Garmin Ltd. (GRMN)

Garmin Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 28, 2026	Dec 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021
Net Income	1,736	1,664	1,411	1,290	973.59	1,082
Depreciation & Amortization	191.59	188.76	179.74	177.57	163.85	154.82
Stock-Based Compensation	171.55	166	137.16	101.42	76.8	92.52
Other Adjustments	103.2	48.16	-66.14	-366.04	-150.25	30.69
Change in Receivables	-134.11	-222.81	-196.26	-129.12	167.34	-19.11
Changes in Inventories	-210.89	-218.06	-178.82	244.51	-363.33	-476.45
Changes in Accounts Payable	-14.48	-30.52	120.64	28.5	-131.27	108.95
Changes in Income Taxes Payable	-136.38	-46.43	43.69	-38.04	49.89	5.89
Changes in Unearned Revenue	-8.17	-11.84	2.22	10.41	-2.38	-7.38
Changes in Other Operating Activities	50.04	96.22	-21.2	57.41	4.02	40.29
Operating Cash Flow	1,749	1,633	1,432	1,376	788.26	1,012
Operating Cash Flow Growth	23.32%	14.02%	4.08%	74.60%	-22.14%	-10.82%
Capital Expenditures	-297	-270.45	-193.57	-193.52	-244.29	-307.65
Sale of Property, Plant & Equipment	-	-	-	-	-	0.04
Purchases of Intangible Assets	-	-	-	-	-	-1.94
Purchases of Investments	-993.37	-839.85	-507.52	-170.68	-1,052	-1,509
Proceeds from Sale of Investments	699.5	640.4	309.17	183.37	1,164	1,363
Payments for Business Acquisitions	-173.56	-175.66	-16.44	-150.85	-13.46	-20.18
Other Investing Activities	-0.58	0.32	15.03	-1.29	0.5	-
Investing Cash Flow	-765	-645.24	-393.33	-332.97	-145.12	-475.37
Issuance of Common Stock	43.48	58.01	49.96	44.06	62.22	35.73
Repurchase of Common Stock	-264.38	-238.21	-104.47	-121.8	-223.74	-30.99
Net Common Stock Issued (Repurchased)	-220.9	-180.2	-54.5	-77.74	-161.52	4.75
Common Dividends Paid	-692.96	-663.89	-572.36	-558.77	-679.1	-491.46
Financing Cash Flow	-899.33	-844.08	-626.86	-636.51	-840.62	-486.71
Effect of Exchange Rate Changes on Cash and Cash Equivalents	30.21	55.16	-26.28	7.46	-21.45	-10.25
Net Cash Flow	114.44	199.21	386	414.24	-218.93	40.1
Free Cash Flow	1,452	1,363	1,239	1,183	543.97	704.78
Free Cash Flow Growth	6.50%	10.01%	4.75%	117.43%	-22.82%	-25.80%
FCF Margin	19.45%	18.81%	19.67%	22.62%	11.19%	14.14%
Free Cash Flow Per Share	7.50	7.04	6.41	6.16	2.82	3.65
Levered Free Cash Flow	1,311	1,372	1,364	1,576	450.09	600.67
Unlevered Free Cash Flow	1,498	2,293	2,203	2,543	416.14	611.28

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q