Garmin Ltd.
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cy…
Hardware, Equipment & Parts
CH, Schaffhausen [HQ]
GRMN/Financial Reporting
Income Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,946.00 | 2,689.00 | 2,758.00 | 2,715.00 | 2,631.00 | 2,870.00 | 2,820.00 | 3,018.00 | 3,087.00 | 3,347.00 | 3,757.00 | 4,186.00 | 4,982.00 | 4,860.00 | 5,228.00 | |
|
EPS
|
3.51 | 2.97 | 2.68 | 2.78 | 3.13 | 1.89 | 2.39 | 2.71 | 3.70 | 3.68 | 5.01 | 5.19 | 5.63 | 5.06 | 6.74 | |
| Diluted in mil. | 3.50 | 2.95 | 2.67 | 2.76 | 3.12 | 1.88 | 2.39 | 2.70 | 3.68 | 3.66 | 4.99 | 5.17 | 5.61 | 5.04 | 6.71 | |
|
Profit
|
1,444.00 | 1,346.00 | 1,338.00 | 1,438.00 | 1,407.00 | 1,604.00 | 1,538.00 | 1,679.00 | 1,783.00 | 1,979.00 | 2,233.00 | 2,481.00 | 2,890.00 | 2,806.00 | 3,004.00 | |
| Gross Margin | 49.01 | 50.05 | 48.52 | 52.97 | 53.47 | 55.89 | 54.56 | 55.64 | 57.76 | 59.14 | 59.45 | 59.27 | 58.01 | 57.75 | 57.48 | |
| Pre Tax | 808.00 | 577.00 | 584.00 | 624.00 | 653.00 | 723.00 | 567.00 | 629.00 | 682.00 | 823.00 | 987.00 | 1,103.00 | 1,206.00 | 1,064.00 | 1,200.00 | |
| Profit Margin | 27.45 | 21.46 | 21.18 | 23.00 | 24.83 | 25.21 | 20.11 | 20.86 | 22.10 | 24.59 | 26.27 | 26.36 | 24.22 | 21.91 | 22.96 | |
| ETR | 12.95 | -1.27 | 10.83 | 13.15 | 6.30 | 49.68 | 19.56 | 18.88 | -1.86 | 15.69 | 3.52 | 10.07 | 10.32 | 8.58 | -7.44 | |
| Net | 703.00 | 584.00 | 520.00 | 542.00 | 612.00 | 364.00 | 456.00 | 510.00 | 694.00 | 694.00 | 952.00 | 992.00 | 1,082.00 | 973.00 | 1,289.00 | |
| Profit Margin | 23.89 | 21.73 | 18.88 | 19.97 | 23.27 | 12.69 | 16.18 | 16.92 | 22.51 | 20.73 | 25.35 | 23.70 | 21.72 | 20.03 | 24.67 | |
| EBITDA | 879.00 | 756.00 | 650.00 | 714.00 | 617.00 | 771.00 | 651.00 | 741.00 | 777.00 | 882.00 | 1,068.00 | 1,178.00 | 1,418.00 | 1,202.00 | 1,243.00 | |
| EBITDA Margin | 29.86 | 28.12 | 23.59 | 26.32 | 23.45 | 26.89 | 23.10 | 24.58 | 25.19 | 26.35 | 28.44 | 28.14 | 28.47 | 24.75 | 23.78 | |
| Operating Income | 786.00 | 636.00 | 553.00 | 604.00 | 574.00 | 690.00 | 549.00 | 623.00 | 668.00 | 778.00 | 945.00 | 1,054.00 | 1,218.00 | 1,027.00 | 1,092.00 | |
| Operating Margin | 26.68 | 23.67 | 20.07 | 22.25 | 21.81 | 24.06 | 19.49 | 20.67 | 21.67 | 23.25 | 25.17 | 25.18 | 24.46 | 21.15 | 20.89 | |
| Interest Income | 23.00 | 24.00 | 32.00 | 35.00 | 35.00 | 35.00 | 29.00 | 33.00 | 36.00 | 47.00 | 52.00 | 37.00 | 28.00 | 40.00 | 77.00 | |
| Loss | -2,160.00 | -2,053.00 | -2,204.00 | -2,111.00 | -2,057.00 | -2,180.00 | -2,270.00 | -2,394.00 | -2,418.00 | -2,569.00 | -2,811.00 | -3,132.00 | -3,764.00 | -3,832.00 | -4,136.00 | |
| Cost of Revenue | -1,502.00 | -1,343.00 | -1,419.00 | -1,277.00 | -1,224.00 | -1,266.00 | -1,281.00 | -1,339.00 | -1,303.00 | -1,367.00 | -1,523.00 | -1,705.00 | -2,092.00 | -2,053.00 | -2,223.00 | |
|
Operating Expenses
|
-658.00 | -709.00 | -784.00 | -834.00 | -833.00 | -913.00 | -989.00 | -1,055.00 | -1,114.00 | -1,201.00 | -1,288.00 | -1,427.00 | -1,671.00 | -1,778.00 | -1,912.00 | |
| R&D | -238.00 | -277.00 | -298.00 | -325.00 | -364.00 | -395.00 | -427.00 | -467.00 | -511.00 | -567.00 | -605.00 | -705.00 | -840.00 | -834.00 | -904.00 | |
| G&A | -264.00 | -287.00 | -341.00 | -369.00 | -355.00 | -372.00 | -394.00 | -410.00 | -437.00 | -478.00 | -518.00 | -570.00 | -659.00 | -775.00 | -834.00 | |
| SG&A | -419.00 | -432.00 | -486.00 | -508.00 | -468.00 | -518.00 | -562.00 | -587.00 | -602.00 | -633.00 | -683.00 | -721.00 | -831.00 | -944.00 | -1,008.00 | |
| S&M | -155.00 | -144.00 | -145.00 | -138.00 | -112.00 | -146.00 | -167.00 | -177.00 | -164.00 | -155.00 | -164.00 | -151.00 | -171.00 | -168.00 | -173.00 | |
| Depreciation and Amortization | -96.00 | -94.00 | -94.00 | -90.00 | -78.00 | -77.00 | -78.00 | -86.00 | -86.00 | -96.00 | -106.00 | -126.00 | -154.00 | -163.00 | -177.00 | |
| Interest Expenses | -23.00 | -1.00 | -32.00 | -35.00 | -35.00 | -35.00 | -29.00 | -33.00 | -36.00 | - - | - - | - - | - - | -40.00 | - - | |
| Other Expenses | -2.00 | -83.00 | -2.00 | -14.00 | -44.00 | -2.00 | -12.00 | -27.00 | -23.00 | -2.00 | -41.00 | -49.00 | -11.00 | -37.00 | -30.00 | |
|
WA Shares Outstanding
|
200.00 | 196.00 | 194.00 | 194.00 | 195.00 | 193.00 | 190.00 | 188.00 | 187.00 | 188.00 | 189.00 | 191.00 | 192.00 | 192.00 | 191.00 | |
| Diluted | 201.00 | 198.00 | 194.00 | 196.00 | 196.00 | 194.00 | 191.00 | 189.00 | 188.00 | 189.00 | 190.00 | 191.00 | 193.00 | 193.00 | 192.00 |