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* Prior-period information has been restated for the adoption of ASC 606, Revenue from Contracts with Customers. |
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
(In millions) | ||||||
(Unaudited) | ||||||
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| Fiscal Year End |
| Fiscal Year End |
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| 2018 |
| 2017 |
As of |
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| * As Adjusted | ||
Assets |
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Current assets: |
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| Cash and cash equivalents |
| $ 172.5 |
| $ 358.5 | |
|
| Short term investments |
| — |
| 178.9 | |
|
| Accounts receivable, net |
| 512.6 |
| 427.7 | |
|
| Other receivables |
| 33.2 |
| 42.8 | |
|
| Inventories |
| 298.0 |
| 264.6 | |
|
| Other current assets |
| 72.8 |
| 39.2 | |
|
|
| Total current assets |
| 1,089.1 |
| 1,311.7 |
|
|
|
|
|
|
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|
Property and equipment, net |
| 212.9 |
| 174.0 | ||
Goodwill |
| 3,540.0 |
| 2,287.1 | ||
Other purchased intangible assets, net |
| 744.3 |
| 364.8 | ||
Deferred costs, non-current |
| 41.3 |
| 35.0 | ||
Other non-current assets |
| 148.8 |
| 143.7 | ||
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| Total assets |
| $ 5,776.4 |
| $ 4,316.3 |
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Liabilities and Stockholders' Equity |
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Current liabilities: |
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| Short-term debt |
| $ 256.2 |
| $ 128.4 | |
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| Accounts payable |
| 147.6 |
| 146.0 | |
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| Accrued compensation and benefits |
| 169.2 |
| 143.9 | |
|
| Deferred revenue |
| 348.4 |
| 237.6 | |
|
| Accrued warranty expense |
| 15.3 |
| 18.3 | |
|
| Other current liabilities |
| 118.5 |
| 99.2 | |
|
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| Total current liabilities |
| 1,055.2 |
| 773.4 |
|
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|
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| Long-term debt |
| 1,712.3 |
| 785.5 | ||
| Non-current deferred revenue |
| 38.8 |
| 39.0 | ||
| Deferred income tax liabilities |
| 73.8 |
| 47.8 | ||
| Income taxes payable |
| 71.3 |
| 94.1 | ||
| Other non-current liabilities |
| 150.2 |
| 162.0 | ||
|
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| Total liabilities |
| 3,101.6 |
| 1,901.8 |
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| Stockholders' equity: |
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| Common stock |
| 0.3 |
| 0.2 | |
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| Additional paid-in capital |
| 1,591.9 |
| 1,461.1 | |
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| Retained earnings |
| 1,268.3 |
| 1,084.6 | |
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| Accumulated other comprehensive loss |
| (186.1) |
| (131.4) | |
| Total Trimble Inc. stockholders' equity |
| 2,674.4 |
| 2,414.5 | ||
| Noncontrolling interests |
| 0.4 |
| — | ||
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| Total stockholders' equity |
| 2,674.8 |
| 2,414.5 |
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| Total liabilities and stockholders' equity |
| $ 5,776.4 |
| $ 4,316.3 |
