GARMIN LTDGRMN

Market cap

$37B

P/E ratio

	Dec 25, 2010	Dec 31, 2011	Dec 29, 2012	Dec 28, 2013	Dec 27, 2014	Dec 26, 2015	Dec 31, 2016	Dec 30, 2017	Dec 29, 2018	Dec 28, 2019	Dec 26, 2020	Dec 25, 2021	Dec 31, 2022	Dec 30, 2023	Dec 28, 2024
Cash and cash equivalents	1,261	1,287	1,231	1,179	1,196	833	847	891	1,202	1,028	1,458	1,498	1,279	1,693	2,079
Marketable securities	-	-	-	-	-	-	-	-	-	376	388	348	173	275	421
Accounts Receivable, after Allowance for Credit Loss, Current	747	607	604	565	570	531	527	591	570	707	849	843	657	815	983
Inventories	388	398	390	382	420	501	485	518	562	753	762	1,228	1,515	1,346	1,474
Deferred costs	20	40	54	57	51	49	47	48	28	25	20	16	15	16	24
Prepaid expenses and other current assets	-	70	36	55	49	82	90	154	121	169	192	329	316	319	354
Total current assets	2,499	2,556	2,536	2,596	2,511	2,211	2,263	2,364	2,665	3,058	3,669	4,262	3,955	4,464	5,336
Property and equipment, net	428	417	410	415	431	446	483	596	664	729	856	1,067	1,147	1,224	1,237
Operating lease right-of-use assets	-	-	-	-	-	-	-	-	-	64	95	89	138	144	165
Noncurrent marketable securities	-	-	-	-	-	-	-	-	-	1,205	1,131	1,269	1,208	1,125	1,198
Deferred income tax assets	-	-	-	-	-	-	-	-	-	269	245	260	441	755	823
Noncurrent deferred costs	-	41	42	41	36	39	56	74	29	23	17	12	10	11	7
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	568	608	604
Other intangible assets, net	-	247	233	219	218	-	-	-	-	-	-	-	178	187	154
Other noncurrent assets	-	-	-	-	-	98	94	107	100	159	190	103	85	86	107
Total assets	3,989	4,471	4,819	4,880	4,693	4,499	4,525	5,010	5,383	6,167	7,031	7,854	7,731	8,604	9,631
Accounts payable	132	164	131	147	149	179	172	170	205	241	259	370	212	254	359
Salaries and benefits payable	49	46	56	60	63	71	89	103	113	128	182	211	176	190	211
Accrued warranty costs	50	47	37	27	28	30	37	37	38	40	43	45	51	56	62
Accrued sales program costs	-	52	57	51	59	68	81	93	90	113	110	122	98	99	108
Other accrued expenses	-	68	70	66	68	75	70	94	70	95	150	226	197	246	217
Deferred revenue	-	-	-	-	-	-	-	-	96	95	87	88	91	101	111
Income taxes payable	56	78	32	38	182	-	-	-	-	57	69	128	246	225	295
Dividend payable	-	78	176	176	185	193	96	96	200	217	234	258	140	140	144
Total current liabilities	669	858	909	905	1,033	866	783	829	921	1,036	1,164	1,448	1,212	1,311	1,508
Deferred income tax liabilities	-	-	-	-	-	-	-	-	-	115	117	118	130	115	103
Noncurrent income taxes payable	-	162	182	141	81	102	121	138	127	106	93	63	35	17	7
Noncurrent deferred revenue	-	-	-	-	-	-	-	-	77	67	50	42	36	36	28
Noncurrent operating lease liabilities	-	-	-	-	-	-	-	-	-	49	76	70	115	113	135
Other noncurrent liabilities	1	1	1	1	1	2	2	2	2	0	15	0	0	0	1
Common Stock, Value, Issued	1,797	1,797	1,797	1,797	1,797	1,797	-	18	18	18	18	18	18	20	19
Additional paid-in capital	-	-	-	-	-	62	1,836	1,828	1,824	1,836	1,880	1,961	2,042	2,125	2,247
Treasury shares (2,433 and 4,103 shares)	107	103	81	121	330	415	456	469	398	345	320	303	475	331	271
Retained earnings	1,265	1,414	1,605	1,866	1,860	1,931	2,057	2,369	2,711	3,229	3,754	4,321	4,734	5,264	5,999
Accumulated other comprehensive income (loss)	56	87	139	38	3	-30	-37	56	8	56	183	118	-115	-66	-147
Total stockholders’ equity	3,050	3,257	3,532	3,660	3,403	3,345	3,418	3,802	4,163	4,793	5,516	6,114	6,204	7,012	7,848
Total liabilities and stockholders’ equity	3,989	4,471	4,819	4,880	4,693	4,499	4,525	5,010	5,383	6,167	7,031	7,854	7,731	8,604	9,631