UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Amendment No. 1)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 3, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from____to____
Commission File Number 0-18645
TRIMBLE NAVIGATION LIMITED
(Exact name of registrant as specified in its charter)
California 94-2802192
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) identification No.)
645 North Mary Avenue, Sunnyvale, California 94088
(Address of Principal Executive Offices) (Zip Code)
(408) 481-8000
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter periods that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
As of April 3, 1998, there were 22,788,600 shares of Common Stock (no par
value) outstanding.
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TRIMBLE NAVIGATION LIMITED
INDEX
Page
PART I. FINANCIAL INFORMATION Number
Item 1. Financial Statements
Condensed Consolidated Statements of Cash Flows -
Three Months ended April 3, 1998 and March 31, 1997 2
SIGNATURES 3
1
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TRIMBLE NAVIGATION LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ended
April 3, March 31,
1998 1997
- --------------------------------------------------------------------------------
(In thousands)
Net cash provided by operating activities $ 1,029 $ 6,152
----------- ----------
Cash flow from investing activities:
Purchase of short term investments (14,853) (20,291)
Maturities of short term investments 14,500 17,375
Sales of short term investments - 3,500
Equity investments - (1,000)
Acquisition of property and equipment (2,622) (2,554)
Capitalized patent expenditures (277) (118)
----------- ----------
Net cash used in investing activities (3,252) (3,088)
----------- ----------
Cash flow from financing activities:
Issuance of common stock 1,097 488
Repurchase of common stock (1,858) (673)
Payment of notes receivable (183) (77)
Proceeds from long-term debt and revolving
credit facilities 147 641
----------- ----------
Net cash provided (used) by financing activities (797) 379
----------- ----------
Net increase (decrease) in cash and cash equivalents (3,020) 3,443
Cash and cash equivalents -- beginning of period 19,951 22,671
----------- ----------
Cash and cash equivalents -- end of period $ 16,931 $ 26,114
=========== ==========
Supplemental disclosures of cash flow information:
Cash paid (received) during the period for:
Interest $ 792 $ 837
Income taxes (benefit), net of refunds $ 681 $ (678)
See accompanying notes to condensed consolidated financial statements.
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TRIMBLE NAVIGATION LIMITED
(Registrant)
By:/s/ Dennis R. Ing
Dennis R. Ing
(Executive Vice President Finance, Chief Financial
Officer)
DATE: June 5, 1998
