Garmin reports second quarter revenue and earnings growth; Raises guidance for 2018

Free cash flow

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 less capital expenditures for property and equipment. Management believes that excluding purchases of property and equipment provides a better understanding of the underlying trends in the Company’s operating performance and allows more accurate comparisons of the Company’s operating results to historical performance. This metric may also be useful to investors, but should not be considered in isolation as it is not a measure of cash flow available for discretionary expenditures. The most comparable GAAP measure is cash provided by operating activities.

       
Garmin Ltd. And Subsidiaries
Free Cash Flow
(in thousands)
 
13-Weeks Ended 26-Weeks Ended
June 30, July 1, June 30, July 1,
2018   2017 2018   2017
 
Net cash provided by operating activities $ 223,873 $ 143,432 $ 438,063 $ 263,827
Less: purchases of property and equipment   (66,736 )     (14,275 )   (93,072 )     (39,812 )
Free Cash Flow $ 157,137     $ 129,157   $ 344,991     $ 224,015  
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise