TRMB FY 2014 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2014 Earnings

Reported February 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.3B	—	4.7%
Op. Income	$261M	—	$252M	—	3.6%
Gross Margin	53.9%	—	52.6%	—	1.3pp
Net Margin	8.9%	—	9.6%	—	-0.6pp
EPS (Diluted)	$0.81	—	$0.84	—	-3.6%
Free Cash Flow	$352M	—	$344M	—	2.4%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.3B
R&D Expenses	$318M
Selling & Marketing	$388M
General & Administrative	$247M
SG&A Expenses	$635M
Other Expenses	$17M
Operating Expenses	$1.0B
Cost & Expenses	$2.1B
OPERATING INCOME	$261M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$266M
Income Tax Expense	$52M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	-$18.0K
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$192M
EBIT	$285M
EBITDA	$476M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.3B
R&D Expenses	$318M
Selling & Marketing	$388M
General & Administrative	$247M
SG&A Expenses	$635M
Other Expenses	$17M
Operating Expenses	$1.0B
Cost & Expenses	$2.1B
OPERATING INCOME	$261M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$266M
Income Tax Expense	$52M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	-$18.0K
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$192M
EBIT	$285M
EBITDA	$476M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$214M
Depreciation & Amortization	$192M
Stock-Based Compensation	$43M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$25M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$407M
Capital Expenditure	-$55M
Acquisitions (Net)	-$319M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$30M
NET CASH FROM INVESTING	-$344M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$98M
Common Dividends Paid	$0
Other Financing Activities	$70M
NET CASH FROM FINANCING	-$52M
FREE CASH FLOW	$352M
Net Change in Cash	$773.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$148M
Short-Term Investments	$0
Net Receivables	$392M
Inventory	$278M
Other Current Assets	$85M
TOTAL CURRENT ASSETS	$903M
PP&E (Net)	$157M
Goodwill	$2.1B
Intangible Assets	$595M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$116M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$3.9B
Account Payables	$104M
Short-Term Debt	$64M
Deferred Revenue	$212M
Other Current Liabilities	$188M
TOTAL CURRENT LIABILITIES	$588M
Long-Term Debt	$674M
Deferred Revenue NC	$26M
Deferred Tax Liabilities	$121M
Other Non-Current Liabilities	$96M
TOTAL NON-CURRENT LIABILITIES	$917M
TOTAL LIABILITIES	$1.5B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$61M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$12M
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$735M
Net Debt	$587M