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 | 26-Weeks Ended | ||||||||||||||||
| July 1, | June 25, | July 1, | June 25, | ||||||||||||||
| 2017 | 2016 | 2017 | 2016 | ||||||||||||||
| Net cash provided by operating activities | $143,432 | $149,985 | $263,827 | $279,372 | |||||||||||||
| Less: purchases of property and equipment | (14,275 | ) | (14,706 | ) | (39,812 | ) | (28,614 | ) | |||||||||
| Free Cash Flow | $129,157 | $135,279 | $224,015 | $250,758 | |||||||||||||
