| Garmin Ltd. And Subsidiaries | ||||||||||||||||||||
| Free Cash Flow | ||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| 13-Weeks Ended | 26-weeks Ended | |||||||||||||||||||
| June 29, | June 30, | June 29, | June 30, | |||||||||||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||||||||||
| Net cash provided by operating activities | $ | 204,298 | $ | 222,905 | $ | 263,661 | $ | 345,133 | ||||||||||||
| Less: purchases of property and equipment | ($18,107 | ) | ($11,668 | ) | ($29,723 | ) | ($17,426 | ) | ||||||||||||
| Free Cash Flow | $ | 186,191 | $ | 211,237 | $ | 233,938 | $ | 327,707 | ||||||||||||
Garmin Reports Strong Second Quarter 2013 Results and Maintains Full Year Outlook
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Management believes that free cash flow is an important financial
measure because it represents the amount of cash provided by operations
that is available for investing and defines it as operating cash flow
less capital expenditures for property and equipment.
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