Garmin Reports Solid First Quarter 2015 Margins and Operating Results

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 plus one-time cash payments associated with our inter-company restructuring less capital expenditures for property and equipment.

   
Garmin Ltd. And Subsidiaries
Free Cash Flow
(in thousands)
   
13-Weeks Ended
March 28, March 29,
2015 2014
 
Net cash provided by operating activities $ 81,655 $ 71,173
Less: purchases of property and equipment   ($18,143 )   ($15,537 )
Free Cash Flow $ 63,512   $ 55,636  
 

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