Trimble Inc. (TRMB) Financial Statements (2024 and earlier)

Company Profile

Business Address 10368 WESTMOOR DR
WESTMINSTER, CO 80021
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments271326238189173537
Cash and cash equivalents271326238189173359
Short-term investments      179
Receivables643625621608513415
Inventory, net of allowances, customer advances and progress billings403363302312298272
Inventory403363302312298272
Prepaid expense      
Deferred costs     717
Disposal group, including discontinued operation      
Other current assets2011371221027350
Other undisclosed current assets     2626
Total current assets:1,5181,4511,2811,2121,0891,317
Noncurrent Assets
Operating lease, right-of-use asset121141129140
Property, plant and equipment219233252241213174
Intangible assets, net (including goodwill)4,6364,4884,4574,3594,2842,652
Goodwill4,1383,9823,8773,6813,5402,287
Intangible assets, net (excluding goodwill)498507580679744365
Deferred costs     41 
Deferred income tax assets438502510 
Other noncurrent assets336285248212149155
Other undisclosed noncurrent assets    476  
Total noncurrent assets:5,7515,6495,5965,4294,6872,981
TOTAL ASSETS:7,2697,1006,8776,6415,7764,298
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities335438310283332307
Employee-related liabilities231167124169143
Accounts payable176207143159148146
Accrued liabilities159   1518
Deferred revenue639549561490
Debt300 256219256128
Restructuring reserve     3 
Disposal group, including discontinued operation      
Business combination, contingent consideration, liability     0 
Other liabilities188202185198119101
Deferred revenue and credits272
Other undisclosed current liabilities     345 
Total current liabilities:1,4621,1891,3111,1901,055809
Noncurrent Liabilities
Long-term debt and lease obligation 1,4151,4011,7381,712786
Long-term debt, excluding current maturities 1,2931,2911,6241,712786
Liabilities, other than long-term debt537552566280301338
Deferred revenue and credits41
Accounts payable and accrued liabilities 415562697194
Deferred revenue99835352
Deferred tax liabilities, net7440
Deferred income tax liabilities158263300 
Other liabilities134151151153150162
Operating lease, liability105121109114
Business combination, contingent consideration, liability    66 
Other undisclosed noncurrent liabilities 1,220  31233 
Total noncurrent liabilities:1,7571,9661,9672,3302,0461,123
Total liabilities:3,2193,1553,2783,5203,1021,932
Equity
Equity, attributable to parent4,0503,9453,5973,1192,6742,366
Common stock000000
Additional paid in capital2,0551,9361,8021,6931,5921,461
Accumulated other comprehensive loss(235)(162)(99)(177)(186)(131)
Retained earnings2,2302,1711,8931,6031,2681,036
Equity, attributable to noncontrolling interest   210 
Total equity:4,0503,9453,5993,1202,6752,366
TOTAL LIABILITIES AND EQUITY:7,2697,1006,8776,6415,7764,298

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,6763,6593,1523,2643,1082,654
Revenue, net2,654
Cost of revenue(1,571)(1,624)(1,393)(1,483)(1,427)(1,262)
Cost of goods and services sold(1,571)(1,624)(1,393)(1,483)(1,427)(1,176)
Other undisclosed gross profit  (0)(4)   
Gross profit:2,1062,0351,7551,7811,6811,393
Operating expenses(1,595)(1,474)(1,335)(1,405)(1,360)(1,147)
Operating income:511561420376321246
Nonoperating income (expense)5814(25)(31)(43)13
Investment income, nonoperating 99     
Gain, foreign currency transaction, before tax     13
Other nonoperating income (expense)(1)41131615
Income from continuing operations before equity method investments, income taxes:569575395345278259
Income from equity method investments   39   
Income from continuing operations before income taxes:569575434345278259
Income tax expense (benefit)(119)(82)(4)1705(138)
Income from continuing operations:450493430515283121
Income before gain (loss) on sale of properties:493430515283121
Other undisclosed net loss   (39)   
Net income:450493391515283121
Net loss attributable to noncontrolling interest  (0)(1)(0)(1)(0)
Net income available to common stockholders, diluted:450493390514283121

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:450493391515283121
Other comprehensive income (loss) (73)(63)789(55)89
Other undisclosed comprehensive income      
Comprehensive income:377430469524229210
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)(1)(0)(1)(0)
Comprehensive income, net of tax, attributable to parent:377430468524228210

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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