Trimble Announces Record 2018 Financial Results


*  Prior period information has been restated for the adoption of ASC 606, Revenue from Contracts with Customers, and ASU No. 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments.

 

REPORTING SEGMENTS

GAAP TO NON-GAAP RECONCILIATION

(Dollars in millions)

(Unaudited)

































Reporting Segments







Buildings




Resources









and




and









Infrastructure


Geospatial


Utilities


Transportation














FOURTH QUARTER OF FISCAL 2018 :









Revenue


$        279.9


$    178.8


$    129.9


$          196.9



Acquired deferred revenue adjustment

( A )


7.1



0.2


0.1


Non-GAAP Revenue



$        287.0


$    178.8


$    130.1


$          197.0















Operating income before corporate allocations



$          67.2


$     40.1


$      35.1


$           44.4



Acquired deferred revenue adjustment

( A )


7.1



0.2


0.1



Amortization of acquired capitalized commissions

( G )


(1.8)





Non-GAAP Operating income before corporate allocations



$          72.5


$     40.1


$      35.3


$           44.5















Operating margin (% of segment external net revenue)



24.0 %


22.4 %


27.0 %


22.5 %



Non-GAAP Operating margin (% of segment Non-GAAP external net revenue)



25.3 %


22.4 %


27.1 %


22.6 %














FOURTH QUARTER OF FISCAL 2017 as adjusted:









Revenue



$        204.4


$    174.9


$    132.0


$          188.5



Acquired deferred revenue adjustment

( A )


0.7



0.4


0.2


Non-GAAP Revenue



$        205.1


$    174.9


$    132.4


$          188.7















Operating income before corporate allocations



$          41.4


$     35.4


$      32.2


$           35.2



Acquired deferred revenue adjustment

( A )


0.7



0.4


0.2



Amortization of acquired capitalized commissions

( G )


(0.2)




(0.2)


Non-GAAP Operating income before corporate allocations



$          41.9


$     35.4


$      32.6


$           35.2















Operating margin (% of segment external net revenue)



20.3 %


20.2 %


24.4 %


18.7 %



Non-GAAP Operating margin (% of segment Non-GAAP external net revenue)



20.4 %


20.2 %


24.6 %


18.7 %











FISCAL YEAR 2018 :









Revenue



$      1,065.5


$    723.1


$    567.1


$          752.7



Acquired deferred revenue adjustment

( A )


22.2



1.0


0.4


Non-GAAP Revenue



$      1,087.7


$    723.1


$    568.1


$          753.1















Operating income before corporate allocations



$        239.0


$    166.4


$    167.4


$          142.9



Acquired deferred revenue adjustment

( A )


22.2



1.0


0.4



Amortization of acquired capitalized commissions

( G )


(4.5)



(0.2)



Non-GAAP Operating income before corporate allocations



$        256.7


$    166.4


$    168.2


$          143.3















Operating margin (% of segment external net revenue)



22.4 %


23.0 %


29.5 %


19.0 %



Non-GAAP Operating margin (% of segment Non-GAAP external net revenue)



23.6 %


23.0 %


29.6 %


19.0 %














FISCAL YEAR 2017 as adjusted:









Revenue



$        829.4


$    658.5


$    481.0


$          677.6



Acquired deferred revenue adjustment

( A )


1.1



1.0


0.7


Non-GAAP Revenue



$        830.5


$    658.5


$    482.0


$          678.3















Operating income before corporate allocations



$        176.0


$    129.4


$    137.0


$          114.4



Acquired deferred revenue adjustment

( A )


1.1



1.0


0.7



Amortization of acquired capitalized commissions

( G )


(0.9)



(0.1)


(0.3)


Non-GAAP Operating income before corporate allocations



$        176.2


$    129.4


$    137.9


$          114.8















Operating margin (% of segment external net revenue)



21.2 %


19.7 %


28.5 %


16.9 %



Non-GAAP Operating margin (% of segment Non-GAAP external net revenue)



21.2 %


19.7 %


28.6 %


16.9 %


Note: Fourth quarter and fiscal 2017 information has been restated for the adoption of ASC 606, Revenue from Contracts with Customers.


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