Trimble (TRMB) FY2019 results: revenue $3.3 billion, up 4.4% on the year
Trimble Inc. (TRMB) reported revenue of $3.3 billion for fiscal 2019, the year ended 3 January 2020, up 4.4% on the year before. Net income was $514 million, up 81.9%, and diluted earnings per share $2.03. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$3.3 billion
+4.4% on the year
FY2012FY2019
Operating margin
11.5%
10.2% a year earlier
FY2012FY2019
Net income
$514 million
+81.9% on the year
FY2012FY2019
Diluted EPS
$2.03
+81.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,271
3,132
2,654
+4.4%
Cost of revenue
1,483
1,427
1,262
+3.9%
Gross profit
1,781
1,681
1,378
+5.9%
Gross margin
54.4%
53.7%
51.9%
Research and development
470
446
370
+5.3%
Operating income
376
321
236
+17.2%
Operating margin
11.5%
10.2%
8.9%
Pre-tax income
345
278
248
+24.0%
Income tax
-170
-5.3
130
Effective tax rate
-49.2%
-1.9%
52.3%
Net income
514
283
118
+81.9%
Net margin
15.7%
9.0%
4.5%
Diluted EPS
$2.03
$1.12
$0.47
+81.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
585
487
430
+20.2%
Capital expenditure
69.0
67.6
43.7
+2.1%
Free cash flow
516
419
386
+23.1%
Free cash flow margin
15.8%
13.4%
14.5%
Cash from investing
-275
-1,650
-371
Cash from financing
-293
989
66.5
Depreciation and amortisation
113
112
97.6
+1.0%
Share-based compensation
75.0
76.9
64.8
-2.5%
Buybacks
180
93.0
285
+93.3%
Diluted shares, weighted
253m
253m
257m
-0.2%
Shares outstanding at period end
250m
251m
249m
-0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,119
2,674
2,414
+16.6%
Non-controlling interest
1.4
0.4
0.0
+250.0%
Debt
1,843
1,982
918
-7.0%
Operating lease liabilities
114
n/a
n/a
Other liabilities
1,563
1,120
984
+39.6%
Total liabilities and equity
6,641
5,776
4,316
+15.0%
Fixed assets
241
213
174
+13.4%
Goodwill
3,681
3,540
2,287
+4.0%
Intangible assets
679
744
365
-8.8%
Investments
n/a
0.0
179
Cash and equivalents
189
172
358
+9.7%
Receivables
608
513
428
+18.7%
Inventory
312
298
265
+4.7%
Other assets
930
296
261
+214.3%
Total assets
6,641
5,776
4,316
+15.0%
10-K for the year ended 3 January 2020, filed 26 February 2021: the filing.