Garmin 2009 Annual Report Download - page 70

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52
Outdoor/ Automotive/
Fiscal
y
ear ended December 26, 2009 Fitness Marine Mobile Aviation
Net sales $468,924 $177,644 $2,054,127 $245,745
Cost of goods sold 162,082 72,429 1,192,227 75,591
Gross profit 306,842 105,215 861,900 170,154
Advertising 23,262 9,682 118,713 3,864
Research and development 23,776 21,448 110,907 82,247
Selling, general and administrative expenses 47,799 18,177 172,473 25,753
Total expenses 94,837 49,307 402,093 111,864
Operating income 212,005 55,908 459,807 58,290
Other income / (expense), net (5,963) 1,522 28,777 (1,695)
Income before income taxes $206,042 $57,430 $488,584 $56,595
Outdoor/ Automotive/
Fiscal
y
ear ended December 27, 2008 Fitness Marine Mobile Aviation
Net sales $427,783 $204,477 $2,538,411 $323,406
Cost of goods sold 181,037 93,052 1,560,816 105,657
Gross profit 246,746 111,425 977,595 217,749
Advertising 27,932 14,532 160,926 4,787
Research and development 25,419 19,374 85,610 75,706
Selling, general and administrative expenses 32,800 17,536 206,954 19,922
Total expenses 86,151 51,442 453,490 100,415
Operating income 160,595 59,983 524,105 117,334
Other income / (expense), net 5,391 3,921 41,634 1,403
Income before income taxes $165,986 $63,904 $565,739 $118,737
Outdoor/ Automotive/
Fiscal
y
ear ended December 29, 2007 Fitness Marine Mobile Aviation
Net sales $339,741 $203,399 $2,342,184 $294,995
Cost of goods sold 155,086 93,230 1,368,979 99,769
Gross profit 184,655 110,169 973,205 195,226
Advertising 17,170 11,387 172,910 5,481
Research and development 23,302 16,879 59,390 59,835
Selling, general and administrative expenses 23,949 14,527 132,155 18,919
Total expenses 64,421 42,793 364,455 84,235
Operating income 120,234 67,376 608,750 110,991
Other income / (expense), net 7,570 4,544 56,392 2,416
Income before income taxes $127,804 $71,920 $665,142 $113,407