TRMB FY 2019 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.1B	—	5.0%
Op. Income	$376M	—	$321M	—	17.2%
Gross Margin	54.6%	—	54.1%	—	0.5pp
Net Margin	15.8%	—	9.1%	—	6.7pp
EPS (Diluted)	$2.03	—	$1.12	—	81.2%
Free Cash Flow	$516M	—	$419M	—	23.1%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.8B
R&D Expenses	$470M
Selling & Marketing	$504M
General & Administrative	$331M
SG&A Expenses	$835M
Other Expenses	$101M
Operating Expenses	$1.4B
Cost & Expenses	$2.9B
OPERATING INCOME	$376M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$345M
Income Tax Expense	-$170M
Net Income from Continuing Ops	$515M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$514M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$514M
D&A	$207M
EBIT	$427M
EBITDA	$634M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.8B
R&D Expenses	$470M
Selling & Marketing	$504M
General & Administrative	$331M
SG&A Expenses	$835M
Other Expenses	$101M
Operating Expenses	$1.4B
Cost & Expenses	$2.9B
OPERATING INCOME	$376M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$345M
Income Tax Expense	-$170M
Net Income from Continuing Ops	$515M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$514M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$514M
D&A	$207M
EBIT	$427M
EBITDA	$634M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$515M
Depreciation & Amortization	$207M
Stock-Based Compensation	$75M
Deferred Income Tax	-$220M
Other Non-Cash Items	-$2M
Change in Working Capital	$11M
OPERATING CASH FLOW	$585M
Capital Expenditure	-$69M
Acquisitions (Net)	-$221M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$275M
Net Debt Issuance	-$128M
Common Stock Repurchased	-$180M
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$293M
FREE CASH FLOW	$516M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$189M
Short-Term Investments	$0
Net Receivables	$608M
Inventory	$312M
Other Current Assets	$102M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$382M
Goodwill	$3.7B
Intangible Assets	$679M
Long-Term Investments	$0
Tax Assets	$476M
Other Non-Current Assets	$212M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$6.6B
Account Payables	$159M
Short-Term Debt	$219M
Deferred Revenue	$490M
Other Current Liabilities	$322M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$1.6B
Deferred Revenue NC	$52M
Deferred Tax Liabilities	$318M
Other Non-Current Liabilities	$222M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.5B
Common Stock	$200.0K
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$177M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$1M
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$2.0B
Net Debt	$1.8B