Garmin Reports Strong Revenue & Pro Forma EPS Growth in Second Quarter 2014

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.

 

Free Cash Flow
(in thousands)
 
        13-Weeks Ended         26-weeks Ended
Jun 28,       Jun 29, Jun 28,       Jun 29,
2014 2013 2014 2013
 
Net cash provided by operating activities $ 164,179 $ 204,298 $ 235,352 $ 263,661
Less: purchases of property and equipment   ($21,224 )   ($18,107 )   ($36,761 )   ($29,723 )
Free Cash Flow $ 142,955   $ 186,191   $ 198,591   $ 233,938  
 



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