CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

First Quarter of

Fiscal Year End

As of

2017

2016

Assets

Current assets:

Cash and cash equivalents

$         280.8

$           216.1

Short-term investments

141.8

111.1

Accounts receivable, net

394.7

354.8

Other receivables

30.5

35.4

Inventories

221.1

218.8

Other current assets

46.6

42.5

Total current assets

1,115.5

978.7

Property and equipment, net

142.8

144.2

Goodwill

2,128.6

2,077.6

Other purchased intangible assets, net

361.6

333.3

Other non-current assets

148.9

140.0

Total assets

$       3,897.4

$        3,673.8

Liabilities and Shareholders' Equity

Current liabilities:

Short-term debt

$         138.3

$           130.3

Accounts payable

115.9

109.8

Accrued compensation and benefits

85.8

97.5

Deferred revenue

299.3

246.5

Accrued warranty expense

17.4

17.2

Other current liabilities

102.6

86.9

Total current liabilities

759.3

Long-term debt

509.8

489.6

Non-current deferred revenue

37.7

37.7

Deferred income tax liabilities

39.2

38.8

Other non-current liabilities

130.5

113.8

Total liabilities

1,476.5

1,368.1

Stockholders' equity:

Common stock

0.3

0.3

Additional paid-in-capital

1,399.4

1,348.3

Retained earnings

1,216.1

1,177.1

Accumulated other comprehensive loss

(194.8)

(219.9)

Total Trimble Inc. stockholders' equity

2,421.0

2,305.8

Noncontrolling interests

(0.1)

(0.1)

Total stockholders' equity

2,305.7

Total liabilities and stockholders' equity

$       3,897.4

$        3,673.8