Garmin Ltd.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Garmin Ltd. generated cash of $1,376,265,000, which is more than the previous year. Cash used in financing activities reached the amount of -$636,509,000 last year. Net change in cash is therefore $414,244,000.
Cash Flow
| 2014 | 522.71M | 131.33M | -599.62M |
|---|---|---|---|
| 2015 | 280.46M | -111.97M | -500.09M |
| 2016 | 705.68M | -121.53M | -561.67M |
| 2017 | 660.84M | -194.53M | -448.41M |
| 2018 | 919.52M | -307.50M | -286.16M |
| 2019 | 698.54M | -450.74M | -416.02M |
| 2020 | 1.13B | -260.52M | -461.76M |
| 2021 | 1.01B | -475.36M | -486.70M |
| 2022 | 788.25M | -145.12M | -840.61M |
| 2023 | 1.37B | -332.97M | -636.50M |
GRMN Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 1.27B | 1.49B | 1.45B | 1.02B | 1.20B | 891.75M | 846.88M | 833.07M | 1.19B | 1.17B |
Operating activities | ||||||||||
Net income | 1.28B | 973.58M | 1.08B | 992.32M | 952.48M | 694.08M | 694.95M | 510.81M | 456.22M | 364.21M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 177.57M | 163.85M | 154.81M | 126.71M | 106.17M | 96.19M | 86.25M | 86.34M | 78.36M | 77.01M |
Stock-based compensation expense | 101.42M | 76.80M | 92.52M | 80.88M | 63.4M | 56.39M | 44.73M | 41.25M | 26.29M | 24.29M |
| Deferred income tax benefit | 101.42M | 76.80M | 92.52M | 80.88M | 63.4M | 56.39M | 44.73M | 41.25M | 26.29M | 24.29M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -129.12M | 167.33M | -19.10M | -108.85M | -123.40M | 5.16M | -40.08M | 9M | 22.47M | -27.39M |
Inventories | 244.50M | -363.32M | -476.45M | 28.72M | -170.16M | -82.31M | -38.57M | -2.45M | -121.71M | -76.49M |
Accounts payable | 28.50M | -131.26M | 108.94M | 1.44M | 26.19M | 40.62M | -17.24M | -11.49M | 36.07M | 8.98M |
Cash generated by operating activities | 1.37B | 788.25M | 1.01B | 1.13B | 698.54M | 919.52M | 660.84M | 705.68M | 280.46M | 522.71M |
Investing activities | ||||||||||
Purchases Of Investments | -170.68M | -1.05B | -1.50B | -1.05B | -789.35M | -403.18M | -587.65M | -905.08M | -915.92M | -1.00B |
Investments In Property Plant And Equipment | -193.52M | -246.19M | -309.58M | -187.46M | -120.40M | -160.35M | -151.92M | -96.67M | -84.48M | -78.05M |
Acquisitions Net | -150.85M | -13.45M | -20.17M | -148.64M | -300.28M | -29.17M | -90.47M | -77.94M | -38.68M | -18.87M |
Cash generated by investing activities | -332.97M | -145.12M | -475.36M | -260.52M | -450.74M | -307.50M | -194.53M | -121.53M | -111.97M | 131.33M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 35.73M | 15.20M | 0 | 26.64M | 21.86M | 18.64M | 0 | 20.75M |
Payments for dividends | -558.76M | -679.09M | -491.45M | -450.63M | -417.26M | -296.14M | -382.97M | -481.45M | -378.11M | -360.07M |
Repurchases of common stock | -98.98M | -223.74M | -30.98M | -26.33M | -25.88M | -16.65M | -87.29M | -93.23M | -136.99M | -241.57M |
Repayments of term debt | 0 | 0 | -35.73M | -15.20M | 0 | 0 | 0 | -7.33M | 0 | -18.63M |
Cash used in financing activities | -636.50M | -840.61M | -486.70M | -461.76M | -416.02M | -286.16M | -448.41M | -561.67M | -500.09M | -599.62M |
Net Change In Cash | 414.24M | -218.93M | 40.09M | 431.11M | -174.16M | 310.04M | 44.60M | 13.81M | -363.19M | 17.11M |
Cash at end of period | 1.69B | 1.27B | 1.49B | 1.45B | 1.02B | 1.20B | 891.48M | 846.88M | 833.07M | 1.19B |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |