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Financial Statements
Stock Data
GRMN

Garmin

Consumer Discretionary
Consumer Electronics
Schaffhausen, Switzerland
Balance Sheet 31 Accounts • 5 Years
Account 2024 2023 2022 2021 2020
end 2024-12-28 2023-12-30 2022-12-31 2021-12-25 2020-12-26
Assets - CashAndCashEquivalents $2.1B $1.7B $1.3B $1.5B $1.5B
Assets - MarketableSecurities&Investments $4.9B $4.3B $4.4B $4.9B $4.6B
Assets - AccountsReceivable(net) $983.4M $815.2M $656.8M $843.4M $849.5M
Assets - Inventory(net) $1.5B $1.3B $1.5B $1.2B $762.1M
Assets - ContractAssets(net) $139.3M $137.3M $126.8M $129.3M $136.8M
Assets - OtherCurrentAssets $354.0M $318.6M $315.9M $328.7M $191.6M
Assets - TotalCurrentAssets $5.3B $4.5B $4.0B $4.3B $3.7B
Assets - Property,Plant&Equipment(net) $1.2B $1.2B $1.1B $1.1B $855.5M
Assets - OperatingLeaseRightOfUseAsset $164.7M $143.7M $138.0M $89.5M $94.6M
Assets - Goodwill $603.9M $608.5M $568.0M $575.1M $584.2M
Assets - OtherIntangibleAssets(net) $154.2M $181.1M $178.5M $216.0M $828.6M
Assets - DeferredTaxAssets $822.5M $754.6M $441.1M $260.2M $245.5M
Assets - OtherNoncurrentAssets $107.0M $91.1M $85.3M $103.4M $190.2M
Assets - TotalAssets $9.6B $8.6B $7.7B $7.9B $7.0B
Liabilities - AccountsPayable $359.4M $253.8M $212.4M $370.0M $258.9M
Liabilities - AccruedLiabilities $216.7M $245.9M $197.4M $226.0M $181.8M
Liabilities - ContractLiabilities/DeferredRevenue $111.0M $101.2M $91.1M $87.7M $86.9M
Liabilities - TotalCurrentLiabilities $1.5B $1.3B $1.2B $1.4B $1.2B
Liabilities - OperatingLeaseLiabilities(noncurrentLessee) $134.9M $113.0M $114.5M $70.0M $76.0M
Liabilities - ProductWarrantyLiability $62.5M $55.7M $51.0M $45.5M $42.6M
Liabilities - DeferredTaxLiabilities $103.3M $114.7M $130.0M $117.6M $116.8M
Liabilities - UnrecognizedTaxBenefits(noncurrent) $5.3M $13.6M $30.8M $65.2M $85.0M
Liabilities - OtherNoncurrentLiabilities $776.0K $436.0K $360.0K $324.0K $15.5M
Equity - CommonStock $19.5M $19.6M $18.0M $18.0M $18.0M
Equity - AdditionalPaidInCapital $2.2B $2.1B $2.0B $2.0B $1.9B
Equity - RetainedEarnings $6.0B $5.3B $4.7B $4.3B $3.8B
Equity - AccumulatedOtherComprehensiveIncome(loss) $-147.2M $-65.6M $-114.5M $117.8M $183.4M
Equity - TreasuryStock $270.5M $330.9M $475.1M $303.1M $320.0M
Equity - Total Stockholders' Equity $7.8B $7.0B $6.2B $6.1B $5.5B
Equity - Total Liabilities and Stockholders' Equity $9.6B $8.6B $7.7B $7.9B $7.0B