Exhibit 99.2
REPORTING SEGMENTS
(Dollars in millions)
(Unaudited)
Three Months Ended | Fiscal | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Year | ||||||||||||||||
2016 | 2016 | 2016 | 2016 | 2016 | ||||||||||||||||
BUILDINGS AND INFRASTRUCTURE |
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Revenues | $ | 173.7 | $ | 202.8 | $ | 189.3 | $ | 177.7 | $ | 743.5 | ||||||||||
Operating income | $ | 22.4 | $ | 38.9 | $ | 40.9 | $ | 31.7 | $ | 133.9 | ||||||||||
Operating margin (% of segment external net revenues) | 12.9 | % | 19.2 | % | 21.6 | % | 17.8 | % | 18.0 | % | ||||||||||
GEOSPATIAL |
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Revenues | $ | 152.2 | $ | 163.9 | $ | 159.9 | $ | 158.7 | $ | 634.7 | ||||||||||
Operating income | $ | 26.1 | $ | 28.5 | $ | 35.3 | $ | 30.9 | $ | 120.8 | ||||||||||
Operating margin (% of segment external net revenues) | 17.1 | % | 17.4 | % | 22.1 | % | 19.5 | % | 19.0 | % | ||||||||||
RESOURCES AND UTILITIES |
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Revenues | $ | 113.8 | $ | 99.0 | $ | 87.5 | $ | 95.4 | $ | 395.7 | ||||||||||
Operating income | $ | 34.9 | $ | 29.9 | $ | 25.2 | $ | 28.4 | $ | 118.4 | ||||||||||
Operating margin (% of segment external net revenues) | 30.7 | % | 30.2 | % | 28.8 | % | 29.8 | % | 29.9 | % | ||||||||||
TRANSPORTATION |
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Revenues | $ | 143.3 | $ | 143.9 | $ | 147.4 | $ | 153.7 | $ | 588.3 | ||||||||||
Operating income | $ | 23.8 | $ | 20.4 | $ | 26.5 | $ | 32.2 | $ | 102.9 | ||||||||||
Operating margin (% of segment external net revenues) | 16.6 | % | 14.2 | % | 18.0 | % | 20.9 | % | 17.5 | % | ||||||||||
CORPORATE SUMMARY |
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REVENUES: | ||||||||||||||||||||
Buildings and Infrastructure | $ | 173.7 | $ | 202.8 | $ | 189.3 | $ | 177.7 | $ | 743.5 | ||||||||||
Geospatial | 152.2 | 163.9 | 159.9 | 158.7 | 634.7 | |||||||||||||||
Resources and Utilities | 113.8 | 99.0 | 87.5 | 95.4 | 395.7 | |||||||||||||||
Transportation | 143.3 | 143.9 | 147.4 | 153.7 | 588.3 | |||||||||||||||
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Total revenue | $ | 583.0 | $ | 609.6 | $ | 584.1 | $ | 585.5 | $ | 2,362.2 | ||||||||||
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SEGMENT OPERATING INCOME: | ||||||||||||||||||||
Buildings and Infrastructure | $ | 22.4 | $ | 38.9 | $ | 40.9 | $ | 31.7 | $ | 133.9 | ||||||||||
Geospatial | 26.1 | 28.5 | 35.3 | 30.9 | 120.8 | |||||||||||||||
Resources and Utilities | 34.9 | 29.9 | 25.2 | 28.4 | 118.4 | |||||||||||||||
Transportation | 23.8 | 20.4 | 26.5 | 32.2 | 102.9 | |||||||||||||||
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Total segment operating income before corporate allocations | $ | 107.2 | $ | 117.7 | $ | 127.9 | $ | 123.2 | $ | 476.0 | ||||||||||
CORPORATE AND OTHER CHARGES: | ||||||||||||||||||||
Unallocated Corporate Expense | $ | (18.7 | ) | $ | (18.7 | ) | $ | (17.1 | ) | $ | (16.0 | ) | $ | (70.5 | ) | |||||
