# GARMIN LTD (GRMN) FY2025 Annual Balance Sheet

- Company: GARMIN LTD (GRMN)
- Period: As of 2025-12-27
- Filing: FY2025 10-K, filed 2026-02-18, accession number 0001193125-26-056028
- Page: https://plicit.ai/financials/grmn/fy2025-annual-balance-sheet
- Chart image: https://plicit.ai/charts/grmn-fy2025-annual-balance-sheet-sankey.png

## Chart details

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.