Garmin Reports First Quarter Revenue and Earnings Growth

Free cash flow

Management believes that free cash flow is an important financial measure because it represents the amount of cash provided by operations that is available for investing and defines it as operating cash flow less capital expenditures for property and equipment.

                                   
Garmin Ltd. And Subsidiaries
Free Cash Flow
(in thousands)
 
13-Weeks Ended
April 1, March 26,
2017 2016
Net cash provided by operating activities $ 120,395 $ 129,387
Less: purchases of property and equipment   (25,538 )   (13,908 )
Free Cash Flow $ 94,857   $ 115,479  
 

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