Garmin Reports First Quarter 2012 Results with Revenue and Pro Forma EPS Growth

Net deferred revenues and costs

The following table illustrates the effect of deferred revenues and costs, net of the amortization of previous deferrals, associated with certain products bundled with content and services. These deferred revenues and costs are being amortized over the estimated economic lives of the products. Additional details will be available in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 and are available in the Annual Report on Form 10-K for the year ended December 31, 2011 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983).

     
Garmin Ltd. And Subsidiaries
Net Deferred Revenue Impact (Unaudited)
(In thousands, except per share information)
 
13-Weeks Ended
March 31, March 26,
2012   2011
Net sales $ 723 $ (21,826 )
Cost of goods sold   154   (3,905 )
Gross profit 569 (17,921 )
 
Operating income 569 (17,921 )
 
Income tax provision based on normalized tax effects   73   (267 )
   
Net income $ 496 $ (17,654 )
 
Net income per share:
Basic $ 0.00 $ (0.09 )
Diluted $ 0.00 $ (0.09 )
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Bentley:Be inspired

Featured Video
Jobs
Estimator / Bidder for Rulon International at Saint Augustine, FL
Mechanical Engineer II - Requisition ID 090445 for L3 Technologies at New York, NY
ECAD Designer - Data Connectivity for Delphi at Auburn Hills, MI
Upcoming Events
GI_Forum 2017 at Salzburg Austria - Jul 4 - 7, 2017
GBTA Convention at Boston Convention and Exhibition Center Massachusetts - Jul 15 - 19, 2017
ASCEND Conference & Expo at Oregon Convention Center 777 NE Martin Luther King Jr Blvd Portland OR - Jul 19 - 21, 2017
SigGRAPH 2017 at Los Angeles CA - Jul 31 - 3, 2017
Graphisoft ARCHICAD  Download a 30-Day FREE trial
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy