Garmin Balance Sheet (2009-2025) | GRMN

Balance Sheet Mar2009 Jun2009 Sep2009 Dec2009 Mar2010 Jun2010 Sep2010 Dec2010 Mar2011 Jun2011 Sep2011 Dec2011 Mar2012 Jun2012 Sep2012 Dec2012 Mar2013 Jun2013 Sep2013 Dec2013 Mar2014 Jun2014 Sep2014 Dec2014 Mar2015 Mar2016 Jun2016 Sep2016 Dec2016 Apr2017 Jul2017 Sep2017 Dec2017 Mar2018 Jun2018 Sep2018 Dec2018 Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Apr2023 Jul2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Assets
Current Assets
Cash & Equivalents 0.92B0.96B1.01B1.09B1.29B1.17B1.24B1.26B1.21B1.42B1.39B1.29B1.29B1.27B1.25B1.23B1.09B1.08B1.07B1.18B1.14B1.23B1.15B1.20B1.17B0.89B0.90B1.20B0.82B0.98B1.03B1.05B1.35B1.22B1.46B1.60B1.64B1.64B1.50B1.42B1.09B1.08B1.28B1.36B1.43B1.42B1.69B1.92B1.94B2.01B2.08B2.18B2.07B2.07B
Short-term Investments 0.02B0.02B0.02B0.02B0.02B0.02B0.02B0.04B0.06B0.07B0.11B0.09B0.10B0.12B0.15B0.15B0.14B0.13B0.15B0.16B0.16B0.15B0.17B0.27B0.16B0.17B0.18B0.24B0.30B0.38B0.39B0.38B0.43B0.39B0.34B0.33B0.35B0.35B0.38B0.53B0.38B0.17B0.19B0.25B0.27B0.27B0.27B0.29B0.41B0.42B0.50B0.52B0.47B
Cash & Current Investments 0.92B0.98B1.03B1.11B1.31B1.19B1.26B1.29B1.25B1.48B1.46B1.40B1.38B1.36B1.37B1.38B1.24B1.23B1.20B1.33B1.30B1.40B1.31B1.36B1.44B1.05B1.07B1.38B1.06B1.28B1.40B1.44B1.74B1.65B1.85B1.94B1.97B1.98B1.85B1.79B1.61B1.46B1.45B1.55B1.68B1.70B1.97B2.20B2.23B2.42B2.50B2.67B2.59B2.54B
Receivables - Net 0.52B0.57B0.87B0.42B0.50B0.52B0.75B0.43B0.49B0.52B0.61B0.43B0.49B0.51B0.60B0.45B0.48B0.48B0.56B0.43B0.50B0.48B0.57B0.43B0.41B0.51B0.46B0.53B0.39B0.51B0.46B0.59B0.41B0.53B0.47B0.57B0.45B0.58B0.56B0.71B0.50B0.52B0.66B0.85B0.56B0.74B0.64B0.84B0.60B0.70B0.64B0.66B0.61B0.72B0.72B0.82B0.69B0.81B0.92B0.98B0.79B1.01B0.96B
Receivables - Other 0.00B0.00B0.02B0.02B0.21B0.19B0.17B0.17B0.16B0.14B0.13B0.13B0.14B0.14B
Receivables 0.52B0.57B0.87B0.42B0.50B0.52B0.75B0.43B0.49B0.52B0.61B0.43B0.51B0.53B0.60B0.45B0.48B0.48B0.56B0.43B0.50B0.48B0.57B0.43B0.41B0.51B0.46B0.74B0.39B0.51B0.46B0.78B0.41B0.53B0.47B0.74B0.62B0.58B0.56B0.87B0.50B0.52B0.66B0.99B0.56B0.74B0.64B0.97B0.60B0.70B0.64B0.78B0.61B0.72B0.72B0.95B0.69B0.81B0.92B1.12B0.79B1.01B0.96B
Raw Materials 0.10B0.15B0.15B0.13B0.13B0.13B0.13B0.12B0.18B0.19B0.21B0.27B0.26B0.26B0.28B0.29B0.28B0.32B0.40B0.46B0.51B0.55B0.58B0.54B0.60B0.61B0.54B0.53B0.49B0.49B0.53B0.57B0.52B0.54B0.63B0.62B
Work In Process 0.04B0.04B0.06B0.05B0.05B0.05B0.05B0.05B0.08B0.08B0.10B0.13B0.13B0.13B0.14B0.14B0.15B0.16B0.17B0.17B0.21B0.21B0.21B0.19B0.18B0.19B0.17B0.17B0.16B0.17B0.20B0.23B0.22B0.23B0.27B0.25B
Finished Goods 0.28B0.22B0.28B0.25B0.26B0.23B0.28B0.24B0.26B0.27B0.26B0.35B0.36B0.40B0.40B0.39B0.33B0.36B0.37B0.48B0.50B0.59B0.67B0.80B0.73B0.68B0.69B0.74B0.69B0.64B0.60B0.71B0.73B0.81B0.89B1.03B
Inventory 0.32B0.37B0.31B0.36B0.36B0.49B0.39B0.41B0.39B0.46B0.40B0.41B0.38B0.44B0.39B0.40B0.38B0.42B0.38B0.44B0.43B0.47B0.42B0.47B0.52B0.55B0.56B0.65B0.75B0.75B0.79B0.81B0.82B0.76B0.84B0.94B1.11B1.23B1.34B1.45B1.53B1.52B1.48B1.40B1.44B1.35B1.30B1.32B1.51B1.47B1.58B1.79B1.89B
Current Deferred Tax Assets 0.06B0.05B0.06B0.06B0.06B0.06B0.03B0.03B0.03B0.03B0.05B0.05B0.05B0.05B0.07B0.07B0.06B0.07B0.07B0.07B0.07B0.06B0.06B0.06B0.05B0.05B0.03B0.03B0.03B0.03B0.03B0.02B0.02B0.02B0.02B0.02B0.02B0.02B0.02B0.02B0.01B0.01B0.01B0.01B0.02B0.02B0.02B0.02B0.02B0.02B0.02B0.02B0.02B0.02B
Prepaid Assets 0.07B0.05B0.03B0.06B0.05B0.04B0.02B0.04B0.05B0.05B0.08B0.05B0.05B0.05B0.04B0.11B0.14B0.23B0.06B0.05B0.06B0.06B0.05B0.06B0.15B0.14B0.12B0.14B0.15B0.17B0.17B0.16B0.19B0.19B0.20B0.22B0.26B0.33B0.34B0.34B0.32B0.32B0.31B0.30B0.28B0.32B0.31B0.32B0.33B0.35B0.38B0.42B0.41B
Current Assets 1.94B2.08B2.40B2.21B2.16B2.37B2.50B2.19B2.46B2.55B2.57B2.35B2.38B2.47B2.54B2.31B2.35B2.44B2.60B2.39B2.50B2.42B2.51B2.50B2.26B2.36B2.19B2.67B2.46B2.76B3.06B2.93B3.26B3.34B3.67B3.56B3.88B4.01B4.26B4.08B4.12B3.97B3.96B3.96B4.11B4.16B4.46B4.52B4.70B5.21B5.34B5.45B5.82B5.81B
Non-Current Assets
Buildings 0.27B0.27B0.28B0.28B0.30B0.32B0.54B0.58B
Land & Improvements 0.09B0.09B0.10B0.10B0.10B0.09B0.13B0.13B
Property, Plant & Equipment (Net) 0.44B0.44B0.44B0.43B0.43B0.43B0.43B0.43B0.42B0.42B0.42B0.41B0.41B0.41B0.41B0.41B0.41B0.41B0.41B0.42B0.43B0.43B0.43B0.44B0.60B0.60B0.66B0.70B0.71B0.73B0.75B0.79B0.81B0.86B0.86B0.96B0.97B1.07B1.09B1.11B1.10B1.15B1.17B1.18B1.19B1.22B1.21B1.21B1.22B1.24B1.23B1.29B1.30B
Long-Term Investments 0.52B0.77B0.75B0.68B0.64B0.64B0.78B1.03B1.02B0.98B1.10B1.16B1.28B1.35B1.49B1.48B1.48B1.59B1.50B1.57B1.46B1.45B1.41B1.26B1.26B1.31B1.33B1.32B1.25B1.21B1.20B0.99B1.06B1.13B1.21B1.20B1.25B1.27B1.24B1.25B1.24B1.21B1.16B1.10B1.08B1.13B1.13B1.19B1.11B1.20B1.23B1.29B1.38B
Goodwill 0.18B0.18B0.22B0.29B0.30B0.47B0.58B0.58B0.57B0.56B0.54B0.57B0.57B0.57B0.59B0.61B0.60B0.60B0.61B0.60B0.62B0.64B0.76B
Intangibles 0.21B0.21B0.20B0.20B0.18B0.20B0.18B0.18B0.18B0.26B0.25B0.25B0.24B0.24B0.23B0.22B0.22B0.22B0.22B0.22B0.21B0.22B0.22B0.22B0.33B0.43B0.52B0.52B0.21B0.19B0.18B0.51B0.17B0.17B0.19B0.55B0.18B0.17B0.17B0.15B0.15B0.15B0.21B
Goodwill & Intangibles 0.21B0.21B0.20B0.20B0.18B0.20B0.18B0.18B0.18B0.26B0.25B0.25B0.24B0.24B0.23B0.22B0.22B0.22B0.40B0.22B0.21B0.22B0.40B0.22B0.22B0.41B0.42B0.42B0.65B0.64B0.66B0.66B0.66B0.82B0.83B0.82B0.82B0.81B0.79B0.78B0.76B0.72B1.08B0.74B0.74B0.78B1.16B0.78B0.77B0.78B0.76B0.77B0.79B0.96B
Long-Term Deferred Tax 0.02B0.02B0.02B0.02B0.10B0.07B0.07B0.07B0.13B0.11B0.11B0.11B0.20B0.09B0.10B0.09B0.18B0.09B0.09B0.08B0.07B0.07B0.11B0.20B0.20B0.18B0.16B0.16B0.27B0.26B0.25B0.25B0.25B0.25B0.25B0.25B0.26B0.30B0.35B0.39B0.44B0.46B0.49B0.51B0.75B0.76B0.78B0.79B0.82B0.83B0.85B0.78B
Other Non-Current Assets 0.00B0.00B0.00B0.00B0.00B0.00B0.02B0.00B0.03B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.00B0.03B0.06B0.07B0.10B0.10B0.14B0.16B0.16B0.16B0.17B0.18B0.19B0.19B0.18B0.17B0.10B0.09B0.09B0.08B0.09B0.09B0.10B0.09B0.09B0.09B0.10B0.10B0.11B0.11B0.10B0.10B
Non-Current Assets 1.20B1.44B1.43B1.34B1.27B1.29B1.49B1.74B1.74B1.78B1.90B1.98B2.08B2.16B2.28B2.26B2.25B2.38B2.28B2.35B2.25B2.25B2.18B2.04B2.26B2.65B2.66B2.72B3.06B3.00B3.11B3.13B2.96B3.21B3.36B3.44B3.52B3.56B3.59B3.62B3.69B3.66B3.78B3.76B3.76B3.81B4.14B4.12B4.19B4.14B4.29B4.34B4.50B4.71B
Assets 3.14B3.52B3.83B3.55B3.43B3.66B3.99B3.94B4.20B4.33B4.47B4.32B4.46B4.63B4.82B4.57B4.60B4.82B4.88B4.74B4.74B4.67B4.69B4.54B4.53B5.01B4.86B5.38B5.52B5.76B6.17B6.05B6.22B6.55B7.03B7.00B7.40B7.57B7.85B7.70B7.81B7.63B7.73B7.73B7.87B7.97B8.60B8.63B8.88B9.35B9.63B9.79B10.32B10.52B
Liabilities
Current Liabilities
Accounts Payables 0.14B0.19B0.20B0.11B0.15B0.19B0.13B0.12B0.13B0.18B0.16B0.11B0.14B0.15B0.13B0.11B0.13B0.15B0.15B0.12B0.13B0.14B0.15B0.13B0.17B0.14B0.20B0.21B0.24B0.24B0.20B0.19B0.24B0.26B0.25B0.30B0.32B0.37B0.30B0.32B0.27B0.21B0.21B0.25B0.27B0.25B0.24B0.33B0.37B0.36B0.34B0.40B0.38B
Dividends payables 0.39B0.23B0.08B0.26B0.18B0.18B0.26B0.26B0.18B0.09B0.37B0.28B0.19B0.09B0.10B0.20B0.32B0.33B0.22B0.11B0.47B0.35B0.23B0.12B0.52B0.39B0.26B0.13B0.56B0.42B0.14B0.42B0.28B0.14B0.43B0.29B0.14B0.52B0.35B
Payables 0.14B0.19B0.20B0.11B0.15B0.19B0.13B0.12B0.51B0.42B0.24B0.11B0.40B0.32B0.31B0.11B0.39B0.42B0.32B0.21B0.50B0.42B0.33B0.22B0.27B0.14B0.41B0.54B0.56B0.46B0.31B0.66B0.59B0.49B0.37B0.82B0.71B0.63B0.43B0.88B0.69B0.35B0.21B0.67B0.55B0.39B0.24B0.76B0.66B0.50B0.34B0.92B0.72B
Accumulated Expenses 0.09B0.15B0.09B0.30B0.04B0.04B0.05B0.04B0.04B0.04B0.05B0.04B0.04B0.04B0.04B0.03B0.03B0.03B0.03B0.03B0.05B0.07B0.06B0.06B0.10B0.09B0.11B0.11B0.11B0.13B0.11B0.12B0.14B0.18B0.15B0.16B0.17B0.21B0.17B0.18B0.18B0.18B0.16B0.16B0.20B0.19B0.19B0.17B0.22B0.21B0.20B0.19B0.24B
Other Accumulated Expenses 0.06B0.07B0.10B0.07B0.07B0.07B0.06B0.07B0.06B0.07B0.07B0.07B0.07B0.07B0.08B0.07B0.07B0.09B0.07B0.07B0.09B0.09B0.11B0.09B0.10B0.11B0.18B0.14B0.14B0.15B0.23B0.21B0.22B0.20B0.20B0.18B0.19B0.21B0.25B0.19B0.20B0.22B0.22B0.21B0.25B0.23B
Current Taxes 0.02B0.01B0.02B0.03B0.01B0.04B0.06B0.03B0.01B0.02B0.08B0.07B0.05B0.05B0.03B0.03B0.02B0.04B0.04B0.04B0.03B0.20B0.18B0.19B0.03B0.04B0.05B0.04B0.06B0.06B0.05B0.05B0.05B0.07B0.07B0.08B0.11B0.13B0.15B0.13B0.17B0.25B0.25B0.20B0.15B0.23B0.26B0.24B0.23B0.29B0.33B0.28B0.29B
Current Deferred Revenue 0.05B0.03B0.04B0.05B0.06B0.20B0.10B0.13B0.14B0.38B0.20B0.21B0.23B0.45B0.25B0.25B0.26B0.43B0.24B0.22B0.21B0.34B0.19B0.15B0.19B0.18B0.17B0.09B0.10B0.16B0.15B0.14B0.14B0.14B0.13B0.13B0.13B0.13B0.13B0.12B0.13B0.13B0.12B0.13B0.13B0.14B0.13B0.14B0.14B0.14B0.13B0.13B0.13B
Curent Deferred Tax Liability 0.00B0.00B0.00B0.00B0.00B0.01B0.01B0.01B0.01B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.01B0.02B0.01B
Total Current Liabilities 0.43B0.71B0.69B0.68B0.44B0.57B0.67B0.47B0.92B0.91B0.86B0.59B0.90B0.88B0.91B0.61B0.89B0.97B0.91B0.70B0.97B1.12B1.03B0.82B0.78B0.83B0.56B0.92B1.03B1.04B1.04B0.78B1.16B1.12B1.16B0.93B1.46B1.37B1.45B1.15B1.62B1.44B1.21B1.01B1.45B1.33B1.31B1.12B1.62B1.58B1.51B1.33B1.93B1.75B
Non-Current Liabilities
Non-Current Deffered Revenue 0.04B0.05B0.06B0.07B0.11B0.11B0.15B0.17B0.19B0.18B0.18B0.18B0.19B0.17B0.17B0.17B0.17B0.14B0.14B0.14B0.14B0.12B0.14B0.16B0.08B0.08B0.07B0.07B0.07B0.06B0.05B0.05B0.05B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.04B0.03B0.04B0.04B0.04B0.03B0.03B0.03B0.03B0.03B0.02B0.02B
Non-Current Deferred Tax Liability 0.01B0.01B0.01B0.01B0.01B0.01B0.01B0.01B0.01B0.01B0.00B0.01B0.01B0.01B0.03B0.00B0.00B0.00B0.03B0.00B0.00B0.04B0.04B0.04B0.06B0.08B0.07B0.09B0.11B0.11B0.11B0.12B0.10B0.12B0.12B0.12B0.12B0.13B0.12B0.12B0.12B0.12B0.13B0.13B0.12B0.12B0.11B0.11B0.10B0.10B0.10B0.10B0.09B0.11B
