Garmin Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Cash & Equivalents	2,279	2,079	1,693	1,279	1,498
Short-Term Investments	459.2	421.27	274.62	173.29	347.98
Cash & Short-Term Investments	2,738	2,501	1,968	1,452	1,846
Cash Growth	9.48%	27.07%	35.50%	-21.32%	-0.00%
Accounts Receivable	1,253	983.4	815.24	656.85	843.45
Inventory	1,772	1,474	1,346	1,515	1,228
Other Current Assets	485.1	378.03	334.87	330.78	344.68
Total Current Assets	6,248	5,336	4,464	3,955	4,262
Net Property, Plant & Equipment	1,572	1,402	1,368	1,285	1,157
Other Intangible Assets	198.36	154.16	186.6	178.46	215.99
Goodwill	760.24	603.95	608.47	567.99	575.08
Long-Term Investments	1,397	1,198	1,125	1,208	1,269
Other Long-Term Assets	818.39	936.39	851.34	536.16	375.95
Total Assets	10,994	9,631	8,604	7,731	7,854
Accounts Payable	347.49	359.37	253.79	212.42	370.05
Accrued Expenses	712.03	598.57	590.24	522.21	604.34
Unearned Revenue	105.65	111	101.19	91.09	87.65
Other Current Liabilities	554.9	438.93	365.47	385.91	386.11
Total Current Liabilities	1,720	1,508	1,311	1,212	1,448
Long-Term Leases	164.84	134.89	113.04	114.54	70.04
Other Long-Term Liabilities	136.2	139.39	167.79	200.65	222.08
Total Long-Term Liabilities	301.03	274.27	280.82	315.2	292.12
Total Liabilities	2,021	1,782	1,592	1,527	1,740
Common Stock	19.49	19.49	19.59	17.98	17.98
Treasury Stock	-406.42	-270.52	-330.91	-475.1	-303.11
Additional Paid-in Capital	2,369	2,247	2,125	2,042	1,961
Accumulated Other Comprehensive Income	20.65	-147.24	-65.61	-114.53	117.84
Retained Earnings	6,970	5,999	5,264	4,734	4,321
Shareholders' Equity	8,973	7,848	7,012	6,204	6,114
Total Liabilities & Equity	10,994	9,631	8,604	7,731	7,854
Total Debt	164.84	134.89	113.04	114.54	70.04
Net Cash (Debt)	2,573	2,366	1,855	1,338	1,776
Net Cash Growth	8.76%	27.54%	38.65%	-24.66%	0.33%
Net Cash Per Share	13.29	12.24	9.66	6.93	9.20
Book Value	8,973	7,848	7,012	6,204	6,114
Book Value Per Share	46.34	40.61	36.51	32.14	31.67
Tangible Book Value	8,014	7,090	6,217	5,458	5,323
Tangible Book Value Per Share	41.39	36.68	32.37	28.27	27.57

Updated Dec 27, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.