CONDENSED CONSOLIDATED BALANCE SHEETS | |||
(In millions) | |||
(Unaudited) | |||
|
| |||
At the End of Year | 2021 |
| 2020 |
Assets |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents | $ 325.7 |
| $ 237.7 |
Accounts receivable, net | 624.8 |
| 620.5 |
Inventories | 363.3 |
| 301.7 |
Other current assets | 136.8 |
| 121.5 |
Total current assets | 1,450.6 |
| 1,281.4 |
Property and equipment, net | 233.2 |
| 251.8 |
Operating lease right-of-use assets | 141.0 |
| 128.9 |
Goodwill | 3,981.5 |
| 3,876.5 |
Other purchased intangible assets, net | 506.6 |
| 580.1 |
Deferred income tax assets | 502.0 |
| 510.2 |
Other non-current assets | 284.7 |
| 248.0 |
Total assets | $ 7,099.6 |
| $ 6,876.9 |
Liabilities and Stockholders' Equity |
|
|
|
Current liabilities: |
|
|
|
Short-term debt | $ — |
| $ 255.8 |
Accounts payable | 207.3 |
| 143.2 |
Accrued compensation and benefits | 231.0 |
| 166.8 |
Deferred revenue | 548.8 |
| 560.5 |
Other current liabilities | 201.5 |
| 185.0 |
Total current liabilities | 1,188.6 |
| 1,311.3 |
Long-term debt | 1,293.2 |
| 1,291.4 |
Deferred revenue, non-current | 83.0 |
| 53.3 |
Deferred income tax liabilities | 263.1 |
| 300.3 |
Income taxes payable | 54.5 |
| 62.2 |
Operating lease liabilities | 121.4 |
| 109.2 |
Other non-current liabilities | 151.1 |
| 150.6 |
Total liabilities | 3,154.9 |
| 3,278.3 |
Stockholders' equity: |
|
|
|
Common stock | 0.3 |
| 0.3 |
Additional paid-in-capital | 1,935.6 |
| 1,801.7 |
Retained earnings | 2,170.5 |
| 1,893.4 |
| Accumulated other comprehensive loss | (161.7) |
| (98.5) |
| Total Trimble Inc. stockholders' equity | 3,944.7 |
| 3,596.9 |
| Noncontrolling interests | — |
| 1.7 |
| Total stockholders' equity | 3,944.7 |
| 3,598.6 |
| Total liabilities and stockholders' equity | $ 7,099.6 |
| $ 6,876.9 |
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Trimble Announces Fourth Quarter and Full Year 2021 Results and Initiates 2022 Guidance
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