CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

First Quarter

Fiscal Year End

As of 

2012

2011

Assets

Current assets:

   Cash and cash equivalents

$     209,146

$         154,621

   Accounts receivables, net

324,663

275,201

   Other receivables

4,109

7,103

   Inventories, net

224,656

232,063

   Deferred income taxes

43,829

44,632

   Other current assets

27,316

19,437

      Total current assets

833,719

733,057

Property and equipment, net

66,462

62,724

Goodwill

1,379,353

1,297,692

Other purchased intangible assets, net

502,013

476,791

Other non-current assets

90,525

82,211

      Total assets

$  2,872,072

$       2,652,475

Liabilities 

Current liabilities:

   Current portion of long-term debt

$      87,929

$           65,918

   Accounts payable

103,119

97,956

   Accrued compensation and benefits

73,314

73,894

   Deferred revenue

134,165

105,066

   Accrued warranty expense

17,871

18,444

   Other accrued liabilities

49,555

50,045

      Total current liabilities

465,953

411,323

Non-current portion of long-term debt

535,204

498,518

Non-current deferred revenue

16,025

13,113

Deferred income taxes

102,940

95,594

Other non-current liabilities

48,394

45,025

      Total liabilities

1,168,516

1,063,573

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

921,780

878,514

   Retained earnings

736,457

685,639

   Accumulated other comprehensive income

28,821

5,140

Total Trimble Navigation Ltd. shareholders' equity

1,687,058

1,569,293

Noncontrolling interests 

16,498

19,609

      Total equity

1,703,556

1,588,902

      Total liabilities and equity

$  2,872,072

$       2,652,475