Garmin Ltd.
Income Statement
| Line Item | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 |
|---|---|---|---|---|---|
| Revenue | $2.69B | $2.95B | $3.44B | $3.18B | $1.91B |
| Marine | — | — | $318.0M | — | $211.0M |
| Outdoor | — | — | $0 | — | $0 |
| Fitness | — | — | $0 | — | $0 |
| Aviation | — | — | $767.0M | — | $511.0M |
| Auto | — | — | $2.35B | — | $1.18B |
| Cost of Revenue | $1.34B | $1.50B | $1.94B | $1.72B | — |
| Gross Profit | $1.35B | $1.44B | $1.55B | $1.46B | — |
| Gross Margin | 50.1% | 49.0% | 45.2% | 46.0% | — |
| Operating Expenses | |||||
| Research & Development | $277.3M | $238.4M | $206.1M | $159.4M | — |
| SG&A Expense | $287.8M | $264.2M | $277.2M | $189.6M | — |
| Operating Income | $636.7M | $786.0M | $862.0M | $907.4M | — |
| Operating Margin | 23.7% | 26.7% | 25.1% | 28.5% | — |
| Interest Expense | $1.2M | $0 | $607.0K | $207.0K | — |
| Pretax Income | $577.3M | $808.7M | $914.4M | $978.3M | — |
| Income Tax Expense | $-7.3M | $104.7M | $181.5M | $123.3M | — |
| Net Income | $584.6M | $704.0M | $732.8M | $855.0M | — |
| Net Margin | 21.7% | 23.9% | 21.3% | 26.9% | — |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | — |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Shares Outstanding (Basic) | 196.39B | 199.79B | 199.76B | — | — |
| Shares Outstanding (Diluted) | 197.41B | 200.56B | 199.76B | — | — |
| Dividends Per Share | — | — | — | — | — |