CONDENSED CONSOLIDATED BALANCE SHEETS
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| As of | ||
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| First Quarter of |
| Year End |
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| 2024 |
| 2023 |
Assets |
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|
|
Current assets: |
|
|
|
Cash and cash equivalents | $ 255.1 |
| $ 229.8 |
Accounts receivable, net | 633.0 |
| 706.6 |
Inventories | 230.0 |
| 235.7 |
Prepaid expenses | 104.1 |
| 89.8 |
Other current assets | 112.1 |
| 147.8 |
Assets held for sale | 505.8 |
| 421.2 |
Total current assets | 1,840.1 |
| 1,830.9 |
Property and equipment, net | 197.9 |
| 202.5 |
Operating lease right-of-use assets | 116.8 |
| 124.0 |
Goodwill | 5,195.7 |
| 5,350.6 |
Other purchased intangible assets, net | 1,168.3 |
| 1,243.5 |
Deferred income tax assets | 407.5 |
| 412.3 |
Other non-current assets | 394.9 |
| 375.5 |
Total assets | $ 9,321.2 |
| $ 9,539.3 |
Liabilities and Stockholders' Equity |
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|
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Current liabilities: |
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|
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Short-term debt | $ 543.4 |
| $ 530.4 |
Accounts payable | 190.9 |
| 165.3 |
Accrued compensation and benefits | 137.2 |
| 181.2 |
Deferred revenue | 720.1 |
| 663.1 |
Other current liabilities | 203.4 |
| 241.0 |
Liabilities held for sale | 40.6 |
| 48.3 |
Total current liabilities | 1,835.6 |
| 1,829.3 |
Long-term debt | 2,486.9 |
| 2,536.2 |
Deferred revenue, non-current | 98.5 |
| 98.3 |
Deferred income tax liabilities | 265.4 |
| 287.8 |
| Operating lease liabilities | 115.4 |
| 121.9 |
| Other non-current liabilities | 170.3 |
| 165.7 |
| Total liabilities | 4,972.1 |
| 5,039.2 |
| Stockholders' equity: |
|
|
|
| Common stock | 0.2 |
| 0.2 |
| Additional paid-in-capital | 2,240.7 |
| 2,214.6 |
| Retained earnings | 2,340.8 |
| 2,437.4 |
| Accumulated other comprehensive loss | (232.6) |
| (152.1) |
| Total stockholders' equity | 4,349.1 |
| 4,500.1 |
| Total liabilities and stockholders' equity | $ 9,321.2 |
| $ 9,539.3 |
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Trimble Announces First Quarter 2024 Results
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