← GARMIN LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.0b | $3.1b | $3.3b | $3.8b | $4.2b | $5.0b | $4.9b | $5.2b | $6.3b | $7.2b | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $3.3b | — | — | — | — | — | — | — | |
| Cost of Revenue | $1.3b | $1.3b | $1.4b | $1.5b | $1.7b | $2.1b | $2.1b | $2.2b | $2.6b | $3.0b | |
| Gross Profit | $1.7b | $1.8b | $2.0b | $2.2b | $2.5b | $2.9b | $2.8b | $3.0b | $3.7b | $4.3b | |
| Operating Expenses | $1.1b | $1.1b | $1.2b | $1.3b | $1.4b | $1.7b | $1.8b | $1.9b | $2.1b | $2.4b | |
| Operating Income (Loss) | $623.9m | $668.9m | $778.3m | $945.6m | $1.1b | $1.2b | $1.0b | $1.1b | $1.6b | $1.9b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $14.3m | $20.9m | $21.8m | $26.2m | $34.8m | $35.5m | $30.6m | $30.5m | $30.7m | $32.4m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($31.7m) | ($22.6m) | ($7.6m) | ($16.8m) | $2.8m | ($45.3m) | ($11.3m) | $26.4m | ($20.6m) | $7.8m | |
| Interest Income, Other | — | — | — | $52.8m | $37.0m | $28.6m | $40.8m | $77.3m | $113.5m | $128.9m | |
| Investment Income, Interest | $33.4m | $36.9m | $47.1m | — | — | — | — | — | — | — | |
| Other Operating Income | $4.0m | ($912k) | $5.4m | $945.6m | $1.1b | $1.2b | $1.0b | $1.1b | $1.6b | $1.9b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $629.7m | $682.3m | $823.2m | — | — | $1.2b | $1.1b | $1.2b | $1.7b | $2.0b | |
| Net Income (Loss) Attributable to Parent | $510.8m | $695.0m | $694.1m | $952.5m | $992.3m | $1.1b | $973.6m | $1.3b | $1.4b | $1.7b | |
| Earnings Per Share, Basic | $2.71 | $3.70 | $3.68 | $5.01 | $5.19 | $5.63 | $5.06 | $6.74 | $7.35 | $8.65 | |
| Earnings Per Share, Diluted | $2.70 | $3.68 | $3.66 | $4.99 | $5.17 | $5.61 | $5.04 | $6.71 | $7.30 | $8.59 | |
| Common Stock, Dividends, Per Share, Declared | $2.71 | $3.70 | $3.68 | $5.01 | $2.44 | $2.68 | $5.06 | $6.74 | $7.35 | $8.65 | |
| Weighted Average Number of Shares Outstanding, Basic | 189k | 188k | 189k | 189.9m | 191.1m | 192.2m | 193k | 191k | 192.1m | 192.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | 189k | 189k | 190k | 190.9m | 191.9m | 193.0m | 193k | 192k | 193.3m | 193.6m | |
| Selling, General and Administrative Expense | $410.6m | $438.0m | $478.2m | $518.6m | $570.2m | $660.0m | $776.0m | $835.0m | $1.1b | $1.3b | |
| Other Nonoperating Income (Expense) | — | — | — | $5.6m | $9.3m | $4.9m | $7.6m | $4.5m | $8.5m | $1.7m | |
| Current Income Tax Expense (Benefit) | $117.8m | $79.2m | $93.4m | $123.1m | $104.5m | $130.0m | $233.8m | $250.4m | $373.6m | $268.1m | |
| Nonoperating Income (Expense) | $5.8m | $13.4m | $44.9m | $41.6m | $49.2m | ($11.8m) | $37.1m | $108.2m | $101.4m | $138.5m | |
| Research and Development Expense | $468.0m | $511.6m | $567.8m | $605.4m | $705.7m | $840.0m | $834.9m | $904.7m | $993.6m | $1.1b | |
| Income Tax Expense (Benefit) | $118.9m | ($12.7m) | $129.2m | $34.7m | $111.1m | $124.6m | $91.4m | ($89.3m) | $284.0m | $350.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.