Garmin Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021	Dec '20 Dec 26, 2020
Cash & Equivalents	2,073	2,079	1,693	1,279	1,498	1,458
Short-Term Investments	466.79	421.27	274.62	173.29	347.98	387.64
Cash & Short-Term Investments	2,540	2,501	1,968	1,452	1,846	1,846
Cash Growth	4.77%	27.07%	35.50%	-21.32%	-0.00%	31.49%
Accounts Receivable	955.61	983.4	815.24	656.85	843.45	849.47
Other Receivables	16.81	14.81	-	-	-	-
Receivables	972.43	998.21	815.24	656.85	843.45	849.47
Inventory	1,888	1,474	1,346	1,515	1,228	762.08
Prepaid Expenses	393.49	339.19	318.56	315.92	328.72	191.57
Other Current Assets	17.47	24.04	16.32	14.86	15.96	20.15
Total Current Assets	5,811	5,336	4,464	3,955	4,262	3,669
Property, Plant & Equipment	1,484	1,402	1,368	1,285	1,157	950.17
Long-Term Investments	1,377	1,198	1,125	1,208	1,269	1,131
Goodwill	757.29	603.95	608.47	567.99	575.08	584.21
Other Intangible Assets	205.99	154.16	181.15	178.46	215.99	244.36
Long-Term Deferred Tax Assets	782.09	822.52	754.64	441.07	260.21	245.46
Long-Term Deferred Charges	4.83	6.9	11.06	9.83	12.36	16.51
Other Long-Term Assets	101.12	106.97	91.11	85.26	103.38	190.15
Total Assets	10,523	9,631	8,604	7,731	7,854	7,031
Accounts Payable	378.02	359.37	253.79	212.42	370.05	258.89
Accrued Expenses	515.01	508.19	506.72	446.11	538.37	454.72
Current Portion of Leases	42.8	27.9	27.78	25.15	20.5	18.87
Current Income Taxes Payable	293.48	294.58	225.48	246.18	128.08	68.59
Current Unearned Revenue	104.98	111	101.19	91.09	87.65	86.87
Other Current Liabilities	418.01	206.82	195.74	190.68	303.49	276.29
Total Current Liabilities	1,752	1,508	1,311	1,212	1,448	1,164
Long-Term Leases	155.77	134.89	113.04	114.54	70.04	75.96
Long-Term Unearned Revenue	23.19	28.32	36.15	35.7	41.62	49.93
Long-Term Deferred Tax Liabilities	109.04	103.27	114.68	129.97	117.6	116.84
Other Long-Term Liabilities	4.34	7.79	16.96	34.99	62.86	108.3
Total Liabilities	2,045	1,782	1,592	1,527	1,740	1,515
Common Stock	19.49	19.49	19.59	17.98	17.98	17.98
Additional Paid-In Capital	2,360	2,247	2,125	2,042	1,961	1,880
Retained Earnings	6,442	5,999	5,264	4,734	4,321	3,754
Treasury Stock	-392.74	-270.52	-330.91	-475.1	-303.11	-320.02
Comprehensive Income & Other	49.99	-147.24	-65.61	-114.53	117.84	183.43
Shareholders' Equity	8,478	7,848	7,012	6,204	6,114	5,516
Total Liabilities & Equity	10,523	9,631	8,604	7,731	7,854	7,031
Total Debt	198.57	162.79	140.81	139.69	90.55	94.83
Net Cash (Debt)	3,718	3,536	2,952	2,521	3,024	2,882
Net Cash Growth	9.75%	19.77%	17.11%	-16.63%	4.92%	13.24%
Net Cash Per Share	19.19	18.30	15.37	13.06	15.67	15.02
Filing Date Shares Outstanding	192.33	192.4	191.78	191.36	192.79	191.57
Total Common Shares Outstanding	192.38	192.47	191.78	191.62	192.61	191.57
Working Capital	4,059	3,828	3,153	2,744	2,814	2,505
Book Value Per Share	44.07	40.78	36.56	32.38	31.74	28.79
Tangible Book Value	7,515	7,090	6,222	5,458	5,323	4,688
Tangible Book Value Per Share	39.06	36.84	32.45	28.48	27.64	24.47
Land	-	184.88	201.29	193.86	206.9	124.65
Buildings	-	982.49	934.84	856.72	763.65	662.75
Machinery	-	1,209	1,119	1,001	917.56	800.41

Source: S&P Global Market Intelligence. Standard template. Financial Sources.