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Garmin GRMN Change in Income Taxes

Change in Income Taxes at other companies

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Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInIncomeTaxes.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's change in income taxes?
Garmin (GRMN) reported change in income taxes of -$54.84M in Q1 2026.
How has Garmin's change in income taxes changed year-over-year?
Garmin's change in income taxes decreased by 256.2% year-over-year, from $35.11M to -$54.84M.
What does change in income taxes mean?
The change in the amount of income tax owed to or owed by tax authorities.
How do you interpret change in income taxes?
An increase in tax liabilities provides a temporary cash benefit, while a decrease indicates a cash outflow to settle tax obligations.
How does change in income taxes compare across companies?
Standard line item for reconciling net income to operating cash flow.