Garmin Reports Solid Third Quarter 2013 Results and Raises Full Year Outlook

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.

     
Garmin Ltd. And Subsidiaries
Free Cash Flow
(in thousands)
 
13-Weeks Ended 39-weeks Ended
Sept 28, Sept 29, Sept 28, Sept 29,
2013   2012 2013   2012
 
Net cash provided by operating activities $216,609 $164,901 $480,271 $510,034
Less: purchases of property and equipment ($11,602 )   ($9,455 ) ($41,325 )   ($26,881 )
Free Cash Flow $205,007     $155,446   $438,946     $483,153  

 

 



Contact:

Garmin Ltd.
Investor Relations:
Kerri Thurston, 913-397-8200
Email Contact
or
Media Relations:
Ted Gartner, 913-397-8200
Email Contact

 



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