Company Information

  

Address: MUHLENTALSTRASSE 2  
City: SCHAFFHAUSEN 
State:  
Zip Code: CH-8200 
Telephone: 41 52 630 1600 

Description of Business

Primary SIC Code: 3812
(As filed with the SEC)  

This discussion of the business of Garmin Ltd. ("Garmin" or the "Company") should be read in conjunction with, and is qualified by reference to, "Management's Discussion and Analysis of Financial Condition and Results of Operations" under Item 7 herein and the information set forth in response to Item 101 of Regulation S-K in such Item 7 is incorporated herein by reference in partial response to this Item 1. Garmin has identified five reportable segments for external reporting purposes: auto, aviation, marine, outdoor and fitness. There are two operating segments (auto PND and auto OEM) that are not reported separately but are aggregated within the auto reportable segment. Each operating segment is individually reviewed and evaluated by our Chief Operating Decision Maker (CODM), who allocates resources and assesses performance of each segment individually.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20173.56NA14.33
03/20173.510.51014.56
12/20162.70NA17.96
09/20162.68NA17.95
06/20162.630.51016.13
03/20162.500.51015.98
12/20152.39NA15.55
09/20152.790.51012.86

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.37Total Liab/Total Assets0.24
Net Inc/Total Assets0.11Total Liab/Inv Cap0.30
Net Inc/Inv Cap0.14Total Liab/Comm Equity0.79
Pretax Inc/Net Sales0.21Interest Coverage RatioNA
Net Inc/Net Sales0.17Curr Debt/EquityNA
Cash Flow/Net Sales0.23LTD/EquityNA
SG&A/NetSales0.19Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover5.70Quick Ratio2.27
Inventory Turnover2.72Current Ratio2.89
Inventory Day Sales0.01Net Rec/Curr Assets0.23
Net Sales/Work Cap2.04Inv/Curr Assets0.21
Net Sales/PP&E6.25  

Income Statement (Millions)

  7/1/2017 4/1/2017 12/31/2016 9/24/2016
Total Revenues(Net Sales) 816.89 638.55 860.77 722.25
Cost of Goods Sold 339.03 266.42 389.99 316.27
Selling & Admin Exps 147.26 133.58 182.01 129.92
Operating Income 203.35 116.35 159.82 159.62
Interest Exp NA NA NA NA
Pretax Income 228.06 87.69 168.56 149.77
Other Income 24.71 -28.65 8.74 -9.85
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 170.95 237.81 136.61 125.05

Balance Sheet (Millions)

Assets 7/1/2017 4/1/2017 12/31/2016 9/24/2016
Cash & Short Term Investments 1,108.46 1,091.98 1,113.84 1,114.12
Receivables - Total 514.94 391.35 527.06 461.36
Inventories - Total 525.17 533.15 484.82 534.68
Total Current Assets 2,304.93 2,156.91 2,263.02 2,247.46
Net Property, Plant & Equipment 517.29 503.84 482.88 454.25
Total Assets 4,748.77 4,600.68 4,525.13 4,591.91
Liabilities        
Accounts Payable 782.91 431.01 636.17 773.61
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities 928.51 571.46 782.74 920.00
Long-Term Debt NA NA NA NA
Total Liabilities 1,264.33 898.62 1,107.13 1,229.68
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 17.98 17.98 17.98 17.98
Retained Earnings 2,083.08 2,294.65 2,056.70 1,919.85
Treasury Stock -496.34 -474.86 -455.96 -464.16
Total Stockholders' Equity 3,484.45 3,702.06 3,418.00 3,362.23
Total Liabilities and Stockholders' Equity 4,748.77 4,600.68 4,525.13 4,591.91

Cash Flow Summary (Millions)

Categories 7/1/2017 4/1/2017 12/31/2016 9/24/2016
Net Cash Provided by Operating Activities 143.43 120.40 213.32 212.99
Net Cash Provided by Investing Activities -5.41 -13.28 -45.60 8.55
Net Cash Provided by Financing Activities -121.56 -127.35 -217.52 -114.75

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20122,715.68542.402.76
12/20132,631.85612.413.12
12/20142,870.66364.211.88
12/20152,820.27456.232.39
12/20163,018.66510.812.70
Growth Rates2.68-1.49-0.55

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1742878,80241.98




Report Date : 10/16/2017

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