CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

First Quarter of

Fiscal Year End

As of

2020

2019

Assets

Current assets:

Cash and cash equivalents

$

216.8

$

189.2

Accounts receivable, net

546.6

608.2

Inventories

327.2

312.1

Other current assets

102.0

102.3

Total current assets

1,192.6

1,211.8

Property and equipment, net

244.8

241.4

Operating lease right-of-use assets

129.8

140.3

Goodwill

3,783.6

3,680.6

Other purchased intangible assets, net

681.2

678.7

Deferred income tax assets

466.1

475.5

Other non-current assets

207.6

212.4

Total assets

$

6,705.7

$

6,640.7

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$

280.7

$

219.0

Accounts payable

145.4

159.3

Accrued compensation and benefits

110.3

123.5

Deferred revenue

498.2

490.4

Other current liabilities

192.3

198.1

Total current liabilities

1,226.9

1,190.3

Long-term debt

1,694.7

1,624.2

Deferred revenue, non-current

53.3

51.5

Deferred income tax liabilities

310.1

318.2

Income taxes payable

69.1

69.1

Operating lease liabilities

104.9

114.1

Other non-current liabilities

144.4

152.9

Total liabilities

3,603.4

3,520.3

Stockholders' equity:

Common stock

0.2

0.2

Additional paid-in-capital

1,716.6

1,692.8

Retained earnings

1,615.4

1,602.8

Accumulated other comprehensive loss

(230.9)

(176.8)

Total Trimble Inc. stockholders' equity

3,101.3

3,119.0

Noncontrolling interests

1.0

1.4

Total stockholders' equity

3,102.3

3,120.4

Total liabilities and stockholders' equity

$

6,705.7

$

6,640.7