Trimble Reports Third Quarter 2016 Results

CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)


			Third Quarter of	Fiscal Year End
As of			2016	2015
Assets

Current assets:
	Cash and cash equivalents		$ 213.5	$ 116.0
	Short term investments		62.1	—
	Accounts receivable, net		369.2	361.9
	Other receivables		35.4	14.9
	Inventories		224.3	261.1
	Other current assets		53.4	44.5
		Total current assets	957.9	798.4

Property and equipment, net			149.4	159.2
Goodwill			2,111.1	2,106.4
Other purchased intangible assets, net			371.1	487.1
Other non-current assets			141.9	129.6

		Total assets	$ 3,731.4	$ 3,680.7

Liabilities and Shareholders' Equity

Current liabilities:
	Short-term debt		$ 145.3	$ 118.3
	Accounts payable		102.0	99.8
	Accrued compensation and benefits		86.8	98.9
	Deferred revenue		259.1	234.6
	Accrued warranty expense		18.1	18.5
	Other current liabilities		82.7	90.8
		Total current liabilities	694.0	660.9

Long-term debt			524.5	611.4
Non-current deferred revenue			35.2	29.6
Deferred income tax liabilities			45.4	51.7
Other non-current liabilities			112.6	106.5
		Total liabilities	1,411.7	1,460.1


Shareholders' equity:
	Common stock		1,316.0	1,238.3
	Retained earnings		1,159.1	1,148.2
	Accumulated other comprehensive loss		(155.2)	(166.8)
Total Trimble Navigation Limited shareholders' equity			2,319.9	2,219.7
Noncontrolling interests			(0.2)	0.9
		Total shareholders' equity	2,319.7	2,220.6

		Total liabilities and shareholders' equity	$ 3,731.4	$ 3,680.7

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