Garmin Ltd
NASDAQ:GRMN
Balance Sheet
Balance Sheet Decomposition
Garmin Ltd
Current Assets | 4.5B |
Cash & Short-Term Investments | 2.2B |
Receivables | 694.7m |
Other Current Assets | 1.6B |
Non-Current Assets | 4.1B |
Long-Term Investments | 1.1B |
PP&E | 1.3B |
Intangibles | 778.3m |
Other Non-Current Assets | 861.7m |
Current Liabilities | 1.1B |
Accounts Payable | 243.1m |
Accrued Liabilities | 517.1m |
Other Current Liabilities | 357.2m |
Non-Current Liabilities | 270.4m |
Other Non-Current Liabilities | 270.4m |
Balance Sheet
Garmin Ltd
Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||
Cash & Cash Equivalents |
1 196
|
833
|
847
|
892
|
1 202
|
1 028
|
1 458
|
1 498
|
1 279
|
1 693
|
|
Cash Equivalents |
1 196
|
833
|
847
|
892
|
1 202
|
1 028
|
1 458
|
1 498
|
1 279
|
1 693
|
|
Short-Term Investments |
168
|
215
|
267
|
162
|
183
|
377
|
388
|
348
|
173
|
275
|
|
Total Receivables |
570
|
532
|
527
|
591
|
570
|
707
|
850
|
854
|
668
|
827
|
|
Accounts Receivables |
570
|
532
|
527
|
591
|
570
|
707
|
850
|
854
|
668
|
827
|
|
Other Receivables |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Inventory |
421
|
501
|
485
|
518
|
562
|
753
|
762
|
1 228
|
1 515
|
1 346
|
|
Other Current Assets |
156
|
131
|
137
|
184
|
149
|
194
|
212
|
334
|
320
|
323
|
|
Total Current Assets |
2 511
|
2 211
|
2 263
|
2 346
|
2 665
|
3 058
|
3 669
|
4 262
|
3 955
|
4 464
|
|
PP&E Net |
431
|
446
|
483
|
596
|
664
|
793
|
950
|
1 157
|
1 285
|
1 368
|
|
PP&E Gross |
431
|
446
|
483
|
596
|
664
|
793
|
950
|
1 157
|
1 285
|
1 368
|
|
Accumulated Depreciation |
429
|
463
|
497
|
567
|
610
|
677
|
732
|
821
|
905
|
1 031
|
|
Intangible Assets |
39
|
58
|
80
|
123
|
116
|
193
|
244
|
216
|
179
|
187
|
|
Goodwill |
179
|
188
|
225
|
287
|
301
|
467
|
584
|
575
|
568
|
608
|
|
Long-Term Investments |
1 407
|
1 343
|
1 213
|
1 260
|
1 330
|
1 206
|
1 131
|
1 269
|
1 208
|
1 125
|
|
Other Long-Term Assets |
126
|
253
|
261
|
337
|
307
|
451
|
452
|
376
|
536
|
851
|
|
Other Assets |
179
|
188
|
225
|
287
|
301
|
467
|
584
|
575
|
568
|
608
|
|
Total Assets |
4 693
N/A
|
4 499
-4%
|
4 525
+1%
|
4 948
+9%
|
5 383
+9%
|
6 167
+15%
|
7 031
+14%
|
7 854
+12%
|
7 731
-2%
|
8 604
+11%
|
|
Liabilities | |||||||||||
Accounts Payable |
149
|
179
|
172
|
170
|
205
|
241
|
259
|
370
|
212
|
254
|
|
Accrued Liabilities |
295
|
307
|
351
|
390
|
368
|
426
|
516
|
604
|
522
|
590
|
|
Short-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Current Liabilities |
589
|
380
|
259
|
233
|
349
|
369
|
389
|
474
|
477
|
467
|
|
Total Current Liabilities |
1 033
|
866
|
783
|
792
|
921
|
1 036
|
1 164
|
1 448
|
1 212
|
1 311
|
|
Long-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Deferred Income Tax |
40
|
56
|
61
|
77
|
93
|
115
|
117
|
118
|
130
|
115
|
|
Other Liabilities |
217
|
232
|
263
|
227
|
206
|
223
|
234
|
175
|
185
|
166
|
|
Total Liabilities |
1 290
N/A
|
1 154
-11%
|
1 107
-4%
|
1 096
-1%
|
1 220
+11%
|
1 373
+13%
|
1 515
+10%
|
1 740
+15%
|
1 527
-12%
|
1 592
+4%
|
|
Equity | |||||||||||
Common Stock |
1 797
|
1 797
|
18
|
18
|
18
|
18
|
18
|
18
|
18
|
20
|
|
Retained Earnings |
1 860
|
1 931
|
2 057
|
2 418
|
2 711
|
3 229
|
3 754
|
4 321
|
4 734
|
5 264
|
|
Additional Paid In Capital |
74
|
62
|
1 836
|
1 828
|
1 824
|
1 836
|
1 880
|
1 961
|
2 043
|
2 125
|
|
Unrealized Security Profit/Loss |
18
|
16
|
27
|
23
|
39
|
1
|
21
|
6
|
89
|
54
|
|
Treasury Stock |
330
|
415
|
456
|
469
|
398
|
345
|
320
|
303
|
475
|
331
|
|
Other Equity |
21
|
14
|
9
|
79
|
47
|
55
|
163
|
123
|
26
|
12
|
|
Total Equity |
3 403
N/A
|
3 345
-2%
|
3 418
+2%
|
3 852
+13%
|
4 163
+8%
|
4 794
+15%
|
5 516
+15%
|
6 114
+11%
|
6 204
+1%
|
7 012
+13%
|
|
Total Liabilities & Equity |
4 693
N/A
|
4 499
-4%
|
4 525
+1%
|
4 948
+9%
|
5 383
+9%
|
6 167
+15%
|
7 031
+14%
|
7 854
+12%
|
7 731
-2%
|
8 604
+11%
|
|
Shares Outstanding | |||||||||||
Common Shares Outstanding |
192
|
190
|
189
|
188
|
190
|
191
|
192
|
193
|
192
|
192
|