Garmin Ltd.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $2.28B | $2.08B | $1.69B | $1.28B | $1.50B | $1.46B | $1.03B | $1.20B |
| Accounts Receivable | $1.25B | $983.4M | $815.2M | $656.8M | $843.4M | $849.5M | $706.8M | $569.8M |
| Inventory | $1.77B | $1.47B | $1.35B | $1.52B | $1.23B | $762.1M | $752.9M | $561.8M |
| Total Current Assets | $6.25B | $5.34B | $4.46B | $3.96B | $4.26B | $3.67B | $3.06B | $2.67B |
| Property, Plant & Equipment | $1.38B | $1.24B | $1.22B | $1.15B | $1.07B | $855.5M | $728.9M | $663.5M |
| Goodwill | $760.2M | $603.9M | $608.5M | $568.0M | $575.1M | $584.2M | $467.1M | $301.0M |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $10.99B | $9.63B | $8.60B | $7.73B | $7.85B | $7.03B | $6.17B | $5.38B |
| Liabilities | ||||||||
| Accounts Payable | $347.5M | $359.4M | $253.8M | $212.4M | $370.0M | $258.9M | $240.8M | $205.0M |
| Total Current Liabilities | $1.72B | $1.51B | $1.31B | $1.21B | $1.45B | $1.16B | $1.04B | $921.3M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $2.02B | $1.78B | $1.59B | $1.53B | $1.74B | $1.52B | $1.37B | $1.22B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $6.97B | $6.00B | $5.26B | $4.73B | $4.32B | $3.75B | $3.23B | $2.71B |
| Total Stockholders' Equity | $8.97B | $7.85B | $7.01B | $6.20B | $6.11B | $5.52B | $4.79B | $4.16B |