CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

Second Quarter

Fiscal Year End

As of 

2012

2011

Assets

Current assets:

   Cash and cash equivalents

$         121,937

$         154,621

   Accounts receivables, net

317,280

275,201

   Other receivables

14,116

7,103

   Inventories, net

227,948

232,063

   Deferred income taxes

44,689

44,632

   Other current assets

25,471

19,437

      Total current assets

751,441

733,057

Property and equipment, net

73,597

62,724

Goodwill

1,522,485

1,297,692

Other purchased intangible assets, net

526,857

476,791

Other non-current assets

98,582

82,211

      Total assets

$      2,972,962

$      2,652,475

Liabilities 

Current liabilities:

   Current portion of long-term debt

$           80,178

$          65,918

   Accounts payable

103,497

97,956

   Accrued compensation and benefits

76,864

73,894

   Deferred revenue

134,322

105,066

   Accrued warranty expense

16,719

18,444

   Other accrued liabilities

48,076

50,045

      Total current liabilities

459,656

411,323

Non-current portion of long-term debt

617,179

498,518

Non-current deferred revenue

17,377

13,113

Deferred income taxes

107,570

95,594

Other non-current liabilities

48,443

45,025

      Total liabilities

1,250,225

1,063,573

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

944,901

878,514

   Retained earnings

784,240

685,639

   Accumulated other comprehensive income (loss)

(22,375)

5,140

Total Trimble Navigation Ltd. shareholders' equity

1,706,766

1,569,293

Noncontrolling interests 

15,971

19,609

      Total equity

1,722,737

1,588,902

      Total liabilities and equity

$      2,972,962

$      2,652,475