Garmin Cash Flow Statement
NYSE: GRMNIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
Garmin free cash flow
In fiscal 2025, Garmin generated $1.63 billion of operating cash flow and spent $270.4 million on capital expenditures. That left free cash flow of $1.36 billion, a free-cash-flow margin of 18.8% of revenue. Free cash flow was up 10.0% from the prior year's $1.24 billion.
Garmin returned $663.9 million to shareholders through dividends, equal to 49% of free cash flow. Free cash flow covered dividend payments 2.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
Garmin cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-27 | FY 20242024-12-28 | FY 20232023-12-30 | FY 20222022-12-31 | FY 20212021-12-25 | FY 20202020-12-26 | FY 20192019-12-28 | FY 20182018-12-29 | FY 20172017-12-30 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.66B | 1.41B | 1.29B | 973.59M | 1.08B | 992.32M | 952.49M | 694.08M | 709.01M | 517.72M |
| Net Income growth (YoY) | +17.89% | +9.44% | +32.46% | -10.04% | +9.06% | +4.18% | +37.23% | -2.11% | +36.95% | +13.48% |
| Depreciation & Amortization | 152.61M | 140.49M | 132.35M | 118.74M | 103.50M | 78.12M | 71.92M | 64.80M | 59.90M | 55.80M |
| Stock-Based Compensation | 166.00M | 137.16M | 101.42M | 76.80M | 92.52M | 80.89M | 63.40M | 56.39M | 44.73M | 41.25M |
| Change in Working Capital | -396.11M | -269.80M | 214.38M | -329.21M | -361.99M | -49.83M | -327.82M | -20.99M | -100.55M | 35.69M |
| Operating Cash Flow | 1.63B | 1.43B | 1.38B | 788.26M | 1.01B | 1.14B | 698.55M | 919.52M | 660.84M | 705.68M |
| Capital Expenditures | -270.45M | -193.57M | -193.52M | -244.29M | -307.64M | -185.40M | -118.03M | -155.75M | -139.70M | -90.96M |
| Investing Cash Flow | -645.24M | -393.33M | -332.97M | -145.12M | -475.37M | -260.52M | -450.75M | -307.50M | -194.38M | -121.68M |
| Dividends Paid | -663.88M | -572.36M | -558.77M | -679.10M | -491.46M | -450.63M | -417.26M | -296.15M | -382.98M | -481.45M |
| Share Repurchases | — | — | — | — | — | — | — | — | -74.52M | -93.23M |
| Financing Cash Flow | -844.08M | -626.86M | -636.51M | -840.62M | -486.71M | -461.76M | -416.03M | -286.16M | -448.41M | -561.68M |
| Net Change in Cash | 199.21M | 386.00M | 414.24M | -218.93M | 40.09M | 431.11M | -174.17M | 310.05M | 44.76M | 13.67M |
| Free Cash Flow | 1.36B | 1.24B | 1.18B | 543.97M | 704.78M | 949.87M | 580.52M | 763.76M | 521.15M | 614.72M |
This table shows 10 annual periods of Garmin's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow GRMN's reporting calendar. What is a cash flow statement?