GARMIN LTD (GRMN) FY2024 Q3 Balance Sheet

GARMIN LTD (GRMN) FY2024 Q3 Balance Sheet

Balance sheet as of 2024-09-28. The chart shows assets, liabilities and equity at that date.

Assets

9,347,732,000 US dollars

Current assets

5,209,505,000 US dollars

Non-current assets

4,138,227,000 US dollars

Liabilities (calculated)

1,841,185,000 US dollars

Current liabilities

1,578,664,000 US dollars

Non-current liabilities

262,521,000 US dollars

Equity

7,506,547,000 US dollars

Cash and cash equivalents

2,009,361,000 US dollars

Inventories

1,505,536,000 US dollars

Accounts receivable, net

922,034,000 US dollars

Marketable securities

414,701,000 US dollars

Prepaid expenses and other current assets

334,488,000 US dollars

Deferred costs

23,385,000 US dollars

Property and equipment, net of accumulated depreciation of $1,120,096 and $1,030,588

1,220,113,000 US dollars

Noncurrent marketable securities

1,106,532,000 US dollars

Deferred income tax assets

787,849,000 US dollars

Goodwill

611,884,000 US dollars

Other intangible assets, net

168,230,000 US dollars

Operating lease right-of-use assets

137,665,000 US dollars

Other noncurrent assets

97,960,000 US dollars

Noncurrent deferred costs

7,994,000 US dollars

Accounts payable

374,025,000 US dollars

Dividend payable

288,204,000 US dollars

Income taxes payable

227,735,000 US dollars

Other accrued expenses

222,925,000 US dollars

Salaries and benefits payable

218,941,000 US dollars

Deferred revenue

113,049,000 US dollars

Accrued sales program costs

75,802,000 US dollars

Accrued warranty costs

57,983,000 US dollars

Noncurrent operating lease liabilities

109,832,000 US dollars

Deferred income tax liabilities

104,996,000 US dollars

Noncurrent deferred revenue

30,227,000 US dollars

Noncurrent income taxes payable

16,864,000 US dollars

Other noncurrent liabilities

602,000 US dollars

Retained earnings

5,563,576,000 US dollars

Additional paid-in capital

2,218,170,000 US dollars

Common shares (194,901 and 195,880 shares authorized and issued; 192,136 and 191,777 shares outstanding)

19,490,000 US dollars

Treasury shares (2,765 and 4,103 shares)

negative 243,994,000 US dollars

Accumulated other comprehensive income (loss)

negative 50,695,000 US dollars

Gross equity (calculated)

7,801,236,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.