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
03/20183.100.51019.01
12/20173.68NA16.19
09/20173.67NA14.71
06/20173.56NA14.33
03/20173.510.51014.56
12/20162.70NA17.96
09/20162.68NA17.95
06/20162.630.51016.13

Key Financial Ratios and Statistics

FYE: 12/30

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.50Total Liab/Total Assets0.24
Net Inc/Total Assets0.14Total Liab/Inv Cap0.29
Net Inc/Inv Cap0.17Total Liab/Comm Equity0.88
Pretax Inc/Net Sales0.22Interest Coverage RatioNA
Net Inc/Net Sales0.23Curr Debt/EquityNA
Cash Flow/Net Sales0.21LTD/EquityNA
SG&A/NetSales0.20Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover5.52Quick Ratio2.23
Inventory Turnover2.60Current Ratio2.85
Inventory Day Sales0.01Net Rec/Curr Assets0.25
Net Sales/Work Cap2.01Inv/Curr Assets0.22
Net Sales/PP&E5.18  

Income Statement (Millions)

  3/31/2018 12/30/2017 9/30/2017 7/1/2017
Total Revenues(Net Sales) 710.87 888.50 743.08 813.92
Cost of Goods Sold 284.34 388.98 309.41 336.75
Selling & Admin Exps 142.38 187.59 134.24 147.26
Operating Income 142.20 179.38 169.79 202.67
Interest Exp NA NA NA NA
Pretax Income 153.98 180.49 186.06 227.37
Other Income 11.78 1.12 16.27 24.71
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 129.37 138.78 147.41 170.36

Balance Sheet (Millions)

Assets 3/31/2018 12/30/2017 9/30/2017 7/1/2017
Cash & Short Term Investments 1,066.73 1,053.18 1,144.98 1,108.46
Receivables - Total 409.70 590.88 457.39 514.94
Inventories - Total 547.41 517.64 575.34 525.17
Total Current Assets 2,191.28 2,363.93 2,332.47 2,304.93
Net Property, Plant & Equipment 604.81 595.68 554.44 517.29
Total Assets 4,855.22 5,010.26 4,835.39 4,748.77
Liabilities        
Accounts Payable 459.18 688.98 707.48 782.91
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities 557.84 828.66 846.05 928.51
Long-Term Debt NA NA NA NA
Total Liabilities 858.03 1,207.79 1,195.71 1,264.33
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 2,546.40 2,368.87 2,230.49 2,083.08
Treasury Stock -450.16 -468.82 -506.80 -496.34
Total Stockholders' Equity 3,997.19 3,802.47 3,639.69 3,484.45
Total Liabilities and Stockholders' Equity 4,855.22 5,010.26 4,835.39 4,748.77

Cash Flow Summary (Millions)

Categories 3/31/2018 12/30/2017 9/30/2017 7/1/2017
Net Cash Provided by Operating Activities 214.19 198.27 198.75 143.43
Net Cash Provided by Investing Activities -112.62 -105.45 -70.40 -5.41
Net Cash Provided by Financing Activities -100.78 -93.30 -106.20 -121.56

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20132,631.85612.413.12
12/20142,870.66364.211.88
12/20152,820.27456.232.39
12/20163,018.66510.812.70
12/20173,087.00694.963.68
Growth Rates4.073.214.21

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1847778,27141.52




Report Date : 7/16/2018

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