| Cash Flow for Garmin Ltd. (GRMN) | | | | After Hours: $ 25.52 | 0.00 (0.00%) | Volume: 8.9 k | 4:51 PM EDT Oct 10, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 855,011 | 514,123 | 311,219 | 205,700 | 178,634 | | Depreciation & Amortization | 35,524 | 21,535 | 18,693 | 13,069 | 10,216 | | Deferred Income Taxes | (57,843) | (35,060) | 8,833 | (7,951) | (4,205) | | Operating Losses | (5,467) | (4,129) | 2,205 | (5,524) | 17,250 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (477,108) | (230,111) | (61,607) | (27,086) | (21,982) | | Decrease in Inventories | (224,180) | (92,708) | (61,262) | (61,534) | (36,102) | | Decrease in Other Current Assets | - | - | (20,213) | - | 100 | | Increase in Payables | 174,781 | 10,187 | 24,127 | 10,638 | 6,324 | | Increase in Other Current Liabilities | 309,457 | 126,272 | 107 | 63,284 | 16,647 | | Decrease in Other Working Capital | (23,569) | (2,950) | - | - | - | | Other Non-Cash Items | 60,756 | 36,113 | - | - | - | | Net Cash from Continuing Operations | 682,088 | 361,855 | 247,005 | 208,936 | 175,180 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 682,088 | 361,855 | 247,005 | 208,936 | 175,180 | | | | Sale of Property, Plant, Equipment | 5 | 76 | - | 25 | 14 | | Sale of Short Term Investments | 1,784,816 | 359,313 | - | - | 22,870 | | | Purchase of Property, Plant, Equipment | (159,696) | (96,021) | (27,130) | (78,145) | (32,770) | | Acquisitions | (128,751) | (36,499) | (1,483) | - | (38,177) | | Purchase of Short Term Investments | (1,672,041) | (453,085) | (59,106) | (104,559) | - | | Other Investment Changes, Net | (29) | (169) | (3,560) | (1,638) | (2,369) | | Cash from Investing Activities | (175,696) | (226,385) | (91,181) | (184,317) | (50,432) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 17,008 | 16,074 | 9,690 | 6,131 | 4,261 | | | Repayment of Debt | (248) | (11) | - | - | (20,000) | | Repurchase of Capital Stock | (7,780) | (50,450) | (26,653) | (3,182) | - | | Payment of Cash Dividends | (162,530) | (107,923) | (53,974) | (54,095) | (54,040) | | Other Financing Charges, Net | 17,434 | 9,660 | - | - | - | | Cash from Financing Activities | (136,116) | (132,650) | (70,937) | (51,146) | (69,779) | | | | Effect of Exchange Rate Changes | 92 | 149 | (444) | 2,107 | 2,592 | | Net Change in Cash | 370,368 | 2,969 | 84,443 | (24,420) | 57,561 | | | Cash at Beginning of Year | 337,321 | 334,352 | 249,909 | 274,329 | 216,768 | | Cash at End of Period | 707,689 | 337,321 | 334,352 | 249,909 | 274,329 | | | |
