GARMIN LTD (GRMN) FY2025 Annual Balance Sheet

GARMIN LTD (GRMN) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-27. The chart shows assets, liabilities and equity at that date.

Assets

10,993,669,000 US dollars

Current assets

6,248,216,000 US dollars

Non-current assets

4,745,453,000 US dollars

Liabilities (calculated)

2,021,105,000 US dollars

Current liabilities

1,720,071,000 US dollars

Non-current liabilities

301,034,000 US dollars

Equity

8,972,564,000 US dollars

Cash and cash equivalents

2,278,646,000 US dollars

Inventories

1,772,257,000 US dollars

Accounts receivable, less allowance for doubtful accounts of $9,191 in 2025 and $8,644 in 2024

1,253,015,000 US dollars

Prepaid expenses and other current assets

467,558,000 US dollars

Marketable securities

459,202,000 US dollars

Deferred costs

17,538,000 US dollars

Noncurrent marketable securities

1,396,929,000 US dollars

Property and equipment, net

1,375,348,000 US dollars

Goodwill

760,241,000 US dollars

Deferred income tax assets

718,094,000 US dollars

Other intangible assets, net

198,362,000 US dollars

Operating lease right-of-use assets

196,183,000 US dollars

Other noncurrent assets

95,923,000 US dollars

Noncurrent deferred costs

4,373,000 US dollars

Income taxes payable

381,549,000 US dollars

Accounts payable

347,493,000 US dollars

Other accrued expenses

257,651,000 US dollars

Salaries and benefits payable

228,267,000 US dollars

Dividend payable

173,351,000 US dollars

Accrued sales program costs

153,193,000 US dollars

Deferred revenue

105,646,000 US dollars

Accrued warranty costs

72,921,000 US dollars

Noncurrent operating lease liabilities

164,835,000 US dollars

Deferred income tax liabilities

109,701,000 US dollars

Noncurrent deferred revenue

22,277,000 US dollars

Noncurrent income taxes payable

3,596,000 US dollars

Other noncurrent liabilities

625,000 US dollars

Retained earnings

6,970,182,000 US dollars

Additional paid-in capital

2,368,670,000 US dollars

Accumulated other comprehensive income (loss)

20,645,000 US dollars

Common shares, $0.10 par value (194,901 and 194,901 shares authorized and issued;192,620 and 192,468 shares outstanding)

19,490,000 US dollars

Treasury shares (2,281 and 2,433 shares)

negative 406,423,000 US dollars

Gross equity (calculated)

9,378,987,000 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.