GARMIN LTD Annual Income Tax Expense (Benefit) in USD from 2010 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Garmin Ltd quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2010 to 2023.
  • Garmin Ltd Income Tax Expense (Benefit) for the quarter ending June 29, 2024 was $65.3M, a 133% increase year-over-year.
  • Garmin Ltd Income Tax Expense (Benefit) for the twelve months ending June 29, 2024 was $151M, a 61.3% increase year-over-year.
  • Garmin Ltd annual Income Tax Expense (Benefit) for 2023 was -$89.3M, a 198% decline from 2022.
  • Garmin Ltd annual Income Tax Expense (Benefit) for 2022 was $91.4M, a 26.7% decline from 2021.
  • Garmin Ltd annual Income Tax Expense (Benefit) for 2021 was $125M, a 12.2% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 -$89.3M -$181M -198% Jan 1, 2023 Dec 30, 2023 10-K 2024-02-21
2022 $91.4M -$33.2M -26.7% Dec 26, 2021 Dec 31, 2022 10-K 2024-02-21
2021 $125M +$13.5M +12.2% Dec 27, 2020 Dec 25, 2021 10-K 2024-02-21
2020 $111M +$76.4M +220% Dec 29, 2019 Dec 26, 2020 10-K 2023-02-22
2019 $34.7M -$94.4M -73.1% Dec 30, 2018 Dec 28, 2019 10-K 2022-02-16
2018 $129M +$141M Dec 31, 2017 Dec 29, 2018 10-K 2021-02-17
2017 -$11.9M -$133M -110% Jan 1, 2017 Dec 30, 2017 10-K 2020-02-19
2016 $121M +$9.94M +8.96% Dec 27, 2015 Dec 31, 2016 10-K 2019-02-20
2015 $111M -$249M -69.1% Dec 28, 2014 Dec 26, 2015 10-K 2018-02-21
2014 $360M +$318M +774% Dec 29, 2013 Dec 27, 2014 10-K 2017-02-22
2013 $41.1M -$41M -49.9% Dec 30, 2012 Dec 28, 2013 10-K 2016-02-17
2012 $82.1M +$18.9M +29.8% Jan 1, 2012 Dec 29, 2012 10-K 2015-02-18
2011 $63.3M +$70.6M Dec 26, 2010 Dec 31, 2011 10-K 2014-02-19
2010 -$7.33M Dec 27, 2009 Dec 25, 2010 10-K 2013-02-27
* An asterisk sign (*) next to the value indicates that the value is likely invalid.