Trimble Reports First Quarter 2016 Results

 

GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions, except per share data)

(Unaudited)

















First Quarter of







2016


2015







Dollar

% of


Dollar

% of







Amount

Revenue


Amount

Revenue


GROSS MARGIN:










GAAP gross margin:



$  300.6

51.6%


$  307.2

52.7%




Restructuring charges

( A )


0.3

0.1%


0.2

0.0%




Amortization of purchased intangible assets

( B )


24.1

4.0%


22.5

3.9%




Stock-based compensation

( C )


1.0

0.2%


0.9

0.2%



Non-GAAP gross margin: 



$  326.0

55.9%


$  330.8

56.8%













OPERATING EXPENSES:










GAAP operating expenses:



$  270.7

46.4%


$  267.7

45.9%




Restructuring charges

( A )


(1.8)

-0.3%


(1.1)

-0.2%




Amortization of purchased intangible assets

( B )


(16.2)

-2.8%


(18.2)

-3.1%




Stock-based compensation

( C )


(12.7)

-2.2%


(11.6)

-2.0%




Acquisition / divestiture items

( D )


(1.6)

-0.3%


(2.8)

-0.5%




Executive transition costs

( E )


(0.9)

-0.1%


-

0.0%



Non-GAAP operating expenses:



$  237.5

40.7%


$  234.0

40.1%













OPERATING INCOME:










GAAP operating income:



$   29.9

5.1%


$   39.5

6.8%




Restructuring charges

( A )


2.1

0.4%


1.3

0.2%




Amortization of purchased intangible assets

( B )


40.3

6.8%


40.7

7.0%




Stock-based compensation

( C )


13.7

2.4%


12.5

2.1%




Acquisition / divestiture items

( D )


1.6

0.3%


2.8

0.5%




Executive transition costs

( E )


0.9

0.1%


-

0.0%



Non-GAAP operating income: 



$   88.5

15.1%


$   96.8

16.6%













NON-OPERATING INCOME (EXPENSE), NET:










GAAP non-operating income (expense), net:



$    (0.5)



$     4.7





Acquisition / divestiture items

( D )


(3.1)



(5.8)





Debt issuance cost write-off

( F )


-



(0.1)




Non-GAAP non-operating expense, net: 



$    (3.6)



$    (1.2)




















GAAP and 



GAAP and 








Non-GAAP



Non-GAAP








Tax Rate %

( I )


Tax Rate %

( I )

INCOME TAX PROVISION:










GAAP income tax provision:



$     9.7

33%


$   10.2

23%




Non-GAAP items tax effected 

( G )


18.3



11.8





Difference in GAAP and Non-GAAP tax rate

( H )


(7.5)



1.0




Non-GAAP income tax provision: 



$   20.5

24%


$   23.0

24%













NET INCOME:  










GAAP net income attributable to Trimble Navigation Limited



$   19.8



$   34.1





Restructuring charges

( A )


2.1



1.3





Amortization of purchased intangible assets

( B )


40.3



40.7





Stock-based compensation

( C )


13.7



12.5





Acquisition / divestiture items

( D )


(1.5)



(3.0)





Executive transition costs

( E )


0.9



-





Debt issuance cost write-off

( F )


-



(0.1)





Non-GAAP tax adjustments

( G ) + ( H )


(10.8)



(12.8)




Non-GAAP net income attributable to Trimble Navigation Limited



$   64.5



$   72.7














DILUTED NET INCOME PER SHARE:










GAAP diluted net income per share attributable to Trimble Navigation Limited



$   0.08



$   0.13





Restructuring charges

( A )


0.01



-





Amortization of purchased intangible assets

( B )


0.16



0.16





Stock-based compensation

( C )


0.05



0.05





Acquisition / divestiture items

( D )


(0.01)



(0.01)





Executive transition costs

( E )


-



-





Debt issuance cost write-off

( F )


-



-





Non-GAAP tax adjustments

( G ) + ( H )


(0.04)



(0.05)




Non-GAAP diluted net income per share attributable to Trimble Navigation Limited



$   0.25



$   0.28




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



Review Article Be the first to review this article
Trimble Catalyst

Harris

Featured Video
Jobs
Lead Geospatial Analyst for Alion at McLean, VA
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
Upcoming Events
SPTechCon 2017 at Austin Texas - Apr 2 - 5, 2017
SPAR 3D Expo & Conference at ME - Apr 3 - 5, 2017
SPAR 3D Expo & Conference at Marriott Marquis 1777 Walker St, Houston TX - Apr 3 - 5, 2017
GENEQ
Teledyne:
xponential2017
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