Restructuring Charges | (2.1 | ) | (4.9 | ) | (4.0 | ) | (2.3 | ) | (13.3 | ) | ||||||||||
Amortization of Purchased Intangible Assets | (40.3 | ) | (39.6 | ) | (37.3 | ) | (33.6 | ) | (150.8 | ) | ||||||||||
Stock-based Compensation | (13.7 | ) | (13.0 | ) | (13.3 | ) | (12.6 | ) | (52.6 | ) | ||||||||||
Acquisition / divestiture items | (1.6 | ) | (0.9 | ) | (0.9 | ) | (3.4 | ) | (6.8 | ) | ||||||||||
Executive transition costs | (0.9 | ) | (0.1 | ) | — | — | (1.0 | ) | ||||||||||||
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CONSOLIDATED OPERATING INCOME | $ | 29.9 | $ | 40.5 | $ | 55.3 | $ | 55.3 | $ | 181.0 | ||||||||||
NON-OPERATING INCOME (EXPENSE) AND INCOME TAXES | $ | (10.1 | ) | $ | (4.8 | ) | $ | (16.1 | ) | $ | (17.6 | ) | $ | (48.6 | ) | |||||
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NET INCOME ATTRIBUTABLE TO TRIMBLE INC. | $ | 19.8 | $ | 35.7 | $ | 39.2 | $ | 37.7 | $ | 132.4 | ||||||||||
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REPORTING SEGMENTS
(Dollars in millions)
(Unaudited)
Three Months Ended | Fiscal | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Year | ||||||||||||||||
2015 | 2015 | 2015 | 2015 | 2015 | ||||||||||||||||
BUILDINGS AND INFRASTRUCTURE |
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Revenues | $ | 160.9 | $ | 181.9 | $ | 176.7 | $ | 169.1 | $ | 688.6 | ||||||||||
Operating income | $ | 16.8 | $ | 29.3 | $ | 36.0 | $ | 26.1 | $ | 108.2 | ||||||||||
Operating margin (% of segment external net revenues) | 10.4 | % | 16.1 | % | 20.4 | % | 15.4 | % | 15.7 | % | ||||||||||
GEOSPATIAL |
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Revenues | $ | 163.5 | $ | 174.4 | $ | 168.8 | $ | 166.1 | $ | 672.8 | ||||||||||
Operating income | $ | 29.6 | $ | 36.0 | $ | 38.5 | $ | 31.2 | $ | 135.3 | ||||||||||
Operating margin (% of segment external net revenues) | 18.1 | % | 20.6 | % | 22.8 | % | 18.8 | % | 20.1 | % | ||||||||||
RESOURCES AND UTILITIES |
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Revenues | $ | 120.9 | $ | 96.4 | $ | 78.9 | $ | 85.6 | $ | 381.8 | ||||||||||
Operating income | $ | 40.5 | $ | 26.8 | $ | 19.6 | $ | 23.0 | $ | 109.9 | ||||||||||
Operating margin (% of segment external net revenues) | 33.5 | % | 27.8 | % | 24.8 | % | 26.9 | % | 28.8 | % | ||||||||||
TRANSPORTATION |
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Revenues | $ | 137.3 | $ | 133.1 | $ | 137.9 | $ | 138.9 | $ | 547.2 | ||||||||||
Operating income | $ | 26.4 | $ | 23.3 | $ | 28.1 | $ | 28.7 | $ | 106.5 | ||||||||||
Operating margin (% of segment external net revenues) | 19.2 | % | 17.5 | % | 20.4 | % | 20.7 | % | 19.5 | % | ||||||||||
CORPORATE SUMMARY |
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REVENUES: | ||||||||||||||||||||
Buildings and Infrastructure | $ | 160.9 | $ | 181.9 | $ | 176.7 | $ | 169.1 | $ | 688.6 | ||||||||||
Geospatial | 163.5 | 174.4 | 168.8 | 166.1 | 672.8 | |||||||||||||||
Resources and Utilities | 120.9 | 96.4 | 78.9 | 85.6 | 381.8 | |||||||||||||||
