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 investments7,3247,4584,7748,0177,0663,874
Cash and cash equivalent7,3247,4584,7748,0177,0663,857
Short-term investments      17
Inventory, net of allowances, customer advances and progress billings7,0938,1608,4956,7814,9995,975
Inventory7,0938,1608,4956,7814,9995,975
Total current assets:14,41715,61813,26914,79812,0659,849
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 8966497163 
Operating lease, right-of-use asset 274283299291324 
Property, plant and equipment    1,3261,3395,973
Long-term investments and receivables 122126117175193215
Long-term investments 122126117175193215
Intangible assets, net (including goodwill)4,9585,0334,9054,5664,4084,297
Goodwill3,9593,9003,6873,2913,0812,917
Intangible assets, net (excluding goodwill)9991,1331,2181,2751,3271,380
Deferred income tax assets2,0861,8148241,0371,4991,466
Total noncurrent assets:7,5297,3226,1947,4667,82611,951
Other undisclosed assets85,37481,14770,56761,85055,20051,211
TOTAL ASSETS:107,320104,08790,03084,11475,09173,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt13,53317,93912,59210,91921 
Deferred compensation liability 2825    
Total current liabilities:13,56117,96412,59210,91921 
Noncurrent Liabilities
Long-term debt and lease obligation 72493032,92632,77330,229
Long-term debt, excluding current maturities    32,88832,73430,229
Finance lease, liability 7249303839 
Liabilities, other than long-term debt478520495576519495
Deferred income tax liabilities478520495576519495
Total noncurrent liabilities:55056952533,50233,29230,724
Other undisclosed liabilities70,28463,66856,55621,25928,83430,856
Total liabilities:84,39582,20169,67365,68062,14761,580
Temporary equity, including noncontrolling interest829792  14
Equity
Equity, attributable to parent22,83621,78520,26218,43112,93711,413
Common stock5,4895,3035,1655,0544,8954,642
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 earnings56,40250,93142,24736,44931,64629,852
Equity, attributable to noncontrolling interest743374
Total equity:22,84321,78920,26518,43412,94411,417
TOTAL LIABILITIES AND EQUITY:107,320104,08790,03084,11475,09173,011

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
Revenues51,71661,25152,57744,02435,54039,258
Cost of revenue(33,923)(39,971)(36,141)(31,260)(26,196)(29,645)
Gross profit:17,79321,28016,43612,7649,3449,613
Operating expenses(8,587)(8,261)(7,309)(5,162)(5,461)(5,525)
Operating income:9,20613,0199,1277,6023,8834,088
Nonoperating income333286218   
Net periodic defined benefits expense (reversal of expense), excluding service cost component 333286218   
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)2,1678449931,2471,466
Income from continuing operations before equity method investments, income taxes:9,20613,0199,1277,6023,8834,088
Income (loss) from equity method investments(24)71021(48)21
Income from continuing operations before income taxes:9,18213,0269,1377,6233,8354,109
Income tax expense(2,094)(2,871)(2,007)(1,658)(1,082)(852)
Income from continuing operations:7,08810,1557,1305,9652,7533,257
Income before gain (loss) on sale of properties:7,1305,9652,7533,257
Net income:7,08810,1557,1305,9652,7533,257
Net income (loss) attributable to noncontrolling interest12111(2)(2)(4)
Net income available to common stockholders, diluted:7,10010,1667,1315,9632,7513,253

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:7,08810,1557,1305,9652,7533,257
Other comprehensive income (loss)(592)(58)(517)3,00068(1,172)
Other undisclosed comprehensive income1     
Comprehensive income:6,49710,0976,6138,9652,8212,085
Comprehensive income (loss), net of tax, attributable to noncontrolling interest11216(2)(2)(4)
Comprehensive income, net of tax, attributable to parent:6,50810,0996,6298,9632,8192,081

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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