Garmin Reports EPS Growth in First Quarter 2014 with Strong Revenue and Margins

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 flow less capital expenditures for property and equipment.

 
Garmin Ltd. And Subsidiaries
Free Cash Flow
(in thousands)
       
13-Weeks Ended
Mar 29, Mar 30,
  2014     2013  
 
Net cash provided by operating activities $ 71,173 $ 59,363
Less: purchases of property and equipment   ($15,537 )   ($11,616 )
Free Cash Flow $ 55,636   $ 47,747  
 

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