Deere & Company (DE) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE JOHN DEERE PLACE
MOLINE, IL 61265-8098
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 3523 - Farm Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

4/30/2024
MRQ
1/31/2024
MRQ
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1377,4584,7748,0177,0663,874
Cash and cash equivalents5,1377,4584,7748,0177,0663,857
Short-term investments      17
Inventory, net of allowances, customer advances and progress billings8,9378,1608,4956,7814,9995,975
Inventory8,9378,1608,4956,7814,9995,975
Total current assets:14,07415,61813,26914,79812,0659,849
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  66497163 
Operating lease, right-of-use asset  283299291324 
Property, plant and equipment    1,3261,3395,973
Long-term investments and receivables  126117175193215
Long-term investments  126117175193215
Intangible assets, net (including goodwill)5,0785,0334,9054,5664,4084,297
Goodwill3,9663,9003,6873,2913,0812,917
Intangible assets, net (excluding goodwill)1,1121,1331,2181,2751,3271,380
Deferred income tax assets1,8331,8148241,0371,4991,466
Total noncurrent assets:6,9117,3226,1947,4667,82611,951
Other undisclosed assets80,38681,14770,56761,85055,20051,211
TOTAL ASSETS:101,371104,08790,03084,11475,09173,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt17,11717,93912,59210,91921 
Deferred compensation liability  25    
Total current liabilities:17,11717,96412,59210,91921 
Noncurrent Liabilities
Long-term debt and lease obligation  493032,92632,77330,229
Long-term debt, excluding current maturities    32,88832,73430,229
Finance lease, liability  49303839 
Liabilities, other than long-term debt550520495576519495
Deferred income tax liabilities550520495576519495
Total noncurrent liabilities:55056952533,50233,29230,724
Other undisclosed liabilities61,52563,66856,55621,25928,83430,856
Total liabilities:79,19282,20169,67365,68062,14761,580
Temporary equity, carrying amount1009792  14
Equity
Equity, attributable to parent22,07521,78520,26218,43112,93711,413
Common stock5,3355,3035,1655,0544,8954,642
Treasury stock, value(32,663)(31,335)(24,094)(20,533)(18,065)(17,474)
Accumulated other comprehensive loss(2,863)(3,114)(3,056)(2,539)(5,539)(5,607)
Retained earnings52,26650,93142,24736,44931,64629,852
Equity, attributable to noncontrolling interest443374
Total equity:22,07921,78920,26518,43412,94411,417
TOTAL LIABILITIES AND EQUITY:101,371104,08790,03084,11475,09173,011

Income Statement (P&L) ($ in millions)

4/30/2024
TTM
1/31/2024
TTM
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Revenues60,78561,25152,57744,02435,54039,258
Cost of revenue(39,599)(39,971)(36,141)(31,260)(26,196)(29,645)
Gross profit:21,18621,28016,43612,7649,3449,613
Operating expenses(8,444)(8,261)(7,309)(5,162)(5,461)(5,525)
Operating income:12,74213,0199,1277,6023,8834,088
Nonoperating income286286218   
Net periodic defined benefits expense (reversal of expense), excluding service cost component  286218   
Interest and debt expense(2,776)(2,453)(1,062)(993)(1,247)(1,466)
Other undisclosed income from continuing operations before equity method investments, income taxes2,4902,1678449931,2471,466
Income from continuing operations before equity method investments, income taxes:12,74213,0199,1277,6023,8834,088
Income (loss) from equity method investments871021(48)21
Income from continuing operations before income taxes:12,75013,0269,1377,6233,8354,109
Income tax expense(2,803)(2,871)(2,007)(1,658)(1,082)(852)
Income from continuing operations:9,94710,1557,1305,9652,7533,257
Income before gain (loss) on sale of properties:7,1305,9652,7533,257
Net income:9,94710,1557,1305,9652,7533,257
Net income (loss) attributable to noncontrolling interest11111(2)(2)(4)
Net income available to common stockholders, diluted:9,95810,1667,1315,9632,7513,253

Comprehensive Income ($ in millions)

4/30/2024
TTM
1/31/2024
TTM
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Net income:9,94710,1557,1305,9652,7533,257
Other comprehensive income (loss)(491)(58)(517)3,00068(1,172)
Comprehensive income:9,45610,0976,6138,9652,8212,085
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10216(2)(2)(4)
Comprehensive income, net of tax, attributable to parent:9,46610,0996,6298,9632,8192,081

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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