Garmin Ltd. (GRMN)
NYSE: GRMN · Real-Time Price · USD
272.20
+0.02 (0.01%)
Sep 10, 2026, 4:00 PM EDT - Market closed
Garmin Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | 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 |
Net Income | 1,877 | 1,664 | 1,411 | 1,290 | 973.59 | 1,082 |
Depreciation & Amortization | 193.34 | 188.76 | 179.74 | 177.57 | 163.85 | 154.82 |
Loss (Gain) From Sale of Assets | 0.59 | 0.88 | -4.9 | 0.22 | -2.08 | 0.3 |
Loss (Gain) From Sale of Investments | 0.79 | 0.9 | 0.01 | 0.06 | 0.99 | -0.62 |
Stock-Based Compensation | 172.52 | 166 | 137.16 | 101.42 | 76.8 | 92.52 |
Other Operating Activities | 118.69 | 46.38 | -61.25 | -366.32 | -149.15 | 31.02 |
Change in Accounts Receivable | -156.52 | -222.81 | -196.26 | -129.12 | 167.34 | -19.11 |
Change in Inventory | -221.15 | -218.06 | -178.82 | 244.51 | -363.33 | -476.45 |
Change in Accounts Payable | 31.62 | -30.52 | 120.64 | 28.5 | -131.27 | 108.95 |
Change in Unearned Revenue | -3.81 | -11.84 | 2.22 | 10.41 | -2.38 | -7.38 |
Change in Income Taxes | -49.36 | -46.43 | 43.69 | -38.04 | 49.89 | 5.89 |
Change in Other Net Operating Assets | 14.96 | 96.22 | -21.2 | 57.41 | 4.02 | 40.29 |
Operating Cash Flow | 1,979 | 1,633 | 1,432 | 1,376 | 788.26 | 1,012 |
Operating Cash Flow Growth | 48.15% | 14.02% | 4.08% | 74.60% | -22.14% | -10.82% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | 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 |
Capital Expenditures | -379.1 | -270.45 | -193.57 | -193.52 | -244.29 | -307.65 |
Sale of Property, Plant & Equipment | - | - | - | - | - | 0.04 |
Cash Acquisitions | -176.68 | -175.66 | -16.44 | -150.85 | -13.46 | -20.18 |
Sale (Purchase) of Intangibles | - | - | - | - | - | -1.94 |
Investment in Securities | -239.77 | -199.46 | -198.35 | 12.69 | 112.12 | -145.64 |
Other Investing Activities | -0.25 | 0.32 | 15.03 | -1.29 | 0.5 | - |
Investing Cash Flow | -795.8 | -645.24 | -393.33 | -332.97 | -145.12 | -475.37 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | 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 |
Issuance of Common Stock | 60.39 | 58.01 | 49.96 | 44.06 | 62.22 | 35.73 |
Repurchase of Common Stock | -239.79 | -238.21 | -104.47 | -121.8 | -223.74 | -30.99 |
Common Dividends Paid | -722.18 | -663.89 | -572.36 | -558.77 | -679.1 | -491.46 |
Financing Cash Flow | -901.58 | -844.08 | -626.86 | -636.51 | -840.62 | -486.71 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | 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 |
Foreign Exchange Rate Adjustments | -19.5 | 55.16 | -26.28 | 7.46 | -21.45 | -10.25 |
Net Cash Flow | 262.06 | 199.21 | 386 | 414.24 | -218.93 | 40.1 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | 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 |
Free Cash Flow | 1,600 | 1,363 | 1,239 | 1,183 | 543.97 | 704.78 |
Free Cash Flow Growth | 41.98% | 10.01% | 4.75% | 117.43% | -22.82% | -25.80% |
Free Cash Flow Margin | 20.86% | 18.81% | 19.68% | 22.62% | 11.19% | 14.14% |
Free Cash Flow Per Share | 8.26 | 7.04 | 6.41 | 6.16 | 2.82 | 3.65 |
Levered Free Cash Flow | 1,044 | 790.87 | 977.27 | 871.09 | 310.68 | 389.23 |
Unlevered Free Cash Flow | 1,044 | 790.87 | 977.27 | 871.09 | 310.68 | 389.23 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | 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 Income Tax Paid | - | - | - | - | 177.02 | 122.78 |
Change in Working Capital | -384.27 | -433.45 | -229.72 | 173.67 | -275.73 | -347.81 |