Garmin Ltd (GRMN)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 1,289,636 | 973,585 | 1,082,200 | 992,324 | 952,486 |
| Depreciation Amortization | 177,572 | 163,853 | 154,818 | 126,715 | 106,175 |
| Income taxes - deferred | -340,774 | -143,286 | -5,368 | 6,931 | -88,358 |
| Accounts receivable | -129,120 | 167,336 | -19,106 | -108,859 | -123,401 |
| Accounts payable and accrued liabilities | 28,503 | -131,268 | 108,946 | 1,447 | 26,192 |
| Other Working Capital | 173,673 | -275,730 | -347,806 | -58,524 | -352,785 |
| Other Operating Activity | 176,775 | 33,769 | 38,743 | 175,233 | 178,240 |
| Operating Cash Flow | $1,376,265 | $788,259 | $1,012,427 | $1,135,267 | $698,549 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -193,306 | -241,884 | -307,610 | -183,424 | -117,502 |
| Net Acquisitions | -150,853 | -13,455 | -20,175 | -148,648 | -300,289 |
| Purchase Of Investment | -170,681 | -1,051,994 | -1,508,712 | -1,052,640 | -789,352 |
| Sale Of Investment | 183,372 | 1,164,116 | 1,363,070 | 1,126,253 | 758,774 |
| Purchase Sale Intangibles | -1,504 | -1,907 | -1,942 | -2,065 | -2,377 |
| Other Investing Activity | -1,504 | -1,907 | -1,942 | -2,065 | -2,377 |
| Investing Cash Flow | $-332,972 | $-145,124 | $-475,369 | $-260,524 | $-450,746 |
| Cash Flows From Financing Activities | |||||
| Common Stock Issued | 44,063 | 62,221 | 35,733 | 15,201 | 27,122 |
| Common Stock Repurchased | -121,803 | -223,742 | -30,985 | -26,330 | -25,886 |
| Dividend Paid | -558,769 | -679,096 | -491,457 | -450,631 | -417,264 |
| Financing Cash Flow | $-636,509 | $-840,617 | $-486,709 | $-461,760 | $-416,028 |
| Exchange Rate Effect | 7,460 | -21,449 | -10,254 | 18,127 | -5,942 |
| Beginning Cash Position | 1,279,912 | 1,498,843 | 1,458,748 | 1,027,638 | 1,201,805 |
| End Cash Position | 1,694,156 | 1,279,912 | 1,498,843 | 1,458,748 | 1,027,638 |
| Net Cash Flow | $414,244 | $-218,931 | $40,095 | $431,110 | $-174,167 |
| Free Cash Flow | |||||
| Operating Cash Flow | 1,376,265 | 788,259 | 1,012,427 | 1,135,267 | 698,549 |
| Capital Expenditure | -193,524 | -244,286 | -307,645 | -185,401 | -118,031 |
| Free Cash Flow | 1,182,741 | 543,973 | 704,782 | 949,866 | 580,518 |