CONDENSED CONSOLIDATED BALANCE SHEETS
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| Second Quarter of |
| Year End |
As of | 2022 |
| 2021 |
Assets |
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Current assets: |
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Cash and cash equivalents | $ 350.1 |
| $ 325.7 |
Accounts receivable, net | 589.3 |
| 624.8 |
Inventories | 371.7 |
| 363.3 |
Other current assets | 163.9 |
| 136.8 |
Total current assets | 1,475.0 |
| 1,450.6 |
Property and equipment, net | 228.5 |
| 233.2 |
Operating lease right-of-use assets | 133.2 |
| 141.0 |
Goodwill | 3,886.0 |
| 3,981.5 |
Other purchased intangible assets, net | 432.9 |
| 506.6 |
Deferred income tax assets | 464.0 |
| 502.0 |
Other non-current assets | 299.9 |
| 284.7 |
Total assets | $ 6,919.5 |
| $ 7,099.6 |
Liabilities and Stockholders' Equity |
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Current liabilities: |
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Short-term debt | $ 300.0 |
| $ — |
Accounts payable | 191.7 |
| 207.3 |
Accrued compensation and benefits | 168.4 |
| 231.0 |
Deferred revenue | 599.2 |
| 548.8 |
Other current liabilities | 190.2 |
| 201.5 |
Total current liabilities | 1,449.5 |
| 1,188.6 |
Long-term debt | 994.1 |
| 1,293.2 |
Deferred revenue, non-current | 86.0 |
| 83.0 |
Deferred income tax liabilities | 198.4 |
| 263.1 |
Income taxes payable | 40.9 |
| 54.5 |
| Operating lease liabilities | 114.4 |
| 121.4 |
| Other non-current liabilities | 141.7 |
| 151.1 |
| Total liabilities | 3,025.0 |
| 3,154.9 |
| Stockholders' equity: |
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| Common stock | 0.2 |
| 0.3 |
| Additional paid-in-capital | 1,987.7 |
| 1,935.6 |
| Retained earnings | 2,145.7 |
| 2,170.5 |
| Accumulated other comprehensive loss | (239.1) |
| (161.7) |
| Total Trimble Inc. stockholders' equity | 3,894.5 |
| 3,944.7 |
| Noncontrolling interests | — |
| — |
| Total stockholders' equity | 3,894.5 |
| 3,944.7 |
| Total liabilities and stockholders' equity | $ 6,919.5 |
| $ 7,099.6 |
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Trimble Announces Second Quarter 2022 Results
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