Trimble Reports First Quarter 2018 Results

 

NEW ACCOUNTING STANDARDS ADOPTION IMPACT

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(In millions, except per share data)

(Unaudited)











Q1'17





As Reported

ASC 606 Adjustments

As Adjusted









Revenue:







Product

$           405.4

$                         4.2

$           409.6




Service

106.8

(0.2)

106.6




Subscription

101.7

(7.3)

94.4


Total revenue

613.9

(3.3)

610.6









Cost of sales:







Product

194.4

(1.0)

193.4




Service

47.1

(0.1)

47.0




Subscription

26.8

0.1

26.9




Amortization of purchased intangible assets

19.0

-

19.0


Total cost of sales

287.3

(1.0)

286.3









Gross margin

326.6

(2.3)

324.3


Gross margin (%)

53.2 %


53.1%









Operating expense:






Research and development

88.7

-

88.7



Sales and marketing

94.8

(0.4)

94.4



General and administrative

69.3

-

69.3



Restructuring charges

2.9

-

2.9



Amortization of purchased intangible assets

14.3

-

14.3




Total operating expense

270.0

(0.4)

269.6
















Operating income

56.6

(1.9)

54.7









Non-operating income (expense), net:






Interest expense, net

(6.1)

-

(6.1)



Foreign currency transaction gain, net

1.4

-

1.4



Income from equity method investments, net

4.2

-

4.2



Other income (loss), net

9.5

-

9.5




Total non-operating income (expense), net

9.0

-

9.0









Income before taxes

65.6

(1.9)

63.7









Income tax provision

15.1

(1.2)

13.9


Net income (loss)

50.5

(0.7)

49.8



Net gain attributable to noncontrolling interests

-

-

-


Net income (loss) attributable to Trimble Inc.

$             50.5

$                       (0.7)

$             49.8









Net income (loss) per share attributable to Trimble Inc.






Basic

$             0.20

$                           -

$             0.20



Diluted

$             0.20

$                     (0.01)

$             0.19









Shares used in calculating net income (loss) per share:






Basic

252.0

-

252.0



Diluted

255.9

-

255.9



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »
Featured Video
Jobs
Business Technology Analyst for Surface Water Management at Everett, Washington
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Mechanical Engineer 2 for Lam Research at Fremont, California
Principal Engineer for Autodesk at San Francisco, California
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise