GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions, except per share data)

(Unaudited)

Fourth Quarter of

Fiscal Years

2017

2016

2017

2016

Dollar

% of

Dollar

% of

Dollar

% of

Dollar

% of

Amount

Revenue

Amount

Revenue

Amount

Revenue

Amount

Revenue

GROSS MARGIN:

GAAP gross margin:

$  370.0

52.2 %

$  312.8

53.4 %

$  1,392.6

52.5 %

$  1,238.0

52.4 %

Restructuring charges

( A )

2.3

0.3 %

0.5

0.1 %

3.6

0.1 %

1.7

0.1 %

Amortization of purchased intangible assets

( B )

23.3

3.3 %

18.7

3.2 %

85.8

3.2 %

88.6

3.8 %

Stock-based compensation

( C )

1.1

0.2 %

1.0

0.2 %

3.9

0.2 %

3.8

0.1 %

Amortization of acquisition-related inventory step-up

( D )

—

—%

—

—%

2.8

0.1 %

—

—%

Non-GAAP gross margin:

$  396.7

56.0 %

$  333.0

$  1,488.7

56.1 %

$  1,332.1

56.4 %

OPERATING EXPENSES:

GAAP operating expenses:

$  307.2

43.3 %

$  257.5

44.0 %

$  1,146.6

43.2 %

$  1,057.0

44.7 %

Restructuring charges

( A )

(0.4)

(0.1)%

(1.8)

(0.3)%

(6.9)

(0.2)%

(11.6)

(0.5)%

Amortization of purchased intangible assets

( B )

(16.4)

(2.2)%

(14.9)

(2.5)%

(63.0)

(2.4)%

(62.2)

(2.6)%

Stock-based compensation

( C )

(18.7)

(2.6)%

(11.6)

(2.0)%

(60.9)

(2.3)%

(48.8)

(2.1)%

Acquisition / divestiture items

( E )

(1.3)

(0.2)%

(3.4)

(0.6)%

(7.4)

(0.3)%

(6.8)

(0.3)%

Executive transition costs

( F )

—

—%

—

—%

—

—%

(1.0)

—%

Non-GAAP operating expenses:

$  270.4

38.2 %

$  225.8

38.6 %

$  1,008.4

38.0 %

$     926.6

39.2 %

OPERATING INCOME:

GAAP operating income:

$    62.8

8.9 %

$    55.3

9.4 %

$     246.0

9.3 %

$     181.0

7.7 %

Restructuring charges

( A )

2.7

0.4 %

2.3

0.4 %

10.5

0.3 %

13.3

0.6 %

Amortization of purchased intangible assets

( B )

39.7

5.5 %

33.6

5.7 %

148.8

5.6 %

150.8

6.4 %

Stock-based compensation

( C )

19.8

2.8 %

12.6

2.2 %

64.8

2.5 %

52.6

2.2 %

Amortization of acquisition-related inventory step-up

( D )

—

—%

—

—%

2.8

0.1 %

—

—%

Acquisition / divestiture items

( E )

1.3

0.2 %

3.4

0.6 %

7.4

0.3 %

6.8

0.3 %

Executive transition costs

( F )

—

—%

—

—%

—

—%

1.0

—%

Non-GAAP operating income:

$  126.3

17.8 %

$  107.2

18.3 %

$     480.3

18.1 %

$     405.5

17.2 %

NON-OPERATING INCOME (EXPENSE), NET:

GAAP non-operating income (expense), net:

$     (6.5)

$      1.5

$       13.1

$       (4.3)

Acquisition / divestiture items

( E )

8.6

(3.6)

(0.3)

(3.5)

Non-GAAP non-operating income (expense), net:

$      2.1

$     (2.1)

$       12.8

$       (7.8)

GAAP and

GAAP and

GAAP and

GAAP and

Non-GAAP

Non-GAAP

Non-GAAP

Non-GAAP

Tax Rate %

( J )

Tax Rate %

( J )

Tax Rate %

( J )

Tax Rate %

( J )

INCOME TAX PROVISION:

GAAP income tax provision:

$    91.2

162 %

$    19.1

34 %

$     137.9

53 %

$       44.5

25 %

Non-GAAP items tax effected

( G )

7.9

16.4

45.0

55.3

Difference in GAAP and Non-GAAP tax rate

( H )

15.5

(10.2)

15.5

(4.3)

Tax reform impacts

( I )

(85.0)

—

(85.0)

—

Non-GAAP income tax provision:

$    29.6

23 %

$    25.3

24 %

$     113.4

23 %

$       95.5

24 %

NET INCOME (LOSS):

GAAP net income (loss) attributable to Trimble Inc.

$   (35.0)

$    37.7

$     121.1

$     132.4

Restructuring charges

( A )

2.7

2.3

10.5

13.3

Amortization of purchased intangible assets

( B )

39.7

33.6

148.8

150.8

Stock-based compensation

( C )

19.8

12.6

64.8

52.6

Amortization of acquisition-related inventory step-up

( D )

—

—

2.8

—

Acquisition / divestiture items

( E )

9.9

(0.2)

7.1

3.3

Executive transition costs

( F )

—

—

—

1.0

Non-GAAP tax adjustments

( G ) - ( I )

61.6

(6.2)

24.5

(51.0)

Non-GAAP net income attributable to Trimble Inc.

$    98.7

$    79.8

$     379.6

$     302.4

DILUTED NET INCOME (LOSS) PER SHARE:

GAAP diluted net income (loss) per share attributable to Trimble Inc.

$   (0.14)

$    0.15

$       0.47

$       0.52

Restructuring charges

( A )

0.01

0.01

0.04

0.06

Amortization of purchased intangible assets

( B )

0.16

0.13

0.58

0.59

Stock-based compensation

( C )

0.08

0.04

0.25

0.20

Amortization of acquisition-related inventory step-up

( D )

—

—

0.01

—

Acquisition / divestiture items

( E )

0.04

—

0.03

0.01

Executive transition costs

( F )

—

—

—

—

Non-GAAP tax adjustments

( G ) - ( I )

0.24

(0.02)

0.10

(0.19)

Non-GAAP diluted net income per share attributable to Trimble Inc.

$    0.39

$    0.31

$       1.48

$       1.19