Garmin Ltd. (GRMN) - Quarterly Income Statement

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GRMN
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210.34 (USD) • At close November 7, 2024

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2012 Q4	2012 Q3	2012 Q2	2012 Q1	2011 Q4	2011 Q3	2011 Q2	2011 Q1	2010 Q4	2010 Q3	2010 Q2	2010 Q1	2009 Q4	2009 Q3	2009 Q2	2009 Q1	2008 Q4	2008 Q3	2008 Q2	2008 Q1	2007 Q4	2007 Q3	2007 Q2	2007 Q1	2006 Q4	2006 Q3	2006 Q2	2006 Q1	2005 Q4	2005 Q3	2005 Q2	2005 Q1	2004 Q4	2004 Q3	2004 Q2	2004 Q1	2003 Q4	2003 Q3	2003 Q2	2003 Q1	2002 Q4	2002 Q3	2002 Q2	2002 Q1	2001 Q4	2001 Q3	2001 Q2	2001 Q1	2000 Q4	2000 Q3	2000 Q2	2000 Q1
Revenue Numbers are in millions	1,586.022	1,506.671	1,381.649	1,482.501	1,277.531	1,320.795	1,147.424	1,306.356	1,140.434	1,240.833	1,172.662	1,391.589	1,191.973	1,326.905	1,072.327	1,351.405	1,109.194	869.867	856.108	1,102.233	934.383	954.84	766.05	932.108	810.011	894.452	710.872	888.496	743.077	816.885	638.546	860.767	722.25	811.609	624.04	781.357	679.69	773.83	585.394	803.306	706.283	777.848	583.221	759.694	643.637	696.563	531.957	768.548	672.376	718.154	556.597	909.644	666.993	674.099	507.834	837.715	692.364	728.765	431.067	1,059.383	781.254	669.104	436.699	1,048.247	870.355	911.671	663.805	1,217.021	728.673	742.466	492.159	611.224	407.997	432.468	322.311	319.296	251.329	264.497	192.651	220.948	193.616	189.655	158.329	170.144	135.562	143.495	123.788	133.694	107.756	122.838	100.856	93.021	86.93	103.634	85.534	85.662	86.693	86.693	86.693
Cost of Revenue Numbers are in millions	634.423	643.78	579.51	618.352	548.962	561.353	494.63	561.386	469.935	512.007	510.183	619.484	496.026	546.054	430.771	560.422	441.211	354.437	349.168	462.777	366.925	379.475	314.352	382.942	329.264	371.182	284.337	388.978	309.412	339.027	266.423	389.985	316.27	348.651	284.19	368.214	317.5	354.58	241.272	372.458	308.037	333.363	252.387	365.057	290.748	312.923	255.824	394.694	313.321	296.341	272.838	475.857	322.662	351.999	269.46	457.922	348.344	337.113	200.158	572.623	371.512	317.49	240.704	617.614	484.716	494.543	343.69	708.036	386.822	367.799	254.407	306.771	209.137	216.184	159.521	156.857	121.877	124.516	89.453	100.15	81.945	91.336	77.878	74.625	58.853	59.838	49.133	59.843	48.705	55.176	46.364	43.559	39.201	48.584	39.616	0	0	0	0
Gross Profit Numbers are in millions	951.599	862.891	802.139	864.149	728.569	759.442	652.794	744.97	670.499	728.826	662.479	772.105	695.947	780.851	641.556	790.983	667.983	515.43	506.94	639.456	567.458	575.365	451.698	549.166	480.747	523.27	426.535	499.518	433.665	477.858	372.123	470.782	405.98	462.958	339.85	413.143	362.19	419.25	344.122	430.848	398.246	444.485	330.834	394.637	352.889	383.64	276.133	373.854	359.055	421.813	283.759	433.787	344.331	322.1	238.374	379.793	344.02	391.652	230.909	486.76	409.742	351.614	195.995	430.633	385.639	417.128	320.115	508.985	341.851	374.667	237.752	304.453	198.86	216.284	162.79	162.439	129.452	139.981	103.198	120.798	111.671	98.319	80.451	95.519	76.709	83.657	74.655	73.851	59.051	67.662	54.492	49.462	47.729	55.05	45.918	85.662	86.693	86.693	86.693
