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CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
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(In millions) | ||||||
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(Unaudited) | ||||||
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First Quarter of |
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Fiscal Year End |
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2018 |
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2017 | ||
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As of |
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* As Adjusted | |||
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Assets |
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Current assets: |
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Cash and cash equivalents |
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$ 274.5 |
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$ 358.5 | |
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Short-term investments |
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— |
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178.9 | |
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Accounts receivable, net |
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475.7 |
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427.7 | |
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Other receivables |
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33.4 |
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42.8 | |
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Inventories |
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289.1 |
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264.6 | |
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Other current assets |
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51.9 |
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39.2 | |
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Total current assets |
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1,124.6 |
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1,311.7 |
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Property and equipment, net |
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184.3 |
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174.0 | ||
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Goodwill |
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2,726.4 |
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2,287.1 | ||
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Other purchased intangible assets, net |
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466.2 |
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364.8 | ||
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Deferred costs, non-current |
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35.6 |
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35.0 | ||
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Other non-current assets |
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136.6 |
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143.7 | ||
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Total assets |
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$ 4,673.7 |
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$ 4,316.3 |
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Liabilities and Shareholders' Equity |
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Current liabilities: |
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Short-term debt |
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$ 430.5 |
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$ 128.4 | |
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Accounts payable |
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157.4 |
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146.0 | |
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Accrued compensation and benefits |
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105.8 |
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143.9 | |
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Deferred revenue |
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324.2 |
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237.6 | |
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Accrued warranty expense |
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18.9 |
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18.3 | |
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Other current liabilities |
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110.0 |
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99.2 | |
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Total current liabilities |
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1,146.8 |
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773.4 |
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Long-term debt |
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691.8 |
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785.5 | ||
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Non-current deferred revenue |
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36.2 |
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39.0 | ||
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Deferred income tax liabilities |
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49.8 |
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47.8 | ||
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Income taxes payable |
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80.4 |
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94.1 | ||
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Other non-current liabilities |
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168.8 |
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162.0 | ||
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Total liabilities |
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2,173.8 |
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1,901.8 |
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Stockholders' equity: |
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Common stock |
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0.2 |
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0.2 | |
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Additional paid-in-capital |
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1,497.0 |
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1,461.1 | |
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Retained earnings |
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1,103.6 |
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1,084.6 | |
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Accumulated other comprehensive loss |
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(101.1) |
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(131.4) | |
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Total Trimble Inc. stockholders' equity |
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2,499.7 |
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2,414.5 | ||
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Noncontrolling interests |
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0.2 |
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— | ||
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Total stockholders' equity |
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2,499.9 |
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2,414.5 |
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Total liabilities and stockholders' equity |
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$ 4,673.7 |
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$ 4,316.3 |
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* Prior-period information has been restated for the adoption of ASC 606, Revenue from Contracts with Customers. |
