CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

First Quarter

Fiscal Year End

As of

2013

2012

Assets

Current assets:

   Cash and cash equivalents

$    143,552

$         157,771

   Accounts receivables, net

388,850

323,477

   Other receivables

14,168

17,327

   Inventories, net

260,596

240,529

   Deferred income taxes

43,198

43,473

   Other current assets

39,586

33,396

      Total current assets

889,950

815,973

Property and equipment, net

105,603

96,890

Goodwill

1,837,937

1,815,699

Other purchased intangible assets, net

636,696

644,419

Other non-current assets

95,535

96,123

      Total assets

$  3,565,721

$      3,469,104

Liabilities 

Current liabilities:

   Current portion of long-term debt

$      91,117

$           38,092

   Accounts payable

120,838

124,532

   Accrued compensation and benefits

75,621

86,064

   Deferred revenue

187,551

138,920

   Accrued warranty expense

17,476

17,066

   Other accrued liabilities

63,851

63,996

      Total current liabilities

556,454

468,670

Non-current portion of long-term debt

829,322

873,066

Non-current deferred revenue

10,927

7,262

Deferred income taxes

136,308

148,260

Other non-current liabilities

66,842

58,322

      Total liabilities

1,599,853

1,555,580

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

1,036,779

1,006,818

   Retained earnings

916,158

868,026

   Accumulated other comprehensive income (loss)

(3,144)

22,611

Total Trimble Navigation Ltd. shareholders' equity

1,949,793

1,897,455

Noncontrolling interests 

16,075

16,069

      Total equity

1,965,868

1,913,524

      Total liabilities and equity

$  3,565,721

$      3,469,104