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
Jobs
Architectural Designer II for AECOM at New York, CA
MECHANICAL ENGINEER for Peter R. Thom and Associates at ORINDA, CA
Intelligence and Image Analyst for Boeing at Las Cruces, NM
Geospatial Intelligence Analyst for Quick Services LLC at Fort Bragg, NC
Sr. Mechanical Engineer for Kateeva at Newark, CA
Mgr Mechanical Engineering 2 for Northrop Grumman at Melbourne, FL
Upcoming Events
SOLIDWORKS WORLD 2017 at LOS ANGELES, CA California - Feb 5 - 8, 2017
IIDA KNOWLEDGE FORUM: PLANNING YOUR JOB SEARCH at 125 Park Avenue Haworth New York, NY - Feb 9, 2017
Graphisoft ARCHICAD  Download a 30-Day FREE trial
Canon
Bentley:Microstation License
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