|
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
|
(In thousands) | ||||
|
(Unaudited) | ||||
|
|
|
|
|
|
|
|
|
| ||
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|
|
Second Quarter of |
|
Fiscal Year End |
|
As of |
|
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 |
|
Trimble Reports Second Quarter 2014 Results
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