TRMB FY 2016 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.3B	—	3.1%
Op. Income	$181M	—	$154M	—	17.2%
Gross Margin	52.4%	—	52.5%	—	-0.1pp
Net Margin	5.6%	—	5.3%	—	0.3pp
EPS (Diluted)	$0.52	—	$0.47	—	10.6%
Free Cash Flow	$381M	—	$311M	—	22.5%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.2B
R&D Expenses	$350M
Selling & Marketing	$378M
General & Administrative	$256M
SG&A Expenses	$634M
Other Expenses	$6M
Operating Expenses	$1.0B
Cost & Expenses	$2.2B
OPERATING INCOME	$181M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$177M
Income Tax Expense	$45M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$188M
EBIT	$202M
EBITDA	$388M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.2B
R&D Expenses	$350M
Selling & Marketing	$378M
General & Administrative	$256M
SG&A Expenses	$634M
Other Expenses	$6M
Operating Expenses	$1.0B
Cost & Expenses	$2.2B
OPERATING INCOME	$181M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$177M
Income Tax Expense	$45M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$188M
EBIT	$202M
EBITDA	$388M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$132M
Depreciation & Amortization	$188M
Stock-Based Compensation	$53M
Deferred Income Tax	$400.0K
Other Non-Cash Items	-$6M
Change in Working Capital	$40M
OPERATING CASH FLOW	$407M
Capital Expenditure	-$26M
Acquisitions (Net)	-$26M
Purchases of Investments	-$113M
Sales/Maturities of Investments	$2M
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$144M
Net Debt Issuance	-$110M
Common Stock Repurchased	-$120M
Common Dividends Paid	$0
Other Financing Activities	$309M
NET CASH FROM FINANCING	-$156M
FREE CASH FLOW	$381M
Net Change in Cash	$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$216M
Short-Term Investments	$111M
Net Receivables	$390M
Inventory	$219M
Other Current Assets	$43M
TOTAL CURRENT ASSETS	$979M
PP&E (Net)	$144M
Goodwill	$2.1B
Intangible Assets	$333M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$140M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$3.7B
Account Payables	$110M
Short-Term Debt	$130M
Deferred Revenue	$247M
Other Current Liabilities	$184M
TOTAL CURRENT LIABILITIES	$688M
Long-Term Debt	$490M
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$114M
TOTAL NON-CURRENT LIABILITIES	$680M
TOTAL LIABILITIES	$1.4B
Common Stock	$300.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$220M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	-$100.0K
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$620M
Net Debt	$404M