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 | 52-weeks Ended | ||||||||||||||||||
| Dec 27, | Dec 28, | Dec 27, | Dec 28, | ||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||||
| Net cash provided by operating activities | $ | 145,017 | $ | 149,813 | $ | 522,711 | $ | 630,084 | |||||||||||
| Less: purchases of property and equipment | ($18,510 | ) | ($14,758 | ) | ($73,339 | ) | ($56,083 | ) | |||||||||||
| Plus: taxes paid related to inter-company restructuring | - | - | $ | 78,137 | - | ||||||||||||||
| Free Cash Flow | $ | 126,507 | $ | 135,055 | $ | 527,509 | $ | 574,001 | |||||||||||
