TRIMBLE 2012 ANNUAL REPORT
Austria
Australia
Belgium
Brazil
Canada
Chile
China
Denmark
Dubai
Finland
France
Germany
Ghana
India
Indonesia
Ireland
Italy
Japan
Kenya
Korea
Malaysia
Mexico
Norway
Russia
Singapore
South Africa
Spain
Sweden
Switzerland
Thailand
United Arab Emirates
United Kingdom
The Netherlands
USA
New Zealand
CORPORATE HEADQUARTERS
SHAREHOLDER INFORMATION
ADDITIONAL INFORMATION
Trimble Navigation Limited
Independent Auditor
The Company’s annual report on
935 Stewart Drive
Sunnyvale, California 94085
Ernst & Young LLP
San Jose, California
(408) 481-8000
www.trimble.com
Transfer Agent & Registrar
American Stock Transfer &
Trust Company
6201 15th Ave.
Brooklyn, New York 11219
(800) 937-5449
www.amstock.com
info@amstock.com
Investor Relations Contact
(408) 481-7838
investor_relations@trimble.com
Form 10-K, as filed with the
Securities Exchange Commission,
accompanies this annual report to
shareholders and is also available
on the Investor Relations section of
the Company’s website at: www.
trimble.com
Trimble Investor Information
Traded: The NASDAQ Stock
Exchange
Symbol: TRMB
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FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
Revenue
in $ millions
EBITDA
in $ millions
Cash Flow from Operations
in $ millions
2000
_
1800
1600
1400
1200
1000
800
600
400
200
0
_
_
_
_
_
_
_
_
_
_
400
350
300
250
200
150
100
50
0
_
_
_
_
_
_
_
_
_
360
320
280
240
200
160
120
80
40
0
_
_
_
_
_
_
_
_
_
_
08 09 10 11 12
08 09 10 11 12
08 09 10 11 12
COMPARISON OF 5-YEAR CUMULATIVE TOTAL RETURN*
Among Trimble Navigation Limited, the NASDAQ composite index and the S&P information technology sector index
$250
$200
$150
$100
$50
$0
2/07 12/08 12/09 12/10 12/11 12/12
Trimble Navigation Limited
NASDAQ Composite
S&P Information Technology
The above graph compares the cumulative 5-year total return provided shareholders on Trimble Navigation Limited’s common stock relative
to the cumulative total returns of the NASDAQ Composite index and the S&P Information Technology index. An investment of $100 (with
reinvestment of all dividends) is assumed to have been made in our common stock and in each of the indices on 12/31/2007 and its relative
performance is tracked through 12/28/2012. The Company has never paid dividends on its common stock and has no present plans to do so.
* The Company adopted a 52-53 week fiscal year effective upon the end of fiscal year 1997 and the actual date of the Company’s 2012
fiscal year end was December 28, 2012. Any variations due to any differences between the actual date of a particular fiscal year end and the
calendar year end for such year are not expected to be material.
MANAGEMENT INFORMATION
MANAGEMENT INFORMATION
EXECUTIVE MANAGEMENT
Steven W. Berglund
President and Chief Executive Officer
Erik J. Arvesen
Vice President, Survey Division
John E. Huey
Treasurer
Rajat Bahri
Vice President, Chief Financial Officer
Douglas R. Brent
Vice President, Technology Innovation
James A. Kirkland
Vice President and General Counsel
Bryn A. Fosburgh
Vice President
Christopher W. Gibson
Vice President
Mark A. Harrington
Vice President
James M. Veneziano
Vice President
BOARD OF DIRECTORS
Ulf J. Johansson, Ph.D
Chairman
Business Consultant
Director, Telefon AB LM Ericsson
Chairman, Novo Nordisk Group
Nickolas W. Vande Steeg
Vice Chairman
Trustee, Azusa Pacific University
Chairman, APOU
Founder, Kollaborate.org
Director, Wabtec Corporation
Roz D. Buick, Ph.D.
Vice President,
Heavy Civil Construction Division
Ann M. Ciganer
Vice President, Strategic Policy
Jürgen D. Kliem
Vice President, Strategy and
Business Development
Leah K. Lambertson
Vice President, Operations
Joseph F. Denniston, Jr.
Vice President, Agriculture Division
Peter O. Large
Vice President, Channel Development
Prakash Iyer
Vice President,
Software Architecture and Strategy
Steven W. Berglund
President and Chief Executive Officer
John B. Goodrich
Secretary
Business Consultant
William Hart
Venture Capital Investor
Business Consultant
Merit E. Janow
Professor, International Economic Law
and International Affairs, Columbia University
Julie A. Shepard
Vice President, Finance
Christopher J. Shephard
Vice President, Construction Solutions Group
Mary Kay Strangis
Vice President, Human Resources
Ronald S. Nersesian
President and Chief Operating Officer,
Agilent Technologies
Bradford W. Parkinson, Ph.D.
