CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Fiscal Years

As of

2019

2018

Assets

Current assets:

Cash and cash equivalents

$

189.2

$

172.5

Accounts receivable, net

608.2

512.6

Inventories

312.1

298.0

Other current assets

102.3

106.0

Total current assets

1,211.8

1,089.1

Property and equipment, net

241.4

212.9

Operating lease right-of-use assets

140.3

—

Goodwill

3,680.6

3,540.0

Other purchased intangible assets, net

678.7

744.3

Deferred income tax assets

475.5

12.2

Other non-current assets

212.4

177.9

Total assets

$

6,640.7

$

5,776.4

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$

219.0

$

256.2

Accounts payable

159.3

147.6

Accrued compensation and benefits

123.5

169.2

Deferred revenue

490.4

348.4

Other current liabilities

198.1

133.8

Total current liabilities

1,190.3

1,055.2

Long-term debt

1,624.2

1,712.3

Deferred revenue, non-current

51.5

38.8

Deferred income tax liabilities

318.2

73.8

Income taxes payable

69.1

71.3

Operating lease liabilities

114.1

—

Other non-current liabilities

152.9

150.2

Total liabilities

3,520.3

3,101.6

Stockholders' equity:

Common stock

0.2

0.3

Additional paid-in-capital

1,692.8

1,591.9

Retained earnings

1,602.8

1,268.3

Accumulated other comprehensive loss

(176.8)

(186.1)

Total Trimble Inc. stockholders' equity

3,119.0

2,674.4

Noncontrolling interests

1.4

0.4

Total stockholders' equity

3,120.4

2,674.8

Total liabilities and stockholders' equity

$

6,640.7

$

5,776.4