|
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
|
(In millions) | ||||
|
(Unaudited) | ||||
|
|
|
|
|
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|
|
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| ||
|
|
|
First Quarter of |
|
Fiscal Year End |
|
As of |
|
2015 |
|
2014 |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
Cash and cash equivalents |
|
$ 145.7 |
|
$ 148.0 |
|
Accounts receivable, net |
|
383.0 |
|
362.0 |
|
Other receivables |
|
20.4 |
|
29.5 |
|
Inventories, net |
|
276.0 |
|
278.1 |
|
Deferred income taxes |
|
47.1 |
|
45.6 |
|
Other current assets |
|
44.8 |
|
39.4 |
|
Total current assets |
|
917.0 |
|
902.6 |
|
|
|
|
|
|
|
Property and equipment, net |
|
155.2 |
|
157.4 |
|
Goodwill |
|
2,059.4 |
|
2,101.2 |
|
Other purchased intangible assets, net |
|
546.2 |
|
594.5 |
|
Other non-current assets |
|
119.9 |
|
118.6 |
|
|
|
|
|
|
|
Total assets |
|
$ 3,797.7 |
|
$ 3,874.3 |
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
Current portion of long-term debt |
|
$ 133.1 |
|
$ 64.4 |
|
Accounts payable |
|
114.0 |
|
103.8 |
|
Accrued compensation and benefits |
|
81.1 |
|
98.9 |
|
Deferred revenue |
|
255.4 |
|
211.6 |
|
Accrued warranty expense |
|
19.0 |
|
20.6 |
|
Other accrued liabilities |
|
95.7 |
|
89.0 |
|
Total current liabilities |
|
698.3 |
|
588.3 |
|
|
|
|
|
|
|
Non-current portion of long-term debt |
|
530.3 |
|
674.0 |
|
Non-current deferred revenue |
|
27.0 |
|
26.3 |
|
Deferred income taxes |
|
110.8 |
|
121.1 |
|
Other non-current liabilities |
|
90.7 |
|
95.8 |
|
Total liabilities |
|
1,457.1 |
|
1,505.5 |
|
|
|
|
|
|
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
|
|
|
|
Shareholders' equity: |
|
|
|
|
|
Common stock |
|
1,233.3 |
|
1,207.3 |
|
Retained earnings |
|
1,234.5 |
|
1,211.0 |
|
Accumulated other comprehensive loss |
|
(128.4) |
|
(61.3) |
|
Total Trimble Navigation Ltd. shareholders' equity |
|
2,339.4 |
|
2,357.0 |
|
Noncontrolling interests |
|
1.2 |
|
11.8 |
|
Total equity |
|
2,340.6 |
|
2,368.8 |
|
|
|
|
|
|
|
Total liabilities and equity |
|
$ 3,797.7 |
|
$ 3,874.3 |
|
Trimble Reports First Quarter 2015 Results
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