GARMIN LTD (GRMN) FY2025 Q1 Balance Sheet

GARMIN LTD (GRMN) FY2025 Q1 Balance Sheet

Balance sheet as of 2025-03-29. The chart shows assets, liabilities and equity at that date.

Assets

9,787,622,000 US dollars

Current assets

5,445,184,000 US dollars

Non-current assets

4,342,438,000 US dollars

Liabilities (calculated)

1,608,144,000 US dollars

Current liabilities

1,329,706,000 US dollars

Non-current liabilities

278,438,000 US dollars

Equity

8,179,478,000 US dollars

Cash and cash equivalents

2,175,515,000 US dollars

Inventories

1,581,952,000 US dollars

Accounts receivable, net

787,133,000 US dollars

Marketable securities

498,995,000 US dollars

Prepaid expenses and other current assets

380,512,000 US dollars

Deferred costs

21,077,000 US dollars

Property and equipment, net of accumulated depreciation of $1,174,579 and $1,139,156

1,233,213,000 US dollars

Noncurrent marketable securities

1,226,464,000 US dollars

Deferred income tax assets

831,817,000 US dollars

Goodwill

616,955,000 US dollars

Operating lease right-of-use assets

170,703,000 US dollars

Other intangible assets, net

150,026,000 US dollars

Other noncurrent assets

107,477,000 US dollars

Noncurrent deferred costs

5,783,000 US dollars

Accounts payable

344,804,000 US dollars

Income taxes payable

332,217,000 US dollars

Other accrued expenses

209,473,000 US dollars

Salaries and benefits payable

204,589,000 US dollars

Deferred revenue

105,716,000 US dollars

Accrued sales program costs

71,765,000 US dollars

Accrued warranty costs

61,142,000 US dollars

Dividend payable

0 US dollars

Noncurrent operating lease liabilities

140,235,000 US dollars

Deferred income tax liabilities

104,923,000 US dollars

Noncurrent deferred revenue

25,526,000 US dollars

Noncurrent income taxes payable

6,951,000 US dollars

Other noncurrent liabilities

803,000 US dollars

Retained earnings

6,331,735,000 US dollars

Additional paid-in capital

2,255,968,000 US dollars

Common shares (194,901 and 194,901 shares authorized and issued; 192,711 and 192,468 shares outstanding)

19,490,000 US dollars

Treasury shares (2,190 and 2,433 shares)

negative 301,804,000 US dollars

Accumulated other comprehensive income (loss)

negative 125,911,000 US dollars

Gross equity (calculated)

8,607,193,000 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.