TRMB FY 2018 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2018 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$3.1B	—	$2.7B	—	17.1%
Op. Income	$321M	—	$246M	—	30.4%
Gross Margin	54.1%	—	52.5%	—	1.6pp
Net Margin	9.1%	—	4.6%	—	4.5pp
EPS (Diluted)	$1.12	—	$0.47	—	138.3%
Free Cash Flow	$419M	—	$368M	—	13.8%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.7B
R&D Expenses	$446M
Selling & Marketing	$480M
General & Administrative	$350M
SG&A Expenses	$830M
Other Expenses	$1M
Operating Expenses	$1.4B
Cost & Expenses	$2.8B
OPERATING INCOME	$321M
Interest Income	$0
Interest Expense	$73M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$278M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$283M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$283M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$283M
D&A	$239M
EBIT	$351M
EBITDA	$590M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.7B
R&D Expenses	$446M
Selling & Marketing	$480M
General & Administrative	$350M
SG&A Expenses	$830M
Other Expenses	$1M
Operating Expenses	$1.4B
Cost & Expenses	$2.8B
OPERATING INCOME	$321M
Interest Income	$0
Interest Expense	$73M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$278M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$283M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$283M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$283M
D&A	$239M
EBIT	$351M
EBITDA	$590M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$283M
Depreciation & Amortization	$215M
Stock-Based Compensation	$77M
Deferred Income Tax	$2M
Other Non-Cash Items	$15M
Change in Working Capital	-$105M
OPERATING CASH FLOW	$487M
Capital Expenditure	-$68M
Acquisitions (Net)	-$1.8B
Purchases of Investments	-$24M
Sales/Maturities of Investments	$203M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$93M
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	$989M
FREE CASH FLOW	$419M
Net Change in Cash	-$186M

Balance Sheet

Item	Amount
Cash & Equivalents	$173M
Short-Term Investments	$0
Net Receivables	$546M
Inventory	$298M
Other Current Assets	$106M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$213M
Goodwill	$3.5B
Intangible Assets	$744M
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$178M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$5.8B
Account Payables	$148M
Short-Term Debt	$256M
Deferred Revenue	$348M
Other Current Liabilities	$288M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.7B
Deferred Revenue NC	$39M
Deferred Tax Liabilities	$74M
Other Non-Current Liabilities	$222M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.1B
Common Stock	$300.0K
Additional Paid-In Capital	$1.6B
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$186M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$400.0K
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$5.8B
Total Debt	$2.0B
Net Debt	$1.8B