CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Third Quarter of

Year End

As of

2021

2020

Assets

Current assets:

Cash and cash equivalents

$

513.2

$

237.7

Accounts receivable, net

580.5

620.5

Inventories

323.4

301.7

Other current assets

143.4

121.5

Total current assets

1,560.5

1,281.4

Property and equipment, net

228.5

251.8

Operating lease right-of-use assets

147.1

128.9

Goodwill

3,823.6

3,876.5

Other purchased intangible assets, net

473.5

580.1

Deferred income tax assets

496.0

510.2

Other non-current assets

274.2

248.0

Total assets

$

7,003.4

$

6,876.9

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$

29.1

$

255.8

Accounts payable

193.4

143.2

Accrued compensation and benefits

199.5

166.8

Deferred revenue

511.7

560.5

Other current liabilities

207.5

185.0

Total current liabilities

1,141.2

1,311.3

Long-term debt

1,292.8

1,291.4

Deferred revenue, non-current

77.3

53.3

Deferred income tax liabilities

277.6

300.3

Income taxes payable

54.5

62.2

Operating lease liabilities

128.5

109.2

Other non-current liabilities

149.7

150.6

Total liabilities

3,121.6

3,278.3

Stockholders' equity:

Common stock

0.3

0.3

Additional paid-in-capital

1,914.4

1,801.7

Retained earnings

2,107.7

1,893.4

Accumulated other comprehensive loss

(140.6)

(98.5)

Total Trimble Inc. stockholders' equity

3,881.8

3,596.9

Noncontrolling interests

—

1.7

Total stockholders' equity

3,881.8

3,598.6

Total liabilities and stockholders' equity

$

7,003.4

$

6,876.9