Operating Leases 0.06B0.04B0.05B0.05B0.06B0.06B0.08B0.07B0.07B0.07B0.07B0.08B0.11B0.10B0.11B0.11B0.11B0.11B0.11B0.11B0.10B0.11B0.13B0.14B0.15B0.16B
Other Non-Current Liabilities 0.24B0.24B0.26B0.26B0.28B0.15B0.15B0.15B0.16B0.17B0.16B0.17B0.17B0.17B0.18B0.17B0.17B0.12B0.14B0.14B0.15B0.14B0.08B0.08B0.14B0.14B0.13B0.12B0.11B0.11B0.10B0.09B0.08B0.09B0.10B0.10B0.08B0.06B0.06B0.06B0.05B0.03B0.03B0.03B0.02B0.02B0.02B0.02B0.02B0.01B0.01B0.00B0.00B
Total Non-Current Liabilities -0.24B-0.24B-0.26B-0.26B-0.28B-0.15B-0.15B-0.15B-0.16B-0.17B-0.16B-0.17B-0.17B-0.17B-0.18B-0.17B-0.17B-0.12B-0.14B-0.14B-0.15B-0.14B-0.08B-0.08B-0.14B-0.14B-0.13B-0.12B-0.11B-0.11B-0.10B-0.09B-0.08B-0.09B-0.10B-0.10B-0.08B-0.06B-0.06B-0.06B-0.05B-0.03B-0.03B-0.03B-0.02B-0.02B-0.02B-0.02B-0.02B-0.01B-0.01B-0.00B-0.00B
Shareholder's Equity
Common Equity 2.46B2.56B2.84B2.55B2.65B2.85B3.05B3.19B2.96B3.07B3.26B3.38B3.21B3.39B3.53B3.62B3.37B3.56B3.66B3.75B3.48B3.24B3.40B3.48B3.45B3.85B4.00B4.16B4.15B4.38B4.79B4.93B4.74B5.10B5.52B5.72B5.58B5.85B6.11B6.25B5.87B5.88B6.20B6.41B6.12B6.35B7.01B7.25B7.00B7.51B7.85B8.18B8.13B8.48B
Shareholder's Equity 2.46B2.56B2.84B2.55B2.65B2.85B3.05B3.19B2.96B3.07B3.26B3.38B3.21B3.39B3.53B3.62B3.37B3.56B3.66B3.75B3.48B3.24B3.40B3.48B3.45B3.85B4.00B4.16B4.15B4.38B4.79B4.93B4.74B5.10B5.52B5.72B5.58B5.85B6.11B6.25B5.87B5.88B6.20B6.41B6.12B6.35B7.01B7.25B7.00B7.51B7.85B8.18B8.13B8.48B
Liabilities and Shareholders Equity 3.14B3.52B3.83B3.55B3.43B3.66B3.99B3.94B4.20B4.33B4.47B4.32B4.46B4.63B4.82B4.57B4.60B4.82B4.88B4.74B4.74B4.67B4.69B4.54B4.53B5.01B4.86B5.38B5.52B5.76B6.17B6.05B6.22B6.55B7.03B7.00B7.40B7.57B7.85B7.70B7.81B7.63B7.73B7.73B7.87B7.97B8.60B8.63B8.88B9.35B9.63B9.79B10.32B10.52B
Treasury Shares 0.00B0.01B0.01B0.01B0.01B0.00B0.00B0.00B0.00B0.00B0.00B0.01B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.01B0.01B0.00B0.01B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B0.00B
Retained Earnings 2.47B2.54B2.82B2.55B2.65B1.14B1.26B1.38B1.10B1.25B1.41B1.50B1.34B1.48B1.60B1.69B1.51B1.70B1.87B1.98B1.80B1.65B1.86B1.93B2.09B2.42B2.55B2.71B2.64B2.87B3.23B3.39B3.11B3.42B3.75B3.97B3.78B4.03B4.32B4.53B4.23B4.44B4.73B4.94B4.46B4.72B5.26B5.44B5.16B5.56B6.00B6.33B6.04B6.44B