← TRIMBLE INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $121.1m | $282.8m | $514.3m | $514.5m | $492.7m | $449.7m | $311.3m | $1.5b | $424.0m | $424.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $121.2m | $283.3m | $514.5m | — | $492.8m | $449.7m | $311.3m | $1.5b | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $100k | $500k | $200k | — | $100k | $0 | $0 | — | — | — | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | $171.8m | $250.6m | $232.0m | $199.9m | $199.9m | |
| Amortization | $148.8m | $179.6m | $167.8m | — | $138.6m | $131.6m | $212.3m | $199.0m | $172.0m | — | |
| Amortization of Intangible Assets | $63.0m | $76.4m | $73.7m | — | $50.9m | $46.6m | $103.6m | $105.7m | $106.8m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | $16.3m | $21.0m | — | |
| Depreciation | $34.6m | $35.6m | $39.4m | — | $41.3m | $40.2m | $38.3m | $33.0m | $27.8m | $199.9m | |
| Deferred Income Tax Expense (Benefit) | $1.4m | — | — | — | ($26.9m) | ($40.0m) | ($104.6m) | $27.0m | $2.3m | — | |
| Deferred income taxes | $1.4m | ($47.6m) | — | ($220.2m) | ($52.9m) | ($40.0m) | ($104.6m) | — | $27.0m | $2.3m | |
| Share-based Payment Arrangement, Noncash Expense | $64.8m | $76.9m | $75.0m | — | $122.6m | $120.4m | $145.4m | $158.6m | $146.5m | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $160.1m | $79.9m | $267.8m | $182.8m | — | — | |
| Gain (Loss) on Disposition of Business | $6.4m | — | — | — | $43.9m | $99.0m | $9.2m | $1.7b | $3.0m | — | |
| Income (Loss) from Equity Method Investments | $29.5m | $28.7m | $35.8m | — | $37.7m | $31.1m | $28.1m | ($48.1m) | ($200k) | — | |
| Income Tax Expense (Benefit) | $137.9m | ($5.3m) | ($169.7m) | — | $81.8m | $119.4m | $45.7m | $501.5m | $85.4m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $74.4m | — | |
| Operating Lease, Expense | — | — | $38.3m | — | $35.5m | $36.3m | — | — | — | — | |
| Other Nonoperating Income (Expense) | $5.3m | $1.3m | $15.5m | — | $41.3m | ($800k) | $31.9m | ($3.9m) | ($11.0m) | — | |
| Divestitures gain, net | ($6.4m) | — | — | ($12.4m) | ($43.9m) | ($99.0m) | ($9.2m) | — | ($1.7b) | ($3.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $41.6m | $51.0m | $96.0m | — | $9.0m | $55.4m | $36.4m | $135.1m | $119.9m | — | |
| Increase (Decrease) in Inventories | $38.7m | $45.0m | $21.3m | — | $72.9m | $113.5m | ($67.6m) | ($11.0m) | ($4.9m) | — | |
| Increase (Decrease) in Accounts Payable | $25.9m | ($2.0m) | $14.5m | — | $60.3m | ($24.8m) | ($12.4m) | $5.7m | ($5.4m) | — | |
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | — | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | $99.0m | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $3.3m | $500k | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $302.3m | $349.8m | $330.6m | — | $369.1m | $422.2m | $487.5m | $547.9m | $483.1m | — | |
| Goodwill | $2.3b | $3.5b | $3.7b | — | $4.0b | $4.1b | $5.4b | $5.0b | $5.2b | — | |
| Inventory Write-down | $5.5m | — | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | $13.1m | ($42.7m) | ($31.1m) | — | $13.6m | $58.2m | ($91.8m) | $1.5b | ($82.6m) | — | |
| Operating Expenses | $1.1b | $1.4b | $1.4b | — | $1.5b | $1.6b | $1.9b | $1.9b | $1.9b | — | |
| Restructuring Costs | $10.5m | $8.7m | $27.9m | — | — | — | — | — | — | — | |
| Stock-based compensation | $64.8m | $76.9m | — | $75.0m | $83.0m | $120.4m | $145.4m | — | $158.6m | $146.5m | |
| Other, net | $5.2m | $14.7m | — | ($14.4m) | ($16.5m) | ($15.3m) | ($29.4m) | — | ($4.5m) | ($5.6m) | |
| Accounts receivable, net | ($41.6m) | ($51.0m) | — | ($96.0m) | ($14.0m) | ($55.4m) | ($36.4m) | — | ($135.1m) | ($119.9m) | |
| Inventories | ($38.7m) | ($45.0m) | — | ($21.3m) | ($5.0m) | ($113.5m) | $67.6m | — | $11.0m | $4.9m | |
| Other current and non-current assets | ($19.1m) | ($22.6m) | — | $11.0m | $2.5m | ($46.3m) | ($67.2m) | — | ($116.3m) | ($72.9m) | |
| Accounts payable | $25.9m | ($2.0m) | — | $14.5m | ($15.7m) | ($24.8m) | ($12.4m) | — | $5.7m | ($5.4m) | |