Gross Profit Ratio Numbers are in millions	0.6	0.573	0.581	0.583	0.57	0.575	0.569	0.57	0.588	0.587	0.565	0.555	0.584	0.588	0.598	0.585	0.602	0.593	0.592	0.58	0.607	0.603	0.59	0.589	0.594	0.585	0.6	0.562	0.584	0.585	0.583	0.547	0.562	0.57	0.545	0.529	0.533	0.542	0.588	0.536	0.564	0.571	0.567	0.519	0.548	0.551	0.519	0.486	0.534	0.587	0.51	0.477	0.516	0.478	0.469	0.453	0.497	0.537	0.536	0.459	0.524	0.525	0.449	0.411	0.443	0.458	0.482	0.418	0.469	0.505	0.483	0.498	0.487	0.5	0.505	0.509	0.515	0.529	0.536	0.547	0.577	0.518	0.508	0.561	0.566	0.583	0.603	0.552	0.548	0.551	0.54	0.532	0.549	0.531	0.537	1	1	1	1
Reseach & Development Expenses Numbers are in millions	249.162	243.151	242.535	237.245	221.572	224.394	221.485	215.712	208.692	201.518	209.006	221.772	214.057	200.981	203.214	199.672	174.882	165.74	165.392	162.005	148.561	148.883	145.919	145.157	138.979	141.713	141.957	132.552	129.632	127.248	122.202	128.952	116.449	114.355	108.204	106.012	105.789	109.24	106.002	101.554	98.998	98.404	96.164	92.573	88.427	96.232	87.689	83.263	82.489	80.303	79.719	84.655	72.936	70.515	70.478	71.929	69.512	73.337	62.483	71.583	55.507	56.253	55.034	50.205	52.749	53.597	49.558	47.543	40.634	37.727	33.503	31.209	30.399	26.793	24.913	20.017	20.116	17.818	16.928	35.366	14.695	14.71	14.22	13.571	11.732	9.607	8.796	8.76	7.954	7.476	7.973	7.797	7.306	6.765	6.296	0	0	0	0
General & Administrative Expenses Numbers are in millions	0	0	0	225.19	201.47	204.349	203.98	204.421	189.546	191.211	190.784	174.09	162.515	165.759	157.622	158.91	142.134	132.016	137.186	138.28	124.769	128.738	126.781	125.942	114.669	120.5	117.065	128.88	101.794	105.251	102.051	114.312	96.959	103.677	95.61	104.555	94.057	97.552	98.75	99.119	90.632	92.409	89.873	94.671	86.462	88.039	86.269	94.026	86.402	99.246	90.116	93.383	88.751	85.896	73.187	79.445	66.869	73.832	67.678	70.741	71.499	62.186	59.777	0	67.785	66.701	59.696	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling & Marketing Expenses Numbers are in millions	0	0	0	61.26	35.158	46.344	30.347	57.662	32.888	43.357	34.133	61.124	36.705	42.939	31.061	61.135	33.866	29.285	26.88	62.648	32.668	41.523	27.615	55.394	31.14	43.549	25.311	58.71	32.449	42.009	31.525	67.702	32.956	44.252	32.233	56.814	36.887	45.794	27.672	54.175	33.112	34.918	24.428	34.922	26.251	29.483	22.249	46.806	30.102	38.258	23.591	55.66	35.31	34.098	19.956	43.77	41.002	42.44	17.4	52.42	45.853	34.023	23.225	0	50.742	58.327	38.129	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A Numbers are in millions	264.962	277.713	261.194	286.45	236.628	250.693	234.327	262.083	222.434	234.568	224.917	235.214	199.22	208.698	188.683	220.045	176	161.301	164.066	200.928	157.437	170.261	154.396	181.336	145.809	164.049	142.376	187.59	134.243	147.26	133.576	182.014	129.915	147.929	127.843	161.369	130.944	143.346	126.422	153.294	123.744	127.327	114.301	129.593	112.713	117.522	108.518	140.832	116.504	137.504	113.707	149.043	124.061	119.994	93.143	123.215	107.871	116.272	85.078	123.161	117.352	96.209	83.002	144.009	118.527	125.028	97.825	148.14	87.06	95.373	65.925	74.346	47.489	54.915	37.764	44.231	24.18	33.093	20.518	5.678	19.859	19.401	16.642	19.283	13.023	13.935	13.593	12.06	11.055	11.099	11.239	9.986	9.663	9.801	9.259	0	0	0	0
