GARMIN LTD (GRMN) FY2025 Q1 P&L / Income Statement

GARMIN LTD (GRMN) FY2025 Q1 P&L / Income Statement

Income statement for 2024-12-29 through 2025-03-29. View: Business segment. Revenue and costs use their disclosed categories.

Net sales

1,535,099,000 US dollars

Cost of goods sold

650,554,000 US dollars

Gross profit

884,545,000 US dollars

Total operating expense

551,721,000 US dollars

Operating income

332,824,000 US dollars

Total other income (expense)

56,254,000 US dollars

Income before income taxes

389,078,000 US dollars

Income tax provision

56,309,000 US dollars

Net income

332,769,000 US dollars

Fitness Segment revenue

384,722,000 US dollars

Outdoor Segment revenue

438,496,000 US dollars

Aviation Segment revenue

223,114,000 US dollars

Marine Segment revenue

319,438,000 US dollars

Auto OEM Segment revenue

169,329,000 US dollars

Fitness Segment cost of revenue

164,580,000 US dollars

Outdoor Segment cost of revenue

155,960,000 US dollars

Aviation Segment cost of revenue

55,212,000 US dollars

Marine Segment cost of revenue

135,505,000 US dollars

Auto OEM Segment cost of revenue

139,297,000 US dollars

Selling, general and administrative expenses

283,601,000 US dollars

Research and development expense

268,120,000 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.