Garmin Reports 2012 Results; Initiates $300 Million Share Repurchase Program

Net deferred revenues and costs

The following table illustrates the net effect of deferred revenues and costs associated with certain products bundled with content and services in the current quarter and year-to-date periods. These deferred revenues and costs are being amortized over the estimated economic lives of the products. Additional details will be available in the Annual Report on Form 10-K for the year ended December 29, 2012 that will be filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983) next week.

Garmin Ltd. And Subsidiaries
Net Deferred Revenue Impact (Unaudited)
(In thousands, except per share information)
       
13-Weeks Ended   14-Weeks Ended   52-Weeks Ended   53-Weeks Ended
December 29, December 31, December 29, December 31,
2012 2011 2012 2011
Net sales $ (33,035 ) $ (71,976 ) $ (68,303 ) $ (179,333 )
Cost of goods sold   (6,510 )   (14,793 )   (15,451 )   (36,117 )
Gross profit (26,525 ) (57,183 ) (52,852 ) (143,216 )
 
Operating income (26,525 ) (57,183 ) (52,852 ) (143,216 )
 
Income tax provision based on normalized tax effects   (4,386 )   (6,045 )   (6,950 )   (15,510 )
             
Net income $ (22,139 )   $ (51,138 )   $ (45,902 )   $ (127,706 )
 
Net income per share:
Basic -$0.11 -$0.26 -$0.24 -$0.66
Diluted -$0.11 -$0.26 -$0.23 -$0.66

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article
Harris

Featured Video
Jobs
Project Manager for Keystone Aerial Surveys at Philadelphia, PA
GIS Specialist for Fresno Irrigation District at Fresno, CA
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Avionics System Engineer for BAE Systems Intelligence & Security at Arlington, VA
Geospatial Analyst - Senior for BAE Systems Intelligence & Security at Springfield, VA
GIS Analyst for City of Columbia, MO at Columbia, MO
Upcoming Events
USC Spatial Science Summit at 3540 South Figueroa Los Angeles CA - Feb 23, 2018
2018 Los Angeles Geospatial Summit at USC Radisson Hotel 3540 S Figueroa St. Los Angeles CA - Feb 23, 2018
Webinar: What's New in Global Mapper v19.1 at United States - Feb 27, 2018
2018 Esri Developer Summit at Palm Springs Convention Center Palm Springs CA - Mar 6 - 9, 2018
Teledyne Optech
Teledyne:
GEOINT2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise