Garmin 2010 Annual Report Download - page 59
Download and view the complete annual report
Please find page 59 of the 2010 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.-
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 -
68 -
69 -
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
 |
 |
49
Dec. 25, Dec. 26, Dec. 27,
2010 2009 2008
Net sales 100% 100% 100%
Cost of goods sold 50% 51% 55%
Gross profit 50% 49% 45%
Operating expenses:
Advertising 5% 5% 6%
Selling, general and administrative 11% 9% 8%
Research and development 10% 8% 6%
Total operating expenses 26% 22% 20%
Operating income 24% 27% 25%
Other income / (expense) , net -2% 0% 1%
Income before income taxes 22% 27% 26%
Provision for income taxes 0% 3% 5%
Net income 22% 24% 21%
Fiscal Years Ended
The following table sets forth our results of operations through income before income taxes for each of
ou fou segets duig the peiod sho. Fo eah lie ite i the tale the total of the segets aouts
equals the amount in the consolidated statements of income data included in Item 6.