CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
(In millions) | ||||||
(Unaudited) | ||||||
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Third Quarter of |
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Fiscal Year End |
As of |
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2016 |
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2015 | ||
Assets |
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Current assets: |
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Cash and cash equivalents |
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$ 213.5 |
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$ 116.0 | |
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Short term investments |
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62.1 |
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— | |
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Accounts receivable, net |
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369.2 |
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361.9 | |
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Other receivables |
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35.4 |
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14.9 | |
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Inventories |
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224.3 |
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261.1 | |
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Other current assets |
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53.4 |
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44.5 | |
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Total current assets |
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957.9 |
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798.4 |
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Property and equipment, net |
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149.4 |
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159.2 | ||
Goodwill |
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2,111.1 |
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2,106.4 | ||
Other purchased intangible assets, net |
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371.1 |
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487.1 | ||
Other non-current assets |
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141.9 |
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129.6 | ||
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Total assets |
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$ 3,731.4 |
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$ 3,680.7 |
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Liabilities and Shareholders' Equity |
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Current liabilities: |
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Short-term debt |
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$ 145.3 |
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$ 118.3 | |
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Accounts payable |
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102.0 |
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99.8 | |
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Accrued compensation and benefits |
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86.8 |
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98.9 | |
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Deferred revenue |
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259.1 |
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234.6 | |
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Accrued warranty expense |
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18.1 |
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18.5 | |
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Other current liabilities |
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82.7 |
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90.8 | |
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Total current liabilities |
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694.0 |
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660.9 |
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Long-term debt |
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524.5 |
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611.4 | ||
Non-current deferred revenue |
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35.2 |
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29.6 | ||
Deferred income tax liabilities |
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45.4 |
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51.7 | ||
Other non-current liabilities |
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112.6 |
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106.5 | ||
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Total liabilities |
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1,411.7 |
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1,460.1 |
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Shareholders' equity: |
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Common stock |
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1,316.0 |
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1,238.3 | |
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Retained earnings |
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1,159.1 |
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1,148.2 | |
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Accumulated other comprehensive loss |
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(155.2) |
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(166.8) | |
Total Trimble Navigation Limited shareholders' equity |
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2,319.9 |
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2,219.7 | ||
Noncontrolling interests |
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(0.2) |
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0.9 | ||
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Total shareholders' equity |
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2,319.7 |
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2,220.6 |
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Total liabilities and shareholders' equity |
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$ 3,731.4 |
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$ 3,680.7 |