CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

Third Quarter of

Fiscal Year End

2014

2013

Assets

Current assets:

   Cash and cash equivalents

$         139,477

$         147,227

   Accounts receivables, net

358,504

337,932

   Other receivables

29,791

23,143

   Inventories, net

278,028

254,311

   Deferred income taxes

44,743

38,597

   Other current assets

45,659

35,807

      Total current assets

896,202

837,017

Property and equipment, net

153,823

142,975

Goodwill

2,051,560

1,989,470

Other purchased intangible assets, net

571,923

619,399

Other non-current assets

126,027

111,979

      Total assets

$      3,799,535

$      3,700,840

Liabilities 

Current liabilities:

   Current portion of long-term debt

$           69,020

$         106,402

   Accounts payable

104,758

112,522

   Accrued compensation and benefits

87,980

95,866

   Deferred revenue

205,714

159,295

   Accrued warranty expense

20,422

17,781

   Other accrued liabilities

85,074

85,124

      Total current liabilities

572,968

576,990

Non-current portion of long-term debt

577,720

652,056

Non-current deferred revenue

25,274

20,431

Deferred income taxes

114,337

136,399

Other non-current liabilities

145,567

80,982

      Total liabilities

1,435,866

1,466,858

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

1,197,146

1,106,017

   Retained earnings

1,184,228

1,081,695

   Accumulated other comprehensive income (loss)

(29,509)

33,194

Total Trimble Navigation Ltd. shareholders' equity

2,351,865

2,220,906

Noncontrolling interests 

11,804

13,076

      Total equity

2,363,669

2,233,982

      Total liabilities and equity

$      3,799,535

$      3,700,840