Garmin Ltd.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $709.0M | $517.7M | $456.2M | $364.2M | $612.4M | $542.4M | $520.9M | $584.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $59.9M | $55.8M | $51.3M | $48.4M | $48.5M | $52.6M | $54.6M | $53.5M |
| Amortization | $20.9M | $14.3M | $7.1M | $8.4M | $17.8M | $21.4M | $24.8M | $28.7M |
| Stock-Based Compensation | $44.7M | $41.3M | $26.3M | $24.3M | $22.6M | $29.3M | $40.2M | $40.3M |
| Net Cash from Operating Activities | $660.8M | $705.7M | $280.5M | $522.7M | $630.1M | $684.7M | $822.3M | $770.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $139.7M | $91.0M | $80.6M | $73.3M | $56.1M | $38.4M | $38.4M | $32.2M |
| Business Acquisitions | $90.5M | $77.9M | $38.7M | $18.9M | $5.7M | $7.7M | $54.2M | $12.1M |
| Net Cash from Investing Activities | $-194.4M | $-121.7M | $-112.0M | — | — | $-496.2M | $-488.2M | $-72.9M |
| Financing Activities | ||||||||
| Dividends Paid | $383.0M | $481.5M | $378.1M | $360.1M | $351.7M | $253.4M | $310.8M | $298.9M |
| Stock Repurchases | $74.5M | $93.2M | $131.4M | $241.6M | $58.4M | $18.7M | $22.3M | $225.9M |
| Net Cash from Financing Activities | $-448.4M | $-561.7M | $-500.1M | — | — | $-249.8M | $-307.4M | $-510.8M |
| Net Change in Cash | $44.8M | $13.7M | $-363.2M | $17.1M | $-52.0M | $-56.0M | $26.2M | $169.4M |
| Free Cash Flow | $521.1M | $614.7M | $199.9M | $449.4M | $574.0M | $646.3M | $784.0M | $738.4M |