CONDENSED CONSOLIDATED BALANCE SHEETS | |||
(In millions) | |||
(Unaudited) | |||
|
| |||
|
| As of | ||
|
| Second Quarter of |
| Year End |
|
| 2024 |
| 2023 |
Assets |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents | $ 944.1 |
| $ 229.8 |
Accounts receivable, net | 577.0 |
| 706.6 |
Inventories | 223.1 |
| 235.7 |
Prepaid expenses | 94.8 |
| 89.8 |
Other current assets | 126.1 |
| 147.8 |
Assets held for sale | — |
| 421.2 |
Total current assets | 1,965.1 |
| 1,830.9 |
Property and equipment, net | 201.4 |
| 202.5 |
Operating lease right-of-use assets | 113.7 |
| 124.0 |
Goodwill | 5,198.3 |
| 5,350.6 |
Other purchased intangible assets, net | 1,114.6 |
| 1,243.5 |
Deferred income tax assets | 308.0 |
| 412.3 |
Equity method investments | 400.4 |
| 105.8 |
Other non-current assets | 296.3 |
| 269.7 |
Total assets | $ 9,597.8 |
| $ 9,539.3 |
Liabilities and Stockholders' Equity |
|
|
|
Current liabilities: |
|
|
|
Short-term debt | $ 400.0 |
| $ 530.4 |
Accounts payable | 175.1 |
| 165.3 |
Accrued compensation and benefits | 165.2 |
| 181.2 |
Deferred revenue | 714.6 |
| 663.1 |
Income taxes payable | 327.9 |
| 39.7 |
Other current liabilities | 195.1 |
| 201.3 |
| Liabilities held for sale | — |
| 48.3 |
| Total current liabilities | 1,977.9 |
| 1,829.3 |
| Long-term debt | 1,389.7 |
| 2,536.2 |
| Deferred revenue, non-current | 99.0 |
| 98.3 |
| Deferred income tax liabilities | 226.9 |
| 287.8 |
| Operating lease liabilities | 111.7 |
| 121.9 |
| Other non-current liabilities | 159.2 |
| 165.7 |
| Total liabilities | 3,964.4 |
| 5,039.2 |
| Stockholders' equity: |
|
|
|
| Common stock | 0.2 |
| 0.2 |
| Additional paid-in-capital | 2,275.2 |
| 2,214.6 |
| Retained earnings | 3,628.4 |
| 2,437.4 |
| Accumulated other comprehensive loss | (270.4) |
| (152.1) |
| Total stockholders' equity | 5,633.4 |
| 4,500.1 |
| Total liabilities and stockholders' equity | $ 9,597.8 |
| $ 9,539.3 |
|
Trimble Announces Second Quarter 2024 Results
|
|
||||||
|
|
|||||||
|
|||||||
