CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

First Quarter of

Fiscal Year End

As of

2018

Assets

Current assets:

Cash and cash equivalents

$         216.7

$           172.5

Accounts receivable, net

525.2

512.6

Other receivables

23.8

33.2

Inventories

303.7

298.0

Other current assets

72.8

Total current assets

1,147.8

1,089.1

Property and equipment, net

212.8

212.9

Operating lease right-of-use assets

121.1

—

Goodwill

3,540.8

3,540.0

Other purchased intangible assets, net

697.5

744.3

Deferred costs, non-current

41.3

41.3

Other non-current assets

158.8

148.8

Total assets

$       5,920.1

$        5,776.4

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$         246.8

$           256.2

Accounts payable

147.6

147.6

Accrued compensation and benefits

112.1

169.2

Deferred revenue

422.9

348.4

Accrued warranty expense

14.1

15.3

Other current liabilities

146.5

118.5

Total current liabilities

1,090.0

1,055.2

Long-term debt

1,647.8

1,712.3

Deferred revenue, non-current

41.5

38.8

Deferred income tax liabilities

74.7

73.8

Income taxes payable

75.3

71.3

Operating lease liabilities

95.1

—

Other non-current liabilities

152.7

150.2

Total liabilities

3,177.1

3,101.6

Stockholders' equity:

Common stock

0.3

0.3

Additional paid-in-capital

1,634.5

1,591.9

Retained earnings

1,289.4

1,268.3

Accumulated other comprehensive loss

(182.5)

(186.1)

Total Trimble Inc. stockholders' equity

2,741.7

2,674.4

Noncontrolling interests

1.3

0.4

Total stockholders' equity

2,743.0

2,674.8

Total liabilities and stockholders' equity

$       5,920.1

$        5,776.4