Garmin 2003 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2003 Garmin annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 67

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67

59
Revenues, interest income and interest expense, income before income taxes, and identifiable assets for each of the
Company’s reportable segments are presented below:
Fiscal Year Ended December 27, 2003
Consumer Aviation Total
Net sales to external customers $452,437 $120,552 $572,989
Allocated interest income 5,901 1,572 7,473
Allocated interest expense 422 112 534
Income before income taxes 182,701 43,242 225,943
Assets:
Accounts receivable 65,315 17,403 82,718
Inventories 76,429 20,365 96,794
Fiscal Year Ended December 28, 2002
Consumer Aviation Total
Net sales to external customers $350,674 $114,470 $465,144
Allocated interest income 4,875 1,591 6,466
Allocated interest expense 1,002 327 1,329
Income before income taxes 134,859 47,875 182,734
Assets:
Accounts receivable 43,942 14,336 58,278
Inventories 43,360 14,147 57,507
Fiscal Year Ended December 29, 2001
Consumer Aviation Total
Net sales to external customers $263,358 $105,761 $369,119
Allocated interest income 7,960 3,204 11,164
Allocated interest expense 1,550 624 2,174
Income before income taxes 102,511 49,524 152,035
Assets:
Accounts receivable 34,222 13,776 47,998
Inventories 43,587 17,545 61,132