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10-Q Filing

TRIMBLE INC. CIK: 864749 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000864749-18-000067
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance trmb-20180330.xml
Filing Contents
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Preferred Stock, par value per share PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred Stock, par value per share PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $216.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $358.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $274.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $280.80M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Short-term investments ShortTermInvestments - USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Short-term investments ShortTermInvestments $178.90M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $427.70M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $475.70M USD Point-in-time
Common stock, par value per share CommonStockNoParValue $0.00 USD Point-in-time
Common stock, par value per share CommonStockNoParValue $0.00 USD Point-in-time
Other receivables OtherReceivables $42.80M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 360.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 360.00M shares Point-in-time
Other receivables OtherReceivables $33.40M USD Point-in-time
Inventories InventoryNet $264.60M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 248.70M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 248.90M shares Point-in-time
Inventories InventoryNet $289.10M USD Point-in-time
Other current assets OtherAssetsCurrent $39.20M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 248.70M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 248.90M shares Point-in-time
Other current assets OtherAssetsCurrent $51.90M USD Point-in-time
Total current assets AssetsCurrent $1.31B USD Point-in-time
Total current assets AssetsCurrent $1.12B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $184.30M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $174.00M USD Point-in-time
Goodwill Goodwill $2.73B USD Point-in-time
Goodwill Goodwill $2.29B USD Point-in-time
Other purchased intangible assets, net FiniteLivedIntangibleAssetsNet $364.80M USD Point-in-time
Other purchased intangible assets, net FiniteLivedIntangibleAssetsNet $466.20M USD Point-in-time
Deferred costs, non-current DeferredCosts $35.60M USD Point-in-time
Deferred costs, non-current DeferredCosts $35.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $136.60M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $143.70M USD Point-in-time
Total assets Assets $4.32B USD Point-in-time
Total assets Assets $4.67B USD Point-in-time
Short-term debt LongTermDebtCurrent $430.50M USD Point-in-time
Short-term debt LongTermDebtCurrent $128.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $157.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $146.00M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $143.90M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $105.80M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $237.60M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $324.20M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualClassifiedCurrent $18.30M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualClassifiedCurrent $18.90M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $99.20M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $110.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $773.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.15B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $691.80M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $785.50M USD Point-in-time
Non-current deferred revenue DeferredRevenueNoncurrent $36.20M USD Point-in-time
Non-current deferred revenue DeferredRevenueNoncurrent $39.00M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $47.80M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $49.80M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $94.10M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $80.40M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $162.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $168.80M USD Point-in-time
Total liabilities Liabilities $1.90B USD Point-in-time
Total liabilities Liabilities $2.17B USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value; 3.0 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value; 3.0 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value; 360.0 shares authorized; 248.7 and 248.9 shares issued and outstanding as of the end of the first quarter of fiscal 2018 and fiscal year end 2017, respectively CommonStockValue $200.00K USD Point-in-time
Common stock, $0.001 par value; 360.0 shares authorized; 248.7 and 248.9 shares issued and outstanding as of the end of the first quarter of fiscal 2018 and fiscal year end 2017, respectively CommonStockValue $200.00K USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $1.50B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $1.46B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.08B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.10B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-101.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-131.40M USD Point-in-time
Total Trimble Inc. stockholders' equity StockholdersEquity $2.50B USD Point-in-time
Total Trimble Inc. stockholders' equity StockholdersEquity $2.41B USD Point-in-time
Noncontrolling interests MinorityInterest - USD Point-in-time
Noncontrolling interests MinorityInterest $200.00K USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.50B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.41B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $4.67B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $4.32B USD Point-in-time
Income Statement 62 line items
Line Item Tag Value Unit Period
Product SalesRevenueGoodsNet $409.60M USD 1 Quarter
Product SalesRevenueGoodsNet $497.80M USD 1 Quarter
Service SalesRevenueServicesNet $106.60M USD 1 Quarter
Service SalesRevenueServicesNet $128.80M USD 1 Quarter
Subscription SubscriptionRevenue $94.40M USD 1 Quarter
Subscription SubscriptionRevenue $115.60M USD 1 Quarter
Total revenue Revenues $610.60M USD 1 Quarter
Total revenue Revenues $742.20M USD 1 Quarter
Product CostOfGoodsSold $235.40M USD 1 Quarter
Product CostOfGoodsSold $193.40M USD 1 Quarter
Service CostOfServices $59.60M USD 1 Quarter
Service CostOfServices $47.00M USD 1 Quarter
Subscription CostOfGoodsSoldSubscription $27.90M USD 1 Quarter
Subscription CostOfGoodsSoldSubscription $26.90M USD 1 Quarter
Amortization of purchased intangible assets CostOfGoodsSoldAmortization $23.10M USD 1 Quarter
Amortization of purchased intangible assets CostOfGoodsSoldAmortization $19.00M USD 1 Quarter
Total cost of sales CostOfRevenue $286.30M USD 1 Quarter
Total cost of sales CostOfRevenue $346.00M USD 1 Quarter
Gross margin GrossProfit $396.20M USD 1 Quarter
Gross margin GrossProfit $324.30M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $109.30M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $88.70M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $94.40M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $122.10M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $69.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $81.60M USD 1 Quarter
Restructuring charges RestructuringCharges $1.60M USD 1 Quarter
Restructuring charges RestructuringCharges $2.90M USD 1 Quarter
Amortization of purchased intangible assets AmortizationOfIntangibleAssets $17.40M USD 1 Quarter
Amortization of purchased intangible assets AmortizationOfIntangibleAssets $14.30M USD 1 Quarter
Total operating expense OperatingExpenses $269.60M USD 1 Quarter
Total operating expense OperatingExpenses $332.00M USD 1 Quarter
Operating income OperatingIncomeLoss $64.20M USD 1 Quarter
Operating income OperatingIncomeLoss $54.70M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-6.10M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-9.50M USD 1 Quarter
Foreign currency transaction gain, net ForeignCurrencyTransactionGainLossBeforeTax $3.70M USD 1 Quarter
Foreign currency transaction gain, net ForeignCurrencyTransactionGainLossBeforeTax $1.40M USD 1 Quarter
Income from equity method investments, net IncomeLossFromEquityMethodInvestments $4.90M USD 1 Quarter
Income from equity method investments, net IncomeLossFromEquityMethodInvestments $4.20M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $9.50M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $3.40M USD 1 Quarter
Total non-operating income, net NonoperatingIncomeExpense $2.50M USD 1 Quarter
Total non-operating income, net NonoperatingIncomeExpense $9.00M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $63.70M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $66.70M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $13.90M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $8.00M USD 1 Quarter
Net income ProfitLoss $58.70M USD 1 Quarter
Net income ProfitLoss $49.80M USD 1 Quarter
Net gain attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $200.00K USD 1 Quarter
Net gain attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to Trimble Inc. NetIncomeLoss $58.50M USD 1 Quarter
Net income attributable to Trimble Inc. NetIncomeLoss $49.80M USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.24 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.20 USD 1 Quarter
Shares used in calculating basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 248.80M shares 1 Quarter
Shares used in calculating basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 252.00M shares 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.19 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.23 USD 1 Quarter
Shares used in calculating diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 255.90M shares 1 Quarter
Shares used in calculating diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 253.20M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $58.70M USD 1 Quarter
Net income ProfitLoss $49.80M USD 1 Quarter
Depreciation expense Depreciation $8.50M USD 1 Quarter
Depreciation expense Depreciation $8.90M USD 1 Quarter
Amortization expense AdjustmentForAmortization $33.30M USD 1 Quarter
Amortization expense AdjustmentForAmortization $40.50M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $13.70M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $17.40M USD 1 Quarter
Income from equity method investments EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss $2.70M USD 1 Quarter
Income from equity method investments EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss $100.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $9.70M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $7.40M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $34.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $29.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $21.70M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.40M USD 1 Quarter
Other current and non-current assets IncreaseDecreaseInOtherOperatingAssets $4.70M USD 1 Quarter
Other current and non-current assets IncreaseDecreaseInOtherOperatingAssets $10.60M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $11.10M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $3.50M USD 1 Quarter
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-41.60M USD 1 Quarter
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-14.80M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $53.30M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $69.60M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-12.10M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $9.80M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $104.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $82.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $429.70M USD Annual
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $518.70M USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $78.50M USD 1 Quarter
Acquisitions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $5.70M USD 1 Quarter
Acquisitions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $18.20M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecurities $59.00M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecurities $24.00M USD 1 Quarter
Proceeds from maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $6.20M USD 1 Quarter
Proceeds from maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $24.40M USD 1 Quarter
Proceeds from sales of short-term investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $3.90M USD 1 Quarter
Proceeds from sales of short-term investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $196.80M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-4.40M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-19.60M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-95.30M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-371.20M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-353.50M USD 1 Quarter
Issuance of common stock, net of tax withholdings ProceedsFromIssuanceOfCommonStock $39.60M USD 1 Quarter
Issuance of common stock, net of tax withholdings ProceedsFromIssuanceOfCommonStock $25.30M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $53.00M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $14.20M USD 1 Quarter
Proceeds from debt and revolving credit lines ProceedsFromLongTermLinesOfCredit $591.00M USD 1 Quarter
Proceeds from debt and revolving credit lines ProceedsFromLongTermLinesOfCredit $252.00M USD 1 Quarter
Payments on debt and revolving credit lines RepaymentsOfLongTermDebt $226.10M USD 1 Quarter
Payments on debt and revolving credit lines RepaymentsOfLongTermDebt $383.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-300.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $51.00M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $180.30M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $66.50M USD Annual
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $5.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $6.30M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-84.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $64.70M USD 1 Quarter
Consolidated operating income OperatingIncomeLoss $64.20M USD 1 Quarter
Consolidated operating income OperatingIncomeLoss $54.70M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $216.10M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $358.50M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $274.50M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $280.80M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $216.10M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $358.50M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $274.50M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $280.80M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $58.70M USD 1 Quarter
Net income ProfitLoss $49.80M USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $30.30M USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $25.70M USD 1 Quarter
Net unrealized loss on short-term investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Net unrealized loss on short-term investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-100.00K USD 1 Quarter
Net unrealized actuarial loss, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Net unrealized actuarial loss, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $100.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $89.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $75.30M USD 1 Quarter
Comprehensive gain attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $200.00K USD 1 Quarter
Comprehensive gain attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to Trimble Inc. ComprehensiveIncomeNetOfTax $88.80M USD 1 Quarter
Comprehensive income attributable to Trimble Inc. ComprehensiveIncomeNetOfTax $75.30M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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