Deere & Company (DE) Financial Statements (2025 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)
| 1/31/2025 MRQ | 10/31/2024 | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,324 | 7,458 | 4,774 | 8,017 | 7,066 | 3,874 | |||
| Cash and cash equivalent | 7,324 | 7,458 | 4,774 | 8,017 | 7,066 | 3,857 | |||
| Short-term investments | 17 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 7,093 | 8,160 | 8,495 | 6,781 | 4,999 | 5,975 | |||
| Inventory | 7,093 | 8,160 | 8,495 | 6,781 | 4,999 | 5,975 | |||
| Total current assets: | 14,417 | 15,618 | 13,269 | 14,798 | 12,065 | 9,849 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 89 | 66 | 49 | 71 | 63 | ||||
| Operating lease, right-of-use asset | 274 | 283 | 299 | 291 | 324 | ||||
| Property, plant and equipment | 1,326 | 1,339 | 5,973 | ||||||
| Long-term investments and receivables | 122 | 126 | 117 | 175 | 193 | 215 | |||
| Long-term investments | 122 | 126 | 117 | 175 | 193 | 215 | |||
| Intangible assets, net (including goodwill) | 4,958 | 5,033 | 4,905 | 4,566 | 4,408 | 4,297 | |||
| Goodwill | 3,959 | 3,900 | 3,687 | 3,291 | 3,081 | 2,917 | |||
| Intangible assets, net (excluding goodwill) | 999 | 1,133 | 1,218 | 1,275 | 1,327 | 1,380 | |||
| Deferred income tax assets | 2,086 | 1,814 | 824 | 1,037 | 1,499 | 1,466 | |||
| Total noncurrent assets: | 7,529 | 7,322 | 6,194 | 7,466 | 7,826 | 11,951 | |||
| Other undisclosed assets | 85,374 | 81,147 | 70,567 | 61,850 | 55,200 | 51,211 | |||
| TOTAL ASSETS: | 107,320 | 104,087 | 90,030 | 84,114 | 75,091 | 73,011 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 13,533 | 17,939 | 12,592 | 10,919 | 21 | ||||
| Deferred compensation liability | 28 | 25 | |||||||
| Total current liabilities: | 13,561 | 17,964 | 12,592 | 10,919 | 21 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 72 | 49 | 30 | 32,926 | 32,773 | 30,229 | |||
| Long-term debt, excluding current maturities | 32,888 | 32,734 | 30,229 | ||||||
| Finance lease, liability | 72 | 49 | 30 | 38 | 39 | ||||
| Liabilities, other than long-term debt | 478 | 520 | 495 | 576 | 519 | 495 | |||
| Deferred income tax liabilities | 478 | 520 | 495 | 576 | 519 | 495 | |||
| Total noncurrent liabilities: | 550 | 569 | 525 | 33,502 | 33,292 | 30,724 | |||
| Other undisclosed liabilities | 70,284 | 63,668 | 56,556 | 21,259 | 28,834 | 30,856 | |||
| Total liabilities: | 84,395 | 82,201 | 69,673 | 65,680 | 62,147 | 61,580 | |||
| Temporary equity, including noncontrolling interest | 82 | 97 | 92 | 14 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 22,836 | 21,785 | 20,262 | 18,431 | 12,937 | 11,413 | |||
| Common stock | 5,489 | 5,303 | 5,165 | 5,054 | 4,895 | 4,642 | |||
| Treasury stock, value | (35,349) | (31,335) | (24,094) | (20,533) | (18,065) | (17,474) | |||
| Accumulated other comprehensive loss | (3,706) | (3,114) | (3,056) | (2,539) | (5,539) | (5,607) | |||
| Retained earnings | 56,402 | 50,931 | 42,247 | 36,449 | 31,646 | 29,852 | |||
| Equity, attributable to noncontrolling interest | 7 | 4 | 3 | 3 | 7 | 4 | |||
| Total equity: | 22,843 | 21,789 | 20,265 | 18,434 | 12,944 | 11,417 | |||
| TOTAL LIABILITIES AND EQUITY: | 107,320 | 104,087 | 90,030 | 84,114 | 75,091 | 73,011 | |||
Income Statement (P&L) ($ in millions)
| 1/31/2025 TTM | 10/31/2024 | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 51,716 | 61,251 | 52,577 | 44,024 | 35,540 | 39,258 | ||
| Cost of revenue | (33,923) | (39,971) | (36,141) | (31,260) | (26,196) | (29,645) | ||
| Gross profit: | 17,793 | 21,280 | 16,436 | 12,764 | 9,344 | 9,613 | ||
| Operating expenses | (8,587) | (8,261) | (7,309) | (5,162) | (5,461) | (5,525) | ||
| Operating income: | 9,206 | 13,019 | 9,127 | 7,602 | 3,883 | 4,088 | ||
| Nonoperating income | 333 | 286 | 218 | |||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 333 | 286 | 218 | |||||
| Interest and debt expense | (4) | (2,453) | (1,062) | (993) | (1,247) | (1,466) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (329) | 2,167 | 844 | 993 | 1,247 | 1,466 | ||
| Income from continuing operations before equity method investments, income taxes: | 9,206 | 13,019 | 9,127 | 7,602 | 3,883 | 4,088 | ||
| Income (loss) from equity method investments | (24) | 7 | 10 | 21 | (48) | 21 | ||
| Income from continuing operations before income taxes: | 9,182 | 13,026 | 9,137 | 7,623 | 3,835 | 4,109 | ||
| Income tax expense | (2,094) | (2,871) | (2,007) | (1,658) | (1,082) | (852) | ||
| Income from continuing operations: | 7,088 | 10,155 | 7,130 | 5,965 | 2,753 | 3,257 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 7,130 | 5,965 | 2,753 | 3,257 | |
| Net income: | 7,088 | 10,155 | 7,130 | 5,965 | 2,753 | 3,257 | ||
| Net income (loss) attributable to noncontrolling interest | 12 | 11 | 1 | (2) | (2) | (4) | ||
| Net income available to common stockholders, diluted: | 7,100 | 10,166 | 7,131 | 5,963 | 2,751 | 3,253 | ||
Comprehensive Income ($ in millions)
| 1/31/2025 TTM | 10/31/2024 | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 7,088 | 10,155 | 7,130 | 5,965 | 2,753 | 3,257 | ||
| Other comprehensive income (loss) | (592) | (58) | (517) | 3,000 | 68 | (1,172) | ||
| Other undisclosed comprehensive income | 1 | |||||||
| Comprehensive income: | 6,497 | 10,097 | 6,613 | 8,965 | 2,821 | 2,085 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 11 | 2 | 16 | (2) | (2) | (4) | ||
| Comprehensive income, net of tax, attributable to parent: | 6,508 | 10,099 | 6,629 | 8,963 | 2,819 | 2,081 | ||
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.