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Trimble Inc. TRMB Material Reconciling Items — Depreciation

Discontinued — last reported Q4 '17

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BPOPMaterial Reconciling Items — Depreciation Nonproduction

Other financials

Income statement

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Revenue$939.9M+11.8%
Gross profit$646.3M+15.2%
Operating income$144.0M+47.7%
Net income$98.9M+48.3%
EPS (diluted)$0.42+55.6%

Balance sheet

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Cash & equivalents$234.1M-19.3%
Total debt$1.4B+2.3%
Total equity$5.6B+4.0%
Total assets$9.0B+1.0%

Cash flow

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Operating cash flow$274.7M+76.5%
CapEx$6.1M-7.6%
Free cash flow$268.6M+80.3%

Valuation

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Market cap$11.46B+6.2%
Enterprise value$12.65B+6.3%
P/E25.1×+18.0×
P/S3.1×+0.1×

Profitability

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Gross margin69.5%+3.3pp
Operating margin17.3%+4.7pp
Net margin12.4%-30.0pp
FCF margin11.8%-3.4pp

Returns & leverage

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Return on equity8.3%-22.7pp
Debt / equity0.3×0.0×
Current ratio+0.2×

Where this comes from

Reported directly by Trimble Inc. in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Trimble Inc.’s 10-K, filed February 27, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — depreciation mean?
The portion of total depreciation expense that is attributed to corporate-level assets rather than specific business segments.
How do you interpret material reconciling items — depreciation?
An increase in this metric suggests higher investment in centralized corporate infrastructure or a change in the accounting allocation of shared assets. A decrease may indicate lower corporate capital expenditure or a shift in how centralized assets are utilized across the organization.
How does material reconciling items — depreciation compare across companies?
Most large technology and industrial firms report similar unallocated depreciation as part of corporate overhead or reconciling items in segment reporting, allowing for comparison of centralized asset intensity.