TRMB FY 2017 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2017 Earnings

Reported February 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.4B	—	12.4%
Op. Income	$246M	—	$181M	—	35.9%
Gross Margin	52.5%	—	52.4%	—	0.1pp
Net Margin	4.6%	—	5.6%	—	-1.0pp
EPS (Diluted)	$0.47	—	$0.52	—	-9.6%
Free Cash Flow	$368M	—	$381M	—	-3.3%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.4B
R&D Expenses	$370M
Selling & Marketing	$404M
General & Administrative	$302M
SG&A Expenses	$707M
Other Expenses	$5M
Operating Expenses	$1.1B
Cost & Expenses	$2.4B
OPERATING INCOME	$246M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$73M
INCOME BEFORE TAX	$259M
Income Tax Expense	$138M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$205M
EBIT	$273M
EBITDA	$478M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.4B
R&D Expenses	$370M
Selling & Marketing	$404M
General & Administrative	$302M
SG&A Expenses	$707M
Other Expenses	$5M
Operating Expenses	$1.1B
Cost & Expenses	$2.4B
OPERATING INCOME	$246M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$73M
INCOME BEFORE TAX	$259M
Income Tax Expense	$138M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$205M
EBIT	$273M
EBITDA	$478M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$183M
Stock-Based Compensation	$65M
Deferred Income Tax	$1M
Other Non-Cash Items	-$24M
Change in Working Capital	$65M
OPERATING CASH FLOW	$412M
Capital Expenditure	-$44M
Acquisitions (Net)	-$273M
Purchases of Investments	-$288M
Sales/Maturities of Investments	$220M
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$366M
Net Debt Issuance	$291M
Common Stock Repurchased	-$285M
Common Dividends Paid	$0
Other Financing Activities	-$13M
NET CASH FROM FINANCING	$79M
FREE CASH FLOW	$368M
Net Change in Cash	$142M

Balance Sheet

Item	Amount
Cash & Equivalents	$359M
Short-Term Investments	$179M
Net Receivables	$471M
Inventory	$272M
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$174M
Goodwill	$2.3B
Intangible Assets	$365M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$179M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$4.3B
Account Payables	$146M
Short-Term Debt	$128M
Deferred Revenue	$272M
Other Current Liabilities	$243M
TOTAL CURRENT LIABILITIES	$809M
Long-Term Debt	$786M
Deferred Revenue NC	$41M
Deferred Tax Liabilities	$40M
Other Non-Current Liabilities	$256M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.9B
Common Stock	$200.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$131M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$914M
Net Debt	$555M