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

- Company: GARMIN LTD (GRMN)
- Period: 2023-12-31 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-ytd-q3-income-statement
- Chart image: https://plicit.ai/charts/grmn-fy2024-ytd-q3-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2023-12-31 through 2024-09-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 4,474,342,000 US dollars
- **Cost of goods sold**: 1,857,712,000 US dollars
- **Gross profit**: 2,616,630,000 US dollars
- **Total operating expense**: 1,538,717,000 US dollars
- **Operating income**: 1,077,913,000 US dollars
- **Total other income (expense)**: 101,350,000 US dollars
- **Income before income taxes**: 1,179,263,000 US dollars
- **Income tax provision**: 203,560,000 US dollars
- **Net income**: 975,703,000 US dollars
- **Fitness Segment**: 1,235,182,000 US dollars
- **Outdoor Segment**: 1,332,617,000 US dollars
- **Aviation Segment**: 639,739,000 US dollars
- **Marine Segment**: 821,933,000 US dollars
- **Auto OEM Segment**: 444,871,000 US dollars
- **Selling, general and administrative expenses**: 803,869,000 US dollars
- **Research and development expense**: 734,848,000 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-ytd-q3-income-statement/revenue-by-timing-of-transfer
- Chart image: https://plicit.ai/charts/grmn-fy2024-ytd-q3-revenue-by-timing-of-transfer-sankey.png

Income statement for 2023-12-31 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**: 4,474,342,000 US dollars
- **Cost of goods sold**: 1,857,712,000 US dollars
- **Gross profit**: 2,616,630,000 US dollars
- **Total operating expense**: 1,538,717,000 US dollars
- **Operating income**: 1,077,913,000 US dollars
- **Total other income (expense)**: 101,350,000 US dollars
- **Income before income taxes**: 1,179,263,000 US dollars
- **Income tax provision**: 203,560,000 US dollars
- **Net income**: 975,703,000 US dollars
- **Point in time**: 4,231,561,000 US dollars
- **Over time**: 242,781,000 US dollars
- **Selling, general and administrative expenses**: 803,869,000 US dollars
- **Research and development expense**: 734,848,000 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-ytd-q3-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/grmn-fy2024-ytd-q3-revenue-by-geography-sankey.png

Income statement for 2023-12-31 through 2024-09-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 4,474,342,000 US dollars
- **Cost of goods sold**: 1,857,712,000 US dollars
- **Gross profit**: 2,616,630,000 US dollars
- **Total operating expense**: 1,538,717,000 US dollars
- **Operating income**: 1,077,913,000 US dollars
- **Total other income (expense)**: 101,350,000 US dollars
- **Income before income taxes**: 1,179,263,000 US dollars
- **Income tax provision**: 203,560,000 US dollars
- **Net income**: 975,703,000 US dollars
- **Americas**: 2,181,266,000 US dollars
- **EMEA**: 1,618,058,000 US dollars
- **Asia Pacific**: 675,018,000 US dollars
- **Selling, general and administrative expenses**: 803,869,000 US dollars
- **Research and development expense**: 734,848,000 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.