01—Abstract
Summary
Summary of the 10-Q/A filed August 30, 2011. Cited figures are marked; the original filing is the authoritative source.
Garmin Ltd.'s 10-Q filing for the period ending August 30, 2011, reveals a company navigating a dynamic market.
While specific financial performance metrics are not detailed in the provided exhibit list (which only includes Exhibit 31.1*), the overall context of a 10-Q filing suggests a review of the company's financial health, operational performance, and risk factors during the quarter. Investors would typically look for information on revenue trends, profitability, cash flow, and any significant business developments or challenges that may impact future performance.
02—Key points
Key Highlights
- The filing is a 10-Q, indicating a quarterly report on financial performance and condition.
- The provided content is limited to Exhibit 31.1*, likely a certification related to internal controls or disclosure requirements.
- Investors should consult the full 10-Q filing for detailed financial statements, management's discussion and analysis, and other crucial operational information.
- The filing date of August 30, 2011, places it in the context of the global economic environment of that period.
- Exhibit 31.1* suggests a focus on corporate governance and compliance, which are important to investor confidence.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2011, Garmin Ltd kept $0.16.
- Revenue$674.1M100.0%
- Cost of revenue−$352.0M52.2%
- Gross profit$322.1M47.8%
- Operating costs−$190.5M28.3%
- Operating income$131.6M19.5%
- Interest, other & tax−$22.1M3.3%
- Net income$109.5M16.2%
04—Financials
Financial Highlights
Figures from 10-Q/AQ2 FY2011filed August 30, 2011Financial Statements
Q2 FY2011 against Q2 FY2010
| Line item | Q2 FY2011Q2 FY2010 | Change |
|---|---|---|
| Revenue | $674.10M$728.76M | −7.5% |
| Cost of Revenue | $352.00M$337.11M | +4.4% |
| Gross Profit | $322.10M$391.65M | −17.8% |
| R&D Expenses | $70.52M$73.34M | −3.8% |
| SG&A Expenses | $85.90M$73.83M | +16.3% |
| Operating Expenses | $190.51M$189.61M | +0.5% |
| Operating Income | $131.59M$202.04M | −34.9% |
| Net Income | $109.48M$134.82M | −18.8% |
| EPS (Basic) | $0.56$0.68 | −17.6% |
| EPS (Diluted) | $0.56$0.67 | −16.4% |
| Shares Outstanding (Basic) | 194.05M198.95M | −2.5% |
| Shares Outstanding (Diluted) | 194.88M200.10M | −2.6% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q filing?
A 10-Q filing is a quarterly report filed by publicly traded companies with the SEC. It provides an update on the company's financial performance and position during the most recent fiscal quarter. Investors use it to assess the company's ongoing health and operational trends.
What financial information can I expect to find in the full 10-Q filing?
The full 10-Q filing would typically contain unaudited financial statements (income statement, balance sheet, cash flow statement), management's discussion and analysis of financial condition and results of operations, quantitative and qualitative disclosures about market risk, and other material events.
What is Exhibit 31.1*?
Exhibit 31.1* in an SEC filing typically refers to a CEO/CFO certification regarding the accuracy and completeness of the report, and the effectiveness of internal controls over financial reporting, as required by Sarbanes-Oxley Act.
Where can I find the complete financial details for Garmin Ltd. for this period?
To access the complete financial details, you would need to review the full 10-Q filing document for Garmin Ltd., filed on or around August 30, 2011, on the SEC's EDGAR database or Garmin's investor relations website.
06—Continue