Garmin Ltd. (GRMN)

USD 180.86

(1.34%)

Annual Income Statements

(In USD)
Breakdown 2023 2022 2021 2020 2019 2018
Revenue 5.22 Billion 4.86 Billion 4.98 Billion 4.18 Billion 3.75 Billion 3.34 Billion
Cost of Revenue 2.22 Billion 2.05 Billion 2.09 Billion 1.7 Billion 1.52 Billion 1.36 Billion
Gross Profit 3 Billion 2.8 Billion 2.89 Billion 2.48 Billion 2.23 Billion 1.97 Billion
Operating Expenses 1.91 Billion 1.77 Billion 1.67 Billion 1.42 Billion 1.28 Billion 1.2 Billion
Selling, General and Administrative Expenses 1 Billion 944 Million 831.81 Million 721.41 Million 683.02 Million 633.57 Million
Research and Development Expenses 904.69 Million 834.92 Million 840.02 Million 705.68 Million 605.36 Million 567.8 Million
Other Expenses - 7.57 Million 4.86 Million 9.34 Million 5.61 Million 5.37 Million
Cost and Expenses 4.13 Billion 3.83 Billion 3.76 Billion 3.13 Billion 2.81 Billion 2.56 Billion
Operating Income 1.09 Billion 1.02 Billion 1.21 Billion 1.05 Billion 945.58 Million 778.34 Million
Interest Expense - 40.82 Million - - - -
Income Tax Expense -89.28 Million 91.38 Million 124.59 Million 111.08 Million 34.73 Million 129.16 Million
Earnings before Tax 1.2 Billion 1.06 Billion 1.2 Billion 1.1 Billion 987.22 Million 823.24 Million
Net Income 1.28 Billion 973.58 Million 1.08 Billion 992.32 Million 952.48 Million 694.08 Million
Earnings Per Share Basic 6.74 5.06 5.63 5.19 5.01 3.68
Earnings Per Share Diluted 6.71 5.04 5.61 5.17 4.99 3.66
Weighted Average Shares Outstanding 191.39 Million 192.54 Million 192.18 Million 191.08 Million 189.93 Million 188.63 Million
Weighted Average Shares Outstanding (Diluted) 192.05 Million 193.04 Million 193.04 Million 191.89 Million 190.89 Million 189.73 Million
Gross Margin 0.57 0.58 0.58 0.59 0.59 0.59
EBIT Margin 0.24 0.25 0.28 0.28 0.28 0.26
Profit Margin 0.25 0.20 0.22 0.24 0.25 0.21
EBITDA 1.26 Billion 1.19 Billion 1.37 Billion 1.18 Billion 1.05 Billion 874.53 Million
Earnings Before Tax Margin 0.21 0.21 0.24 0.25 0.25 0.23

Income Statement Charts