GARMIN LTD (GRMN) FY2026 Q1 Balance Sheet

GARMIN LTD (GRMN) FY2026 Q1 Balance Sheet

Balance sheet as of 2026-03-28. The chart shows assets, liabilities and equity at that date.

Assets

10,952,438,000 US dollars

Current assets

5,997,169,000 US dollars

Non-current assets

4,955,269,000 US dollars

Liabilities (calculated)

1,681,414,000 US dollars

Current liabilities

1,375,245,000 US dollars

Non-current liabilities

306,169,000 US dollars

Equity

9,271,024,000 US dollars

Cash and cash equivalents

2,289,916,000 US dollars

Inventories

1,850,282,000 US dollars

Accounts receivable, net

940,959,000 US dollars

Prepaid expenses and other current assets

489,654,000 US dollars

Marketable securities

411,034,000 US dollars

Deferred costs

15,324,000 US dollars

Noncurrent marketable securities

1,612,323,000 US dollars

Property and equipment, net of accumulated depreciation of $1,321,032 and $1,292,250

1,383,770,000 US dollars

Goodwill

750,633,000 US dollars

Deferred income tax assets

721,894,000 US dollars

Operating lease right-of-use assets

203,390,000 US dollars

Other intangible assets, net

186,866,000 US dollars

Other noncurrent assets

92,347,000 US dollars

Noncurrent deferred costs

4,046,000 US dollars

Accounts payable

344,724,000 US dollars

Income taxes payable

308,301,000 US dollars

Other accrued expenses

233,248,000 US dollars

Salaries and benefits payable

224,693,000 US dollars

Deferred revenue

100,843,000 US dollars

Accrued sales program costs

92,504,000 US dollars

Accrued warranty costs

70,932,000 US dollars

Dividend payable

0 US dollars

Noncurrent operating lease liabilities

167,612,000 US dollars

Deferred income tax liabilities

111,744,000 US dollars

Noncurrent deferred revenue

22,530,000 US dollars

Noncurrent income taxes payable

3,645,000 US dollars

Other noncurrent liabilities

638,000 US dollars

Retained earnings

7,374,974,000 US dollars

Additional paid-in capital

2,335,119,000 US dollars

Common shares, $0.10 par value (194,901 and 194,901 shares authorized and issued;192,903 and 192,620 shares outstanding)

19,490,000 US dollars

Treasury shares (1,998 and 2,281 shares)

negative 415,600,000 US dollars

Accumulated other comprehensive income (loss)

negative 42,959,000 US dollars

Gross equity (calculated)

9,729,583,000 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.