Garmin Ltd. (GRMN)

Garmin Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Cash & Equivalents	2,009	1,693	1,279	1,498	1,458	1,028
Short-Term Investments	414.7	274.62	173.29	347.98	387.64	376.46
Cash & Short-Term Investments	2,424	1,968	1,452	1,846	1,846	1,404
Cash Growth	42.94%	35.50%	-21.32%	-0.00%	31.48%	1.39%
Accounts Receivable	922.03	815.24	656.85	843.45	849.47	706.76
Other Receivables	13.39	11.72	-	-	-	-
Receivables	935.42	826.96	656.85	843.45	849.47	706.76
Inventory	1,506	1,346	1,515	1,228	762.08	752.91
Prepaid Expenses	321.1	306.84	315.92	328.72	191.57	169.04
Other Current Assets	23.39	16.32	14.86	15.96	20.15	25.11
Total Current Assets	5,210	4,464	3,955	4,262	3,669	3,058
Property, Plant & Equipment	1,358	1,368	1,285	1,157	950.17	792.51
Long-Term Investments	1,107	1,125	1,208	1,269	1,131	1,205
Goodwill	611.88	608.47	567.99	575.08	584.21	467.11
Other Intangible Assets	168.23	186.6	178.46	215.99	244.36	192.52
Long-Term Deferred Tax Assets	787.85	754.64	441.07	260.21	245.46	268.52
Long-Term Deferred Charges	7.99	11.06	9.83	12.36	16.51	23.49
Other Long-Term Assets	97.96	85.65	85.26	103.38	190.15	159.32
Total Assets	9,348	8,604	7,731	7,854	7,031	6,167
Accounts Payable	374.03	253.79	212.42	370.05	258.89	240.83
Accrued Expenses	484.27	506.72	446.11	538.37	454.72	371.85
Current Portion of Leases	33.4	27.78	25.15	20.5	18.87	14.76
Current Income Taxes Payable	227.74	225.48	246.18	128.08	68.59	56.91
Current Unearned Revenue	113.05	101.19	91.09	87.65	86.87	94.56
Other Current Liabilities	346.19	195.74	190.68	303.49	276.29	257.02
Total Current Liabilities	1,579	1,311	1,212	1,448	1,164	1,036
Long-Term Leases	109.83	113.04	114.54	70.04	75.96	49.24
Long-Term Unearned Revenue	30.23	36.15	35.7	41.62	49.93	67.33
Long-Term Deferred Tax Liabilities	105	114.68	129.97	117.6	116.84	114.75
Other Long-Term Liabilities	17.47	16.96	34.99	62.86	108.3	106.05
Total Liabilities	1,841	1,592	1,527	1,740	1,515	1,373
Common Stock	19.49	19.59	17.98	17.98	17.98	17.98
Additional Paid-In Capital	2,218	2,125	2,042	1,961	1,880	1,836
Retained Earnings	5,564	5,264	4,734	4,321	3,754	3,229
Treasury Stock	-243.99	-330.91	-475.1	-303.11	-320.02	-345.04
Comprehensive Income & Other	-50.7	-65.61	-114.53	117.84	183.43	55.87
Shareholders' Equity	7,507	7,012	6,204	6,114	5,516	4,793
Total Liabilities & Equity	9,348	8,604	7,731	7,854	7,031	6,167
Total Debt	143.23	140.81	139.69	90.55	94.83	64
Net Cash (Debt)	3,387	2,952	2,521	3,024	2,882	2,546
Net Cash Growth	28.67%	17.11%	-16.63%	4.92%	13.24%	-6.24%
Net Cash Per Share	17.56	15.37	13.06	15.67	15.02	13.33
Filing Date Shares Outstanding	192.02	191.78	191.36	192.79	191.57	190.69
Total Common Shares Outstanding	192.14	191.78	191.62	192.61	191.57	190.69
Working Capital	3,631	3,153	2,744	2,814	2,505	2,022
Book Value Per Share	39.07	36.56	32.38	31.74	28.79	25.14
Tangible Book Value	6,726	6,217	5,458	5,323	4,688	4,134
Tangible Book Value Per Share	35.01	32.42	28.48	27.64	24.47	21.68
Land	-	201.29	193.86	206.9	124.65	112.27
Buildings	-	934.84	856.72	763.65	662.75	597.39
Machinery	-	1,119	1,001	917.56	800.41	696.34

Source: S&P Capital IQ. Standard template. Financial Sources.