Garmin Ltd. (GRMN)

Garmin Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Cash & Equivalents	2,079	1,693	1,279	1,498	1,458
Short-Term Investments	421.27	274.62	173.29	347.98	387.64
Cash & Short-Term Investments	2,501	1,968	1,452	1,846	1,846
Cash Growth	27.07%	35.50%	-21.32%	-0.00%	31.48%
Accounts Receivable	983.4	815.24	656.85	843.45	849.47
Other Receivables	14.81	-	-	-	-
Receivables	998.21	815.24	656.85	843.45	849.47
Inventory	1,474	1,346	1,515	1,228	762.08
Prepaid Expenses	339.19	318.56	315.92	328.72	191.57
Other Current Assets	24.04	16.32	14.86	15.96	20.15
Total Current Assets	5,336	4,464	3,955	4,262	3,669
Property, Plant & Equipment	1,402	1,368	1,285	1,157	950.17
Long-Term Investments	1,198	1,125	1,208	1,269	1,131
Goodwill	603.95	608.47	567.99	575.08	584.21
Other Intangible Assets	154.16	181.15	178.46	215.99	244.36
Long-Term Deferred Tax Assets	822.52	754.64	441.07	260.21	245.46
Long-Term Deferred Charges	6.9	11.06	9.83	12.36	16.51
Other Long-Term Assets	106.97	91.11	85.26	103.38	190.15
Total Assets	9,631	8,604	7,731	7,854	7,031
Accounts Payable	359.37	253.79	212.42	370.05	258.89
Accrued Expenses	508.19	506.72	446.11	538.37	454.72
Current Portion of Leases	27.9	27.78	25.15	20.5	18.87
Current Income Taxes Payable	294.58	225.48	246.18	128.08	68.59
Current Unearned Revenue	111	101.19	91.09	87.65	86.87
Other Current Liabilities	206.82	195.74	190.68	303.49	276.29
Total Current Liabilities	1,508	1,311	1,212	1,448	1,164
Long-Term Leases	134.89	113.04	114.54	70.04	75.96
Long-Term Unearned Revenue	28.32	36.15	35.7	41.62	49.93
Long-Term Deferred Tax Liabilities	103.27	114.68	129.97	117.6	116.84
Other Long-Term Liabilities	7.79	16.96	34.99	62.86	108.3
Total Liabilities	1,782	1,592	1,527	1,740	1,515
Common Stock	19.49	19.59	17.98	17.98	17.98
Additional Paid-In Capital	2,247	2,125	2,042	1,961	1,880
Retained Earnings	5,999	5,264	4,734	4,321	3,754
Treasury Stock	-270.52	-330.91	-475.1	-303.11	-320.02
Comprehensive Income & Other	-147.24	-65.61	-114.53	117.84	183.43
Shareholders' Equity	7,848	7,012	6,204	6,114	5,516
Total Liabilities & Equity	9,631	8,604	7,731	7,854	7,031
Total Debt	162.79	140.81	139.69	90.55	94.83
Net Cash (Debt)	3,536	2,952	2,521	3,024	2,882
Net Cash Growth	19.77%	17.11%	-16.63%	4.92%	13.24%
Net Cash Per Share	18.30	15.37	13.06	15.67	15.02
Filing Date Shares Outstanding	192.4	191.78	191.36	192.79	191.57
Total Common Shares Outstanding	192.47	191.78	191.62	192.61	191.57
Working Capital	3,828	3,153	2,744	2,814	2,505
Book Value Per Share	40.78	36.56	32.38	31.74	28.79
Tangible Book Value	7,090	6,222	5,458	5,323	4,688
Tangible Book Value Per Share	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 Capital IQ. Standard template. Financial Sources.