TRMB FY 2008 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2008 Earnings

Reported March 2, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	8.8%
Op. Income	$185M	—	$178M	—	4.0%
Gross Margin	48.8%	—	50.1%	—	-1.3pp
Net Margin	10.6%	—	9.6%	—	1.0pp
EPS (Diluted)	$0.57	—	$0.47	—	21.3%
Free Cash Flow	$160M	—	$174M	—	-8.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$680M
GROSS PROFIT	$649M
R&D Expenses	$148M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$290M
Other Expenses	$22M
Operating Expenses	$461M
Cost & Expenses	$1.1B
OPERATING INCOME	$185M
Interest Income	$2M
Interest Expense	$3M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$192M
Income Tax Expense	$50M
Net Income from Continuing Ops	$141M
Net Income from Discontinued Ops	$0
Other Adjustments	$41.0K
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$64M
EBIT	$194M
EBITDA	$258M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$680M
GROSS PROFIT	$649M
R&D Expenses	$148M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$290M
Other Expenses	$22M
Operating Expenses	$461M
Cost & Expenses	$1.1B
OPERATING INCOME	$185M
Interest Income	$2M
Interest Expense	$3M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$192M
Income Tax Expense	$50M
Net Income from Continuing Ops	$141M
Net Income from Discontinued Ops	$0
Other Adjustments	$41.0K
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$64M
EBIT	$194M
EBITDA	$258M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$141M
Depreciation & Amortization	$64M
Stock-Based Compensation	$0
Deferred Income Tax	-$17M
Other Non-Cash Items	$17M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$176M
Capital Expenditure	-$16M
Acquisitions (Net)	-$115M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$122M
Net Debt Issuance	$91M
Common Stock Repurchased	-$126M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$160M
Net Change in Cash	$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$148M
Short-Term Investments	$0
Net Receivables	$222M
Inventory	$161M
Other Current Assets	$58M
TOTAL CURRENT ASSETS	$588M
PP&E (Net)	$50M
Goodwill	$716M
Intangible Assets	$229M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$52M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.6B
Account Payables	$50M
Short-Term Debt	$124.0K
Deferred Revenue	$55M
Other Current Liabilities	$64M
TOTAL CURRENT LIABILITIES	$223M
Long-Term Debt	$151M
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$268M
TOTAL LIABILITIES	$491M
Common Stock	$685M
Additional Paid-In Capital	$685M
Retained Earnings	$428M
Treasury Stock	$0
Accum. Other Comp. Income	$28M
Other Equity	-$685M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$4M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$152M
Net Debt	$9M