CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

Fiscal Year End

Fiscal Year End

2013

2012

Assets

Current assets:

   Cash and cash equivalents

$          147,227

$          157,771

   Accounts receivables, net

337,932

323,477

   Other receivables

23,143

17,327

   Inventories, net

254,311

240,529

   Deferred income taxes

38,597

43,473

   Other current assets

35,807

33,396

      Total current assets

837,017

815,973

Property and equipment, net

142,975

96,890

Goodwill

1,989,470

1,815,699

Other purchased intangible assets, net

619,399

644,419

Other non-current assets

111,979

96,123

      Total assets

$       3,700,840

$      3,469,104

Liabilities 

Current liabilities:

   Current portion of long-term debt

$          106,402

$           38,092

   Accounts payable

112,522

124,532

   Accrued compensation and benefits

95,866

86,064

   Deferred revenue

159,295

138,920

   Accrued warranty expense

17,781

17,066

   Other accrued liabilities

85,124

63,996

      Total current liabilities

576,990

468,670

Non-current portion of long-term debt

652,056

873,066

Non-current deferred revenue

20,431

7,262

Deferred income taxes

136,399

148,260

Other non-current liabilities

80,982

58,322

      Total liabilities

1,466,858

1,555,580

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

1,106,017

1,006,818

   Retained earnings

1,081,695

868,026

   Accumulated other comprehensive income 

33,194

22,611

Total Trimble Navigation Ltd. shareholders' equity

2,220,906

1,897,455

Noncontrolling interests 

13,076

16,069

      Total equity

2,233,982

1,913,524

      Total liabilities and equity

$       3,700,840

$       3,469,104