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
Other Receivables	19.14	-	-	-	-
Receivables	1,272	983.4	815.24	656.85	843.45
Inventory	1,772	1,474	1,346	1,515	1,228
Prepaid Expenses	448.41	353.99	318.56	315.92	328.72
Other Current Assets	17.54	24.04	16.32	14.86	15.96
Total Current Assets	6,248	5,336	4,464	3,955	4,262
Property, Plant & Equipment	1,572	1,402	1,368	1,285	1,157
Long-Term Investments	1,397	1,198	1,125	1,208	1,269
Goodwill	760.24	603.95	608.47	567.99	575.08
Other Intangible Assets	198.36	154.16	181.15	178.46	215.99
Long-Term Deferred Tax Assets	718.09	822.52	754.64	441.07	260.21
Long-Term Deferred Charges	4.37	6.9	11.06	9.83	12.36
Other Long-Term Assets	95.92	106.97	91.11	85.26	103.38
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	607.96	508.19	506.72	446.11	538.37
Current Portion of Leases	31.15	27.9	27.78	25.15	20.5
Current Income Taxes Payable	381.55	294.58	225.48	246.18	128.08
Current Unearned Revenue	105.65	111	101.19	91.09	87.65
Other Current Liabilities	246.27	206.82	195.74	190.68	303.49
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
Long-Term Unearned Revenue	22.28	28.32	36.15	35.7	41.62
Long-Term Deferred Tax Liabilities	109.7	103.27	114.68	129.97	117.6
Other Long-Term Liabilities	4.22	7.79	16.96	34.99	62.86
Total Liabilities	2,021	1,782	1,592	1,527	1,740
Common Stock	19.49	19.49	19.59	17.98	17.98
Additional Paid-In Capital	2,369	2,247	2,125	2,042	1,961
Retained Earnings	6,970	5,999	5,264	4,734	4,321
Treasury Stock	-406.42	-270.52	-330.91	-475.1	-303.11
Comprehensive Income & Other	20.65	-147.24	-65.61	-114.53	117.84
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	195.99	162.79	140.81	139.69	90.55
Net Cash (Debt)	3,939	3,536	2,952	2,521	3,024
Net Cash Growth	11.38%	19.77%	17.11%	-16.63%	4.92%
Net Cash Per Share	20.34	18.30	15.37	13.06	15.67
Filing Date Shares Outstanding	192.48	192.4	191.78	191.36	192.79
Total Common Shares Outstanding	192.62	192.47	191.78	191.62	192.61
Working Capital	4,528	3,828	3,153	2,744	2,814
Book Value Per Share	46.58	40.78	36.56	32.38	31.74
Tangible Book Value	8,014	7,090	6,222	5,458	5,323
Tangible Book Value Per Share	41.61	36.84	32.45	28.48	27.64
Land	191.9	184.88	201.29	193.86	206.9
Buildings	1,110	982.49	934.84	856.72	763.65
Machinery	1,366	1,209	1,119	1,001	917.56

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