GARMIN LTD (GRMN) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-12-28 to 2026-03-28

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GARMIN LTD cash flow reconciliation, Dec 28, 2025 through Mar 28, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $405,078,000.00Accounts receivable, net of allowance for doubtful accounts → Operating adjustments reconciliation: $301,791,000.00Stock compensation expense → Operating adjustments reconciliation: $43,323,000.00Depreciation → Operating adjustments reconciliation: $40,418,000.00Amortization → Operating adjustments reconciliation: $8,707,000.00Accounts payable → Operating adjustments reconciliation: $3,407,000.00Deferred income taxes → Operating adjustments reconciliation: $3,301,000.00Deferred costs → Operating adjustments reconciliation: $2,543,000.00Unrealized foreign currency losses (gains) → Operating adjustments reconciliation: $1,525,000.00Loss (gain) on sale or disposal of property and equipment → Operating adjustments reconciliation: $42,000.00Operating adjustments reconciliation → Net cash from operating activities: $130,910,000.00Operating adjustments reconciliation → Inventories: $95,064,000.00Operating adjustments reconciliation → Other current and non-current liabilities: $90,378,000.00Operating adjustments reconciliation → Income Taxes: $54,836,000.00Operating adjustments reconciliation → Other current and non-current assets: $29,068,000.00Operating adjustments reconciliation → Deferred revenue: $4,483,000.00Operating adjustments reconciliation → Realized (gains) losses on marketable securities: $318,000.00Redemption of marketable securities → investing reconciliation: $147,896,000.00investing reconciliation → Purchase of marketable securities: $333,342,000.00investing reconciliation → Purchases of property and equipment: $66,617,000.00investing reconciliation → Other investing activities, net: $307,000.00Net cash used in financing activities → financing reconciliation: $260,053,000.00financing reconciliation → Dividends: $173,637,000.00financing reconciliation → Purchase of treasury shares related to equity awards: $46,839,000.00financing reconciliation → Purchase of treasury shares under share repurchase plan: $39,577,000.00Net cash used in investing activities → investing reconciliation: $252,370,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,279,360,000.00Net cash from operating activities → Cash sources and uses: $535,988,000.00Cash sources and uses → Exchange-rate effect: $12,286,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,290,639,000.00Cash sources and uses → Net cash used in investing activities: $252,370,000.00Cash sources and uses → Net cash used in financing activities: $260,053,000.00Unrealized foreign currency losses (gains): $1,525,000.00Unrealized FX gain & loss+$1.53 MAmortization: $8,707,000.00Amortization expense+$8.71 MAccounts payable: $3,407,000.00Accounts payable+$3.41 MAccounts receivable, net of allowance for doubtful accounts: $301,791,000.00Accounts receivable+$301.79 MLoss (gain) on sale or disposal of property and equipment: $42,000.00PP&E disposal gain & loss+$42.00 KDeferred income taxes: $3,301,000.00Deferred taxes & credits+$3.30 MDeferred costs: $2,543,000.00Deferred costs+$2.54 MInventories: -$95,064,000.00Inventories−$95.06 MOther current and non-current liabilities: -$90,378,000.00Other operating liabilities−$90.38 MIncome Taxes: -$54,836,000.00Income tax balances−$54.84 MDepreciation: $40,418,000.00Depreciation expense+$40.42 MRealized (gains) losses on marketable securities: -$318,000.00Investment sale gain & loss−$318.00 KDeferred revenue: -$4,483,000.00Deferred revenue−$4.48 MOther current and non-current assets: -$29,068,000.00Other operating assets−$29.07 MNet income: $405,078,000.00Net income+$405.08 MStock compensation expense: $43,323,000.00Stock-based compensation+$43.32 MNet cash from operating activities: $535,988,000.00Operating cash+$535.99 MOperating adjustments reconciliation: $405,057,000.00Purchase of treasury shares under share repurchase plan: -$39,577,000.00Buyback treasury purchases−$39.58 MPurchase of treasury shares related to equity awards: -$46,839,000.00Equity award treasury purchases−$46.84 MDividends: -$173,637,000.00Dividends paid−$173.64 MNet cash used in financing activities: -$260,053,000.00. Cash required to fund net payments.Financing cash−$260.05 Mfinancing reconciliation: $260,053,000.00Purchase of marketable securities: -$333,342,000.00AFS securities purchases−$333.34 MNet payments for acquisitions: $0.00Other investing activities, net: -$307,000.00Other investing activities, net−$307.00 KPurchases of property and equipment: -$66,617,000.00PP&E purchases−$66.62 MRedemption of marketable securities: $147,896,000.00AFS securities proceeds+$147.90 MNet cash used in investing activities: -$252,370,000.00. Cash required to fund net payments.Investing cash−$252.37 Minvesting reconciliation: $400,266,000.00Cash sources and uses: $2,815,348,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,279,360,000.00Beginning cash$2.28 BEnding cash: Cash, cash equivalents, and restricted cash: $2,290,639,000.00Ending cash$2.29 BExchange-rate effect: -$12,286,000.00FX effect−$12.29 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$469.37 MOperating cash − cash spent on PP&ECash flow / Net income1.32×Operating cash flow ÷ net incomeNet cash change+$11.28 MEnding cash − beginning cash
Chart details

GARMIN LTD cash flow reconciliation, Dec 28, 2025 through Mar 28, 2026

Cash flows for Dec 28, 2025 through Mar 28, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 27, 2025. Ending cash: Mar 28, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 27, 2025
2,279,360,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
535,988,000 US dollars. Net cash provided.
Unrealized foreign currency losses (gains)
1,525,000 US dollars
Amortization
8,707,000 US dollars
Accounts payable
3,407,000 US dollars
Accounts receivable, net of allowance for doubtful accounts
301,791,000 US dollars
Loss (gain) on sale or disposal of property and equipment
42,000 US dollars
Deferred income taxes
3,301,000 US dollars
Deferred costs
2,543,000 US dollars
Inventories
negative 95,064,000 US dollars
Other current and non-current liabilities
negative 90,378,000 US dollars
Income Taxes
negative 54,836,000 US dollars
Depreciation
40,418,000 US dollars
Realized (gains) losses on marketable securities
negative 318,000 US dollars
Deferred revenue
negative 4,483,000 US dollars
Other current and non-current assets
negative 29,068,000 US dollars
Net income
405,078,000 US dollars
Stock compensation expense
43,323,000 US dollars
Investing activities
negative 252,370,000 US dollars. Net cash used.
Purchase of marketable securities
negative 333,342,000 US dollars
Net payments for acquisitions
0 US dollars
Other investing activities, net
negative 307,000 US dollars
Purchases of property and equipment
negative 66,617,000 US dollars
Redemption of marketable securities
147,896,000 US dollars
Financing activities
negative 260,053,000 US dollars. Net cash used.
Purchase of treasury shares under share repurchase plan
negative 39,577,000 US dollars
Purchase of treasury shares related to equity awards
negative 46,839,000 US dollars
Dividends
negative 173,637,000 US dollars
Operating adjustment reconciliation
405,057,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
260,053,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
400,266,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 12,286,000 US dollars
Ending cash on Mar 28, 2026
2,290,639,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,815,348,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
11,279,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.32×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
535,988,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
66,617,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
469,371,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $130.91M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 535,988,000 US dollars minus 66,617,000 US dollars equals 469,371,000 US dollars.
GARMIN LTD (GRMN) FY2026 Q1 Statement of Cash Flows Sankey chart
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