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GARMIN LTD   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Net Sales4,186.573,757.513,347.443,121.563,045.802,820.272,870.662,631.852,715.682,758.57
Total Revenues4,186.573,757.513,347.443,121.563,045.802,820.272,870.662,631.852,715.682,758.57
Costof goods sold1,705.241,523.531,367.731,323.621,357.271,281.571,266.251,224.551,277.201,419.98
Gross Profit2,481.342,233.981,979.721,797.941,688.531,538.701,604.411,407.301,438.481,338.59
Research and development expense705.69605.37567.81511.63467.96427.04395.12364.92325.77298.58
Selling, general and administrative expenses570.25518.57478.18437.98410.56394.91372.03355.44369.79341.22
Advertising expense151.17164.46155.39164.69177.14167.17146.63112.91138.76145.02
Total Operating Expense1,427.101,288.391,201.381,114.301,055.66989.12913.79833.27834.32784.83
Operating Income / (Loss)1,054.24945.59778.34683.64632.86549.58690.63574.03604.16553.77
Interest expense--------------------
Gain on sale of equity securities--------------------
Interest income37.0052.8247.1536.9333.4129.6535.5835.2735.1132.81
Other9.345.625.37(0.91)4.0111.421.838.725.289.68
Foreign currency2.83(16.80)(7.62)(22.58)(31.65)(23.47)(4.30)35.54(20.02)(12.10)
Total Other income (expense)49.1741.6444.9013.435.7617.6133.1279.5320.3730.39
Income (loss) before income taxes1,103.41987.22823.25697.07638.63567.19723.75653.56624.53584.16
Income tax provision (benefit)111.0934.74129.17(11.94)120.90110.96359.5341.1582.1363.27
Income tax provision (benefit): Current104.47123.0793.4279.23117.84114.22274.1127.77114.01110.76
Income tax provision (benefit): Deferred6.62(88.34)35.74(91.17)3.06(3.26)85.4313.38(31.89)(47.49)
Net Income (Loss) Available to Common Shareholders992.32952.49694.08709.01517.72456.23364.21612.41542.40520.90
Basic net income per share5.195.013.683.772.742.391.893.132.782.68
Diluted net income per share5.174.993.663.762.732.391.883.122.762.67
Weighted-average common shares: basic191.09189.93188.64187.83188.82190.63193.11195.41194.91194.11
Weighted-average common shares: diluted191.90190.90189.73188.73189.34191.11194.17196.34196.21194.89