Deere & Company (DE) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6023,8743,9049,3354,3364,162
Cash and cash equivalents3,6023,8573,9049,3354,3364,162
Short-term investments 17    
Inventory, net of allowances, customer advances and progress billings6,4825,9756,1493,9043,3413,817
Inventory6,4825,9756,1493,9043,3413,817
Total current assets:10,0849,84910,05313,2397,6767,979
Noncurrent Assets
Finance lease, right-of-use asset37 
Operating lease, right-of-use asset376 
Property, plant and equipment5,9005,9735,8685,0685,1715,182
Long-term investments and receivables217215207183233304
Long-term investments217215207183233304
Intangible assets, net (including goodwill)4,2944,2974,6631,251920790
Goodwill2,9452,9173,1011,033816726
Intangible assets, net (excluding goodwill)1,3491,3801,56221810464
Deferred income tax assets1,4141,466
Defined benefit plan, assets for plan benefits94216
Total noncurrent assets:12,23811,95110,7386,5026,4176,490
Other undisclosed assets49,49951,21149,31746,04643,88943,478
TOTAL ASSETS:71,82173,01170,10865,78657,98157,948
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt12     
Total current liabilities:12     
Noncurrent Liabilities
Long-term debt and lease obligation30,49830,22927,23725,891 23,833
Long-term debt, excluding current maturities30,47530,22927,23725,891 23,833
Finance lease, liability23 
Liabilities, other than long-term debt491495    
Deferred income tax liabilities491495
Total noncurrent liabilities:30,98930,72427,23725,891 23,833
Other undisclosed liabilities28,87630,85631,56530,32151,43727,357
Total liabilities:59,87761,58058,80356,21251,43751,190
Temporary equity, carrying amount1414141414 
Stockholders' equity
Stockholders' equity attributable to parent11,92611,41311,2889,5576,5206,743
Common stock4,6754,6424,4744,2813,9123,826
Treasury stock, value(17,549)(17,474)(16,312)(15,461)(15,677)(15,498)
Accumulated other comprehensive loss(5,329)(5,607)(4,428)(4,564)(5,626)(4,729)
Retained earnings30,12929,85227,55325,30123,91123,145
Stockholders' equity attributable to noncontrolling interest44331114
Total stockholders' equity:11,93011,41711,2919,5616,5316,758
TOTAL LIABILITIES AND EQUITY:71,82173,01170,10865,78657,98157,948

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

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Revenues38,90539,25837,35829,73826,64428,863
Revenue, net25,88523,38725,775
Cost of revenue(29,333)(29,645)(27,983)(22,102)(21,399)(23,113)
Cost of goods and services sold  (928)(19,934)(18,411)(20,303)
Gross profit:9,5729,6139,3757,6355,2455,750
Operating expenses(5,592)(5,525)(5,304)(4,482)(3,021)(2,970)
Operating income:3,9804,0884,0713,1542,2242,780
Interest and debt expense(1,449)(1,466)(1,204)(900)(764)(680)
Other undisclosed income from continuing operations before equity method investments, income taxes1,4491,4661,204900764680
Income from continuing operations before equity method investments, income taxes:3,9804,0884,0713,1542,2242,780
Income (loss) from equity method investments132127(24)(2)1
Income from continuing operations before income taxes:3,9944,1094,0983,1302,2222,781
Income tax expense(719)(852)(1,727)(971)(700)(840)
Net income:3,2753,2572,3712,1591,5221,941
Net income (loss) attributable to noncontrolling interest(3)(4)(2)(0)2(1)
Net income attributable to parent:3,2723,2532,3682,1591,5241,940
Other undisclosed net loss available to common stockholders, basic  (0)(1)(1)(1)
Net income available to common stockholders, diluted:3,2723,2532,3682,1591,5231,939

Comprehensive Income ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Net income:3,2753,2572,3712,1591,5221,941
Other comprehensive income (loss)(751)(1,172)8531,063(897)(947)
Comprehensive income:2,5242,0853,2233,222625994
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(4)(2)(0)2(1)
Comprehensive income, net of tax, attributable to parent:2,5212,0813,2213,221627994

Statements sources

The financial statements are based on the company's filings with the 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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