Other Expenses Numbers are in millions	514.124	-0.513	1.321	0.254	0.938	2.064	1.203	3.86	0.285	0.17	3.261	1.355	0.833	1.195	1.484	0.828	1.726	3.241	3.55	2.051	0.294	2.409	0.864	-1.426	1.147	4.918	0.735	-0.107	-1.52	0.314	0.4	1.093	1.344	0.415	1.155	8.711	2.01	-0.039	0.738	1.126	0.517	0.674	-0.484	5.051	1.438	1.069	1.158	0.219	0.942	2.581	1.541	0	0	2.453	0	0	0	0	0	155.521	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-216.448	0	0	0
Operating Expenses Numbers are in millions	514.124	520.864	503.729	523.695	458.2	475.087	455.812	477.795	431.126	436.086	433.923	456.986	413.277	409.679	391.897	419.717	350.882	327.041	329.458	362.933	305.998	319.144	300.315	326.493	284.788	305.762	284.333	320.142	263.875	274.508	255.778	310.966	246.364	262.284	236.047	267.381	236.733	252.586	232.424	254.848	222.742	225.731	210.465	222.166	201.14	213.754	196.207	224.095	198.993	217.807	193.426	233.698	196.997	190.509	163.621	195.144	177.383	189.609	147.561	194.744	172.859	152.462	138.036	194.214	171.276	178.625	147.383	195.683	127.694	133.1	99.428	105.555	77.888	81.708	62.677	64.248	44.296	50.911	37.446	41.044	34.554	34.111	30.862	32.854	24.755	23.542	22.389	20.82	19.009	18.575	19.212	17.783	16.969	16.566	15.555	-216.448	0	0	0
Operating Income Numbers are in millions	437.475	342.027	298.41	340.454	270.369	284.355	196.982	181.141	239.373	292.74	228.556	315.119	282.67	371.172	249.659	371.266	317.101	188.389	177.482	276.523	261.46	256.221	151.383	222.673	195.959	217.508	142.202	179.376	169.79	203.35	116.345	159.816	159.616	200.674	103.803	145.762	125.457	166.664	111.698	176	175.504	218.754	120.369	172.471	151.749	169.886	79.926	149.759	160.062	204.006	90.333	200.089	147.334	131.591	74.753	184.649	166.637	202.043	83.348	292.016	236.883	199.152	57.959	236.419	214.363	238.503	172.732	313.302	214.157	241.567	138.324	198.898	120.972	134.576	100.113	98.191	85.156	89.07	65.752	79.754	77.117	64.208	49.589	62.665	51.954	60.115	52.266	53.031	40.042	49.087	35.28	31.679	30.76	38.484	30.363	-130.786	86.693	86.693	86.693
Operating Income Ratio Numbers are in millions	0.276	0.227	0.216	0.23	0.212	0.215	0.172	0.139	0.21	0.236	0.195	0.226	0.237	0.28	0.233	0.275	0.286	0.217	0.207	0.251	0.28	0.268	0.198	0.239	0.242	0.243	0.2	0.202	0.228	0.249	0.182	0.186	0.221	0.247	0.166	0.187	0.185	0.215	0.191	0.219	0.248	0.281	0.206	0.227	0.236	0.244	0.15	0.195	0.238	0.284	0.162	0.22	0.221	0.195	0.147	0.22	0.241	0.277	0.193	0.276	0.303	0.298	0.133	0.226	0.246	0.262	0.26	0.257	0.294	0.325	0.281	0.325	0.297	0.311	0.311	0.308	0.339	0.337	0.341	0.361	0.398	0.339	0.313	0.368	0.383	0.419	0.422	0.397	0.372	0.4	0.35	0.341	0.354	0.371	0.355	-1.527	1	1	1
Total Other Income Expenses Net Numbers are in millions	48.775	23.945	28.63	19.742	-10.601	12.861	24.79	148.735	-19.106	-22.269	7.308	-13.287	-14.181	-6.131	-6.797	13.455	11.839	-1.252	-11.873	-2.179	-16.002	5.822	1.178	-5.637	-5.721	7.565	1.551	-8.879	7.059	15.424	-37.097	-0.555	-18.077	-5.328	-3.684	-0.577	32.583	-0.526	-43.526	17.093	-12.186	-19.704	12.33	22.309	0.616	28.52	-7.19	-3.679	-5.422	-5.19	-0.448	-24.456	19.238	-12.158	14.959	-33.594	38.584	-43.425	-44.704	-6.681	13.436	-4.501	-3.132	-40.17	-11.721	68.004	1.384	24.682	-3.056	-5.748	13.256	-9.754	14.944	2.791	-3.841	-9.05	36.248	-1.464	-10.841	-25.268	4.411	3.627	-7.607	4.445	-8.983	-2.64	-0.818	1.482	9.573	-8.911	-0.662	4.096	0.246	8.397	-0.98	0	0	0	0
