Trimble Announces First Quarter 2012 Revenue of $502.3 Million, Up 31 Percent; Non-GAAP Earnings per Share of $0.68, Up 36 Percent, as Compared to First Quarter 2011

 

 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands)

(Unaudited)



First Quarter of



2012


2011






Cash flow from operating activities:





    Net Income


$      50,072


$   38,872






    Adjustments to reconcile net income  to net cash provided by





       operating activities:





         Depreciation expense


5,562


4,603

         Amortization expense


28,797


16,065

         Provision for doubtful accounts


587


359

         Deferred income taxes


146


(1,393)

         Stock-based compensation


7,789


6,798

         Income from equity method investments


(6,192)


(2,763)

         Excess tax benefit for stock-based compensation


(7,580)


(8,357)

         Provision for excess and obsolete inventories


3,111


2,489

         Other non-cash items


(977)


577






    Add decrease (increase) in assets:





         Accounts receivables


(46,425)


(40,624)

         Other receivables


2,211


5,776

         Inventories


5,928


(8,717)

         Other current and non-current assets


(7,972)


4,927






    Add increase (decrease) in liabilities:





         Accounts payable


4,205


16,377

         Accrued compensation and benefits


(1,895)


(10,241)

         Deferred revenue


29,569


(1,219)

         Accrued warranty expense


(728)


(40)

         Other current and non-current liabilities


1,450


4,438

 Net cash provided by operating activities 


67,658


27,927






 Cash flow from investing activities: 





      Acquisitions of businesses, net of cash acquired 


(101,392)


(38,979)

      Acquisition of property and equipment 


(7,644)


(4,036)

      Acquisitions of intangible assets 


(755)


(250)

      Other 


251


44

 Net cash used in investing activities 


(109,540)


(43,221)






 Cash flow from financing activities: 





      Issuance of common stock, net 


26,682


27,785

      Excess tax benefit for stock-based compensation 


7,580


8,357

      Proceeds from long-term debt and revolving credit lines 


181,500


-

      Payments on short-term and long-term debt  


(122,850)


(672)

 Net cash provided by financing activities 


92,912


35,470






 Effect of exchange rate changes on cash and cash equivalents 


3,495


3,378






 Net increase in cash and cash equivalents 


54,525


23,554

 Cash and cash equivalents - beginning of period 


154,621


220,788






 Cash and cash equivalents - end of period 


$    209,146


$  244,342


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article


Featured Video
Jobs
GIS Analyst II for Air Worldwide at Boston, MA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Geospatial World Forum 2017 Hyderabad at Hyderabad International Convention Center P.O Bag 1101, Cyberabad Post Office Hyderabad Telangana India - Jan 23 - 25, 2017
Trimble
Teledyne Optech
University of Denver GIS Masters Degree Online
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy