Garmin 2010 Annual Report Download - page 60
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50
Outdoor/ Automotive/
Fiscal year ended December 25, 2010 Fitness Marine Mobile Aviation
Net sales $559,592 $198,860 $1,668,939 $262,520
Cost of goods sold 195,136 74,212 995,986 78,203
Gross profit 364,456 124,648 672,953 184,317
Advertising 24,485 9,834 106,950 3,344
Selling, general and administrative expenses 58,313 23,497 188,799 17,215
Research and development 30,633 23,854 131,290 91,484
Total expenses 113,431 57,185 427,039 112,043
Operating income 251,025 67,463 245,914 72,274
Other income / (expense), net (13,553) (5,032) (40,027) (792)
Income before income taxes $237,472 $62,431 $205,887 $71,482
Outdoor/ Automotive/
Fiscal year ended December 26, 2009 Fitness Marine Mobile Aviation
Net sales $468,924 $177,644 $2,054,127 $245,745
Cost of goods sold 162,082 72,429 1,192,227 75,591
Gross profit 306,842 105,215 861,900 170,154
Advertising 23,262 9,682 118,713 3,864
Selling, general and administrative expenses 47,799 18,177 172,473 25,753
Research and development 23,776 21,448 110,907 82,247
Total expenses 94,837 49,307 402,093 111,864
Operating income 212,005 55,908 459,807 58,290
Other income / (expense), net (5,963) 1,522 28,777 (1,695)
Income before income taxes $206,042 $57,430 $488,584 $56,595
Outdoor/ Automotive/
Fiscal year 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
Advertising 27,932 14,532 160,926 4,787
Selling, general and administrative expenses 32,800 17,536 206,954 19,922
Research and development 25,419 19,374 85,610 75,706
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