$12.3 B

GRMN Mkt cap, 14-Dec-2018

$810 M

Garmin Revenue Q3, 2018
Garmin Gross profit (Q3, 2018)480.7 M
Garmin Gross profit margin (Q3, 2018), %59.4%
Garmin Net income (Q3, 2018)184.2 M
Garmin EBIT (Q3, 2018)196 M
Garmin Cash, 29-Sep-20181.1 B

Garmin Revenue

Garmin revenue was $3.09 b in FY, 2017 which is a 2.3% year over year increase from the previous period.

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Garmin Revenue Breakdown

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Garmin revenue breakdown by business segment: 16.2% from Aviation, 24.3% from Auto, 12.1% from Marine, 24.7% from Fitness and 22.6% from Outdoor

Garmin Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.9b2.8b3.0b3.1b

Revenue growth, %

9%(2%)7%2%

Cost of goods sold

1.3b1.3b1.3b1.3b

Gross profit

1.6b1.5b1.7b1.8b

Gross profit Margin, %

56%55%56%58%

Sales and marketing expense

146.6m167.2m177.1m164.7m

R&D expense

372.0m427.0m468.0m511.6m

General and administrative expense

395.1m394.9m410.6m438.0m

Operating expense total

913.8m989.1m1.1b1.1b

EBIT

690.6m549.6m623.9m668.9m

EBIT margin, %

24%19%21%22%

Interest income

35.6m29.7m33.4m36.9m

Pre tax profit

723.7m567.2m629.7m682.3m

Income tax expense

359.5m111.0m118.9m(12.7m)

Net Income

364.2m456.2m510.8m695.0m

Garmin Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.2b1.2b833.1m846.9m891.5m

Accounts Receivable

570.2m531.5m527.1m590.9m

Prepaid Expenses

48.6m81.6m89.9m153.9m

Inventories

382.2m48.6m500.6m484.8m517.6m

Current Assets

2.6b2.5b2.2b2.3b2.4b

PP&E

414.8m430.9m446.1m482.9m595.7m

Total Assets

4.9b4.7b4.5b4.5b5.0b

Accounts Payable

146.6m149.1m178.9m172.4m169.6m

Dividends Payable

185.3m193.0m96.2m96.0m

Short-term debt

Current Liabilities

905.3m1.0b866.0m782.7m828.7m

Long-term debt

Total Debt

Common Stock

1.8b1.8b18.0m18.0m

Additional Paid-in Capital

79.3m73.5m62.2m1.8b1.8b

Retained Earnings

1.9b1.9b1.9b2.1b2.4b

Total Equity

3.7b3.4b3.3b3.4b3.8b

Financial Leverage

1.3 x1.4 x1.3 x1.3 x1.3 x

Garmin Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

612.4m364.2m456.2m510.8m695.0m

Depreciation and Amortization

78.8m48.4m78.4m86.3m86.3m

Accounts Receivable

38.6m(27.0m)22.5m9.0m(40.1m)

Inventories

(17.6m)(76.0m)(121.7m)(2.5m)(38.6m)

Accounts Payable

18.0m9.0m36.1m(11.5m)(17.2m)

Cash From Operating Activities

630.1m522.7m280.5m705.7m660.8m

Purchases of PP&E

(56.1m)(73.3m)(80.6m)(91.0m)(139.7m)

Cash From Investing Activities

(274.4m)131.3m(112.0m)(121.5m)(194.5m)

Dividends Paid

(360.1m)(378.1m)(481.5m)(383.0m)

Cash From Financing Activities

(406.8m)(599.6m)(500.1m)(561.7m)(448.4m)

Net Change in Cash

17.1m(363.2m)13.8m44.6m

Interest Paid

Income Taxes Paid

73.4m175.5m252.9m115.5m106.1m

Garmin Ratios

USDY, 2018

Financial Leverage

1.3 x
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Garmin Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017

Patents Issued

880 950 1.05 k1.10 k

Trademarks

610 640 700 750
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Garmin Employee Rating

3.7678 votes
Culture & Values
3.7
Work/Life Balance
3.9
Senior Management
3.5
Salary & Benefits
3.8
Career Opportunities
3.4
Source