Garmin 2010 Annual Report Download - page 10

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Garmin, the Garmin logo, GPSMAP, G1000, nüvi, zu¯ mo, Approach, Forerunner, Edge, StreetPilot, Astro, Dakota, Oregon and Digital Cyclone are trademarks of Garmin Ltd. or its subsidiaries and
are registered in one or more countries, including the U.S.
G3000, G5000, d zl, GTU, BirdsEye, chirp, Vector, Garmin Tracker, echo, HSVT, SVT, ecoRoute, ANT+, GNS, nüLink!, Garmin Connect and Pilot My-Cast are trademarks of Garmin Ltd. or its subsidiaries.
(1) Audit Committee (2) Nominating and Corporate Governance Committee (3) Compensation Committee
Dr. Min H. Kao
Chairman and Chief Executive Officer
Clifton A. Pemble
President and Chief Operating Officer
Kevin S. Rauckman
Chief Financial Officer and Treasurer
Andrew R. Etkind
Vice President, General Counsel
and Secretary
Danny J. Bartel
Vice President, Worldwide Sales
Garmin International, Inc.
Gary V. Kelley
Vice President, Marketing
Garmin International, Inc.
Brian J. Pokorny
Vice President, Operations
Garmin International, Inc.
Sean Biddlecombe
Managing Director, EMEA
P.C. Huang
General Manager,
Garmin Corporation
Executive officers
Gene M. Betts (1) (2) (3)
Former Chief Financial Officer
Embarq Corporation
Donald H. Eller (2) (3)
Private Investor
Dr. Min H. Kao
Chairman and Chief Executive Officer
Garmin Ltd.
Charles W. Peffer (1) (2) (3)
Retired Partner
KPMG LLP
Clifton A. Pemble
President and Chief Operating Officer
Garmin Ltd.
Thomas P. Poberenzy (1) (2) (3)
Chairman
Experimental Aircraft Association (EAA)
Board of directors
Investor Relations
[email protected]
Security analysts, investment
professionals and shareholders
can find investor relations
information on the company’s
website at www.garmin.com/stock.
Transfer Agent
Computershare Trust Company, N.A.
250 Royall Street
Canton, Massachusetts, 02021
United States of America
Independent Accountants
Ernst & Young LLP
Market Information
The Common Shares of Garmin Ltd.
are traded on the Nasdaq Global Select
Market under the symbol GRMN.
Offices
Garmin Ltd.
Vorstadt 40/42
8200 Schaffhausen
Switzerland
Garmin International, Inc.
1200 East 151st Street
Olathe, Kansas, 66062
United States of America
Garmin AT, Inc.
2345 Turner Road SE
Salem, Oregon, 97302
United States of America
Garmin (Europe) Ltd.
Liberty House
Hounsdown Business Park
Southampton
SO40 9LR
United Kingdom
Garmin Corporation
No. 68, Zhangshu 2nd Road
Xizhi Dist., New Taipei City 221
Taiwan, R.O.C.
Garmin Australasia Pty. Ltd.
167 Prospect Hwy. Unit 19
Seven Hills, NSW 2147
Australia
Garmin Austria GmbH
Hauptstra e 12
Nestelbach/Graz A-8302
Austria
Garmin Belux N.V./S.A.
Rue Pierre Dupont 165
Brussels B-1140
Belgium
Garmin China Co. Ltd.
Suite 805, Air China Plaza
No. 36, Xiaoyun Road
Chaoyang District
Beijing
China
Digital Cyclone, Inc.
18791 Lake Drive E
Chanhassen, Minnesota, 55317
United States of America
Dynastream Innovations, Inc.
100 Grand Boulevard, #201
Cochrane, AB T4C 0S4
Canada
Garmin Danmark A/S
Hejrevang 19
Allerød 3450
Denmark
Garmin Deutschland GmbH
Lochhamer Schlag 5a
Gräfelfing 82166
Germany
Garmin France SAS
Immeuble Le Capitol
55, avenue des Champs Pierreux
92012 Nanterre Cedex
France
Garmin Nederland BV
Bramenberg 9
3755BT Eemnes
The Netherlands
Garmin Norge AS
Dillingtoppen 15
1570 Dilling
Norway
Garmin Iberia S.A.
C/Riera Montalegre s/n Nave 50
Poligono Indust Pomar de Dalt
Badalona 08916
Spain
Garmin Desenvolvimento de
Sistemas de Aviação e Comercio de
Tecnologias do Brasil Ltda.
Avenida Adolfo Pinheiro
1145 – Terreo
São Paulo
Brazil
Garmin Italia S.p.A.
Strada 8 Palazzo “L”
20089 Milanofiori – Rozzano
Milan
Italy
Garmin Polska sp. z o.o.
Budynek North Gate VI p.
ul. Bonifraterska 17
00-203 Warszawa
Poland
Garmin Portugal – Equipamentos de
Comunicações e de Navegação, Ltda.
Cacém Park – Armazém 2
Estrada de Paço de Arcos
2735-238 Cacém
Portugal
Garmin Singapore Pte. Ltd.
46 East Coast Road #05-06
Eastgate Singapore 428766
Singapore
Garmin Suomi Oy
Asemanrinne 9
08500 Lohja
Finland
Garmin Sweden AB
Uggledalsvägen 13
427 40
Billdal
Sweden
finAnciAl
summAry
Revenue and net income
($ in millions)
revenue
net income
$ 3,494
$ 3,180
$ 1,774
$ 2,946
$ 733
$ 855
$ 514
$704
$2,690
$ 585
$ 3.48
$ 3.89
$ 3.50
$ 2.95
Diluted EPS
($ per share)
$ 2.35
R&D expenditures
($ in millions)
$159
$ 113
$ 206
$ 238
$ 277
$14.10
$15.40
Book value per share
($ per share)
$10.57
$10.69
$ 7.12
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