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)

10/31/2023
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,9764,7748,0177,0663,8743,904
Cash and cash equivalents3,9764,7748,0177,0663,8573,904
Short-term investments     17 
Inventory, net of allowances, customer advances and progress billings10,0568,4956,7814,9995,9756,149
Inventory10,0568,4956,7814,9995,9756,149
Total current assets:14,03213,26914,79812,0659,84910,053
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 497163 
Operating lease, right-of-use asset 299291324 
Property, plant and equipment   1,3261,3395,9735,868
Long-term investments and receivables 117175193215207
Long-term investments 117175193215207
Intangible assets, net (including goodwill)5,1464,9054,5664,4084,2974,663
Goodwill3,8913,6873,2913,0812,9173,101
Intangible assets, net (excluding goodwill)1,2551,2181,2751,3271,3801,562
Deferred income tax assets9148241,0371,4991,466
Total noncurrent assets:6,0606,1947,4667,82611,95110,738
Other undisclosed assets71,52870,56761,85055,20051,21149,317
TOTAL ASSETS:91,62090,03084,11475,09173,01170,108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt14,12912,59210,91921  
Deferred compensation liability      
Total current liabilities:14,12912,59210,91921  
Noncurrent Liabilities
Long-term debt and lease obligation 3032,92632,77330,22927,237
Long-term debt, excluding current maturities   32,88832,73430,22927,237
Finance lease, liability 303839 
Liabilities, other than long-term debt519495576519495 
Deferred income tax liabilities519495576519495
Total noncurrent liabilities:51952533,50233,29230,72427,237
Other undisclosed liabilities55,53656,55621,25928,83430,85631,565
Total liabilities:70,18469,67365,68062,14761,58058,803
Temporary equity, carrying amount10092  1414
Equity
Equity, attributable to parent21,33220,26218,43112,93711,41311,288
Common stock5,1915,1655,0544,8954,6424,474
Treasury stock, value(25,333)(24,094)(20,533)(18,065)(17,474)(16,312)
Accumulated other comprehensive loss(2,372)(3,056)(2,539)(5,539)(5,607)(4,428)
Retained earnings43,84642,24736,44931,64629,85227,553
Equity, attributable to noncontrolling interest433743
Total equity:21,33620,26518,43412,94411,41711,291
TOTAL LIABILITIES AND EQUITY:91,62090,03084,11475,09173,01170,108

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

10/31/2023
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues55,66052,57744,02435,54039,25837,358
Cost of revenue(37,699)(36,141)(31,260)(26,196)(29,645)(27,983)
Gross profit:17,96116,43612,7649,3449,6139,375
Operating expenses(7,492)(7,309)(5,162)(5,461)(5,525)(5,304)
Operating income:10,4699,1277,6023,8834,0884,071
Nonoperating income218218    
Net periodic defined benefits expense (reversal of expense), excluding service cost component 218    
Interest and debt expense(1,311)(1,062)(993)(1,247)(1,466)(1,204)
Other undisclosed income from continuing operations before equity method investments, income taxes1,0938449931,2471,4661,204
Income from continuing operations before equity method investments, income taxes:10,4699,1277,6023,8834,0884,071
Income (loss) from equity method investments91021(48)2127
Income from continuing operations before income taxes:10,4789,1377,6233,8354,1094,098
Income tax expense(2,295)(2,007)(1,658)(1,082)(852)(1,727)
Income from continuing operations:8,1837,1305,9652,7533,2572,371
Income before gain (loss) on sale of properties:6,2267,1305,9652,7533,2572,371
Net income:8,1837,1305,9652,7533,2572,371
Net income (loss) attributable to noncontrolling interest41(2)(2)(4)(2)
Net income attributable to parent:8,1877,1315,9632,7513,2532,368
Other undisclosed net loss available to common stockholders, basic      (0)
Net income available to common stockholders, diluted:8,1877,1315,9632,7513,2532,368

Comprehensive Income ($ in millions)

10/31/2023
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net income:8,1837,1305,9652,7533,2572,371
Other comprehensive income (loss)780(517)3,00068(1,172)853
Comprehensive income:8,9636,6138,9652,8212,0853,223
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1016(2)(2)(4)(2)
Comprehensive income, net of tax, attributable to parent:8,9736,6298,9632,8192,0813,221

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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