Trimble Reports Second Quarter 2016 Results

 

 

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

       
   
 

Second Quarter of

 

Fiscal Year End

As of

2016

 

2015

       

Assets

     
       

Current assets:

     

   Cash and cash equivalents

$                231.9

 

$             116.0

   Accounts receivable, net

377.5

 

361.9

   Other receivables

36.1

 

14.9

   Inventories

241.7

 

261.1

   Other current assets

49.6

 

44.5

      Total current assets

936.8

 

798.4

       

Property and equipment, net

152.0

 

159.2

Goodwill

2,107.9

 

2,106.4

Other purchased intangible assets, net

408.9

 

487.1

Other non-current assets

146.0

 

129.6

       

      Total assets

$              3,751.6

 

$          3,680.7

       

Liabilities and Shareholders' Equity

     
       

Current liabilities:

     

   Short-term debt

$                130.3

 

$             118.3

   Accounts payable

106.7

 

99.8

   Accrued compensation and benefits

101.3

 

98.9

   Deferred revenue

280.5

 

234.6

   Accrued warranty expense

17.8

 

18.5

   Other current liabilities

84.4

 

90.8

      Total current liabilities

721.0

 

660.9

       

Long-term debt

594.7

 

611.4

Non-current deferred revenue

34.7

 

29.6

Deferred income tax liabilities

48.1

 

51.7

Other non-current liabilities

108.4

 

106.5

      Total liabilities

1,506.9

 

1,460.1

       
       

Shareholders' equity:

     

   Common stock

1,276.4

 

1,238.3

   Retained earnings

1,128.1

 

1,148.2

   Accumulated other comprehensive loss

(159.7)

 

(166.8)

Total Trimble Navigation Limited shareholders' equity           

2,244.8

 

2,219.7

Noncontrolling interests 

(0.1)

 

0.9

      Total shareholders' equity

2,244.7

 

2,220.6

       

      Total liabilities and shareholders' equity

$              3,751.6

 

$          3,680.7


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