CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

Second Quarter of

Fiscal Year End

2014

2013

Assets

Current assets:

   Cash and cash equivalents

$               278,919

$           147,227

   Accounts receivables, net

379,811

337,932

   Other receivables

24,779

23,143

   Inventories, net

274,371

254,311

   Deferred income taxes

42,157

38,597

   Other current assets

41,667

35,807

      Total current assets

1,041,704

837,017

Property and equipment, net

155,575

142,975

Goodwill

1,997,783

1,989,470

Other purchased intangible assets, net

553,413

619,399

Other non-current assets

118,764

111,979

      Total assets

$            3,867,239

$        3,700,840

Liabilities 

Current liabilities:

   Current portion of long-term debt

$                 60,706

$           106,402

   Accounts payable

110,066

112,522

   Accrued compensation and benefits

100,356

95,866

   Deferred revenue

207,193

159,295

   Accrued warranty expense

18,840

17,781

   Other accrued liabilities

74,431

85,124

      Total current liabilities

571,592

576,990

Non-current portion of long-term debt

595,157

652,056

Non-current deferred revenue

26,973

20,431

Deferred income taxes

132,772

136,399

Other non-current liabilities

89,950

80,982

      Total liabilities

1,416,444

1,466,858

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

1,180,271

1,106,017

   Retained earnings

1,227,944

1,081,695

   Accumulated other comprehensive income 

30,849

33,194

Total Trimble Navigation Ltd. shareholders' equity

2,439,064

2,220,906

Noncontrolling interests 

11,731

13,076

      Total equity

2,450,795

2,233,982

      Total liabilities and equity

$            3,867,239

$        3,700,840