Income Before Tax Numbers are in millions	486.25	365.972	327.04	383.037	279.571	315.976	221.772	329.876	220.267	278.966	235.864	308.837	275.386	372.059	250.514	391.465	336.717	197.592	177.635	287.413	257.767	275.778	166.265	231.873	201.327	236.068	153.98	180.491	186.056	228.055	87.692	168.557	149.765	203.801	107.547	152.543	164.891	173.558	76.196	199.896	172.662	208.72	142.467	204.539	160.8	206.585	81.634	154.91	162.627	207.436	99.556	185.127	175.036	127.072	96.926	156.424	210.916	164.409	45.523	292.208	256.679	199.841	59.924	204.347	211.412	316.163	182.443	348.103	222.626	246.637	160.907	199.55	145.536	145.9	103.569	95.61	126.127	29.052	58.81	57.589	83.91	69.845	43.868	69.095	44.694	59.058	53.096	54.513	50.764	41.586	35.872	37.565	33.502	49.066	31.901	0	0	0	0
Income Before Tax Ratio Numbers are in millions	0.307	0.243	0.237	0.258	0.219	0.239	0.193	0.253	0.193	0.225	0.201	0.222	0.231	0.28	0.234	0.29	0.304	0.227	0.207	0.261	0.276	0.289	0.217	0.249	0.249	0.264	0.217	0.203	0.25	0.279	0.137	0.196	0.207	0.251	0.172	0.195	0.243	0.224	0.13	0.249	0.244	0.268	0.244	0.269	0.25	0.297	0.153	0.202	0.242	0.289	0.179	0.204	0.262	0.189	0.191	0.187	0.305	0.226	0.106	0.276	0.329	0.299	0.137	0.195	0.243	0.347	0.275	0.286	0.306	0.332	0.327	0.326	0.357	0.337	0.321	0.299	0.502	0.11	0.305	0.261	0.433	0.368	0.277	0.406	0.33	0.412	0.429	0.408	0.471	0.339	0.356	0.404	0.385	0.473	0.373	0	0	0	0
Income Tax Expense Numbers are in millions	87.139	65.342	51.079	-159.09	22.328	28.037	19.445	36.604	9.419	21.093	24.272	22.702	16.347	55.062	30.485	57.918	23.3	13.412	16.455	-73.379	29.901	52.122	26.092	41.723	17.113	45.726	24.606	41.711	38.643	57.105	-150.12	31.952	24.711	42.737	19.455	20.16	45.592	35.805	9.403	-10.349	319.496	26.737	23.649	40.954	-26.869	34.094	-7.032	25.616	22.279	21.532	12.698	19.571	24.655	17.595	1.444	23.517	-68.636	29.593	8.194	13.8	41.546	37.97	11.386	46.614	40.168	60.071	34.664	40.836	29.119	32.26	21.047	19.205	22.558	22.614	16.053	8.476	23.637	17.858	11.409	9.988	16.782	13.53	9.212	14.51	9.386	11.812	11.602	9.05	12.336	9.44	9.111	9.521	8.501	12.463	8.102	-158.397	60.676	60.676	60.676
Net Income Numbers are in millions	399.111	300.63	275.961	542.127	257.243	287.939	202.327	293.272	210.848	257.873	211.592	286.136	259.039	316.997	220.029	333.548	313.417	184.18	161.18	360.791	227.866	223.656	140.173	190.15	184.214	190.342	129.374	138.78	151.074	176.979	238.404	136.605	125.054	161.064	88.092	132.383	119.299	137.753	66.793	210.245	-146.834	181.983	118.818	163.585	187.669	172.491	88.666	129.294	140.348	185.904	86.858	165.556	150.381	109.477	95.482	132.907	279.552	134.816	37.329	278.408	215.133	161.871	48.538	157.733	171.244	256.092	147.779	307.267	193.507	214.377	139.86	180.345	122.978	123.286	87.516	87.134	102.49	74.194	47.401	47.601	67.128	56.315	34.656	54.585	35.308	47.246	41.494	45.463	38.428	32.146	26.761	28.045	25.001	36.603	23.799	27.611	26.017	26.017	26.017
