TRIMBLE INC.
For the period ended Jan 3, 2025. Filed Apr 25, 2025.
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FY2025 · Filed Apr 25, 2025
TRMB$54.75+0.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| (In millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash flow from operating activities: | |||
| Net income | $1,504.4 | $311.3 | $449.7 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 232.0 | 250.6 | 171.8 |
| Deferred income taxes | 27.0 | (104.6) | (40.0) |
| Stock-based compensation | 158.6 | 145.4 | 120.4 |
| Divestitures gain, net | (1,687.9) | (9.2) | (99.0) |
| Other, net | 93.9 | 11.6 | 41.7 |
| (Increase) decrease in assets: | |||
| Accounts receivable, net | (135.1) | (36.4) | (55.4) |
| Inventories | 11.0 | 67.6 | (113.5) |
| Other current and non-current assets | (116.3) | (67.2) | (46.3) |
| Increase (decrease) in liabilities: | |||
| Accounts payable | 5.7 | (12.4) | (24.8) |
| Accrued compensation and benefits | 56.5 | 20.8 | (54.2) |
| Deferred revenue | 168.5 | 26.0 | 108.6 |
| Income taxes payable | 265.6 | (4.0) | (38.3) |
| Other current and non-current liabilities | (52.5) | (2.4) | (29.5) |
| Net cash provided by operating activities | 531.4 | 597.1 | 391.2 |
| Cash flow from investing activities: | |||
| Proceeds from divestitures | 1,923.4 | 17.0 | 215.4 |
| Acquisitions of businesses, net of cash acquired | (22.0) | (2,088.9) | (373.5) |
| Purchases of property and equipment | (33.6) | (42.0) | (43.2) |
| Other, net | (6.7) | 45.8 | (25.0) |
| Net cash provided by (used in) investing activities | 1,861.1 | (2,068.1) | (226.3) |
| Cash flow from financing activities: | |||
| Issuance of common stock, net of tax withholdings | (6.5) | 6.7 | (13.6) |
| Repurchases of common stock | (175.0) | (100.0) | (394.7) |
| Proceeds from debt and revolving credit lines | 521.2 | 3,847.1 | 814.8 |
| Payments on debt and revolving credit lines | (2,199.4) | (2,292.9) | (590.2) |
| Other, net | (4.5) | (29.4) | (15.3) |
| Net cash (used in) provided by financing activities | (1,864.2) | 1,431.5 | (199.0) |
| Effect of exchange rate changes on cash and cash equivalents | (19.4) | 7.4 | (20.6) |
| Net increase (decrease) in cash and cash equivalents | 508.9 | (32.1) | (54.7) |
| Cash and cash equivalents - beginning of period (1) | 238.9 | 271.0 | 325.7 |
| Cash and cash equivalents - end of period (1) | $747.8 | $238.9 | $271.0 |
| Supplemental cash flow disclosure: | |||
| Cash paid for interest | $140.4 | $133.7 | $73.1 |
| Cash tax paid, net, excluding tax for the Ag divestiture | 106.1 | 168.0 | 197.3 |
| Cash tax paid for the Ag divestiture | 122.0 | — | — |
| Non-cash equity investment (Note 4) | |||
(1)Includes $9.0 million and $9.1 million of cash and cash equivalents classified as held for sale as of January 3, 2025 and December 29, 2023.
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