For the year ending 2025-12-27, GRMN had $199,206K increase in cash & cash equivalents over the period. $1,362,913K in free cash flow.
| Cash Flow | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 1,663,887 | 1,411,436 | 1,289,636 | 973,585 |
| Depreciation | 152,611 | 140,494 | 132,347 | 118,743 |
| Amortization | 36,148 | 39,241 | 45,225 | 45,110 |
| Loss (gain) on sale or disposal of property and equipment | -881 | 4,903 | -215 | 2,083 |
| Unrealized foreign currency (gains) losses | 36,170 | -26,889 | 25,541 | 5,867 |
| Deferred income taxes | 82,546 | -88,137 | -340,774 | -143,286 |
| Stock compensation expense | 166,003 | 137,162 | 101,422 | 76,801 |
| Realized gains on marketable securities | -899 | -8 | -62 | -986 |
| Accounts receivable, net of allowance for doubtful accounts | 222,809 | 196,256 | 129,120 | -167,336 |
| Inventories | 218,063 | 178,815 | -244,506 | 363,327 |
| Other current and noncurrent assets | -1,921 | 42,130 | -7,887 | -72,185 |
| Accounts payable | -30,518 | 120,637 | 28,503 | -131,268 |
| Other current and noncurrent liabilities | 85,206 | 24,546 | 52,188 | -71,756 |
| Deferred revenue | -11,843 | 2,223 | 10,411 | -2,379 |
| Deferred costs | -9,092 | 3,615 | 2,661 | -3,591 |
| Income taxes | -46,432 | 43,691 | -38,041 | 49,888 |
| Net cash provided by operating activities | 1,633,359 | 1,432,471 | 1,376,265 | 788,259 |
| Purchases of property and equipment | 270,446 | 193,571 | 193,524 | 244,286 |
| Proceeds from sale of property and equipment | - | - | 218 | 2,402 |
| Purchase of intangible assets | - | - | 1,504 | 1,907 |
| Purchase of marketable securities | 839,852 | 507,518 | 170,681 | 1,051,994 |
| Redemption of marketable securities | 640,396 | 309,166 | 183,372 | 1,164,116 |
| Acquisitions, net of cash acquired | -175,655 | -16,444 | 150,853 | 13,455 |
| Other investing activities, net | 322 | 15,034 | - | - |
| Net cash used in investing activities | -645,235 | -393,333 | -332,972 | -145,124 |
| Dividends | 663,885 | 572,355 | 558,769 | 679,096 |
| Proceeds from issuance of treasury shares related to equity awards | 58,009 | 49,963 | 44,063 | 62,221 |
| Purchase of treasury shares related to equity awards | 57,194 | 42,117 | 22,815 | 22,730 |
| Purchase of treasury shares under share repurchase plan | 181,011 | 62,348 | 98,988 | 201,012 |
| Net cash used in financing activities | -844,081 | -626,857 | -636,509 | -840,617 |
| Effect of exchange rate changes on cash and cash equivalents | 55,163 | -26,283 | 7,460 | -21,449 |
| Net increase in cash, cash equivalents, and restricted cash | 199,206 | 385,998 | 414,244 | -218,931 |
| Cash and cash equivalents at beginning of period | 2,080,154 | 1,694,156 | 1,279,912 | 1,498,843 |
| Cash and cash equivalents at end of period | 2,279,360 | 2,080,154 | 1,694,156 | 1,279,912 |
GARMIN LTD (GRMN)
GARMIN LTD (GRMN)