Executive Consultant
Professor (Emeritus), Stanford University
Mark S. Peek
Chief Financial Officer, Workday
SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS
This Annual Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, which are subject to the “safe harbor” created by those sections. The forward-looking statements re-
garding future events and the future results of Trimble Navigation Limited (“Trimble” or “the Company” or “we” or “our” or “us”) are based
on current expectations, estimates, forecasts, and projections about the industries in which Trimble operates and the beliefs and assumptions
of the management of Trimble. Examples of such forward-looking statements may include, but are not limited to, our expectation that our
ROIC will recover as we realize the benefits of the acquisitions and as our capital base re-aligns to the revenue base as our acquisition activity
returns to historical patterns; and our belief that acquisitions are intended to augment our strategy and do not play a central role in our
growth expectations – which are founded on organic growth. Discussions containing forward-looking statements may also be found under
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K. In some
cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “could,” “predicts,” “potential,”
“continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These forward-looking
statements involve certain risks and uncertainties that could cause actual results, levels of activity, performance, achievements, and events to
differ materially from those implied by such forward-looking statements, but are not limited to those discussed in this Report under the section
entitled “Risk Factors” and elsewhere, and in other reports Trimble files with the Securities and Exchange Commission (“SEC”), specifically
the most recent reports on Form 8-K and Form 10-Q, each as it may be amended from time to time. For example, acquisitions are inherently
opportunistic, and we may choose to pursue a significant acquisition which may impact our growth expectations as well as our ROIC. These
forward-looking statements are made as of the date of this Annual Report. We reserve the right to update these statements for any reason,
including the occurrence of material events. The risks and uncertainties under the caption “Risks and Uncertainties” contained herein, among
other things, should be considered in evaluating our prospects and future financial performance. We have attempted to identify forward-
looking statements in this report by placing an asterisk (*) before paragraphs containing such material.
©Trimble Navigation Limited. All rights reserved. Trimble and the Globe and Triangle logo are registered trademarks of Trimble Navigation Limited, registered in
the United States and/or in other countries. All other trademarks are the property of their respective owner.
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
Revenue
in $ millions
EBITDA
in $ millions
Cash Flow from Operations
in $ millions
2000
_
1800
1600
1400
1200
1000
800
600
400
200
0
_
_
_
_
_
_
_
_
_
_
400
350
300
250
200
150
100
50
0
_
_
_
_
_
_
_
_
_
360
320
280
240
200
160
120
80
40
0
_
_
_
_
_
_
_
_
_
_
08 09 10 11 12
08 09 10 11 12
08 09 10 11 12
COMPARISON OF 5-YEAR CUMULATIVE TOTAL RETURN*
Among Trimble Navigation Limited, the NASDAQ composite index and the S&P information technology sector index
$250
$200
$150
$100
$50
$0
2/07 12/08 12/09 12/10 12/11 12/12
Trimble Navigation Limited
NASDAQ Composite
S&P Information Technology
The above graph compares the cumulative 5-year total return provided shareholders on Trimble Navigation Limited’s common stock relative
to the cumulative total returns of the NASDAQ Composite index and the S&P Information Technology index. An investment of $100 (with
reinvestment of all dividends) is assumed to have been made in our common stock and in each of the indices on 12/31/2007 and its relative
performance is tracked through 12/28/2012. The Company has never paid dividends on its common stock and has no present plans to do so.
* The Company adopted a 52-53 week fiscal year effective upon the end of fiscal year 1997 and the actual date of the Company’s 2012
fiscal year end was December 28, 2012. Any variations due to any differences between the actual date of a particular fiscal year end and the
calendar year end for such year are not expected to be material.
MANAGEMENT INFORMATION
MANAGEMENT INFORMATION
EXECUTIVE MANAGEMENT
Steven W. Berglund
President and Chief Executive Officer
Erik J. Arvesen
Vice President, Survey Division
John E. Huey
Treasurer
Rajat Bahri
Vice President, Chief Financial Officer
Douglas R. Brent
Vice President, Technology Innovation
James A. Kirkland
Vice President and General Counsel
Bryn A. Fosburgh
Vice President
Christopher W. Gibson
Vice President
Mark A. Harrington
Vice President
James M. Veneziano
Vice President
BOARD OF DIRECTORS
Ulf J. Johansson, Ph.D
Chairman
Business Consultant
Director, Telefon AB LM Ericsson
Chairman, Novo Nordisk Group
Nickolas W. Vande Steeg
Vice Chairman
Trustee, Azusa Pacific University
Chairman, APOU
Founder, Kollaborate.org
Director, Wabtec Corporation
Roz D. Buick, Ph.D.