Net Income Ratio Numbers are in millions	0.252	0.2	0.2	0.366	0.201	0.218	0.176	0.224	0.185	0.208	0.18	0.206	0.217	0.239	0.205	0.247	0.283	0.212	0.188	0.327	0.244	0.234	0.183	0.204	0.227	0.213	0.182	0.156	0.203	0.217	0.373	0.159	0.173	0.198	0.141	0.169	0.176	0.178	0.114	0.262	-0.208	0.234	0.204	0.215	0.292	0.248	0.167	0.168	0.209	0.259	0.156	0.182	0.225	0.162	0.188	0.159	0.404	0.185	0.087	0.263	0.275	0.242	0.111	0.15	0.197	0.281	0.223	0.252	0.266	0.289	0.284	0.295	0.301	0.285	0.272	0.273	0.408	0.281	0.246	0.215	0.347	0.297	0.219	0.321	0.26	0.329	0.335	0.34	0.357	0.262	0.265	0.301	0.288	0.353	0.278	0.322	0.3	0.3	0.3
EPS Numbers are in millions	2.08	1.57	1.44	2.83	1.34	1.51	1.06	1.53	1.09	1.34	1.1	1.49	1.35	1.65	1.15	1.74	1.64	0.96	0.84	1.9	1.2	1.18	0.74	1.01	0.98	1.01	0.69	0.74	0.81	0.94	1.27	0.73	0.66	0.85	0.46	0.7	0.63	0.72	0.35	1.1	-0.76	0.94	0.61	0.84	0.96	0.88	0.45	0.66	0.72	0.95	0.45	0.85	0.77	0.56	0.49	0.68	1.44	0.68	0.19	1.38	1.07	0.81	0.24	0.78	0.83	1.2	0.68	1.39	0.89	0.99	0.65	0.82	0.57	0.57	0.2	0.4	0.24	0.34	0.11	0.22	0.31	0.26	0.08	0.25	0.17	0.22	0.095	0.21	0.18	0.15	0.063	0.13	0.12	0.17	0.11	0.13	0.065	0.065	0.065
EPS Diluted Numbers are in millions	2.07	1.56	1.43	2.82	1.34	1.5	1.05	1.53	1.09	1.33	1.09	1.48	1.34	1.64	1.14	1.73	1.63	0.96	0.84	1.89	1.19	1.17	0.74	1	0.97	1	0.68	0.73	0.8	0.94	1.26	0.72	0.66	0.85	0.46	0.7	0.63	0.72	0.35	1.09	-0.76	0.93	0.61	0.83	0.96	0.88	0.45	0.66	0.72	0.95	0.44	0.85	0.77	0.56	0.49	0.68	1.43	0.67	0.19	1.38	1.07	0.81	0.24	0.78	0.82	1.19	0.67	1.39	0.88	0.98	0.64	0.82	0.56	0.56	0.2	0.4	0.24	0.34	0.11	0.22	0.31	0.26	0.08	0.25	0.16	0.22	0.095	0.21	0.18	0.15	0.063	0.13	0.12	0.17	0.11	0.13	0.065	0.065	0.065
EBITDA Numbers are in millions	481.73	386.139	343.235	366.304	326.538	317.747	232.709	222.64	278.871	356.823	273.274	329.761	336.762	416.287	294.83	395.244	306.988	222.21	221.109	309.313	304.637	279.531	175.08	226.884	226.083	239.935	164.532	188.148	182.079	209.343	175.57	185.262	179.037	227.733	128.835	175.027	115.137	186.417	174.826	160.033	206.314	258.178	125.967	155.213	171.121	162.463	110.165	181.194	177.354	234.857	116.18	224.545	150.172	159.581	82.216	182.51	148.724	275.146	149.929	351.934	247.088	224.24	82.753	353.342	253.584	179.983	188.984	311.068	229.467	260.565	141.153	217.836	114.053	145.079	117.926	116.699	58.101	106.037	86.035	113.855	82.953	70.644	62.652	63.7	66.246	67.528	57.626	59.479	33.813	61.408	38.871	31.658	32.269	32.741	33.727	-130.786	86.693	86.693	86.693
EBITDA Ratio Numbers are in millions	0.304	0.256	0.248	0.247	0.256	0.241	0.203	0.17	0.245	0.288	0.233	0.237	0.283	0.314	0.275	0.292	0.277	0.255	0.258	0.281	0.326	0.293	0.229	0.243	0.279	0.268	0.231	0.212	0.245	0.256	0.275	0.215	0.248	0.281	0.206	0.224	0.169	0.241	0.299	0.199	0.292	0.332	0.216	0.204	0.266	0.233	0.207	0.236	0.264	0.327	0.209	0.247	0.225	0.237	0.162	0.218	0.215	0.378	0.348	0.332	0.316	0.335	0.189	0.337	0.291	0.197	0.285	0.256	0.315	0.351	0.287	0.356	0.28	0.335	0.366	0.365	0.231	0.401	0.447	0.515	0.428	0.372	0.396	0.374	0.489	0.471	0.466	0.445	0.314	0.5	0.385	0.34	0.371	0.316	0.394	-1.527	1	1	1

Garmin Ltd.

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