CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
(In thousands) | ||||
(Unaudited) | ||||
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At the End of Fiscal Year |
|
2012 |
|
2011 |
Assets |
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Current assets: |
|
|
|
|
Cash and cash equivalents |
|
$ 157,771 |
|
$ 154,621 |
Accounts receivables, net |
|
323,477 |
|
275,201 |
Other receivables |
|
17,327 |
|
7,103 |
Inventories, net |
|
240,529 |
|
232,063 |
Deferred income taxes |
|
43,473 |
|
44,632 |
Other current assets |
|
33,396 |
|
19,437 |
Total current assets |
|
815,973 |
|
733,057 |
|
|
|
|
|
Property and equipment, net |
|
96,890 |
|
62,724 |
Goodwill |
|
1,815,699 |
|
1,297,692 |
Other purchased intangible assets, net |
|
644,419 |
|
476,791 |
Other non-current assets |
|
96,123 |
|
82,211 |
|
|
|
|
|
Total assets |
|
$ 3,469,104 |
|
$ 2,652,475 |
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|
Liabilities |
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|
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Current liabilities: |
|
|
|
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Current portion of long-term debt |
|
$ 38,092 |
|
$ 65,918 |
Accounts payable |
|
124,532 |
|
97,956 |
Accrued compensation and benefits |
|
86,064 |
|
73,894 |
Deferred revenue |
|
138,920 |
|
105,066 |
Accrued warranty expense |
|
17,066 |
|
18,444 |
Other accrued liabilities |
|
63,996 |
|
50,045 |
Total current liabilities |
|
468,670 |
|
411,323 |
|
|
|
|
|
Non-current portion of long-term debt |
|
873,066 |
|
498,518 |
Non-current deferred revenue |
|
7,262 |
|
13,113 |
Deferred income taxes |
|
148,260 |
|
95,594 |
Other non-current liabilities |
|
58,322 |
|
45,025 |
Total liabilities |
|
1,555,580 |
|
1,063,573 |
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|
|
|
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Commitments and contingencies |
|
|
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|
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Equity |
|
|
|
|
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|
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Shareholders' equity: |
|
|
|
|
Common stock |
|
1,006,818 |
|
878,514 |
Retained earnings |
|
868,026 |
|
685,639 |
Accumulated other comprehensive income |
|
22,611 |
|
5,140 |
Total Trimble Navigation Ltd. shareholders' equity |
|
1,897,455 |
|
1,569,293 |
Noncontrolling interests |
|
16,069 |
|
19,609 |
Total equity |
|
1,913,524 |
|
1,588,902 |
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|
|
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Total liabilities and equity |
|
$ 3,469,104 |
|
$ 2,652,475 |