TRIMBLE INC
For the period ended Sep 27, 2024. Filed Jan 16, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2024 · Filed Jan 16, 2025
TRMB$54.75+0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| First Three Quarters of | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Cash flow from operating activities: | ||
| Net income | $1,414.2 | $248.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 179.2 | 185.2 |
| Deferred income taxes | 31.2 | (104.0) |
| Stock-based compensation | 110.3 | 112.5 |
| Divestitures gain, net | (1,695.0) | (10.6) |
| Other, net | 42.5 | (5.9) |
| (Increase) decrease in assets: | ||
| Accounts receivable, net | 103.9 | 24.0 |
| Inventories | 17.0 | 46.3 |
| Other current and non-current assets | (51.6) | (35.5) |
| Increase (decrease) in liabilities: | ||
| Accounts payable | 18.0 | 5.0 |
| Accrued compensation and benefits | 7.6 | 12.3 |
| Deferred revenue | 12.0 | (39.7) |
| Income taxes payable | 250.7 | 62.5 |
| Other current and non-current liabilities | (23.7) | (2.2) |
| Net cash provided by operating activities | 416.3 | 498.2 |
| Cash flow from investing activities: | ||
| Proceeds from divestitures | 1,923.2 | 15.1 |
| Acquisitions of businesses, net of cash acquired | (22.0) | (2,088.9) |
| Purchases of property and equipment | (27.5) | (32.2) |
| Other, net | (13.7) | 41.6 |
| Net cash provided by (used in) investing activities | 1,860.0 | (2,064.4) |
| Cash flow from financing activities: | ||
| Issuance of common stock, net of tax withholdings | (6.0) | 8.0 |
| Repurchases of common stock | (175.0) | — |
| Proceeds from debt and revolving credit lines | 521.2 | 3,398.8 |
| Payments on debt and revolving credit lines | (1,799.3) | (1,856.8) |
| Other, net | (4.6) | (29.3) |
| Net cash (used in) provided by financing activities | (1,463.7) | 1,520.7 |
| Effect of exchange rate changes on cash and cash equivalents | 2.5 | (2.6) |
| Net increase (decrease) in cash and cash equivalents | 815.1 | (48.1) |
| Cash and cash equivalents - beginning of period (1) | 238.9 | 271.0 |
| Cash and cash equivalents - end of period (1) | $1,054.0 | $222.9 |
| Supplemental cash flow disclosure: | ||
| Cash tax paid, net, excluding tax for the Ag divestiture | $81.6 | $72.5 |
| Cash tax paid for the Ag divestiture | $87.1 | $— |
| (1) Includes $17.1 million, $9.1 million, and $6.1 million of cash and cash equivalents classified as held for sale as of September 27, 2024, December 29, 2023, and September 29, 2023. | ||
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