Transportation | 137.3 | 133.1 | 137.9 | 138.9 | 547.2 | |||||||||||||||
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Total revenue | $ | 582.6 | $ | 585.8 | $ | 562.3 | $ | 559.7 | $ | 2,290.4 | ||||||||||
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SEGMENT OPERATING INCOME: | ||||||||||||||||||||
Buildings and Infrastructure | $ | 16.8 | $ | 29.3 | $ | 36.0 | $ | 26.1 | $ | 108.2 | ||||||||||
Geospatial | 29.6 | 36.0 | 38.5 | 31.2 | 135.3 | |||||||||||||||
Resources and Utilities | 40.5 | 26.8 | 19.6 | 23.0 | 109.9 | |||||||||||||||
Transportation | 26.4 | 23.3 | 28.1 | 28.7 | 106.5 | |||||||||||||||
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Total segment operating income before corporate allocations | $ | 113.3 | $ | 115.4 | $ | 122.2 | $ | 109.0 | $ | 459.9 | ||||||||||
CORPORATE AND OTHER CHARGES: | ||||||||||||||||||||
Unallocated Corporate Expense | $ | (16.5 | ) | $ | (18.3 | ) | $ | (17.3 | ) | $ | (17.9 | ) | $ | (70.0 | ) | |||||
Restructuring Charges | (1.3 | ) | (5.5 | ) | (3.0 | ) | (3.0 | ) | (12.8 | ) | ||||||||||
Amortization of Purchased Intangible Assets | (40.7 | ) | (40.8 | ) | (40.7 | ) | (40.2 | ) | (162.4 | ) | ||||||||||
Stock-based Compensation | (12.5 | ) | (12.0 | ) | (12.8 | ) | (12.8 | ) | (50.1 | ) | ||||||||||
Acquisition / divestiture items | (2.8 | ) | (2.8 | ) | (2.4 | ) | (1.9 | ) | (9.9 | ) | ||||||||||
Litigation | — | — | — | (0.3 | ) | (0.3 | ) | |||||||||||||
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CONSOLIDATED OPERATING INCOME | $ | 39.5 | $ | 36.0 | $ | 46.0 | $ | 32.9 | $ | 154.4 | ||||||||||
NON-OPERATING INCOME (EXPENSE) AND INCOME TAXES | $ | (5.4 | ) | $ | (10.1 | ) | $ | (8.9 | ) | $ | (8.9 | ) | $ | (33.3 | ) | |||||
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NET INCOME ATTRIBUTABLE TO TRIMBLE INC. | $ | 34.1 | $ | 25.9 | $ | 37.1 | $ | 24.0 | $ | 121.1 | ||||||||||
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REPORTING SEGMENTS
(Dollars in millions)
(Unaudited)
Three Months Ended | Fiscal | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Year | ||||||||||||||||
2014 | 2014 | 2014 | 2014 | 2014 | ||||||||||||||||
BUILDINGS AND INFRASTRUCTURE |
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Revenues | $ | 153.9 | $ | 179.2 | $ | 169.1 | $ | 160.5 | $ | 662.7 | ||||||||||
Operating income | $ | 28.8 | $ | 42.8 | $ | 32.0 | $ | 15.8 | $ | 119.4 | ||||||||||
Operating margin (% of segment external net revenues) | 18.7 | % | 23.9 | % | 18.9 | % | 9.8 | % | 18.0 | % | ||||||||||
GEOSPATIAL |
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Revenues | $ | 189.9 | $ | 218.1 | $ | 200.9 | $ | 187.9 | $ | 796.8 | ||||||||||
Operating income | $ | 43.5 | $ | 58.6 | $ | 48.4 | $ | 39.7 | $ | 190.2 | ||||||||||
Operating margin (% of segment external net revenues) | 22.9 | % | 26.9 | % | 24.1 | % | 21.1 | % | 23.9 | % | ||||||||||
RESOURCES AND UTILITIES |
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Revenues | $ | 134.1 | $ | 114.2 | $ | 87.4 | $ | 85.7 | $ | 421.4 | ||||||||||
