# GARMIN LTD (GRMN) FY2024 Q3 P&L / Income Statement

- Company: GARMIN LTD (GRMN)
- Period: 2024-06-30 to 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-income-statement
- Chart image: https://plicit.ai/charts/grmn-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2024-06-30 through 2024-09-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 1,586,022,000 US dollars
- **Cost of goods sold**: 634,423,000 US dollars
- **Gross profit**: 951,599,000 US dollars
- **Total operating expense**: 514,124,000 US dollars
- **Operating income**: 437,475,000 US dollars
- **Total other income (expense)**: 48,775,000 US dollars
- **Income before income taxes**: 486,250,000 US dollars
- **Income tax provision**: 87,139,000 US dollars
- **Net income**: 399,111,000 US dollars
- **Fitness Segment**: 463,887,000 US dollars
- **Outdoor Segment**: 526,551,000 US dollars
- **Aviation Segment**: 204,631,000 US dollars
- **Marine Segment**: 222,244,000 US dollars
- **Auto OEM Segment**: 168,709,000 US dollars
- **Selling, general and administrative expenses**: 264,962,000 US dollars
- **Research and development expense**: 249,162,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Timing of Transfer

- Page: https://plicit.ai/financials/grmn/fy2024-q3-income-statement/revenue-by-timing-of-transfer
- Chart image: https://plicit.ai/charts/grmn-fy2024-q3-revenue-by-timing-of-transfer-sankey.png

Income statement for 2024-06-30 through 2024-09-28. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 1,586,022,000 US dollars
- **Cost of goods sold**: 634,423,000 US dollars
- **Gross profit**: 951,599,000 US dollars
- **Total operating expense**: 514,124,000 US dollars
- **Operating income**: 437,475,000 US dollars
- **Total other income (expense)**: 48,775,000 US dollars
- **Income before income taxes**: 486,250,000 US dollars
- **Income tax provision**: 87,139,000 US dollars
- **Net income**: 399,111,000 US dollars
- **Point in time**: 1,496,940,000 US dollars
- **Over time**: 89,082,000 US dollars
- **Selling, general and administrative expenses**: 264,962,000 US dollars
- **Research and development expense**: 249,162,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/grmn/fy2024-q3-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/grmn-fy2024-q3-revenue-by-geography-sankey.png

Income statement for 2024-06-30 through 2024-09-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 1,586,022,000 US dollars
- **Cost of goods sold**: 634,423,000 US dollars
- **Gross profit**: 951,599,000 US dollars
- **Total operating expense**: 514,124,000 US dollars
- **Operating income**: 437,475,000 US dollars
- **Total other income (expense)**: 48,775,000 US dollars
- **Income before income taxes**: 486,250,000 US dollars
- **Income tax provision**: 87,139,000 US dollars
- **Net income**: 399,111,000 US dollars
- **Americas**: 724,572,000 US dollars
- **EMEA**: 612,658,000 US dollars
- **Asia Pacific**: 248,792,000 US dollars
- **Selling, general and administrative expenses**: 264,962,000 US dollars
- **Research and development expense**: 249,162,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.