CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

Third Quarter

Fiscal Year End

As of 

2012

2011

Assets

Current assets:

   Cash and cash equivalents

$     141,840

$         154,621

   Accounts receivables, net

320,904

275,201

   Other receivables

13,374

7,103

   Inventories, net

234,301

232,063

   Deferred income taxes

43,037

44,632

   Other current assets

24,569

19,437

      Total current assets

778,025

733,057

Property and equipment, net

81,653

62,724

Goodwill

1,551,886

1,297,692

Other purchased intangible assets, net

510,987

476,791

Other non-current assets

98,942

82,211

      Total assets

$  3,021,493

$      2,652,475

Liabilities 

Current liabilities:

   Current portion of long-term debt

$       89,909

$          65,918

   Accounts payable

107,719

97,956

   Accrued compensation and benefits

82,328

73,894

   Deferred revenue

127,602

105,066

   Accrued warranty expense

16,083

18,444

   Other accrued liabilities

61,425

50,045

      Total current liabilities

485,066

411,323

Non-current portion of long-term debt

553,198

498,518

Non-current deferred revenue

6,346

13,113

Deferred income taxes

99,412

95,594

Other non-current liabilities

52,418

45,025

      Total liabilities

1,196,440

1,063,573

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

965,035

878,514

   Retained earnings

836,903

685,639

   Accumulated other comprehensive income

6,692

5,140

Total Trimble Navigation Ltd. shareholders' equity

1,808,630

1,569,293

Noncontrolling interests 

16,423

19,609

      Total equity

1,825,053

1,588,902

      Total liabilities and equity

$  3,021,493

$      2,652,475