Garmin Ltd.
Income Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Revenue | $2.95B | $3.49B | $3.18B |
| Cost of Revenue | $1.50B | $1.94B | $1.72B |
| Gross Profit | $1.44B | $1.55B | $1.46B |
| Gross Margin | 49.0% | 44.5% | 46.0% |
| Operating Expenses | |||
| Research & Development | $238.4M | $206.1M | $159.4M |
| SG&A Expense | $264.2M | $277.2M | $189.6M |
| Operating Income | $786.0M | $862.0M | $907.4M |
| Operating Margin | 26.7% | 24.7% | 28.5% |
| Interest Expense | $0 | $607.0K | $207.0K |
| Pretax Income | $808.7M | $914.4M | $978.3M |
| Income Tax Expense | $104.7M | $181.5M | $123.3M |
| Net Income | $704.0M | $732.8M | $855.0M |
| Net Margin | 23.9% | 21.0% | 26.9% |
| EPS (Basic) | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 199.79B | 199.76B | — |
| Shares Outstanding (Diluted) | 200.56B | 199.76B | — |
| Dividends Per Share | — | — | — |