CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Third Quarter of

Fiscal Year End

As of

2019

2018

Assets

Current assets:

Cash and cash equivalents

$

184.6

$

172.5

Accounts receivable, net

488.9

512.6

Other receivables

27.2

33.2

Inventories

290.1

298.0

Other current assets

71.0

72.8

Total current assets

1,061.8

1,089.1

Property and equipment, net

229.0

212.9

Operating lease right-of-use assets

133.7

—

Goodwill

3,534.4

3,540.0

Other purchased intangible assets, net

627.3

744.3

Deferred costs, non-current

41.9

41.3

Other non-current assets

175.8

148.8

Total assets

$

5,803.9

$

5,776.4

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$

236.3

$

256.2

Accounts payable

156.7

147.6

Accrued compensation and benefits

115.1

169.2

Deferred revenue

375.1

348.4

Accrued warranty expense

14.9

15.3

Other current liabilities

161.2

118.5

Total current liabilities

1,059.3

1,055.2

Long-term debt

1,514.0

1,712.3

Deferred revenue, non-current

43.9

38.8

Deferred income tax liabilities

75.7

73.8

Income taxes payable

73.3

71.3

Operating lease liabilities

109.0

—

Other non-current liabilities

140.6

150.2

Total liabilities

3,015.8

3,101.6

Stockholders' equity:

Common stock

0.2

0.3

Additional paid-in-capital

1,661.6

1,591.9

Retained earnings

1,332.3

1,268.3

Accumulated other comprehensive loss

(207.3)

(186.1)

Total Trimble Inc. stockholders' equity

2,786.8

2,674.4

Noncontrolling interests

1.3

0.4

Total stockholders' equity

2,788.1

2,674.8

Total liabilities and stockholders' equity

$

5,803.9

$

5,776.4