
Interest income | 29.7 m | 33.4 m | |||||
Pre tax profit | 567.2 m | 629.7 m | |||||
Income tax expense | 111 m | 118.9 m | |||||
Net Income | 612.4 m | 364.2 m | 456.2 m | 510.8 m |
- Source: Company Filings
| $, USD | Y, 2009 | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | Y, 2014 | Y, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|---|
Cash | 1.1 b | 1.3 b | 1.3 b | 1.2 b | 1.2 b | 1.2 b | 833.1 m | 846.9 m |
Inventories | 55.2 m | 48.6 m | 81.6 m | 89.9 m | ||||
Current Assets | 2.6 b | 2.5 b | 2.2 b | 2.3 b | ||||
PP&E | 414.8 m | 430.9 m | ||||||
Total Assets | 4.9 b | 4.7 b | 4.5 b | 4.5 b | ||||
Accounts Payable | 146.6 m | 149.1 m | 178.9 m | 172.4 m | ||||
Current Liabilities | 905.3 m | 1 b | 866 m | 782.7 m | ||||
Additional Paid-in Capital | 79.3 m | 73.5 m | 62.2 m | 1.8 b | ||||
Retained Earnings | 1.9 b | 1.9 b | 1.9 b | 2.1 b | ||||
Total Equity | 3.7 b | 3.4 b | 3.3 b | 3.4 b | ||||
Financial Leverage | 1.3 x | 1.4 x | 1.3 x | 1.3 x |
| $, USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 612.4 m | 364.2 m | 456.2 m | 510.8 m |
Depreciation and Amortization | 48.5 m | 48.4 m | 51.3 m | 55.8 m |
Accounts Receivable | 38.6 m | (27 m) | 22.5 m | 9 m |
Inventories | (18 m) | (76 m) | (120 m) | (2.5 m) |
Accounts Payable | 18 m | 9 m | 36.1 m | (11.5 m) |
Cash From Operating Activities | 630.1 m | 522.7 m | 280.5 m | 705.7 m |
Purchases of PP&E | (56.1 m) | (73.3 m) | (80.6 m) | (91 m) |
Cash From Investing Activities | (274.4 m) | 131.3 m | (112 m) | (121.5 m) |
Cash From Financing Activities | (406.8 m) | (599.6 m) | (500.1 m) | (561.7 m) |
Income Taxes Paid | 73.4 m | 175.5 m | 252.9 m | 115.5 m |
| $, USD | Y, 2016 |
|---|---|
Revenue/Employee | 259.7 k |
Financial Leverage | 1.3 x |
