GRMNGarmin Ltd.

$45B

Q3 2019 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$934M+15.4% YoY

Gross Profit

$567M60.7% margin

Operating Income

$261M28.0% margin

Net Income

$228M24.4% margin

EPS (Diluted)

$1.19

QoQ Revenue Growth

-2.1%

Cash Flow

Operating Cash Flow

$189M

Free Cash Flow

$157M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$1.4B

Stockholders' Equity

$4.4B

Cash & Equivalents

$976M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$934M	$810M	+15.4%
Gross Profit	$567M	$481M	+18.0%
Operating Income	$261M	$196M	+33.4%
Net Income	$228M	$184M	+23.7%

GRMN Q3 2019 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena