TRIMBLE INC.
For the period ended Jan 2, 2026. Filed Feb 25, 2026.
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FY2026 · Filed Feb 25, 2026
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) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash flow from operating activities: | |||
| Net income | $424.0 | $1,504.4 | $311.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 199.9 | 232.0 | 250.6 |
| Deferred income taxes | 2.3 | 27.0 | (104.6) |
| Stock-based compensation | 146.5 | 158.6 | 145.4 |
| Divestitures gain, net | (3.0) | (1,687.9) | (9.2) |
| Other, net | 88.5 | 93.9 | 11.6 |
| (Increase) decrease in assets: | |||
| Accounts receivable, net | (119.9) | (135.1) | (36.4) |
| Inventories | 4.9 | 11.0 | 67.6 |
| Other current and non-current assets | (72.9) | (116.3) | (67.2) |
| Increase (decrease) in liabilities: | |||
| Accounts payable | (5.4) | 5.7 | (12.4) |
| Accrued compensation and benefits | (22.5) | 56.5 | 20.8 |
| Deferred revenue | 85.7 | 168.5 | 26.0 |
| Income taxes payable | (311.2) | 265.6 | (4.0) |
| Other current and non-current liabilities | (30.7) | (52.5) | (2.4) |
| Net cash provided by operating activities | 386.2 | 531.4 | 597.1 |
| Cash flow from investing activities: | |||
| Divestitures of businesses, net of cash divested | (4.4) | 1,923.4 | 17.0 |
| Acquisitions of businesses, net of cash acquired | (4.4) | (22.0) | (2,088.9) |
| Purchases of property and equipment | (25.3) | (33.6) | (42.0) |
| Other, net | (2.9) | (6.7) | 45.8 |
| Net cash (used in) provided by investing activities | (37.0) | 1,861.1 | (2,068.1) |
| Cash flow from financing activities: | |||
| Issuance of common stock, net of tax withholdings | 0.6 | (6.5) | 6.7 |
| Repurchases of common stock | (863.4) | (175.0) | (100.0) |
| Proceeds from debt and revolving credit lines | 577.2 | 521.2 | 3,847.1 |
| Payments on debt and revolving credit lines | (577.2) | (2,199.4) | (2,292.9) |
| Other, net | (5.6) | (4.5) | (29.4) |
| Net cash (used in) provided by financing activities | (868.4) | (1,864.2) | 1,431.5 |
| Effect of exchange rate changes on cash and cash equivalents | 24.8 | (19.4) | 7.4 |
| Net (decrease) increase in cash and cash equivalents | (494.4) | 508.9 | (32.1) |
| Cash and cash equivalents - beginning of period (1) | 747.8 | 238.9 | 271.0 |
| Cash and cash equivalents - end of period (1) | $253.4 | $747.8 | $238.9 |
| Supplemental cash flow disclosure: | |||
| Cash paid for interest | $81.5 | $140.4 | $133.7 |
| Cash tax paid, net, excluding tax for the Ag divestiture | 150.1 | 106.1 | 168.0 |
| Cash tax paid for the Ag divestiture | 277.4 | 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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