Garmin Ltd.George Town, Cayman Islands (NASDAQ (GS): GRMN)

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Garmin Income Statement

All amounts in millions of except per share amounts.
View: Annual | Quarterly
Dec 07 Dec 06 Dec 05
Revenue 3,180.3 1,774.0 1,027.8
Cost of Goods Sold 1,717.1 891.6 492.7
Gross Profit 1,463.3 882.4 535.1
Gross Profit Margin 46.0% 49.7% 52.1%
SG&A Expense 491.9 283.4 153.3
Depreciation & Amortization 64.0 44.5 43.6
Operating Income 907.3 554.6 338.2
Operating Margin 28.5% 31.3% 32.9%
Nonoperating Income 71.1 40.0 34.5
Nonoperating Expenses 0.2 0.0 0.1
Income Before Taxes 978.3 594.5 372.6
Income Taxes 123.3 80.4 61.4
Net Income After Taxes 855.0 514.1 311.2

Continuing Operations 855.0 514.1 311.2
Discontinued Operations -- -- --
Total Operations 855.0 514.1 311.2
Total Net Income 855.0 514.1 311.2
Net Profit Margin 26.9% 29.0% 30.3%

Diluted EPS from Total Net Income ($) 3.89 2.35 1.42
Dividends per Share 0.75 0.50 0.25
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