CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

Third Quarter of

Fiscal Year End

2013

2012

Assets

Current assets:

   Cash and cash equivalents

$         115,257

$         157,771

   Restricted cash

6,696

-

   Accounts receivables, net

361,556

323,477

   Other receivables

13,443

17,327

   Inventories, net

241,509

240,529

   Deferred income taxes

44,578

43,473

   Other current assets

45,454

33,396

      Total current assets

828,493

815,973

Property and equipment, net

136,155

96,890

Goodwill

1,938,870

1,815,699

Other purchased intangible assets, net

621,675

644,419

Other non-current assets

109,979

96,123

      Total assets

$      3,635,172

$      3,469,104

Liabilities 

Current liabilities:

   Current portion of long-term debt

$         105,202

$           38,092

   Accounts payable

105,808

124,532

   Accrued compensation and benefits

87,829

86,064

   Deferred revenue

174,407

138,920

   Accrued warranty expense

17,455

17,066

   Other accrued liabilities

78,336

63,996

      Total current liabilities

569,037

468,670

Non-current portion of long-term debt

703,862

873,066

Non-current deferred revenue

16,541

7,262

Deferred income taxes

135,494

148,260

Other non-current liabilities

70,085

58,322

      Total liabilities

1,495,019

1,555,580

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

1,077,756

1,006,818

   Retained earnings

1,025,119

868,026

   Accumulated other comprehensive income 

23,944

22,611

Total Trimble Navigation Ltd. shareholders' equity

2,126,819

1,897,455

Noncontrolling interests 

13,334

16,069

      Total equity

2,140,153

1,913,524

      Total liabilities and equity

$      3,635,172

$      3,469,104