Garmin 2010 Annual Report Download - page 13

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Garmin Ltd.
2010 Form 10-K Annual Report
Table of Contents
Cautionary Statement With Respect To Forward-Looking Comments ....................................................... 4
Part I
Item 1. Business ................................................................................................................................................. 4
Item 1A. Risk Factors........................................................................................................................................... 23
Item 1B. Unresolved Staff Comments ............................................................................................................... 34
Item 2. Properties ............................................................................................................................................. 34
Item 3. Legal Proceedings ................................................................................................................................ 35
Item 4. Removed and Reserved
Executive Officers of the Registrant..................................................................................................... 37
Part II
Item 5. Maket fo Registats Coo Euit, Related Stokholde Mattes ad Issue Puhases of
Equity Securities ................................................................................................................................... 39
Item 6. Selected Financial Data ........................................................................................................................ 40
Item 7. Management's Discussion and Analysis of Financial Condition and Results of
Operations ........................................................................................................................................... 42
Item 7A. Quantitative and Qualitative Disclosures About Market Risk .............................................................. 59
Item 8. Financial Statements and Supplementary Data ................................................................................... 61
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure ............................................................................................................................................. 90
Item 9A. Controls and Procedures ...................................................................................................................... 90
Item 9B. Other Information ................................................................................................................................ 92
Part III
Item 10. Directors, Executive Officers and Corporate Governance ................................................................... 93
Item 11. Executive Compensation ...................................................................................................................... 94
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters ................................................................................................................................................ 94
Item 13. Certain Relationships and Related Transactions, and Director Independence .................................... 95
Item 14. Principal Accounting Fees and Services ............................................................................................... 95
Part IV
Item 15. Exhibits, Financial Statement Schedules .............................................................................................. 96
Signatures .......................................................................................................................................... 101
Statutory Financial Statements ........................................................................................................... S-1