Vice President,
Heavy Civil Construction Division
Ann M. Ciganer
Vice President, Strategic Policy
Jürgen D. Kliem
Vice President, Strategy and
Business Development
Leah K. Lambertson
Vice President, Operations
Joseph F. Denniston, Jr.
Vice President, Agriculture Division
Peter O. Large
Vice President, Channel Development
Prakash Iyer
Vice President,
Software Architecture and Strategy
Steven W. Berglund
President and Chief Executive Officer
John B. Goodrich
Secretary
Business Consultant
William Hart
Venture Capital Investor
Business Consultant
Merit E. Janow
Professor, International Economic Law
and International Affairs, Columbia University
Julie A. Shepard
Vice President, Finance
Christopher J. Shephard
Vice President, Construction Solutions Group
Mary Kay Strangis
Vice President, Human Resources
Ronald S. Nersesian
President and Chief Operating Officer,
Agilent Technologies
Bradford W. Parkinson, Ph.D.
Executive Consultant
Professor (Emeritus), Stanford University
Mark S. Peek
Chief Financial Officer, Workday
SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS
This Annual Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, which are subject to the “safe harbor” created by those sections. The forward-looking statements re-
garding future events and the future results of Trimble Navigation Limited (“Trimble” or “the Company” or “we” or “our” or “us”) are based
on current expectations, estimates, forecasts, and projections about the industries in which Trimble operates and the beliefs and assumptions
of the management of Trimble. Examples of such forward-looking statements may include, but are not limited to, our expectation that our
ROIC will recover as we realize the benefits of the acquisitions and as our capital base re-aligns to the revenue base as our acquisition activity
returns to historical patterns; and our belief that acquisitions are intended to augment our strategy and do not play a central role in our
growth expectations – which are founded on organic growth. Discussions containing forward-looking statements may also be found under
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K. In some
cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “could,” “predicts,” “potential,”
“continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These forward-looking
statements involve certain risks and uncertainties that could cause actual results, levels of activity, performance, achievements, and events to
differ materially from those implied by such forward-looking statements, but are not limited to those discussed in this Report under the section
entitled “Risk Factors” and elsewhere, and in other reports Trimble files with the Securities and Exchange Commission (“SEC”), specifically
the most recent reports on Form 8-K and Form 10-Q, each as it may be amended from time to time. For example, acquisitions are inherently
opportunistic, and we may choose to pursue a significant acquisition which may impact our growth expectations as well as our ROIC. These
forward-looking statements are made as of the date of this Annual Report. We reserve the right to update these statements for any reason,
including the occurrence of material events. The risks and uncertainties under the caption “Risks and Uncertainties” contained herein, among
other things, should be considered in evaluating our prospects and future financial performance. We have attempted to identify forward-
looking statements in this report by placing an asterisk (*) before paragraphs containing such material.
©Trimble Navigation Limited. All rights reserved. Trimble and the Globe and Triangle logo are registered trademarks of Trimble Navigation Limited, registered in
the United States and/or in other countries. All other trademarks are the property of their respective owner.
TRIMBLE 2012 ANNUAL REPORT
Austria
Australia
Belgium
Brazil
Canada
Chile
China
Denmark
Dubai
Finland
France
Germany
Ghana
India
Indonesia
Ireland
Italy
Japan
Kenya
Korea
Malaysia
Mexico
Norway
Russia
Singapore
South Africa
Spain
Sweden
Switzerland
Thailand
United Arab Emirates
United Kingdom
The Netherlands
USA
New Zealand
CORPORATE HEADQUARTERS
SHAREHOLDER INFORMATION
ADDITIONAL INFORMATION
Trimble Navigation Limited
Independent Auditor
The Company’s annual report on
935 Stewart Drive
Sunnyvale, California 94085
Ernst & Young LLP
San Jose, California
(408) 481-8000
www.trimble.com
Transfer Agent & Registrar
American Stock Transfer &
Trust Company
6201 15th Ave.
Brooklyn, New York 11219
(800) 937-5449
www.amstock.com
info@amstock.com
Investor Relations Contact
(408) 481-7838
investor_relations@trimble.com
Form 10-K, as filed with the
Securities Exchange Commission,
accompanies this annual report to
shareholders and is also available
on the Investor Relations section of
the Company’s website at: www.
trimble.com
Trimble Investor Information
Traded: The NASDAQ Stock
Exchange
Symbol: TRMB
T
r
i
l
m
b
e
N
a
v
i
g
a
t
i
o
n
•
A
n
n
u
a
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R
e
p
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2
0
1
2