Garmin Reports First Quarter 2009 Results

Garmin Ltd. And Subsidiaries
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share information)
   
13-Weeks Ended
March 28, March 29,
2009   2008  
 
Net sales $ 436,699 $ 663,805
 
Cost of goods sold 240,704   343,690  
 
Gross profit 195,995 320,115
 
Advertising expense 23,225 38,129
Selling, general and administrative expense 59,777 59,696
Research and development expense 55,034   49,558  
Total operating expense 138,036   147,383  
 
Operating income 57,959 172,732
 
Interest income 5,097 8,327
Foreign currency (2,438 ) (3,999 )
Other (694 ) 5,383  
Total other income (expense) 1,965   9,711  
 
Income before income taxes 59,924 182,443
 
Income tax provision 11,386   34,664  
 
Net income $48,538   $147,779  
 
Net income per share:
Basic $0.24 $0.68
Diluted $0.24 $0.67
 
Weighted average common
shares outstanding:
Basic 200,352 216,505
Diluted 200,725 218,979

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Jobs
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise