Garmin 2008 Annual Report Download - page 65

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43
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
Research and development 25,419 19,374 85,610 75,706
Selling, general and administrative expenses 60,732 32,068 367,880 24,709
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
Research and development 23,302 16,879 59,390 59,835
Selling, general and administrative expenses 41,119 25,914 305,065 24,400
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
Outdoor/ Automotive/
Fiscal
y
ear ended December 30, 2006 Fitness Marine Mobile Aviation
Net sales $285,362 $166,639 $1,089,093 $232,906
Cost of goods sold 121,724 73,687 613,902 82,301
Gross profit 163,638 92,952 475,191 150,605
Research and development 16,697 13,121 37,125 46,371
Selling, general and administrative expenses 30,176 19,307 145,113 19,917
Total expenses 46,873 32,428 182,238 66,288
Operating income 116,765 60,524 292,953 84,317
Other income / (expense), net 4,140 4,563 29,468 1,824
Income before income taxes $120,905 $65,087 $322,421 $86,141