Garmin Cash Flow Statement
GRMN / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Garmin generated $1.6B in operating cash flow and $1.4B in free cash flow in FY2025. Free cash flow margin was 18.8% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.88 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.6%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.7B | $1.4B | $1.3B | $973.6M | $1.1B | $992.3M | $952.5M | $694.1M | $709.0M | $517.7M | $456.2M | $364.2M | $612.4M | $542.4M | $520.9M |
| Depreciation & Amortization | - | - | - | - | - | - | - | $64.8M | - | - | - | - | - | - | - |
| Operating Cash Flow | $1.6B | $1.4B | $1.4B | $788.3M | $1.0B | $1.1B | $698.5M | $919.5M | $660.8M | $705.7M | $280.5M | $522.7M | $630.1M | $684.7M | $822.3M |
| Capital Expenditures | $270.4M | $193.6M | $193.5M | $244.3M | $307.6M | $185.4M | $118.0M | $155.8M | $139.7M | $91.0M | $80.6M | $73.3M | $56.1M | $38.4M | $38.4M |
| Free Cash Flow | $1.4B | $1.2B | $1.2B | $544.0M | $704.8M | $949.9M | $580.5M | $763.8M | $521.1M | $614.7M | $199.9M | $449.4M | $574.0M | $646.3M | $784.0M |
| Share Buybacks | - | - | - | - | - | - | - | - | $74.5M | $93.2M | $131.4M | $241.6M | $58.4M | $18.7M | $22.3M |
| Dividends Paid | $663.9M | $572.4M | $558.8M | $679.1M | $491.5M | $450.6M | $417.3M | $296.1M | $383.0M | $481.5M | $378.1M | $360.1M | $351.7M | $253.4M | $310.8M |
| FCF Margin | 18.8% | 19.7% | 22.6% | 11.2% | 14.1% | 22.7% | 15.4% | 22.8% | 16.7% | 20.4% | 7.1% | 15.7% | 21.8% | 23.8% | 28.4% |