CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Second Quarter of

Fiscal Year End

As of

2021

2020

Assets

Current assets:

Cash and cash equivalents

$

484.4

$

237.7

Accounts receivable, net

583.2

620.5

Inventories

298.5

301.7

Other current assets

128.4

121.5

Total current assets

1,494.5

1,281.4

Property and equipment, net

229.3

251.8

Operating lease right-of-use assets

114.4

128.9

Goodwill

3,846.8

3,876.5

Other purchased intangible assets, net

508.3

580.1

Deferred income tax assets

504.7

510.2

Other non-current assets

264.2

248.0

Total assets

$

6,962.2

$

6,876.9

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$

89.1

$

255.8

Accounts payable

181.4

143.2

Accrued compensation and benefits

180.2

166.8

Deferred revenue

536.5

560.5

Other current liabilities

181.3

185.0

Total current liabilities

1,168.5

1,311.3

Long-term debt

1,292.3

1,291.4

Deferred revenue, non-current

69.6

53.3

Deferred income tax liabilities

288.8

300.3

Income taxes payable

54.5

62.2

Operating lease liabilities

96.8

109.2

Other non-current liabilities

153.1

150.6

Total liabilities

3,123.6

3,278.3

Stockholders' equity:

Common stock

0.3

0.3

Additional paid-in-capital

1,873.0

1,801.7

Retained earnings

2,077.2

1,893.4

Accumulated other comprehensive loss

(111.9)

(98.5)

Total Trimble Inc. stockholders' equity

3,838.6

3,596.9

Noncontrolling interests

—

1.7

Total stockholders' equity

3,838.6

3,598.6

Total liabilities and stockholders' equity

$

6,962.2

$

6,876.9