Trimble Reports Second Quarter 2009 Revenue of $290.1 Million and Non-GAAP Earnings Per Share of $0.31

                                    TRIMBLE
               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (In thousands)
                                  (Unaudited)
                                                         Six Months Ended
                                                         Jul-3,    Jun-27,
                                                          2009      2008
                                                          ----      ----

    Cash flow from operating activities:
        Net Income                                       $38,847  $88,666

        Adjustments to reconcile net
     income  to net cash provided by
           operating activities:
             Depreciation expense                          9,071    9,274
             Amortization expense                         25,348   21,811
             Provision for doubtful accounts               3,053      119
             Amortization of debt issuance cost              113      113
             Deferred income taxes                        (3,406)  (2,791)
             Stock-based compensation                      8,780    7,777
             Equity gain from joint ventures                (520)  (4,633)
             Gain on bargain purchase                       (386)       -
             Excess tax benefit for stock-based
              compensation                                  (304)  (5,249)
             Provision for excess and obsolete
              inventories                                  2,933    3,283
             Other non-cash items                         (2,360)       1

        Add decrease (increase) in assets:
             Accounts receivables                          4,117  (26,832)
             Other receivables                             5,242      481
             Inventories                                  (7,556)  (8,997)
             Other current and non-current assets          2,289     (464)

        Add increase (decrease) in liabilities:
             Accounts payable                              4,790    4,637
             Accrued compensation and benefits             2,808     (303)
             Accrued liabilities                           8,591     (597)
             Deferred revenue                              7,224    3,974
             Income taxes payable                              -   10,093
                                                          ------   ------
     Net cash provided by operating activities           108,674  100,363
                                                                                            -------    -------

          Cash  flow  from  investing  activities:
                    Acquisitions  of  businesses,  net  of  cash
                      acquired                                                                            (39,029)  (45,082)
                    Acquisition  of  property  and  equipment                      (7,415)    (7,932)
                    Acquisitions  of  intangible  assets                            (26,839)        (165)
                    Other                                                                                          (513)          302
                                                                                                                        ----            ---
          Net  cash  used  in  investing  activities                              (73,796)  (52,877)
                                                                                                                  -------    -------

          Cash  flow  from  financing  activities:
                    Issuance  of  common  stock                                                  5,775      15,425
                    Excess  tax  benefit  for  stock-based
                      compensation                                                                            304        5,249
                    Repurchase  and  retirement  of  common  stock                        -    (36,293)
                    Payments  on  long-term  debt  and  revolving  credit
                      lines                                                                                        (149)  (60,314)
                                                                                                                        ----    -------
          Net  cash  provided  by  (used  in)  financing
            activities                                                                                      5,930    (75,933)
                                                                                                                      -----    -------

          Effect  of  exchange  rate  changes  on  cash  and  cash
            equivalents                                                                                    1,815        5,068
                                                                                                                      -----        -----

          Net  decrease  in  cash  and  cash  equivalents                        42,623    (23,379)
          Cash  and  cash  equivalents  -  beginning  of  period          147,531    103,202
                                                                                                                  -------    -------

          Cash  and  cash  equivalents  -  end  of  period                    $190,154    $79,823
                                                                                                                ========    =======

 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise