# GARMIN LTD (GRMN) FY2024 Q3 Balance Sheet

- Company: GARMIN LTD (GRMN)
- Period: As of 2024-09-28
- Filing: Q3 FY2024 10-Q, filed 2024-10-30, accession number 0000950170-24-118582
- Page: https://plicit.ai/financials/grmn/fy2024-q3-balance-sheet
- Chart image: https://plicit.ai/charts/grmn-fy2024-q3-balance-sheet-sankey.png

## Chart details

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.