Trimble Reports First Quarter 2016 Results

 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In millions)

(Unaudited)


First Quarter of


2016


2015





Cash flow from operating activities:




    Net Income

$              19.7


$  34.0





    Adjustments to reconcile net income to net cash provided by operating activities:




         Depreciation expense

9.1


8.7

         Amortization expense

40.3


40.7

         Provision for doubtful accounts

0.6


1.0

         Deferred income taxes

(0.1)


(1.3)

         Stock-based compensation

13.7


12.5

         Income from equity method investments

(2.9)


(3.0)

         Acquisition / divestiture (gain)/loss

(3.1)


(5.8)

         Excess tax benefit for stock-based compensation

(1.2)


(0.7)

         Provision for excess and obsolete inventories

4.1


0.8

         Other non-cash items

0.7


11.0





    Add decrease (increase) in assets:




         Accounts receivables

(14.1)


(28.9)

         Other receivables

(2.2)


4.9

         Inventories

3.1


(6.4)

         Other current and non-current assets

(4.9)


(8.0)





    Add increase (decrease) in liabilities:




         Accounts payable

11.9


11.2

         Accrued compensation and benefits

(13.5)


(15.0)

         Deferred revenue

54.1


49.4

         Accrued warranty

(0.7)


(1.5)

         Accrued liabilities

(1.4)


3.6

 Net cash provided by operating activities 

113.2


107.2





 Cash flow from investing activities: 




      Acquisitions of businesses, net of cash acquired 

(15.8)


(36.9)

      Acquisitions of property and equipment 

(4.9)


(10.6)

      Purchases of equity investments 

(0.4)


(1.3)

      Net proceeds from sale of businesses 

8.1


12.6

      Dividends received from equity method investments 

5.0


-

      Other 

(0.3)


0.8

 Net cash used in investing activities 

(8.3)


(35.4)





 Cash flow from financing activities: 




      Issuance of common stock, net of tax withholdings 

16.1


14.7

      Repurchases and retirement of common stock 

(12.2)


(12.6)

      Excess tax benefit for stock-based compensation 

1.2


0.7

      Proceeds from debt and revolving credit lines 

92.0


130.0

      Payments on debt and revolving credit lines 

(147.0)


(198.0)

 Net cash used in financing activities 

(49.9)


(65.2)





 Effect of exchange rate changes on cash and cash equivalents 

3.7


(8.9)





 Net increase (decrease) in cash and cash equivalents 

58.7


(2.3)

 Cash and cash equivalents - beginning of period 

116.0


148.0





 Cash and cash equivalents - end of period 

$            174.7


$145.7


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



Review Article Be the first to review this article
Trimble

Harris

Featured Video
Jobs
SYSTEMS INTEGRATOR for Palm Beach County Human Resources at West Palm Beach, FL
Solidworks Product Designer for NASCENT Technology at Charlotte, NC
Developer-Support-Implementation Engineer for EDA Careers at San Francisco Area, CA
CAD/CAM Regional Account Manager (Pacific Northwest) for Vero Software Inc. at Seattle, WA
Upcoming Events
8th International Summer School on Applied Geoinformatics for Society and Environment: Crisis and Disaster Management at University of Tehran, Kish International Campus Kish Island Iran - Apr 29 - 4, 2017
UGIC CONFERENCE 2017 at Park City Utah - May 8 - 12, 2017
C4ISR Summit 2017 at Armed Forces Officers Club Abu Dhabi United Arab Emirates - May 9 - 10, 2017
8th Electronic Materials and Processes for Space (EMPS) Workshop at Noordwijk Netherlands - May 10 - 12, 2017
Teledyne:
InterDrone2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 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