| Accrued compensation and benefits | $33.7m | $18.6m | — | ($46.4m) | $34.9m | ($54.2m) | $20.8m | — | $56.5m | ($22.5m) | |
| Deferred revenue | $16.4m | $76.3m | — | $148.2m | $65.7m | $108.6m | $26.0m | — | $168.5m | $85.7m | |
| Income taxes payable | $88.2m | — | — | — | ($2.9m) | ($38.3m) | ($4.0m) | — | $265.6m | ($311.2m) | |
| Other current and non-current liabilities | $101.6m | ($43.6m) | — | $800k | ($44.8m) | ($67.8m) | ($2.4m) | — | ($52.5m) | ($30.7m) | |
| Net Cash Provided by (Used in) Operating Activities | $411.9m | $486.7m | $585.0m | $585.0m | $750.5m | $391.2m | $597.1m | $531.4m | $386.2m | $386.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $43.7m | $67.6m | $69.0m | ($69.0m) | $46.1m | $43.2m | $42.0m | $33.6m | $25.3m | ($25.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $293.1m | $1.8b | $220.8m | — | $236.1m | $373.5m | $2.1b | $22.0m | $4.4m | — | |
| Acquisitions of businesses, net of cash acquired | ($293.1m) | ($1.8b) | — | ($220.8m) | ($201.9m) | ($373.5m) | ($2.1b) | — | ($22.0m) | ($4.4m) | |
| Divestitures of businesses, net of cash divested | — | — | — | — | — | — | $17.0m | — | $1.9b | ($4.4m) | |
| Payments for (Proceeds from) Other Investing Activities | ($800k) | ($2.5m) | ($14.5m) | — | $9.4m | $25.0m | ($45.8m) | $6.7m | $2.9m | — | |
| Net cash (used in) provided by investing activities | ($371.2m) | ($1.6b) | — | ($275.3m) | ($231.8m) | ($226.3m) | ($2.1b) | — | $1.9b | ($37.0m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($275.3m) | — | ($203.5m) | ($226.3m) | ($2.1b) | $1.9b | ($37.0m) | — | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $122.1m | $6.2m | $0 | — | — | — | — | — | — | — | |
| Proceeds from debt and revolving credit lines | $786.0m | $3.0b | — | $1.2b | $1.2b | $814.8m | $3.8b | — | $521.2m | $577.2m | |
| Repayments of Long-term Debt | — | — | — | — | — | — | $2.3b | $2.2b | $577.2m | — | |
| Payments on debt and revolving credit lines | ($495.4m) | ($1.9b) | — | ($1.3b) | ($1.5b) | ($590.2m) | ($2.3b) | — | ($2.2b) | ($577.2m) | |
| Proceeds from Issuance of Common Stock | $73.8m | $40.2m | $29.1m | — | ($15.1m) | ($13.6m) | $6.7m | ($6.5m) | $600k | — | |
| Issuance of common stock, net of tax withholdings | $73.8m | $40.2m | — | $29.1m | $10.0m | ($13.6m) | $6.7m | — | ($6.5m) | $600k | |
| Payments for Repurchase of Common Stock | $285.3m | $93.0m | $179.8m | — | $180.0m | $394.7m | $100.0m | $175.0m | $863.4m | — | |
| Repurchases of common stock | ($285.3m) | ($93.0m) | — | ($179.8m) | ($81.6m) | ($394.7m) | ($100.0m) | — | ($175.0m) | ($863.4m) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($9.1m) | ($14.4m) | — | ($1.6m) | ($15.3m) | ($29.4m) | ($4.5m) | ($5.6m) | — | |
| Net cash (used in) provided by financing activities | $79.1m | $989.4m | — | ($292.6m) | ($400.3m) | ($199.0m) | $1.4b | — | ($1.9b) | ($868.4m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($292.6m) | — | ($447.7m) | ($199.0m) | $1.4b | ($1.9b) | ($868.4m) | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | ($11.3m) | ($20.6m) | $7.4m | ($19.4m) | $24.8m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $17.4m | ($12.5m) | — | ($400k) | $8.6m | ($20.6m) | $7.4m | — | ($19.4m) | $24.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $88.0m | ($54.7m) | ($32.1m) | $508.9m | ($494.4m) | — | |
| Net (decrease) increase in cash and cash equivalents | $142.4m | ($186.0m) | — | $16.7m | $48.5m | ($54.7m) | ($32.1m) | — | $508.9m | ($494.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $325.7m | $271.0m | $238.9m | $747.8m | $253.4m | — | |
| Cash and cash equivalents - beginning of period | — | $172.5m | — | $189.2m | $237.7m | $271.0m | $238.9m | — | $747.8m | $253.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $28.4m | $69.3m | $79.2m | $79.2m | $61.8m | $73.1m | $133.7m | $140.4m | $81.5m | $81.5m | |
| Income Taxes Paid, Net | — | $62.3m | — | $63.1m | $98.3m | $197.3m | $168.0m | $106.1m | $427.5m | $277.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.