For the year ending 2025-12-27, GRMN has $10,993,669K in assets. $2,278,646K in cash and cash equivalents.
| Balance Sheets | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 2,278,646 | 2,079,468 | 1,693,452 | 1,279,194 |
| Marketable securities | 459,202 | 421,270 | 274,618 | 173,288 |
| Accounts receivable, less allowance for doubtful accounts of 9,191 in 2025 and 8,644 in 2024 | 1,253,015 | 983,404 | 815,243 | 656,847 |
| Inventories | 1,772,257 | 1,473,978 | 1,345,955 | 1,515,045 |
| Deferred costs | 17,538 | 24,040 | 16,316 | 14,862 |
| Prepaid expenses and other current assets | 467,558 | 353,993 | 318,556 | 315,915 |
| Total current assets | 6,248,216 | 5,336,153 | 4,464,140 | 3,955,151 |
| Total, at cost | 2,667,598 | 2,376,040 | 2,254,685 | 2,051,927 |
| Accumulated depreciation | 1,292,250 | 1,139,156 | 1,030,588 | 904,922 |
| Property and equipment, net | 1,375,348 | 1,236,884 | 1,224,097 | 1,147,005 |
| Operating lease right-of-use assets | 196,183 | 164,656 | 143,724 | 138,040 |
| Noncurrent marketable securities | 1,396,929 | 1,198,331 | 1,125,191 | 1,208,360 |
| Deferred income tax assets | 718,094 | 822,521 | 754,635 | 441,071 |
| Noncurrent deferred costs | 4,373 | 6,898 | 11,057 | 9,831 |
| Goodwill | 760,241 | 603,947 | 608,474 | 567,994 |
| Other intangible assets, net | 198,362 | 154,163 | 186,601 | 178,461 |
| Other noncurrent assets | 95,923 | 106,974 | 85,650 | 85,257 |
| Total assets | 10,993,669 | 9,630,527 | 8,603,569 | 7,731,170 |
| Accounts payable | 347,493 | 359,365 | 253,790 | 212,417 |
| Salaries and benefits payable | 228,267 | 210,879 | 190,014 | 176,114 |
| Accrued warranty costs | 72,921 | 62,473 | 55,738 | 50,952 |
| Accrued sales program costs | 153,193 | 108,492 | 98,610 | 97,772 |
| Other accrued expenses | 257,651 | 216,721 | 245,874 | 197,376 |
| Deferred revenue | 105,646 | 110,997 | 101,189 | 91,092 |
| Income taxes payable | 381,549 | 294,582 | 225,475 | 246,180 |
| Dividend payable | 173,351 | 144,349 | 139,997 | 139,732 |
| Total current liabilities | 1,720,071 | 1,507,858 | 1,310,687 | 1,211,635 |
| Deferred income tax liabilities | 109,701 | 103,274 | 114,682 | 129,965 |
| Noncurrent income taxes payable | 3,596 | 7,014 | 16,521 | 34,627 |
| Noncurrent deferred revenue | 22,277 | 28,321 | 36,148 | 35,702 |
| Noncurrent operating lease liabilities | 164,835 | 134,886 | 113,035 | 114,541 |
| Other noncurrent liabilities | 625 | 776 | 436 | 360 |
| Common shares, 0.10 par value (194,901 and 194,901 shares authorized and issued192,620 and 192,468 shares outstanding) | 19,490 | 19,490 | 19,588 | 17,979 |
| Additional paid-in capital | 2,368,670 | 2,247,484 | 2,125,467 | 2,042,472 |
| Treasury shares (2,281 and 2,433 shares) | 406,423 | 270,521 | 330,909 | 475,095 |
| Retained earnings | 6,970,182 | 5,999,183 | 5,263,528 | 4,733,517 |
| Accumulated other comprehensive income (loss) | 20,645 | -147,238 | -65,614 | -114,533 |
| Total stockholders equity | 8,972,564 | 7,848,398 | 7,012,060 | 6,204,340 |
| Total liabilities and stockholders equity | 10,993,669 | 9,630,527 | 8,603,569 | 7,731,170 |
GARMIN LTD (GRMN)
GARMIN LTD (GRMN)