← GARMIN LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $846.9m | $891.5m | $1.2b | $1.0b | $1.5b | $1.5b | $1.3b | $1.7b | $2.1b | $2.3b | |
| Prepaid Expense and Other Assets, Current | $89.9m | $153.9m | $120.5m | $169.0m | $191.6m | $328.7m | $315.9m | $318.6m | $354.0m | $467.6m | |
| Inventory, Net | $484.8m | $517.6m | $561.8m | $752.9m | $762.1m | $1.2b | $1.5b | $1.3b | $1.5b | $1.8b | |
| Assets, Current | $2.3b | $2.4b | $2.7b | $3.1b | $3.7b | $4.3b | $4.0b | $4.5b | $5.3b | $6.2b | |
| Property, Plant and Equipment, Net | $482.9m | $595.7m | $663.5m | $728.9m | $855.5m | $1.1b | $1.1b | $1.2b | $1.2b | $1.4b | |
| Goodwill | $224.6m | $287.0m | $301.0m | $467.1m | $584.2m | $575.1m | $568.0m | $608.5m | $603.9m | $760.2m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $63.6m | $94.6m | $89.5m | $138.0m | $143.7m | $164.7m | $196.2m | |
| Other Assets, Noncurrent | $94.4m | $107.4m | $100.3m | $159.3m | $189.8m | $103.4m | $85.3m | $85.7m | $107.0m | $95.9m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $527.1m | $590.9m | $569.8m | $706.8m | $849.5m | $843.4m | $656.8m | $815.2m | $983.4m | $1.3b | |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax | ($27.4m) | ($22.9m) | ($38.9m) | — | — | — | — | — | — | — | |
| Assets | $4.5b | $5.0b | $5.4b | $6.2b | $7.0b | $7.9b | $7.7b | $8.6b | $9.6b | $11.0b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts Payable, Current | $172.4m | $169.6m | $205.0m | $240.8m | $258.9m | $370.0m | $212.4m | $253.8m | $359.4m | $347.5m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $49.2m | $76.0m | $70.0m | $114.5m | $113.0m | $134.9m | $164.8m | |
| Deferred Revenue, Current | $146.6m | $139.7m | $96.4m | $94.6m | $86.9m | $87.7m | $91.1m | $101.2m | $111.0m | $105.6m | |
| Deferred Revenue, Noncurrent | $140.4m | $163.8m | $76.6m | $67.3m | $49.9m | $41.6m | $35.7m | $36.1m | $28.3m | $22.3m | |
| Dividends Payable, Current | $96.2m | $96.0m | $200.5m | $217.3m | $233.6m | $258.0m | $139.7m | $140.0m | $144.3m | $173.4m | |
| Liabilities, Current | $782.7m | $828.7m | $921.3m | $1.0b | $1.2b | $1.4b | $1.2b | $1.3b | $1.5b | $1.7b | |
| Deferred Income Tax Liabilities, Net | — | — | $92.9m | $114.8m | $116.8m | $117.6m | $130.0m | $114.7m | $103.3m | $109.7m | |
| Other Liabilities, Noncurrent | $1.6m | $1.8m | $1.9m | $278k | $15.5m | $324k | $360k | $436k | $776k | $625k | |
| Deferred Tax Liabilities, Net | $84.7m | $97.7m | $116.5m | $163.3m | $204.5m | $194.4m | $214.7m | $233.3m | $246.3m | $254.9m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | — | $18.0m | $18.0m | $18.0m | $18.0m | $18.0m | $18.0m | $19.6m | $19.5m | $19.5m | |
| Retained Earnings (Accumulated Deficit) | $2.1b | $2.4b | $2.7b | $3.2b | $3.8b | $4.3b | $4.7b | $5.3b | $6.0b | $7.0b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($36.8m) | $56.0m | $8.4m | $55.9m | $183.4m | $117.8m | ($114.5m) | ($65.6m) | ($147.2m) | $20.6m | |
| Additional Paid in Capital, Common Stock | $1.8b | $1.8b | $1.8b | $1.8b | $1.9b | $2.0b | $2.0b | $2.1b | $2.2b | $2.4b | |
| Stockholders' Equity Attributable to Parent | $3.4b | $3.8b | $4.2b | $4.8b | $5.5b | $6.1b | $6.2b | $7.0b | $7.8b | $9.0b | |
| Liabilities and Equity | $4.5b | $5.0b | $5.4b | $6.2b | $7.0b | $7.9b | $7.7b | $8.6b | $9.6b | $11.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.