CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Second Quarter of

Fiscal Year End

As of

2020

2019

Assets

Current assets:

Cash and cash equivalents

$

196.4

$

189.2

Accounts receivable, net

478.8

608.2

Inventories

338.6

312.1

Other current assets

106.2

102.3

Total current assets

1,120.0

1,211.8

Property and equipment, net

249.8

241.4

Operating lease right-of-use assets

135.3

140.3

Goodwill

3,807.5

3,680.6

Other purchased intangible assets, net

645.3

678.7

Deferred income tax assets

462.5

475.5

Other non-current assets

224.6

212.4

Total assets

$

6,645.0

$

6,640.7

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$

268.2

$

219.0

Accounts payable

128.9

159.3

Accrued compensation and benefits

133.9

123.5

Deferred revenue

481.9

490.4

Other current liabilities

157.6

198.1

Total current liabilities

1,170.5

1,190.3

Long-term debt

1,564.5

1,624.2

Deferred revenue, non-current

49.1

51.5

Deferred income tax liabilities

317.9

318.2

Income taxes payable

61.8

69.1

Operating lease liabilities

112.1

114.1

Other non-current liabilities

156.0

152.9

Total liabilities

3,431.9

3,520.3

Stockholders' equity:

Common stock

0.2

0.2

Additional paid-in-capital

1,737.6

1,692.8

Retained earnings

1,672.4

1,602.8

Accumulated other comprehensive loss

(198.3)

(176.8)

Total Trimble Inc. stockholders' equity

3,211.9

3,119.0

Noncontrolling interests

1.2

1.4

Total stockholders' equity

3,213.1

3,120.4

Total liabilities and stockholders' equity

$

6,645.0

$

6,640.7