TRMB FY 2022 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2022 Earnings

Reported February 17, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.7B	—	0.5%
Op. Income	$511M	—	$561M	—	-8.9%
Gross Margin	57.3%	—	55.6%	—	1.7pp
Net Margin	12.2%	—	13.5%	—	-1.2pp
EPS (Diluted)	$1.80	—	$1.94	—	-7.2%
Free Cash Flow	$348M	—	$704M	—	-50.6%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.1B
R&D Expenses	$542M
Selling & Marketing	$554M
General & Administrative	$422M
SG&A Expenses	$976M
Other Expenses	$77M
Operating Expenses	$1.6B
Cost & Expenses	$3.2B
OPERATING INCOME	$511M
Interest Income	$0
Interest Expense	$71M
Other Income/Expenses	$58M
INCOME BEFORE TAX	$569M
Income Tax Expense	$119M
Net Income from Continuing Ops	$450M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$450M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$450M
D&A	$172M
EBIT	$576M
EBITDA	$747M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.1B
R&D Expenses	$542M
Selling & Marketing	$554M
General & Administrative	$422M
SG&A Expenses	$976M
Other Expenses	$77M
Operating Expenses	$1.6B
Cost & Expenses	$3.2B
OPERATING INCOME	$511M
Interest Income	$0
Interest Expense	$71M
Other Income/Expenses	$58M
INCOME BEFORE TAX	$569M
Income Tax Expense	$119M
Net Income from Continuing Ops	$450M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$450M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$450M
D&A	$172M
EBIT	$576M
EBITDA	$747M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$450M
Depreciation & Amortization	$172M
Stock-Based Compensation	$120M
Deferred Income Tax	-$40M
Other Non-Cash Items	-$57M
Change in Working Capital	-$253M
OPERATING CASH FLOW	$391M
Capital Expenditure	-$43M
Acquisitions (Net)	-$158M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$25M
NET CASH FROM INVESTING	-$226M
Net Debt Issuance	$225M
Common Stock Repurchased	-$408M
Common Dividends Paid	$0
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$199M
FREE CASH FLOW	$348M
Net Change in Cash	-$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$271M
Short-Term Investments	$0
Net Receivables	$643M
Inventory	$403M
Other Current Assets	$128M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$340M
Goodwill	$4.1B
Intangible Assets	$498M
Long-Term Investments	$0
Tax Assets	$438M
Other Non-Current Assets	$336M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$7.3B
Account Payables	$176M
Short-Term Debt	$300M
Deferred Revenue	$639M
Other Current Liabilities	$324M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$1.2B
Deferred Revenue NC	$99M
Deferred Tax Liabilities	$158M
Other Non-Current Liabilities	$175M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$3.2B
Common Stock	$200.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$235M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$1.6B
Net Debt	$1.4B