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

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

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.