Operating income | $ | 49.8 | $ | 39.7 | $ | 24.2 | $ | 20.6 | $ | 134.3 | ||||||||||
Operating margin (% of segment external net revenues) | 37.1 | % | 34.8 | % | 27.7 | % | 24.0 | % | 31.9 | % | ||||||||||
TRANSPORTATION |
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Revenues | $ | 126.8 | $ | 130.7 | $ | 127.4 | $ | 129.7 | $ | 514.6 | ||||||||||
Operating income | $ | 22.2 | $ | 28.5 | $ | 24.8 | $ | 24.8 | $ | 100.3 | ||||||||||
Operating margin (% of segment external net revenues) | 17.5 | % | 21.8 | % | 19.5 | % | 19.1 | % | 19.5 | % | ||||||||||
CORPORATE SUMMARY |
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REVENUES: | ||||||||||||||||||||
Buildings and Infrastructure | $ | 153.9 | $ | 179.2 | $ | 169.1 | $ | 160.5 | $ | 662.7 | ||||||||||
Geospatial | 189.9 | 218.1 | 200.9 | 187.9 | 796.8 | |||||||||||||||
Resources and Utilities | 134.1 | 114.2 | 87.4 | 85.7 | 421.4 | |||||||||||||||
Transportation | 126.8 | 130.7 | 127.4 | 129.7 | 514.6 | |||||||||||||||
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Total revenue | $ | 604.7 | $ | 642.2 | $ | 584.8 | $ | 563.8 | $ | 2,395.5 | ||||||||||
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SEGMENT OPERATING INCOME: | ||||||||||||||||||||
Buildings and Infrastructure | $ | 28.8 | $ | 42.8 | $ | 32.0 | $ | 15.8 | $ | 119.4 | ||||||||||
Geospatial | 43.5 | 58.6 | 48.4 | 39.7 | 190.2 | |||||||||||||||
Resources and Utilities | 49.8 | 39.7 | 24.2 | 20.6 | 134.3 | |||||||||||||||
Transportation | 22.2 | 28.5 | 24.8 | 24.8 | 100.3 | |||||||||||||||
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Total segment operating income before corporate allocations | $ | 144.3 | $ | 169.6 | $ | 129.4 | $ | 100.9 | $ | 544.2 | ||||||||||
CORPORATE AND OTHER CHARGES: | ||||||||||||||||||||
Unallocated Corporate Expense | $ | (16.1 | ) | $ | (20.6 | ) | $ | (11.0 | ) | $ | (16.7 | ) | $ | (64.4 | ) | |||||
Restructuring Charges | (0.4 | ) | (0.9 | ) | (0.3 | ) | (0.5 | ) | (2.1 | ) | ||||||||||
Amortization of Purchased Intangible Assets | (40.6 | ) | (37.8 | ) | (39.4 | ) | (40.7 | ) | (158.5 | ) | ||||||||||
Stock-based Compensation | (10.1 | ) | (11.0 | ) | (11.0 | ) | (11.3 | ) | (43.4 | ) | ||||||||||
Amortization of acquisition-related inventorystep-up | — | (0.1 | ) | (0.5 | ) | (0.2 | ) | (0.8 | ) | |||||||||||
Acquisition / divestiture items | (1.4 | ) | (2.0 | ) | (4.1 | ) | (6.0 | ) | (13.5 | ) | ||||||||||
Litigation | — | — | (52.0 | ) | 51.3 | (0.7 | ) | |||||||||||||
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CONSOLIDATED OPERATING INCOME | $ | 75.7 | $ | 97.2 | $ | 11.1 | $ | 76.8 | $ | 260.8 | ||||||||||
NON-OPERATING INCOME (EXPENSE) AND INCOME TAXES | $ | (7.1 | ) | $ | (19.3 | ) | $ | 0.7 | $ | (21.0 | ) | $ | (46.7 | ) | ||||||
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NET INCOME ATTRIBUTABLE TO TRIMBLE INC. | $ | 68.6 | $ | 77.9 | $ | 11.8 | $ | 55.8 | $ | 214.1 | ||||||||||
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